Franklin XRP Trust Posts $28.6M Net Loss in First Month of Operations
Franklin XRP Trust reported a net loss of $28.6 million for the period from November 24 through December 31, 2025, its first reporting period since inception.
Franklin XRP Trust reported a net loss of $28.6 million for the 38-day period ending December 31, 2025, the newly formed Delaware trust's first financial results since commencing operations in late November. Read more earnings reports.
The trust held total assets of $220.3 million as of December 31, entirely composed of digital assets. The trust reported zero cash on hand at period end.
Total liabilities stood at $3.9 million, leaving stockholders' equity at $244.8 million as of December 31. That compared to stockholders' equity of just $2.2 million at inception on November 23, reflecting capital inflows during the period.
Cash used in operations totaled $98.2 million for the reporting period, offset by $98.2 million in cash from financing activities. The financing inflows left the trust with no net change in its cash position.
The trust had 14.25 million shares outstanding as of December 31. Total liabilities represented 1.8% of total assets at period end.
| Financial Metric | Amount (As of or For Period Ending Dec 31, 2025) |
|---|---|
| Net Loss | ($28,649,503) |
| Total Assets | $220,324,772 |
| Total Liabilities | $3,948,570 |
| Stockholders' Equity | $244,809,834 |
| Cash from Operations | ($98,202,651) |
| Cash from Financing | $98,202,651 |
| Shares Outstanding | 14,250,000 |
Franklin XRP Trust is structured as a digital asset trust vehicle incorporated in Delaware. The reporting period covered November 24 through December 31, 2025, representing the trust's initial operating period.