Lodestar

BTCW

WisdomTree Bitcoin Fund
CBOECommodity Contracts Brokers & DealersLatest fiscal year ended Dec 31, 2025

Figures below are compared against other companies classified under Commodity Contracts Brokers & Dealers.

Grades vs. industry

No grades. This company reported an operating loss several times its revenue, so it is treated as pre-commercial and left out of industry comparisons — margins and returns measured against a revenue that barely exists describe a research programme rather than a business. Its reported figures appear in full below.

Profitability

MetricCompanyIndustry medianRank
Gross margin
Gross profit as a share of revenue. Often unreported.
Not reported——
Operating margin
Operating income as a share of revenue.
Not reported——
Net margin
Net income as a share of revenue.
Not reported67.6%—
Free cash flow margin
Free cash flow as a share of revenue.
Not reported——
Return on equity
Net income divided by shareholder equity.
Not reported14.0%—
Return on assets
Net income divided by total assets.
-26.2%-0.4%—
Return on invested capital
After-tax operating profit over debt plus equity less cash.
Not reported2.7%—

“Not reported” means the company did not tag this figure in its filing, not that the value is zero. Nothing here is ranked: this company reported an operating loss several times its revenue, so it is left out of its industry’s comparisons and does not count toward the medians shown. Its own figures are exactly as filed.

Annual financials

Fiscal year20252024
Operating income-$36.67M$128.48M
Net income-$36.67M$128.48M
Operating cash flow$184.16M-$232.04M
Total assets$139.72M$360.60M

A dash means the figure was not tagged in that year’s filing. It does not mean zero. Figures reflect the most recent filing covering each period, so restated years show their restated values.

Source

Figures come from WisdomTree Bitcoin Fund’s filings with the SEC, as submitted in XBRL. The most recent annual figures are from a 10-K filed Mar 27, 2026. View filings on EDGAR.

Not financial advice. This page presents figures reported to the SEC and compares them with other companies sharing an industry classification. It is not a recommendation to buy or sell anything, and the grades cannot capture everything that matters about a business. Industry classifications are coarse, filings are self-reported, and some figures are missing or understated where companies tag them in ways this site does not match. Do your own research.