INVESCO DB US DOLLAR INDEX BEARISH FUND UDN

Financials SIC 6221 - Commodity Contracts Brokers & Dealers NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Securities and Commodity Contracts Intermediation and Brokerage › Commodity Contracts Intermediation derived NYSE

Invesco DB US Dollar Index Bearish Fund (the "Fund"), a separate series of Invesco DB US Dollar Index Trust (the "Trust") was formed as a Delaware statutory trust on August 3, 2006. The term of the Fund is perpetual (unless terminated earlier in certain circumstances) as provided for in the Fifth Amended and Restated Declaration of Trust and Trust Agreement of the Fund, as amended (the "Trust Agreement"). The Fund has an unlimited number of shares authorized for issuance.

Invesco Capital Management LLC has served as the managing owner (the "Managing Owner"), commodity pool operator and commodity trading advisor of the Fund since February 23, 2015. The Managing Owner holds 40 general shares (the "General Shares") of the Fund. The fiscal year end of the Fund is December 31st.

Last close 17.86 2026-10-23
Market cap $107.2M 2026-06-30 share count
52-week range 17.64 - 18.85

Valuation FY2025 figures against the last close

P/S21.7x
P/E—
P/FCF—
EV/EBITDA27.0x
Dividend yield3.8%
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.9M$3.1M$3.8M$1.1M$36.9K$193.0K$771.0K$645.8K$351.8K$119.8K
Total operating expenses $921.3K$463.9K$606.4K$460.8K$587.9K$438.8K$273.2K$279.8K$314.0K$322.0K
Operating income $4.1M$2.6M$3.3M$674.5K-$539.6K-$202.6K$503.7K$370.8K$43.1K-$201.1K
Interest expense ——$7.9K$2.4K$547$516$1.0K$1.6K$262$761
Net income $9.0M-$3.4M$2.4M-$2.0M-$5.5M$4.1M-$438.7K-$2.2M$3.6M-$1.5M
EPS, basic —————————-0.95

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $0$0$0$564.4K$0$273.8K$74.5K———
Total assets $138.7M$51.3M$65.5M$99.9M$48.7M$93.9M$51.0M$29.8M$40.4M$32.8M
Total liabilities $77.6K$280.5K$116.4K$61.6K$39.8K$304.5K$10.0M$384.3K$30.1K$27.4K
Total equity $138.6M$51.0M$65.4M$99.9M$48.6M$93.6M$41.0M$29.4M$40.4M$32.7M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow -$78.5M$10.9M$36.3M-$52.7M$39.2M-$48.3M-$11.6M$8.3M-$4.0M$2.3M
Depreciation and amortisation -$150.8K-$1.5M-$1.9M-$439.4K-$26.4K-$135.0K-$712.2K-$600.1K-$331.8K-$117.8K
Financing cash flow $78.5M-$10.9M-$36.9M$53.3M-$39.4M$48.5M$11.7M-$8.5M$4.0M-$8.7M
Dividends paid $4.1M$2.7M$3.3M$701.4K——$508.6K$371.6K$43.1K—
Buybacks $29.1M$30.6M$80.6M$43.2M$63.1M$24.7M$16.4M$91.2M$17.8M$26.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-083562.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10M -5M 0 5M 10M Revenue, FY2016: 119.8K Net income, FY2016: -1.5M Revenue, FY2017: 351.8K Net income, FY2017: 3.6M Revenue, FY2018: 645.8K Net income, FY2018: -2.2M Revenue, FY2019: 771K Net income, FY2019: -438.7K Revenue, FY2020: 193K Net income, FY2020: 4.1M Revenue, FY2021: 36.9K Net income, FY2021: -5.5M Revenue, FY2022: 1.1M Net income, FY2022: -2M Revenue, FY2023: 3.8M Net income, FY2023: 2.4M Revenue, FY2024: 3.1M Net income, FY2024: -3.4M Revenue, FY2025: 4.9M Net income, FY2025: 9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $119.8K $351.8K $645.8K $771.0K $193.0K $36.9K $1.1M $3.8M $3.1M $4.9M
Gross profit — — — — — — — — — —
Net income -$1.5M $3.6M -$2.2M -$438.7K $4.1M -$5.5M -$2.0M $2.4M -$3.4M $9.0M

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Annual report filed Form 10-K
  • Officer or director change Item 5.02
  • Annual report filed Form 10-K
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 6221

TickerCompanyMarket capP/ERevenue growth
GLD SPDR GOLD TRUST $129.19B — —
IBIT iShares Bitcoin Trust ETF $59.81B — —
IAU ISHARES GOLD TRUST $59.26B — —
GLDM World Gold Trust $27.23B — —
SLV iShares Silver Trust $26.22B — —
ETHA iShares Ethereum Trust ETF $20.82B — —
GBTC Grayscale Bitcoin Trust ETF $10.79B — —
AGQ ProShares Trust II $6.92B — —