Coincheck (CNCKW) Operating Expenses (2023 - 2026)
Coincheck (CNCKW) 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 (CNCKW) 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 CNCKW 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 | - | - | 12.80 | 761.10 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |