Franklin Ethereum Trust earns about -12% on equity. The cash-flow models don't apply cleanly here — the ledger says why below. Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2026 |
|---|---|
| Revenue | — |
| Net income | −$8.09M1 |
| Operating cash flow | −$28.7M2 |
| Capital expenditure | — |
| Free cash flow (derived) | — |
| Total debt | — |
| Cash & equivalents | $03 |
| Diluted shares | — |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom). A derived or summed figure cites every filing line it was built from.
It earned an average -12% on equity over 1 years. Compare that to what it costs to fund the business.
seeing a moat in the numbers →Not enough history to read capital allocation.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
Different models answer different questions — which to trust when →
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Connect the MeritValue MCP server to Claude or another MCP client, ask about Franklin Ethereum Trust, and get these exact figures with their filing receipts — not an improvised DCF.
Get a free key →Pull the companies with a published value under any model (up to 500 a request, filtered by data completeness) into your own sheet or agent. Screening is what Analyst adds, at $9/month.
See pricing →Follow EZET and keep your own price beside the value. The same engine, with the same receipts.
MeritValue on the App Store →- 10-K filed 2026-06-29 · period ending 2026-03-31 · accession 0001140361-26-026753 (NetIncomeLoss)
- 10-K filed 2026-06-29 · period ending 2026-03-31 · accession 0001140361-26-026753 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2026-06-29 · period ending 2026-03-31 · accession 0001140361-26-026753 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)