Coincheck (CNCK) Cost of Revenue (2023 - 2026)
Coincheck (CNCK) posted quarterly Cost of Revenue of $744.7 million for Q1 2026, up 0.54% year-over-year from $740.7 million in Q1 2025, and down 16.36% quarter-over-quarter from $890.4 million in Q4 2025.
Coincheck (CNCK) Cost of Revenue (2023 - 2026) Analysis & Trends
Coincheck (CNCK) has reported Cost of Revenue for 4 consecutive years, with $744.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Cost of Revenue rose 0.54% year-over-year to $744.7 million; the TTM figure through Mar 2026 stood at $3.1 billion (up 27.25% YoY), while the FY2026 annual figure was $2936.7, down 100.0% from the prior year.
- Cost of Revenue declined to $744.7 million in Q1 2026 per CNCK's latest filing, from $890.4 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $890.4 million in Q4 2025 and bottomed at $384.8 million in Q4 2023.
- Historically, Cost of Revenue has averaged $652.6 million across 4 years, with a median of $697.5 million in 2024.
- Annual changes were most pronounced in 2024 — Cost of Revenue soared 95.37% — and 2026, when it increased 0.54%.
- Coincheck's Cost of Revenue stood at $384.8 million in 2023, then soared by 95.37% to $751.8 million in 2024, then gained by 18.44% to $890.4 million in 2025, then dropped by 16.36% to $744.7 million in 2026.
- Business Quant data shows CNCK's Cost of Revenue at $744.7 million in Q1 2026, $890.4 million in Q4 2025, and $873.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 104.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | - |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 412.47 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 93.63 Mn |
| 10 | Coincheck | 360.08 Mn | 258.18 Mn | 11.20 Mn | 685.10 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 744.70 Mn |
| Mar 31, 2026 | 744.70 Mn |
| Dec 31, 2025 | 890.40 Mn |
| Dec 31, 2025 | 890.40 Mn |
| Sep 30, 2025 | 873.30 Mn |
| Sep 30, 2025 | 873.30 Mn |
| Jun 30, 2025 | 563.80 Mn |
| Jun 30, 2025 | 563.80 Mn |
| Mar 31, 2025 | 740.70 Mn |
| Mar 31, 2025 | 740.70 Mn |
| Dec 31, 2024 | 751.80 Mn |
| Dec 31, 2024 | 751.80 Mn |
| Sep 30, 2024 | 458.06 Mn |
| Sep 30, 2024 | 458.06 Mn |
| Jun 30, 2024 | 463.69 Mn |
| Jun 30, 2024 | 463.69 Mn |
| Mar 31, 2024 | 654.32 Mn |
| Mar 31, 2024 | 654.32 Mn |
| Dec 31, 2023 | 384.81 Mn |
| Dec 31, 2023 | 384.81 Mn |