Coincheck (CNCK) Operating Expenses (2023 - 2026)
Coincheck's (CNCK) quarterly Operating Expenses came in at $711.5 million in Q2 2026, up 20.88% year-over-year from $588.6 million in Q2 2025, and down 6.52% quarter-over-quarter from $761.1 million in Q1 2026.
Analysis
Coincheck (CNCK) Operating Expenses (2023 - 2026) Analysis & Trends
Coincheck (CNCK) has reported Operating Expenses for 4 consecutive years, with $711.5 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Operating Expenses rose 20.88% year-over-year to $711.5 million in Q2 2026; TTM through Jun 2026 was $3.3 billion, a 25.39% increase from a year earlier, with the FY2026 full-year figure at $3.0 billion, up 20.2% from the prior year.
- Operating Expenses was $711.5 million for Q2 2026 at Coincheck, down from $761.1 million in the prior quarter.
- Over five years, Operating Expenses peaked at $913.0 million in Q4 2025 and troughed at $395.9 million in Q4 2023.
- A 4-year average of $676.6 million and a median of $711.5 million in 2026 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 100.23% in 2024 and retreated 0.43% in 2026, its largest moves.
- Over 4 years, Operating Expenses stood at $395.9 million in 2023, then jumped by 100.23% to $792.7 million in 2024, then gained by 15.18% to $913.0 million in 2025, then decreased by 22.07% to $711.5 million in 2026.
- The last three Operating Expenses figures came in at $711.5 million (Q2 2026), $761.1 million (Q1 2026), and $913.0 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 51.24 Bn | 42.45 Bn | 1.16 Bn | 1.33 Bn |
| 2 | Bullish | 5.78 Bn | 5.72 Bn | 15.53 Mn | -56.27 Mn |
| 3 | Cypherpunk Technologies | 663.58 Mn | 663.58 Mn | - | 4.69 Mn |
| 4 | Canton Strategic Holdings | 498.79 Mn | 498.79 Mn | - | 2.70 Mn |
| 5 | Bakkt | 387.06 Mn | 336.37 Mn | 2.21 Mn | 189.76 Mn |
| 6 | Coincheck | 264.39 Mn | 162.79 Mn | 11.20 Mn | 711.50 Mn |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - | 17,030.00 |
| 8 | Exodus Movement | 205.10 Mn | -149.98 Mn | - | 44.71 Mn |
| 9 | Usbc | 197.95 Mn | 194.29 Mn | - | 28.10 Mn |
| 10 | TON Strategy | 191.64 Mn | 191.61 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 711.50 Mn |
| Mar 31, 2026 | 761.10 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 |