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 | 333.21 Bn | 173.07 Bn | - | 13.90 Bn |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | 11.67 Bn |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | 3.40 Bn |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 734.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | 440.00 Mn |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | 4.67 Bn |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | 313.68 Mn |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 254.49 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | -200.78 Mn |
| 10 | Coincheck | 360.08 Mn | 258.18 Mn | 11.20 Mn | 711.50 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |