Hi All,
This is a thread where all Index Coop’s monthly financial reports are to be published. We encourage everyone to read the reports and share your thoughts in the comments below.
Thank you for taking the time to read the reports and following the success of the community.
@Finance.Nest
Current Contributors: @Matthew_Graham, @ElliottWatts, @prairiefi, @Ahuja and @Hammad1412
Past Contributors: @AcceleratedCapital 
I am excited to present the very first Index Coop Financial Report. Over time each subsequent report is going to capture our progress on the path to $1B AUM and beyond.
DPI is a fantastic product and the income it generates is a real value creator for Index Coop.
As we continue to dominate the index fund management, the future for Index Coop could not be brighter. Index Coop is the market leader within the ethereum community and will continue to be so for time to come.
Many thanks goes out to all those within the community. In such a short amount of time, we have achieved so much together and what a fantastic journey it will continue to be.
Please do drop a comment below and let us know what you think.
Link to original post here.
Author: @Matthew_Graham
I am pleased to present Index Coop’s March - May 2021 Financial Report and a long form article was published via substack.
Index Coop continues to see strong month on month revenue growth with ETH2x-FLI revenue surpassing DPI’s contributions to be the main revenue earner during the month of May.
Index Coop continues to dominate the index fund management space and the future for Index Coop could not be brighter. Index Coop is the market leader within the ethereum community and continues to release market leading products.
Many thanks goes out to all those within the community. In such a short amount of time, together we have achieved so much and what a fantastic journey we are on.
Please do drop a comment below and let us know what you think.
Index Coop - Treasury Report March-May 2021 .pdf (427.4 KB)
Substack: Index Coop Financial Report - May 2021
Original forum post: Index Coop - MAR - MAY 2021 Treasury Report
Author: @Matthew_Graham @ElliottWatts
I am pleased to present Index Coop’s June 2021 Financial Report. As June marks the end of Q3, Index Coop’s first quarterly report will be published in later in the month. 
Index Coop continues to see strong month on month revenue growth with ETH2x-FLI revenue surpassing DPI’s contributions to be the main revenue earner during the month of May.
Key Takeaway:
Many thanks goes out to all those within the community who helped pull this together.
Please do drop a comment below and let us know what you think.
Index Coop - Treasury Report - June 2021.pdf (335.8 KB)
Original forum post: Index Coop - June 2021 Financial Report
Author: @Matthew_Graham, @ElliottWatts and @prairiefi
I am pleased to present Index Coop’s July 2021 Financial Report. At the end of July the Index Coop treasury has a market value of $57.67M, of which 85.1% is INDEX tokens.
Key Takeaways:
For those that want to go deep into the July numbers, please read the medium article here.
Many thanks goes out to all those within the community who helped pull this together.
Please do drop a comment below and let us know what you think.
Index Coop - Treasury Report - July 2021.pdf (275.7 KB)
Medium: Index Coop July 2021 Financial report | by Elliott Watts | The Index Coop | Medium
Original forum post: Index Coop - July Financial Report
Author: @Matthew_Graham, @ElliottWatts and @prairiefi.
I am pleased to present Index Coop’s August 2021 one-page Financial Report and the longer form deep dive article which has been posted on medium - link here .
At the end of August, the Index Coop treasury has a market value of $85.3M, of which 90% are INDEX tokens.
Key Takeaways
*Index Coop at a gross profit level experienced its first profitable month a direct result of reduced LM incentives on DPI. ETH 2x-FLI stole the show generating fees of $348k alone.
Please do drop a comment below and let us know what you think.
Index Coop - Treasury Report - August 2021.pdf (262.0 KB)
Original forum post: Index Coop - August 2021 Financial Reports
Authors: @ElliottWatts, @prairiefi, @AcceleratedCapital and @Matthew_Graham.
The TWG is pleased to present the Index Coop’s September 2021 one-page Financial Report.
At the end of September, the Index Coop treasury has a market value of $69.9M, of which 89.1% are INDEX tokens.
Key Takeaways
Index Coop at a gross profit level experienced its second profitable month as a result of no LM incentives on DPI. ETH 2x-FLI continued to be the best performing product totaling $322.3k 64% of total revenue generated for September.
The TWG is also excited to provide the community with the annual financial accounts which we are hoping to release next week, this will include full financial statements and a deep dive video on the success’ over the last year.
Please do drop a comment below and let us know what you think.
Index Coop - September 2021 one pager.pdf (239.1 KB)
Original forum post: Index Coop - September 2021 Financial Report
Authors: @prairiefi, @ElliottWatts, @AcceleratedCapital, @Ahuja, @Matthew_Graham
The Finance Nest is pleased to present the Index Coop’s October 2021 one-page Financial Report.
We have also prepared a longer deep-dive article which will be published to medium shortly (we will update this link when published)
At the end of September, the Index Coop treasury has a market value of $51.9m, of which 75.96% are INDEX tokens.
Key Takeaways
The DAO at a gross profit level experienced its 3rd consecutive profitable month as a result of no LM incentives on DPI or MVI. ETH 2x-FLI continued to be the best performing product totaling $393k, 63% of total revenue generated for October.
The Finance Nest is constantly working to level up our financial reporting and key investor relations documents.
Please do drop a comment below and let us know what you think. Along with and further insights you wish to see in the future.
Index_Coop - Treasury Report - October 2021.pdf (245.9 KB)
Original Post: Index Coop - October 21 Financial report
Authors: @Ahuja, @ElliottWatts, @prairiefi, @Matthew_Graham, @Hammad1412
The Finance Nest is pleased to present the Index Coop’s November 2021 one-page Financial Report.
We have also prepared a longer deep-dive article which will be published to medium shortly (we will update this link when published)
At the end of November, the Index Coop treasury has a market value of $45.5m, of which 71.45% are INDEX tokens.
Key Takeaways
Index Coop at a gross profit level experienced its 4th consecutive profitable month as a result of no LM incentives on DPI or MVI. ETH 2x-FLI continued to be the best performing product totaling $498k, 69% of total revenue generated for November.
The F.Nest is constantly working to level up our financial reporting and key investor relations documents.
Please do drop a comment below and let us know what you think. Along with and further insights you wish to see in the future.
Index Coop - Treasury Report - November 2021 - Glossy V3.pdf (439.9 KB)
Original forum post: Index Coop - November 21 Financial Report
Authors: @ElliottWatts, @prairiefi @Ahuja, @Matthew_Graham, @Hammad1412
Finance Nest is pleased to present the Index Coop’s December 2021 one-pager Financial Report.
At the end of calendar year 2021, Index Coop held $43.35M, of which 71.59% are INDEX tokens.
Key Takeaways
Gross Profits is continuing to trend higher, but seen a notable pull back compared to a stellar November performance. The Finance Nest made its first deployment of funds, depositing near on $400K into the new Balancer Boosted Pools.
Please do drop a comment below and let us know what you think. Along with and further insights you wish to see in the future.
Index Coop - Treasury Report - December 2021 - Glossy.pdf (265.4 KB)
Authors: @Matthew_Graham @ElliottWatts @Hammad1412 @prairiefi and @Ahuja
I can see why product launches are such a high priority, we have a 90% revenue concentration from two products. Does the finance nest view this as a risk? With experience in a traditional business setting, if we had a 90% customer concentration we would view that as a huge problem. Does product concentration apply in the same manner, or are there other metrics that make this situation different?
Hi @asira,
Yes, Finance Nest does consider the concentration of revenue a risk. Our revenue dips when the ETH prices dips, so if market conditions turn, it is fair to assume revenue will turn as well. This risk is further compound with protocol liquidity as this centres around high vol assets. We are very much running a barbel strategy, lots of risk on assets and then very risk off assets to try balance it out.
The work @ChrisG, @afromac and @allen are doing with launching the first inverse FLI products will help reduce this risk profile. See forum post: IIP-119: Launch iMATIC, iETH, BTC2X, iBTC FLIs on Polygon. We can definitely do with a broader range of product offering and a more evenly distributed revenue base. We are fortunate to have two really strong products and to be growing out the capability to have many more.
Finance nest is pleased to present to you the Index Coop’s Q4 financial review. Within this review, we take a high-level look at the financial performance to date, coupled with a review of our Q1 2022 forecasts along with a summary of budget vs actuals.
Please do provide us with feedback on what you would like to see analyzed in our next iteration of this report.
Authors: @ElliottWatts , @Hammad1412 and @Matthew_Graham
Finance nest is pleased to present to you the Index Coop’s January financial review on Medium. This takes a deep dive into Januarys’ performance and also provides an overview of our P/L, Balance sheet and N$F statement. Please do let us know what you would like to see analyzed in the next iteration.
Hi Elliott,
Next month, would it be possible to show the monthly P/L by project?
Cheers,
JK
We can absolutely provide a breakdown by product. We will incorporate this next month.
Finance Nest is pleased to share the Index Coop’s January 2022 one-pager Financial Report.
At the end of January 2022, Index Coop held $29.6M, of which approximately 67% are INDEX tokens.
Summary
January was a tough month where streaming fee revenue and TVL shrunk by ~ 50%. Operational expenses continue to be the most significant influence on overall profitability. However, with multiple product launches and the overall crypto market showing signs of stabilization, our monthly revenue and profitability are expected to reverse the MoM downtrend of the last couple of months and come back strong.
Index Coop - Treasury Report - January 2022 Glossy.pdf (268.7 KB)
Contributors: @Ahuja @prairiefi @ElliottWatts @Matthew_Graham & @Hammad1412
Finance nest is pleased to present to you the Index Coop’s February financial review on Medium. This takes a deep dive into February’s’ performance and also provides an overview of our P/L, Balance sheet and N$F statement. Please do let us know what you would like to see analyzed in the next iteration.
Any update on providing profit/loss by product?
Finance Nest is pleased to share the Index Coop’s February 2022 one-pager Financial Report.
At the end of February 2022, Index Coop held $25.79 M, of which approximately 65% are INDEX tokens.
Key Takeaways
Authors: @Ahuja, @prairiefi @ElliottWatts @Matthew_Graham @Hammad1412
