Grayscale Ethereum Mini Trust ETF (ETH) Quarterly Financials

120+ quarters historyFree accessUpdated daily

Grayscale Ethereum Mini Trust ETF (ETH) quarterly income statement — complete revenue, gross profit & net income history

Annual Quarterly

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Goods Sold	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
COGS % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	80.69M	91.27M	90.2M	96.06M	87.36M	94.84M	93.87M	77.1M	100.64M	100.14M	115.18M	111.55M	124.02M	129.62M	133.78M	119.46M	122.27M	109.19M	104.85M	101.41M
Gross Margin %	59.4%	60.88%	61.37%	59.9%	61.22%	60.31%	60.82%	60.39%	60.16%	61.1%	61.47%	59.87%	61.05%	60.42%	58.25%	60.44%	58.76%	59.89%	58.8%	57.31%
Gross Profit Growth %	-7.64%	-3.76%	-3.91%	24.59%	-	-5.76%	-6.26%	-33.06%	-18.86%	-22.74%	-13.9%	-6.62%	1.43%	18.7%	27.6%	17.8%	20.2%	27.31%	114.99%	20.81%
Operating Expenses	74.16M	77.04M	79.7M	80.69M	76.36M	76.67M	76.07M	74.97M	78.95M	81.79M	79.44M	82.76M	86.95M	89.97M	91.74M	86.82M	86.05M	81.8M	80.84M	82.41M
OpEx % of Revenue	54.6%	51.39%	54.22%	50.32%	53.51%	48.76%	49.29%	58.72%	47.2%	49.9%	42.4%	44.42%	42.8%	41.94%	39.94%	43.92%	41.35%	44.87%	45.33%	46.57%
Selling, General & Admin	73.88M	77.86M	79.7M	0	76.25M	76.67M	76.07M	71.49M	79.06M	80.17M	84.43M	83.11M	87.02M	91.83M	91.34M	88.15M	89.48M	81.45M	79.64M	81.58M
SG&A % of Revenue	54.39%	51.93%	54.22%	-	53.44%	48.76%	49.29%	55.99%	47.26%	48.92%	45.06%	44.61%	42.83%	42.81%	39.77%	44.6%	43%	44.67%	44.66%	46.1%
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	6.47M	14.23M	9.97M	15.27M	11M	18.16M	17.57M	6.06M	21.45M	19.84M	30.63M	28.32M	36.87M	37.65M	42.33M	31.19M	32.66M	27.61M	25.08M	19.58M
Operating Margin %	4.77%	9.49%	6.78%	9.52%	7.71%	11.55%	11.38%	4.75%	12.82%	12.11%	16.35%	15.2%	18.15%	17.55%	18.43%	15.78%	15.69%	15.15%	14.07%	11.06%
Operating Income Growth %	-41.13%	-21.64%	-43.26%	151.8%	-	-15.36%	-11.48%	-80.2%	-41.82%	-47.3%	-27.63%	-9.21%	12.9%	36.35%	68.73%	59.3%	39.77%	124.44%	670.87%	18909.71%
EBITDA	6.47M	10.38M	13.81M	2M	22.67M	18.16M	21.44M	10.07M	25.51M	23.79M	34.57M	32.3M	40.71M	41.51M	46.27M	35.04M	36.52M	31.94M	29.11M	23.79M
EBITDA Margin %	4.77%	6.93%	9.4%	1.25%	15.88%	11.55%	13.89%	7.89%	15.25%	14.52%	18.45%	17.33%	20.04%	19.35%	20.15%	17.73%	17.55%	17.52%	16.32%	13.45%
EBITDA Growth %	-71.44%	-42.81%	-35.57%	-80.14%	-	-28.83%	-9.89%	-70.87%	-37.33%	-42.69%	-25.29%	-7.84%	11.47%	29.97%	58.96%	47.28%	33.32%	93.36%	7760.53%	426.65%
D&A (Non-Cash Add-back)	0	-3.84M	3.84M	0	11.67M	0	3.87M	4.01M	4.06M	3.95M	3.94M	3.98M	3.84M	3.86M	3.95M	3.85M	3.86M	4.33M	4.03M	4.21M
EBIT	0	0	14.01M	16.66M	12.6M	0	0	0	21.45M	19.84M	30.63M	28.32M	36.87M	37.65M	42.33M	31.19M	32.66M	27.61M	24.05M	19.04M
Net Interest Income	0	0	0	0	1.54M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	-5.65M	0	0	0	1.6M	0	0	-5.88M	1.67M	1.72M	2.49M	1.07M	851K	341K	77K	51K	6K	48K	0	0
Interest Expense	-119K	0	0	0	60K	0	0	0	0	0	0	0	0	0	0	0	0	0	48K	51K
Other Income/Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	7.83M	15.72M	14.01M	16.66M	12.54M	20.12M	19.7M	8.76M	23.36M	20.07M	33.26M	29.86M	37.92M	39.99M	41.97M	32.59M	36.22M	27.34M	24M	18.99M
Pretax Margin %	5.77%	10.48%	9.53%	10.39%	8.79%	12.8%	12.77%	6.86%	13.96%	12.25%	17.75%	16.03%	18.67%	18.64%	18.27%	16.49%	17.4%	14.99%	13.46%	10.73%
Income Tax	1.9M	3.97M	3.56M	4.39M	2.93M	5.12M	4.98M	2.7M	5.94M	5.14M	7.85M	7.5M	9.75M	10.11M	10.45M	7.88M	9.32M	7.19M	5.84M	3.38M
Effective Tax Rate %	24.23%	25.28%	25.38%	26.35%	23.38%	25.44%	25.3%	30.82%	25.45%	25.58%	23.61%	25.13%	25.72%	25.28%	24.9%	24.17%	25.74%	26.29%	24.33%	17.82%
Net Income	5.93M	11.74M	10.45M	12.27M	9.61M	15M	14.72M	6.06M	17.41M	14.94M	25.41M	22.36M	28.17M	29.88M	31.52M	24.71M	26.89M	20.15M	18.16M	15.61M
Net Margin %	4.37%	7.83%	7.11%	7.65%	6.73%	9.54%	9.54%	4.75%	10.41%	9.12%	13.56%	12%	13.86%	13.93%	13.72%	12.5%	12.92%	11.05%	10.18%	8.82%
Net Income Growth %	-38.22%	-21.73%	-29%	102.41%	-	-13.82%	-1.47%	-76.14%	-38.18%	-50%	-19.4%	-9.54%	4.73%	48.27%	73.55%	58.34%	59.3%	115.47%	250.48%	7099.1%
Net Income (Continuing)	0	-10.45M	10.45M	12.27M	9.61M	15M	14.72M	6.06M	17.41M	14.94M	25.41M	22.36M	28.17M	29.88M	31.52M	24.71M	26.89M	20.15M	18.16M	15.61M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-89K	-88K	-87K	-86K	-90K	-97K	0	-64K	-36K	-28K	-22K	-10K	-21K	-33K	-26K	-37K	-32K	-24K	-25K	-24K
EPS (Diluted)	0.23	0.46	0.41	0.32	0.37	0.59	0.57	0.24	0.68	0.58	0.99	0.87	1.10	1.17	1.23	0.97	1.05	0.79	0.71	0.61
EPS Growth %	-37.84%	-22.03%	-28.07%	33.33%	-	-13.24%	-1.72%	-75.76%	-38.18%	-50.43%	-19.51%	-10.31%	4.76%	48.1%	73.24%	59.02%	56.72%	113.51%	247.92%	-
EPS (Basic)	0.23	0.46	0.41	0.32	0.38	0.59	0.58	0.24	0.68	0.58	0.99	0.87	1.10	1.17	1.23	0.97	1.05	0.79	0.71	0.61
Diluted Shares Outstanding	25.62M	25.62M	25.62M	38.44M	51.25M	51.25M	51.24M	51.29M	51.26M	51.24M	51.35M	51.2M	51.16M	51.12M	51.15M	51.1M	51.03M	50.9M	50.99M	50.8M
Basic Shares Outstanding	25.62M	25.62M	25.57M	38.37M	51.11M	51.11M	51.09M	51.05M	51.21M	51.51M	51.35M	51.39M	51.21M	51.08M	51.15M	50.96M	51.23M	51.02M	50.99M	51.17M
Dividend Payout Ratio	-	-	156.57%	-	-	-	137.13%	164.63%	52.78%	146.78%	36.11%	72.93%	-	69.88%	25.84%	59.65%	-	125.9%	174.43%	40.52%

Grayscale Ethereum Mini Trust ETF (ETH) Quarterly Financials

120+ quarters historyFree accessUpdated daily

Grayscale Ethereum Mini Trust ETF (ETH) quarterly income statement — complete revenue, gross profit & net income history

Annual Quarterly

Metric	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q2'24	Q1'24	Q4'23	Q3'23	Q2'23	Q1'23	Q4'22	Q3'22	Q2'22	Q1'22	Q4'21	Q3'21

Sales/Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of Goods Sold	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
COGS % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	80.69M	91.27M	90.2M	96.06M	87.36M	94.84M	93.87M	77.1M	100.64M	100.14M	115.18M	111.55M	124.02M	129.62M	133.78M	119.46M	122.27M	109.19M	104.85M	101.41M
Gross Margin %	59.4%	60.88%	61.37%	59.9%	61.22%	60.31%	60.82%	60.39%	60.16%	61.1%	61.47%	59.87%	61.05%	60.42%	58.25%	60.44%	58.76%	59.89%	58.8%	57.31%
Gross Profit Growth %	-7.64%	-3.76%	-3.91%	24.59%	-	-5.76%	-6.26%	-33.06%	-18.86%	-22.74%	-13.9%	-6.62%	1.43%	18.7%	27.6%	17.8%	20.2%	27.31%	114.99%	20.81%
Operating Expenses	74.16M	77.04M	79.7M	80.69M	76.36M	76.67M	76.07M	74.97M	78.95M	81.79M	79.44M	82.76M	86.95M	89.97M	91.74M	86.82M	86.05M	81.8M	80.84M	82.41M
OpEx % of Revenue	54.6%	51.39%	54.22%	50.32%	53.51%	48.76%	49.29%	58.72%	47.2%	49.9%	42.4%	44.42%	42.8%	41.94%	39.94%	43.92%	41.35%	44.87%	45.33%	46.57%
Selling, General & Admin	73.88M	77.86M	79.7M	0	76.25M	76.67M	76.07M	71.49M	79.06M	80.17M	84.43M	83.11M	87.02M	91.83M	91.34M	88.15M	89.48M	81.45M	79.64M	81.58M
SG&A % of Revenue	54.39%	51.93%	54.22%	-	53.44%	48.76%	49.29%	55.99%	47.26%	48.92%	45.06%	44.61%	42.83%	42.81%	39.77%	44.6%	43%	44.67%	44.66%	46.1%
Research & Development	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	6.47M	14.23M	9.97M	15.27M	11M	18.16M	17.57M	6.06M	21.45M	19.84M	30.63M	28.32M	36.87M	37.65M	42.33M	31.19M	32.66M	27.61M	25.08M	19.58M
Operating Margin %	4.77%	9.49%	6.78%	9.52%	7.71%	11.55%	11.38%	4.75%	12.82%	12.11%	16.35%	15.2%	18.15%	17.55%	18.43%	15.78%	15.69%	15.15%	14.07%	11.06%
Operating Income Growth %	-41.13%	-21.64%	-43.26%	151.8%	-	-15.36%	-11.48%	-80.2%	-41.82%	-47.3%	-27.63%	-9.21%	12.9%	36.35%	68.73%	59.3%	39.77%	124.44%	670.87%	18909.71%
EBITDA	6.47M	10.38M	13.81M	2M	22.67M	18.16M	21.44M	10.07M	25.51M	23.79M	34.57M	32.3M	40.71M	41.51M	46.27M	35.04M	36.52M	31.94M	29.11M	23.79M
EBITDA Margin %	4.77%	6.93%	9.4%	1.25%	15.88%	11.55%	13.89%	7.89%	15.25%	14.52%	18.45%	17.33%	20.04%	19.35%	20.15%	17.73%	17.55%	17.52%	16.32%	13.45%
EBITDA Growth %	-71.44%	-42.81%	-35.57%	-80.14%	-	-28.83%	-9.89%	-70.87%	-37.33%	-42.69%	-25.29%	-7.84%	11.47%	29.97%	58.96%	47.28%	33.32%	93.36%	7760.53%	426.65%
D&A (Non-Cash Add-back)	0	-3.84M	3.84M	0	11.67M	0	3.87M	4.01M	4.06M	3.95M	3.94M	3.98M	3.84M	3.86M	3.95M	3.85M	3.86M	4.33M	4.03M	4.21M
EBIT	0	0	14.01M	16.66M	12.6M	0	0	0	21.45M	19.84M	30.63M	28.32M	36.87M	37.65M	42.33M	31.19M	32.66M	27.61M	24.05M	19.04M
Net Interest Income	0	0	0	0	1.54M	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Income	-5.65M	0	0	0	1.6M	0	0	-5.88M	1.67M	1.72M	2.49M	1.07M	851K	341K	77K	51K	6K	48K	0	0
Interest Expense	-119K	0	0	0	60K	0	0	0	0	0	0	0	0	0	0	0	0	0	48K	51K
Other Income/Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	7.83M	15.72M	14.01M	16.66M	12.54M	20.12M	19.7M	8.76M	23.36M	20.07M	33.26M	29.86M	37.92M	39.99M	41.97M	32.59M	36.22M	27.34M	24M	18.99M
Pretax Margin %	5.77%	10.48%	9.53%	10.39%	8.79%	12.8%	12.77%	6.86%	13.96%	12.25%	17.75%	16.03%	18.67%	18.64%	18.27%	16.49%	17.4%	14.99%	13.46%	10.73%
Income Tax	1.9M	3.97M	3.56M	4.39M	2.93M	5.12M	4.98M	2.7M	5.94M	5.14M	7.85M	7.5M	9.75M	10.11M	10.45M	7.88M	9.32M	7.19M	5.84M	3.38M
Effective Tax Rate %	24.23%	25.28%	25.38%	26.35%	23.38%	25.44%	25.3%	30.82%	25.45%	25.58%	23.61%	25.13%	25.72%	25.28%	24.9%	24.17%	25.74%	26.29%	24.33%	17.82%
Net Income	5.93M	11.74M	10.45M	12.27M	9.61M	15M	14.72M	6.06M	17.41M	14.94M	25.41M	22.36M	28.17M	29.88M	31.52M	24.71M	26.89M	20.15M	18.16M	15.61M
Net Margin %	4.37%	7.83%	7.11%	7.65%	6.73%	9.54%	9.54%	4.75%	10.41%	9.12%	13.56%	12%	13.86%	13.93%	13.72%	12.5%	12.92%	11.05%	10.18%	8.82%
Net Income Growth %	-38.22%	-21.73%	-29%	102.41%	-	-13.82%	-1.47%	-76.14%	-38.18%	-50%	-19.4%	-9.54%	4.73%	48.27%	73.55%	58.34%	59.3%	115.47%	250.48%	7099.1%
Net Income (Continuing)	0	-10.45M	10.45M	12.27M	9.61M	15M	14.72M	6.06M	17.41M	14.94M	25.41M	22.36M	28.17M	29.88M	31.52M	24.71M	26.89M	20.15M	18.16M	15.61M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Minority Interest	-89K	-88K	-87K	-86K	-90K	-97K	0	-64K	-36K	-28K	-22K	-10K	-21K	-33K	-26K	-37K	-32K	-24K	-25K	-24K
EPS (Diluted)	0.23	0.46	0.41	0.32	0.37	0.59	0.57	0.24	0.68	0.58	0.99	0.87	1.10	1.17	1.23	0.97	1.05	0.79	0.71	0.61
EPS Growth %	-37.84%	-22.03%	-28.07%	33.33%	-	-13.24%	-1.72%	-75.76%	-38.18%	-50.43%	-19.51%	-10.31%	4.76%	48.1%	73.24%	59.02%	56.72%	113.51%	247.92%	-
EPS (Basic)	0.23	0.46	0.41	0.32	0.38	0.59	0.58	0.24	0.68	0.58	0.99	0.87	1.10	1.17	1.23	0.97	1.05	0.79	0.71	0.61
Diluted Shares Outstanding	25.62M	25.62M	25.62M	38.44M	51.25M	51.25M	51.24M	51.29M	51.26M	51.24M	51.35M	51.2M	51.16M	51.12M	51.15M	51.1M	51.03M	50.9M	50.99M	50.8M
Basic Shares Outstanding	25.62M	25.62M	25.57M	38.37M	51.11M	51.11M	51.09M	51.05M	51.21M	51.51M	51.35M	51.39M	51.21M	51.08M	51.15M	50.96M	51.23M	51.02M	50.99M	51.17M
Dividend Payout Ratio	-	-	156.57%	-	-	-	137.13%	164.63%	52.78%	146.78%	36.11%	72.93%	-	69.88%	25.84%	59.65%	-	125.9%	174.43%	40.52%

ETH Income Statement

ETH Income Statement