In fiscal 2025, which ended Dec 31, 2025, Grayscale Ethereum Staking ETF generated $1.4 billion of cash from operations, down 61.1% from the year before. The company returned $2.2 billion 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 2025
Dec 31, 2025
|
FY 2024
Dec 31, 2024
|
|---|---|---|
| Operating | ||
| Operating cash flow |
1,415
-61.1%
|
3,635
|
| Financing | ||
| Stock buybacks |
2,159
-40.8%
|
3,649
|
| Financing cash flow |
-1,415
+61.1%
|
-3,635
|
| Change in cash | ||
| Net change in cash |
0
|
0
|
| Shareholder returns | ||
| Returned to shareholders |
2,159
|
3,649
|
| Ratios | ||
| Cash conversion |
—
|
1.41x
|
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. 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
- ETHE (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Stamford, CT
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1725210
- Former names
- Grayscale Ethereum Trust ETF (until Dec 23, 2025); Grayscale Ethereum Trust (ETH) (until Nov 1, 2024); Ethereum Investment Trust (until Dec 21, 2018)
Other Commodity Contracts Brokers & Dealers companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.