{ "ok": true, "cik": "1855781", "ticker": "BTCO", "name": "Invesco Galaxy Bitcoin ETF", "filings": [ { "form": "10-Q", "filed": "2026-08-07", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1855781/000119312526338719/0001193125-26-338719-index.htm" }, { "form": "8-K", "filed": "2026-08-03", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/1855781/000119312526330566/0001193125-26-330566-index.htm" }, { "form": "8-K", "filed": "2026-06-08", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers" ], "url": "https://www.sec.gov/Archives/edgar/data/1855781/000119312526260149/0001193125-26-260149-index.htm" }, { "form": "10-Q", "filed": "2026-05-07", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1855781/000119312526209710/0001193125-26-209710-index.htm" }, { "form": "10-K", "filed": "2026-03-02", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1855781/000119312526083572/0001193125-26-083572-index.htm" }, { "form": "10-Q", "filed": "2025-11-07", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1855781/000119312525270289/0001193125-25-270289-index.htm" } ], "events12m": 2, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-08-03", "url": "https://www.sec.gov/Archives/edgar/data/1855781/000119312526330566/0001193125-26-330566-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001855781.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1855781" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Invesco Galaxy Bitcoin ETF ($BTCO). Last filing: 10-Q, 2026-08-07. 2 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2024-12-31", "revenue": 0, "revenueGrowth1y": null, "revenueGrowthPerYear": null, "yearsOfData": 1, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": null, "operatingCashFlow": -321467689, "capitalSpending": null, "freeCashFlow": null, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 0, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2024-12-31", "revenue": 0 } ], "totalEquity": 727611833, "totalAssets": 727789330, "equityRatio": 0.999756114863624, "returnOnEquity": 0.5581879315038573, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": null, "sharesOutstanding": null, "bookValuePerShare": null, "revenuePerShare": null, "range80": null, "ifPaceHeld": null }, "edgarette": "🔖 Exposure: revenue $0K (FY2024). Experience: one year on record; operating margin null. Soundness: equity 100.0% of assets, return on equity 55.8%. Credibility: one audited year, little weight. Against peers (38 filers, $50M+ revenue, its industry group): operating margin null against a 21.8% median.", "peers": { "sic": 6221, "sicDescription": "Commodity Contracts Brokers & Dealers", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "62", "growth": [ 0.1009, 69 ], "opMargin": [ 0.218, 38 ], "equityRatio": [ 0.2112, 55 ], "returnOnEquity": [ 0.1456, 49 ], "payoutRatio": [ 0.4105, 39 ] }, "summary": "Invesco Galaxy Bitcoin ETF (BTCO) reported revenue of $0 million in FY2024, operating margin null against a 21.8% median for commodity contracts brokers & dealers, equity 100.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Invesco Galaxy Bitcoin ETF against its own record and its peers
Equity of assetsPeer median 21.1%100.0%Return on equityPeer median 14.6%55.8%Gold tick: the median of 49–55 peers with $50M+ revenue in commodity contracts brokers & dealers
", "chartHorizon": null, "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Invesco Galaxy Bitcoin ETF (BTCO) reported revenue of $0 million in FY2024, operating margin null against a 21.8% median for commodity contracts brokers & dealers, equity 100.0% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2024-12-31", "revenue": 0, "totalDebt": null, "cash": 0 }, "experience": { "revenueGrowth1y": null, "revenueGrowthPerYear": null, "operatingMargin": null, "operatingMarginPrior": null, "netMargin": null, "freeCashFlow": null }, "soundness": { "equityRatio": 0.999756114863624, "returnOnEquity": 0.5581879315038573, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 6221, "sicDescription": "Commodity Contracts Brokers & Dealers", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "62", "growth": [ 0.1009, 69 ], "opMargin": [ 0.218, 38 ], "equityRatio": [ 0.2112, 55 ], "returnOnEquity": [ 0.1456, 49 ], "payoutRatio": [ 0.4105, 39 ] }, "credibility": { "auditedYears": 1, "weight": "little", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-27", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 2, "latest": { "filed": "2026-08-03", "url": "https://www.sec.gov/Archives/edgar/data/1855781/000119312526330566/0001193125-26-330566-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": null, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001855781.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1855781" }, "speedCash": null, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2024-12-31", "operating": -321467689, "investing": null, "financing": 321367689, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2024-12-31", "operating": -321467689, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2024-12-31", "cash": 0, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 727789330, "ladder": null, "currentRatio": null, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": null, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2024-12-31", "operating": -321467689, "investing": null, "financing": 321367689, "capitalSpending": null, "free": null, "trend": [ { "fiscalYearEnd": "2024-12-31", "operating": -321467689, "free": null } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2024-12-31", "cash": 0, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 727789330, "ladder": null, "currentRatio": null, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }