CoinShares (CSHR) Invested Capital (2023 - 2025)

CoinShares' Invested Capital history runs 3 years deep, the most recent figure standing at -$1.4 million for Q4 2025.

• In Q4 2025, Invested Capital fell 109.43% year-over-year to -$1.4 million; the TTM figure through Dec 2025 stood at -$1.4 million (down 109.43% YoY), while the FY2025 annual figure was -$1.4 million, down 109.43% from the prior year.
• Invested Capital was -$1.4 million for Q4 2025 at CoinShares, down from $15.0 million in the prior quarter.
• In the past five years, Invested Capital ranged from a high of $227.3 million in Q4 2023 to a low of -$1.4 million in Q4 2025.
• Historically, Invested Capital has averaged $80.3 million across 3 years, with a median of $15.0 million in 2024.
• The sharpest annual moves came in 2024 and 2025: Invested Capital sank 93.42% in 2024, then sank 109.43% in 2025.
• A 3-year view of Invested Capital shows it stood at $227.3 million in 2023, then tumbled by 93.42% to $15.0 million in 2024, then tumbled by 109.43% to -$1.4 million in 2025.
• The last three Invested Capital figures came in at -$1.4 million (Q4 2025), $15.0 million (Q4 2024), and $227.3 million (Q4 2023), per Business Quant data.