Shareholder returns
- Dividends have been paid for 4 consecutive years, consuming 45.2% of earnings.
- The dividend has grown 79.7% per year over the past 5 years.
UDN Financials INVESCO DB US DOLLAR INDEX BEARISH FUND
15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key annual figures
| FY | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| 2025 | — | $9M | — | — | 6.5% | 6.5% | — | — | $0 |
| 2024 | — | -$3M | — | — | -6.8% | -6.7% | — | — | $0 |
| 2023 | — | $2M | — | — | 3.7% | 3.7% | — | — | $0 |
| 2022 | — | -$2M | — | — | -2.0% | -2.0% | — | — | $564412 |
| 2021 | — | -$6M | — | — | -11.4% | -11.4% | — | — | $0 |
| 2020 | — | $4M | — | — | 4.4% | 4.4% | — | — | $273842 |
| 2019 | — | -$438732 | — | — | -1.1% | -0.9% | — | — | $74484 |
| 2018 | — | -$2M | — | — | -7.4% | -7.3% | — | — | — |
| 2017 | — | $4M | — | — | 9.0% | 9.0% | — | — | — |
| 2016 | — | -$1M | — | — | -4.5% | -4.5% | — | — | — |
| 2015 | — | -$4M | — | — | -10.0% | -9.0% | — | — | — |
| 2014 | — | -$7M | — | — | -17.1% | -16.7% | — | — | — |
| 2013 | — | -$1M | — | — | -1.8% | -1.6% | — | — | — |
| 2012 | — | $779830 | — | — | 0.8% | 0.8% | — | — | — |
| 2011 | — | $12303 | — | — | 0.0% | 0.0% | — | — | — |
Net income
ROEROA
Equity
Free cash flow
CashTotal debt
OperatingInvestingFinancing
Key quarterly figures
| Quarter | Revenue | Net income | Gross M | Op M | ROE | ROA | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|---|---|
| Jun '26 | — | -$433282 | — | — | -0.4% | -0.4% | — | — | $0 |
| Mar '26 | — | -$2M | — | — | -1.6% | -1.6% | — | — | $0 |
| Dec '25 | — | -$516437 | — | — | -0.4% | -0.4% | — | — | $0 |
| Sep '25 | — | -$745604 | — | — | -0.5% | -0.5% | — | — | $0 |
| Jun '25 | — | $8M | — | — | 5.3% | 5.3% | — | — | $0 |
| Mar '25 | — | $2M | — | — | 3.4% | 3.4% | — | — | $0 |
| Dec '24 | — | -$5M | — | — | -9.1% | -9.1% | — | — | $0 |
| Sep '24 | — | $3M | — | — | 4.7% | 4.1% | — | — | $0 |
| Jun '24 | — | -$259579 | — | — | -0.5% | -0.5% | — | — | $0 |
| Mar '24 | — | -$2M | — | — | -2.5% | -2.5% | — | — | $0 |
| Dec '23 | — | $3M | — | — | 5.3% | 5.3% | — | — | $0 |
| Sep '23 | — | -$2M | — | — | -2.8% | -2.8% | — | — | $0 |
| Jun '23 | — | -$63302 | — | — | -0.1% | -0.1% | — | — | $0 |
| Mar '23 | — | $781613 | — | — | 1.0% | 1.0% | — | — | $0 |
| Dec '22 | — | $7M | — | — | 6.7% | 6.7% | — | — | $564412 |
| Sep '22 | — | -$4M | — | — | -6.8% | -6.8% | — | — | $0 |
| Jun '22 | — | -$3M | — | — | -5.9% | -5.9% | — | — | $0 |
| Mar '22 | — | -$1M | — | — | -3.2% | -3.2% | — | — | $0 |
| Dec '21 | — | -$1M | — | — | -2.3% | -2.3% | — | — | $0 |
| Sep '21 | — | -$1M | — | — | -2.4% | -2.4% | — | — | $0 |
Valuation over time
How the market has priced UDN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
- The price-to-earnings ratio has fallen from 45.2× (Jan '24) to 12.2× (Sep '26).
- The dividend yield has risen from 0.6% (Mar '23) to 3.7% (Sep '26).
P/E
Dividend yield %
Frequently asked questions
Is UDN growing its revenue and profit?
See the revenue and net-income charts above for INVESCO DB US DOLLAR INDEX BEARISH FUND's multi-year trend.
How much debt does UDN have?
As of FY2025, INVESCO DB US DOLLAR INDEX BEARISH FUND reported — of total debt against $0 of cash.
What is UDN's profit margin?
In FY2025, gross margin was —, operating margin —, and net margin —.
What is UDN's P/E ratio?
As of Sep '26, INVESCO DB US DOLLAR INDEX BEARISH FUND traded at a price-to-earnings ratio of about 12.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E and dividend yield have moved with the share price. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.