iShares Bitcoin Trust ETF financial statements

Income statement, balance sheet and cash flow statement for the last 2 fiscal years, taken from the XBRL data iShares Bitcoin 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

	FY2024	FY2025
Operating expenses	47.5	175
Operating income	-47.5	-175
Net income	14,232	-8,969
EPS, basic	26.93	-7.46
EPS, diluted	26.93	-7.46

Cash flow statement

	FY2024	FY2025
Net income	14,232	-8,969
Cash from operations	-37,311	-19,908
Cash from financing	37,311	19,908
Net change in cash	0.03	-0.09

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 $47.57 on September 25, 2026.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	-163.0%	Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y	-127.7%	EPS vs the same period a year earlier. Only from a positive base.

Valuation

Metric	Value	How it is calculated
Market cap	$61.91B	Share price x shares outstanding.
Enterprise value	$61.91B	Market cap + total debt - cash - short-term investments.
P/OCF	78.2x	Market cap / cash from operations, when positive.
Earnings yield	-63.3%	Net income / market cap (the inverse of P/E).

Was iShares Bitcoin Trust ETF profitable in fiscal 2025?

No. It reported a net loss of $8.97B.

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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