Income statement, balance sheet and cash flow statement for the last 1 fiscal years, taken from the XBRL data 21Shares XRP 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
5.94
Net income
-36
Balance sheet
FY2025
Total assets
248
Accounts payable
0.04
Total liabilities
0.04
Paid-in capital
295
Retained earnings
-47.3
Shareholders' equity
248
Total equity
248
Total liabilities and equity
248
Cash flow statement
FY2025
Net income
-36
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 $14.46 on September 28, 2026.
Profitability
Metric
Value
How it is calculated
Return on equity (ROE)
-121.4%
Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Market cap + total debt - cash - short-term investments.
P/B
1.42x
Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book
1.42x
Market cap / tangible book value, when positive.
Earnings yield
-85.3%
Net income / market cap (the inverse of P/E).
Was 21Shares XRP ETF profitable in fiscal 2025?
No. It reported a net loss of $36.0M.
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.