Grayscale Ethereum Mini Trust ETF (ETH) quarterly balance sheet — complete assets, liabilities & equity history
| 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 |
|---|
| Total Current Assets | 288.15M | 312.04M | 299.34M | 309.93M | 361.39M | 316.2M | 313.35M | 332.68M | 325.96M | 352.8M | 359.45M | 351.95M | 338.41M | 351.69M | 346.75M | 340.85M | 316.24M | 300.84M | 295.28M | 291.12M |
| Cash & Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cash Only | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Sales Outstanding | 3.2 | 3.13 | 3.56 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 67.84M | 101.34M | 80.08M | 227.69M | 137.97M | 112.1M | 27.33M | 22.85M | 25.46M | 28.95M | 25.97M | 28.27M | 27.41M | 32.99M | 32.11M | 42.04M | 38.99M | 40.5M | 37.68M | 34.91M |
| Total Non-Current Assets | 435.11M | 402.72M | 437.77M | 427.17M | 377.35M | 416.38M | 422.28M | 412.23M | 396.22M | 386.76M | 386M | 389.37M | 375.57M | 370.15M | 373.15M | 374.05M | 373.08M | 377.45M | 387.97M | 396.43M |
| Property, Plant & Equipment | 313.81M | 315.64M | 320.04M | 319.41M | 319.39M | 323.18M | 325.85M | 329.5M | 333.19M | 338.84M | 338.03M | 341.15M | 326.94M | 321.28M | 324.31M | 325.54M | 325.11M | 329.98M | 340.18M | 347.91M |
| Fixed Asset Turnover | 0.43x | 0.47x | 0.46x | 0.50x | 0.44x | 0.48x | 0.47x | 0.39x | 0.50x | 0.48x | 0.55x | 0.56x | 0.63x | 0.66x | 0.71x | 0.61x | 0.64x | 0.54x | 0.52x | 0.51x |
| Goodwill | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M | 25.39M |
| Intangible Assets | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M | 19.74M |
| Long-Term Investments | 74.38M | 39.99M | 70.05M | 60.03M | 10.04M | 45.09M | 50.43M | 34.77M | 15.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.08M | -1.75M |
| Other Non-Current Assets | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Assets | 723.26M | 714.77M | 737.11M | 737.1M | 738.74M | 732.57M | 1.02B | 744.92M | 722.17M | 739.56M | 745.45M | 741.32M | 713.98M | 721.85M | 719.89M | 714.9M | 689.33M | 678.29M | 683.25M | 687.55M |
| Asset Turnover | 0.19x | 0.21x | 0.20x | 0.22x | 0.19x | 0.18x | 0.18x | 0.17x | 0.23x | 0.22x | 0.25x | 0.26x | 0.28x | 0.30x | 0.32x | 0.28x | 0.30x | 0.27x | 0.26x | 0.27x |
| Asset Growth % | -2.1% | -2.43% | -27.38% | -1.05% | - | 1.44% | 37.25% | -0.07% | 1.15% | 2.45% | 3.55% | 3.7% | 3.58% | 6.42% | 5.36% | 3.98% | 8.35% | 8.96% | 9.71% | -2.21% |
| Total Current Liabilities | 148.65M | 135.84M | 157.54M | 152.85M | 157.79M | 150.08M | 157.31M | 153.7M | 140.93M | 164.94M | 163.1M | 174.36M | 175.72M | 208.29M | 215.64M | 230.44M | 222.82M | 232.77M | 223.9M | 225.95M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 23.98M | 29.63M | 28.57M | 28.04M | 30.46M | 36.74M | 37.37M | 42.7M | 37.45M | 36.46M | 37.79M | 36.77M |
| Days Payables Outstanding | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Short-Term Debt | 26.51M | 26.4M | 26.87M | 27.4M | 27.79M | 27.89M | 27.85M | 27.39M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27.39M | 34.54M |
| Deferred Revenue (Current) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Current Liabilities | 49.93M | 45.88M | 53.5M | 125.45M | 50.69M | 51.41M | 55.41M | 52.84M | 116.95M | 135.31M | 134.53M | 146.31M | 145.25M | 171.55M | 178.27M | 187.74M | 185.37M | 196.3M | 28.09M | 39.39M |
| Current Ratio | 1.94x | 2.30x | 1.90x | 2.03x | 2.29x | 2.11x | 1.99x | 2.16x | 2.31x | 2.14x | 2.20x | 2.02x | 1.93x | 1.69x | 1.61x | 1.48x | 1.42x | 1.29x | 1.32x | 1.29x |
| Quick Ratio | 1.94x | 2.30x | 1.90x | 2.03x | 2.29x | 2.11x | 1.99x | 2.16x | 2.31x | 2.14x | 2.20x | 2.02x | 1.93x | 1.69x | 1.61x | 1.48x | 1.42x | 1.29x | 1.32x | 1.29x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 100.88M | 100.84M | 104.17M | 101.98M | 101.8M | 103.78M | 105.74M | 108.31M | 108.36M | 112.06M | 111.35M | 113.77M | 101.2M | 97.82M | 96.93M | 100.53M | 100.77M | 100.48M | 107.92M | 105.02M |
| Long-Term Debt | 94.07M | 94.75M | 98.49M | 96.26M | 95.06M | 96.87M | 98.47M | 100.9M | 101.48M | 105.28M | 104.5M | 107.34M | 94.03M | 89.23M | 90.08M | 91.96M | 92.56M | 90.74M | 98.7M | 98.77M |
| Capital Lease Obligations | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Deferred Tax Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Non-Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | 249.52M | 236.68M | 261.72M | 254.83M | 259.59M | 253.85M | 0 | 262M | 249.28M | 277.01M | 274.45M | 288.13M | 276.92M | 306.11M | 312.57M | 330.96M | 323.59M | 333.25M | 331.83M | 330.97M |
| Total Debt | 120.58M | 121.15M | 125.37M | 123.67M | 122.86M | 124.76M | 126.32M | 128.28M | 101.48M | 105.28M | 104.5M | 107.34M | 94.03M | 89.23M | 90.08M | 91.96M | 92.56M | 90.74M | 98.7M | 98.77M |
| Net Debt | 54.01M | 56.87M | 51.72M | 47.49M | 57.13M | 67.69M | 67.09M | 58.57M | 46.43M | 48.4M | 42.38M | 46.31M | 8.63M | -3.65M | -19.83M | -3.09M | -12.64M | -2.93M | -5.9M | -10.19M |
| Debt / Equity | 0.25x | 0.25x | 0.26x | 0.26x | 0.26x | 0.26x | 0.16x | 0.27x | 0.21x | 0.23x | 0.22x | 0.24x | 0.22x | 0.21x | 0.22x | 0.24x | 0.25x | 0.26x | 0.28x | 0.28x |
| Debt / EBITDA | 18.62x | 11.67x | 9.08x | 61.83x | 5.42x | 6.87x | 5.89x | 12.74x | 3.98x | 4.43x | 3.02x | 3.32x | 2.31x | 2.15x | 1.95x | 2.62x | 2.53x | 2.84x | 3.39x | 4.15x |
| Net Debt / EBITDA | 8.34x | 5.48x | 3.74x | 23.74x | 2.52x | 3.73x | 3.13x | 5.82x | 1.82x | 2.03x | 1.23x | 1.43x | 0.21x | -0.09x | -0.43x | -0.09x | -0.35x | -0.09x | -0.20x | -0.43x |
| Interest Coverage | 54.40x | - | - | - | 209.93x | - | - | - | - | - | - | - | - | - | - | - | - | - | 500.98x | 373.41x |
| Total Equity | 473.65M | 478M | 475.39M | 482.27M | 479.24M | 478.72M | 778.4M | 482.92M | 472.89M | 462.56M | 471.01M | 453.19M | 437.06M | 415.74M | 407.32M | 383.94M | 365.74M | 345.05M | 351.42M | 356.58M |
| Equity Growth % | -1.17% | -0.15% | -38.93% | -0.13% | - | 1.23% | 68.28% | 2.53% | 8.2% | 11.26% | 15.63% | 18.04% | 19.5% | 20.49% | 15.91% | 7.67% | 5.23% | 3.64% | 7.12% | 5.11% |
| Book Value per Share | 18.49 | 18.66 | 18.56 | 12.55 | 9.35 | 9.34 | 15.19 | 9.42 | 9.23 | 9.03 | 9.17 | 8.85 | 8.54 | 8.13 | 7.96 | 7.51 | 7.17 | 6.78 | 6.89 | 7.02 |
| Total Shareholders' Equity | 473.74M | 478.08M | 475.48M | 482.36M | 479.24M | 478.82M | 778.4M | 482.98M | 472.93M | 462.58M | 471.03M | 453.2M | 437.08M | 415.77M | 407.35M | 383.98M | 365.77M | 345.07M | 351.44M | 356.6M |
| Common Stock | 497K | 497K | 497K | 496K | 496K | 496K | 496K | 495K | 495K | 495K | 494K | 494K | 494K | 494K | 494K | 494K | 493K | 493K | 492K | 492K |
| Retained Earnings | 776.7M | 780.74M | 778.97M | 784.88M | 782.58M | 782.94M | 777.9M | 783.37M | 771.05M | 762.83M | 769.82M | 753.59M | 739.38M | 719.37M | 710.37M | 686.99M | 669.65M | 650.13M | 655.35M | 662.53M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -5.09M | -4.51M | -5.1M | -5.69M | -6.02M | -6.5M | 0 | -4.19M | -1.06M | -2.81M | -2.79M | -4.24M | -5.75M | -6.54M | -6.46M | -6.08M | -6.57M | -6.58M | -5.93M | -6.47M |
| Minority Interest | -89K | -88K | -87K | -86K | -90K | -97K | 0 | -64K | -36K | -28K | -22K | -10K | -21K | -33K | -26K | -37K | -32K | -24K | -25K | -24K |