Coincheck (CNCK) Operating Expenses (2023 - 2026)

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

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

Coincheck has disclosed Operating Expenses across 4 years of filings, most recently posting $772.1 million for 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, up 20.2% from the prior year.
  • Operating Expenses fell to $772.1 million in Q1 2026, from $913.0 million in the prior quarter.
  • Over the last five years, Operating Expenses for CNCK reached as high as $913.0 million in Q4 2025 and fell as low as $395.9 million in Q4 2023.
  • The 4-year median for Operating Expenses is $716.2 million (2024), against an average of $674.2 million.
  • Annual changes were most pronounced in 2024 — Operating Expenses surged 100.23% — and 2026, when it gained 1.01%.
  • A 4-year view of Operating Expenses shows it stood at $395.9 million in 2023, then surged by 100.23% to $792.7 million in 2024, then advanced by 15.18% to $913.0 million in 2025, then decreased by 15.43% to $772.1 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $772.1 million, $913.0 million, and $896.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Morgan Stanley 330.70 Bn 197.17 Bn - 13.47 Bn
2 Goldman Sachs 309.79 Bn -627.76 Bn - 10.43 Bn
3 Schwab Charles 167.21 Bn 122.24 Bn - 3.29 Bn
4 Futu Holdings 111.36 Bn 109.19 Bn 733.58 Mn -200.78 Mn
5 Robinhood Markets 97.69 Bn 93.05 Bn 960.00 Mn 656.00 Mn
6 LPL Financial Holdings 23.49 Bn 22.47 Bn - 4.45 Bn
7 Tradeweb Markets 21.59 Bn 20.34 Bn - 330.51 Mn
8 Circle Internet 15.14 Bn 13.62 Bn 35.01 Mn 242.35 Mn
9 Iren 14.46 Bn 12.24 Bn 144.76 Mn 81.75 Mn
10 Coincheck 288.79 Mn 288.79 Mn 12.80 761.10

Historic Data

Download Data
DateValue
Mar 31, 2026 761.10
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