Coincheck (CNCKW) Cost of Revenue (2023 - 2026)
Coincheck (CNCKW) posted quarterly Cost of Revenue of $744.7 million for Q1 2026, up 0.54% YoY from $740.7 million in Q1 2025, and down 16.36% sequentially from $890.4 million in Q4 2025.
Coincheck (CNCKW) Cost of Revenue (2023 - 2026) Analysis & Trends
Coincheck has disclosed Cost of Revenue across 4 years of filings, most recently posting $744.7 million for 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 eased to $744.7 million in Q1 2026, from $890.4 million in the prior quarter.
- Over the last five years, Cost of Revenue for CNCKW reached as high as $890.4 million in Q4 2025 and fell as low as $384.8 million in Q4 2023.
- The 4-year median for Cost of Revenue is $697.5 million (2024), against an average of $652.6 million.
- Annual changes were most pronounced in 2024 — Cost of Revenue soared 95.37% — and 2026, when it increased 0.54%.
- A 4-year view of Cost of Revenue shows it stood at $384.8 million in 2023, then surged by 95.37% to $751.8 million in 2024, then rose by 18.44% to $890.4 million in 2025, then slipped by 16.36% to $744.7 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $744.7 million, $890.4 million, and $873.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 65.09 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 107.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 6.62 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 39,000.00 |
| 10 | Coincheck | - | - | 12.80 | 734.10 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 734.10 |
| Mar 31, 2026 | 734.10 |
| 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 |