Income statement, balance sheet and cash flow statement for the last 1 fiscal years, taken from the XBRL data VanEck Ethereum ETF files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
FY2025
Operating expenses
0.33
Net income
-33.8
Balance sheet
FY2025
Cash and equivalents
0
Total assets
172
Total liabilities
14.1
Shareholders' equity
183
Total equity
183
Total liabilities and equity
197
Cash flow statement
FY2025
Net income
-33.8
Key metrics
Worked out from the statements above. Latest values use fiscal 2025. Valuation uses the share price of $39.03 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-18.5%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Market cap + total debt - cash - short-term investments.
P/B
0.71x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
0.71x
Market cap / tangible book value, when positive.
Earnings yield
-26.0%
Net income / market cap (the inverse of P/E).
Was VanEck Ethereum ETF profitable in fiscal 2025?
No. It reported a net loss of $33.8M.
Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.