Coincheck CNCK
NASDAQ CNCK
$1.95 +0.05 (+2.63%)
At close: Sep 18, 2026 · 4:00 PM EDT

Coincheck (CNCK) Cost of Revenue (2023 - 2026)

Coincheck's (CNCK) quarterly Cost of Revenue came in at $685.1 million in Q2 2026, up 21.51% year-over-year from $563.8 million in Q2 2025, and down 6.67% quarter-over-quarter from $734.1 million in Q1 2026.

Analysis

Coincheck (CNCK) Cost of Revenue (2023 - 2026) Analysis & Trends

Coincheck (CNCK) has reported Cost of Revenue for 4 consecutive years, with $685.1 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Cost of Revenue rose 21.51% year-over-year to $685.1 million in Q2 2026; TTM through Jun 2026 was $3.2 billion, a 26.59% increase from a year earlier, with the FY2026 full-year figure at $2.9 billion, up 21.14% from the prior year.
  • Cost of Revenue was $685.1 million for Q2 2026 at Coincheck, down from $734.1 million in the prior quarter.
  • Over five years, Cost of Revenue peaked at $890.4 million in Q4 2025 and troughed at $384.8 million in Q4 2023.
  • A 4-year average of $654.6 million and a median of $685.1 million in 2026 frame the typical range for Cost of Revenue.
  • Across the five-year window, Cost of Revenue surged 95.37% in 2024 and declined 0.89% in 2026, its largest moves.
  • Over 4 years, Cost of Revenue stood at $384.8 million in 2023, then jumped by 95.37% to $751.8 million in 2024, then increased by 18.44% to $890.4 million in 2025, then dropped by 23.06% to $685.1 million in 2026.
  • The last three Cost of Revenue figures came in at $685.1 million (Q2 2026), $734.1 million (Q1 2026), and $890.4 million (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 Coinbase Global 51.24 Bn 42.45 Bn 1.16 Bn 59.69 Mn
2 Bullish 5.78 Bn 5.72 Bn 15.53 Mn 32.57 Bn
3 Cypherpunk Technologies 663.58 Mn 663.58 Mn - -
4 Canton Strategic Holdings 498.79 Mn 498.79 Mn - -
5 Bakkt 387.06 Mn 336.37 Mn 2.21 Mn 167.94 Mn
6 Coincheck 264.39 Mn 162.79 Mn 11.20 Mn 685.10 Mn
7 Wewards 214.97 Mn 214.97 Mn - -
8 Exodus Movement 205.10 Mn -149.98 Mn - -
9 Usbc 197.95 Mn 194.29 Mn - -
10 TON Strategy 191.64 Mn 191.61 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 685.10 Mn
Mar 31, 2026 734.10 Mn
Dec 31, 2025 890.40 Mn
Sep 30, 2025 873.30 Mn
Jun 30, 2025 563.80 Mn
Mar 31, 2025 740.70 Mn
Dec 31, 2024 751.80 Mn
Sep 30, 2024 458.06 Mn
Jun 30, 2024 463.69 Mn
Mar 31, 2024 654.32 Mn
Dec 31, 2023 384.81 Mn