Invesco Galaxy Bitcoin ETF cash flow statement BTCO

In fiscal 2025, which ended Dec 31, 2025, Invesco Galaxy Bitcoin ETF generated $111.1 million of cash from operations, up 134.6% from the year before. The company returned $379.1 million in share buybacks to shareholders.

USD in millions, except per-share amounts and ratios. The percent under a figure is the change from the year before.

Line
FY 2026
Jun 30, 2026
FY 2025
Dec 31, 2025
FY 2024
Dec 31, 2024
Operating
Operating cash flow
-68
-133.8%
111
+134.6%
-321
Financing
Stock buybacks
177
-60.8%
379
-6.0%
403
Financing cash flow
68
+133.8%
-111
-134.6%
321
Shareholder returns
Returned to shareholders
177
379
403
Ratios
Cash conversion
—
—
-0.79x
How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and ratios. Capital expenditures, debt repaid, dividends, and buybacks are positive amounts. Investing and financing cash flow keep the filing sign, so an outflow is negative. Free cash flow is operating cash flow minus capital expenditures. The first column is the trailing twelve months through the latest quarter. Returned to shareholders is dividends plus buybacks. Free cash flow margin, capital expenditures, and stock-based compensation are divided by revenue. Cash conversion is operating cash flow divided by net income. More on our methodology.

Company profile

Industry
Commodity Contracts Brokers & Dealers (SIC 6221)
Listed as
BTCO (CBOE)
Fiscal year ends
December 31
Incorporated in
DE
Headquarters
New York, NY
SEC filer status
, Emerging growth company
SEC CIK
1855781
Former names
Galaxy Bitcoin ETF (until Apr 12, 2021)

Other Commodity Contracts Brokers & Dealers companies

Source: SEC EDGAR filings. This is company-reported data, not investment advice.