Income statement, balance sheet and cash flow statement for the last 1 fiscal years, taken from the XBRL data Grayscale XRP Trust 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
Net income
-37.9
Balance sheet
FY2025
Total assets
223
Total liabilities
0
Shareholders' equity
223
Total equity
223
Total liabilities and equity
223
Shares outstanding
6.3
Cash flow statement
FY2025
Net income
-37.9
Cash from operations
-248
Stock issued
248
Share buybacks
0
Cash from financing
248
Net change in cash
0
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 $30.47 on September 25, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-157.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share
$20.22
Tangible book value / shares outstanding.
Valuation
Metric
Value
How it is calculated
Market cap
$86.5M
Share price x shares outstanding.
Enterprise value
$86.5M
Market cap + total debt - cash - short-term investments.
P/B
1.51x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.51x
Market cap / tangible book value, when positive.
Earnings yield
-104.5%
Net income / market cap (the inverse of P/E).
Was Grayscale XRP Trust ETF profitable in fiscal 2025?
No. It reported a net loss of $37.9M.
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.