Coincheck (CNCK) Operating Expenses (2023 - 2026)

Coincheck (CNCK) posted quarterly Operating Expenses of $772.1 million for Q1 2026, up 1.01% year-over-year from $764.4 million in Q1 2025, and down 15.43% quarter-over-quarter from $913.0 million in Q4 2025.

Coincheck (CNCK) Operating Expenses (2023 - 2026) Analysis & Trends

Coincheck (CNCK) has reported Operating Expenses for 4 consecutive years, with $772.1 million the latest figure, recorded in Q1 2026.

  • In Q1 2026, Operating Expenses rose 1.01% year-over-year to $772.1 million; the TTM figure through Mar 2026 stood at $3.2 billion (up 26.38% YoY), while the FY2026 annual figure was $3027.8, down 100.0% from the prior year.
  • Operating Expenses retreated to $772.1 million in Q1 2026 per CNCK's latest filing, from $913.0 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $913.0 million in Q4 2025 and bottomed at $395.9 million in Q4 2023.
  • Historically, Operating Expenses has averaged $674.2 million across 4 years, with a median of $716.2 million in 2024.
  • Annual changes were most pronounced in 2024 — Operating Expenses surged 100.23% — and 2026, when it gained 1.01%.
  • Coincheck's Operating Expenses stood at $395.9 million in 2023, then soared by 100.23% to $792.7 million in 2024, then climbed by 15.18% to $913.0 million in 2025, then slipped by 15.43% to $772.1 million in 2026.
  • Business Quant data shows CNCK's Operating Expenses at $772.1 million in Q1 2026, $913.0 million in Q4 2025, and $896.1 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 338.83 Bn 205.30 Bn - 13.90 Bn
2 Goldman Sachs 316.34 Bn -660.01 Bn - 11.67 Bn
3 Schwab Charles 220.55 Bn 135.80 Bn - 3.29 Bn
4 Futu Holdings 121.48 Bn 105.59 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 84.07 Bn 66.74 Bn 1.20 Bn 734.00 Mn
6 Iren 68.17 Bn 65.95 Bn 104.86 Mn 81.75 Mn
7 ATIF Holdings 45.42 Bn 45.42 Bn - -
8 Interactive Brokers 39.54 Bn -3.28 Bn - 381.00 Mn
9 LPL Financial Holdings 28.27 Bn 25.57 Bn - 4.67 Bn
10 Coincheck 296.93 Mn -82.36 Mn -8.88 Mn 772.12 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 772.12 Mn
Dec 31, 2025 913.00 Mn
Sep 30, 2025 896.10 Mn
Jun 30, 2025 588.60 Mn
Mar 31, 2025 764.40 Mn
Dec 31, 2024 792.70 Mn
Sep 30, 2024 471.46 Mn
Jun 30, 2024 479.58 Mn
Mar 31, 2024 668.00 Mn
Dec 31, 2023 395.89 Mn