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
DateValue
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