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Financial statements

Fidelity Ethereum Fund financial statements

Income statement, balance sheet and cash flow statement for the last 1 fiscal years, taken from the XBRL data Fidelity Ethereum Fund 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
Interest income0
Net income-422

Balance sheet

FY2025
Cash and equivalents0
Total assets2,212
Total liabilities2.67
Paid-in capital2,641
Retained earnings-431
Shareholders' equity2,210
Total equity2,210
Total liabilities and equity2,212
Shares outstanding74.6

Cash flow statement

FY2025
Net income-422
Cash from operations-1,039
Stock issued4,302
Share buybacks-3,263
Cash from financing1,039
Net change in cash0

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $26.61 on September 28, 2026.

Profitability

MetricValueHow it is calculated
Return on equity (ROE)-121.5%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-121.5%Net income / average total assets.

Balance sheet health

MetricValueHow it is calculated
Liabilities / assets0.0%Total liabilities / total assets.
Tangible book value$758.6MShareholders' equity - goodwill - intangible assets.

Per share

MetricValueHow it is calculated
Book value per share$15.87Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share$15.87Tangible book value / shares outstanding.
Cash per share$0.00(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$1.26BShare price x shares outstanding.
Enterprise value$1.26BMarket cap + total debt - cash - short-term investments.
P/B1.66xMarket cap / shareholders' equity. Only when equity is positive.
Price / tangible book1.66xMarket cap / tangible book value, when positive.
Earnings yield-73.1%Net income / market cap (the inverse of P/E).
Shareholder yield285.9%(Dividends paid + share buybacks) / market cap.
Was Fidelity Ethereum Fund profitable in fiscal 2025?

No. It reported a net loss of $422.3M.

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.

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