ETHW · CIK 0002013744
Bitwise Ethereum ETF
Annual figures as reported, FY2024–FY2025. Ratios and growth rates derived on-page.
Finance Services
Company profile
Net income
−$54.7M
Operating cash flow
$6.1M
Total assets
$343.7M
▼ −15.0% vs FY2024
Recent quarters
momentum · last 12 quartersNet income — Mar ’26 quarter
−$110.6M
▲ +26.3% vs Mar ’25
Quarterly net income
Losses shown in terracotta
| Quarter | Revenue | Rev. YoY | Gross margin | Net income | Net margin | Diluted EPS |
|---|---|---|---|---|---|---|
| Mar ’26 | — | — | — | −$110.6M | — | — |
| Dec ’25 | — | — | — | −$154.3M | — | — |
| Sep ’25 | — | — | — | $187.6M | — | — |
| Jun ’25 | — | — | — | $61.9M | — | — |
| Mar ’25 | — | — | — | −$149.9M | — | — |
Shareholder returns
capital allocationCapital returned
Cash paid out as dividends and share repurchases
Buybacks
Key ratios
derived per fiscal year| Fiscal year | ROA |
|---|---|
| FY2025 | −15.9% |
| FY2024 | — |
Annual figures
as reported| Fiscal year | Revenue | Gross profit | Op. income | Net income | Diluted EPS | Op. cash flow | Capex | Total assets | Liabilities | Equity | Cash | LT debt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FY2025 | — | — | — | −$54.7M | — | $6.1M | — | $343.7M | $61K | — | — | — |
| FY2024 | — | — | — | — | — | — | — | $404.5M | $0 | — | — | — |
Latest filings
the most recent regulatory filings10-QQuarterly report2026-05-06 ↗424ISEC filing2026-03-27 ↗10-KAnnual report2026-03-12 ↗10-QQuarterly report2025-11-10 ↗10-QQuarterly report2025-08-07 ↗424B3PROSPECTUS2025-08-01 ↗EFFECTSEC filing2025-07-31 ↗CORRESPSEC filing2025-07-31 ↗POS AMPOST-EFFECTIVE AMENDMENT NO. 4 TO FORM S-12025-07-31 ↗POS AMPOST-EFFECTIVE AMENDMENT NO. 3 TO FORM S-12025-07-29 ↗
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