United States Brent Oil Fund (BNO) Change in Cash (2012 - 2026)
United States Brent Oil Fund's (BNO) quarterly Change in Cash came in at -$362.6 million in Q2 2026, down 1779.15% on a YoY basis from $21.6 million in Q2 2025, and down 142.65% quarter-over-quarter from $850.2 million in Q1 2026.
Analysis
United States Brent Oil Fund (BNO) Change in Cash (2012 - 2026) Analysis & Trends
United States Brent Oil Fund (BNO) has reported Change in Cash for 15 consecutive years, with -$362.6 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Change in Cash fell 1779.15% year-over-year to -$362.6 million; the trailing twelve-month figure through Jun 2026 stood at $471.5 million (up 3930.3% YoY), and the FY2025 full-year result was -$13.7 million, up 28.17% from the prior year.
- Change in Cash fell to -$362.6 million in Q2 2026 per BNO's latest filing, from $850.2 million in the prior quarter.
- Across five years, Change in Cash topped out at $850.2 million in Q1 2026 and bottomed at -$362.6 million in Q2 2026.
- Historically, Change in Cash has averaged $20.9 million across 5 years, with a median of -$5.3 million in 2024.
- The sharpest annual moves came in 2025 and 2026: Change in Cash slumped 2793.34% in 2025, then surged 4520.58% in 2026.
- Over 5 years, Change in Cash stood at $9.5 million in 2022, then sank by 521.2% to -$39.9 million in 2023, then slumped by 170.59% to -$107.9 million in 2024, then surged by 94.92% to -$5.5 million in 2025, then slumped by 6511.74% to -$362.6 million in 2026.
- According to Business Quant data, Change in Cash over the past three periods registered -$362.6 million, $850.2 million, and -$5.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 169.89 Bn | 156.02 Bn | - | 651.00 Mn |
| 2 | Spdr Gold Trust | 144.81 Bn | -413.20 Bn | - | - |
| 3 | Ishares Gold Trust | 30.30 Bn | -29.81 Bn | - | - |
| 4 | World Gold Trust | 29.28 Bn | -73.79 Bn | - | - |
| 5 | Principal Financial | 24.84 Bn | -28.13 Bn | 1.91 Bn | 1.21 Bn |
| 6 | iShares Silver Trust | 22.15 Bn | -6.05 Bn | - | - |
| 7 | Franklin Resources | 17.84 Bn | 14.12 Bn | - | 191.90 Mn |
| 8 | Invesco | 14.63 Bn | 13.72 Bn | 1.79 Bn | -91.90 Mn |
| 9 | Affiliated Managers | 9.51 Bn | 9.10 Bn | - | 37.10 Mn |
| 10 | United States Brent Oil Fund | 920.37 Mn | 525.94 Mn | - | -362.61 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -362.61 Mn |
| Mar 31, 2026 | 850.22 Mn |
| Dec 31, 2025 | -5.48 Mn |
| Sep 30, 2025 | -10.61 Mn |
| Jun 30, 2025 | 21.59 Mn |
| Mar 31, 2025 | -19.23 Mn |
| Dec 31, 2024 | -107.92 Mn |
| Sep 30, 2024 | 93.24 Mn |
| Jun 30, 2024 | -5.16 Mn |
| Mar 31, 2024 | 714,099.00 |
| Dec 31, 2023 | -39.88 Mn |
| Sep 30, 2023 | 8.15 Mn |
| Jun 30, 2023 | -61.63 Mn |
| Mar 31, 2023 | 5.18 Mn |
| Dec 31, 2022 | 9.47 Mn |
| Sep 30, 2022 | -72.35 Mn |
| Jun 30, 2022 | -8.87 Mn |
| Mar 31, 2022 | 80.90 Mn |
| Dec 31, 2021 | -22.78 Mn |
| Sep 30, 2021 | -80.80 Mn |