NASDAQ$IBIT
iShares Bitcoin Trust · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
iShares Bitcoin Trust (IBIT) reported a Q1 2026 net decrease in net assets from operations of $15.1B as bitcoin prices fell; NAV per share was $38.62.
For the quarter ended March 31, 2026, IBIT, a spot bitcoin ETF, reported a net decrease in net assets resulting from operations of $15.1 billion, or $11.09 per share, compared with $6.5 billion, or $6.41 per share, in Q1 2025, driven by bitcoin mark-to-market losses and net investment loss. NAV per share ended at $38.62 versus $49.61 at December 31, 2025.
- Net decrease in net assets from operations $(15.1)B.
- NAV per share $38.62 vs $49.61 prior quarter end.
- Fund holds bitcoin as primary asset; no product revenue.
- Net investment loss and realized/unrealized bitcoin losses drove results.
Headline financials
Revenue & EPS history
iShares Bitcoin Trust · Revenue · Quarterly
-$175M
Forward guidance
As an ETF, IBIT does not provide earnings guidance; performance tracks bitcoin spot prices, fund flows, and custody costs.
Tailwinds
- Largest spot bitcoin ETF liquidity and scale.
- In-kind creation/redemption mechanism.
Headwinds
- Bitcoin price decline drove large NAV and per-share losses.
- Net investment loss from fund expenses.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 7 quarterly earnings reports · overlaid with Q1 2026
+1.6%
Avg return
Earnings day
+5.2%
Avg return
5 days after
-2.6%
Avg return
30 days after
57%
4 / 7 earnings
Positive
+10.9%
Q2 2024
Best reaction
-1.8%
Q1 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.7% | -0.9% | -26.1% | |
| Q3 2025 | +3.0% | +5.3% | -11.4% | |
| Q2 2025 | -1.0% | +1.4% | -4.4% | |
| Q1 2025 | +1.3% | +7.2% | +9.8% | |
| Q3 2024 | +0.7% | +17.6% | +33.2% | |
| Q2 2024 | +10.9% | +11.1% | -2.5% | |
| Q1 2024 | -1.8% | -5.1% | -17.0% |
Discussion
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