Free Trial
→ What is “gold skimming”? (From Brownstone Research) (Ad)tc pixel Free CSHR Stock Alerts

CoinShares (CSHR) Financials

$6.22 +0.11 (+1.80%)
As of 05/13/2026 04:00 PM Eastern
Compare
Annual Income Statements for CoinShares

Annual Income Statements for CoinShares

This table shows CoinShares' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 76 162 114
Consolidated Net Income / (Loss)		 76 162 114
Net Income / (Loss) Continuing Operations		 76 162 114
Total Pre-Tax Income 		76 163 115
Total Operating Income		 61 125 127
Total Gross Profit		 67 117 127
Total Revenue		 88 156 166
Operating Revenue		 88 156 166
Total Cost of Revenue		 20 39 39
Operating Cost of Revenue		 20 37 40
Other Cost of Revenue		 0.00 1.90 -1.14
Total Operating Expenses		 47 14 -180
Selling, General & Admin Expense		 8.13 10 16
Marketing Expense		 3.22 5.47 5.29
Depreciation Expense		 3.99 3.02 3.14
Other Operating Expenses / (Income)		 31 -17 -208
Other Special Charges / (Income)		 1.26 12 2.84
Total Other Income / (Expense), net		 57 61 -192
Interest Expense		 8.51 11 7.80
Interest & Investment Income		 24 9.42 0.22
Other Income / (Expense), net		 41 63 -185
Income Tax Expense		 0.72 0.94 0.45
Basic Earnings per Share		 $1.13 $2.44 $1.74
Weighted Average Basic Shares Outstanding		 67.28M 66.54M 65.83M
Diluted Earnings per Share		 $1.10 $2.42 $1.74
Weighted Average Diluted Shares Outstanding		 68.97M 67.12M 65.83M

Quarterly Income Statements for CoinShares

No quarterly income statements for CoinShares are available.

Annual Cash Flow Statements for CoinShares

This table details how cash moves in and out of CoinShares' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 0.00 -48 153
Net Cash From Operating Activities		 0.00 17 124
Net Cash From Continuing Operating Activities		 0.00 17 124
Net Income / (Loss) Continuing Operations		 0.00 162 114
Consolidated Net Income / (Loss)		 - 162 114
Depreciation Expense		 - 3.02 3.14
Non-Cash Adjustments To Reconcile Net Income		 0.00 307 78
Changes in Operating Assets and Liabilities, net		 0.00 -455 -72
Net Cash From Investing Activities		 0.00 3.09 -6.56
Net Cash From Continuing Investing Activities		 0.00 3.09 -6.56
Purchase of Property, Plant & Equipment		 0.00 -0.23 -0.34
Acquisitions		 0.00 -0.43 0.00
Purchase of Investments		 - -0.06 -4.50
Sale of Property, Plant & Equipment		 - 0.08 0.00
Divestitures		 - 0.00 0.00
Sale and/or Maturity of Investments		 - 5.22 0.00
Other Investing Activities, net		 - -1.49 -1.72
Net Cash From Financing Activities		 0.00 -44 -41
Net Cash From Continuing Financing Activities		 0.00 -68 35
Repayment of Debt		 - -2.77 0.00
Repurchase of Common Equity		 0.00 -0.34 -11
Payment of Dividends		 0.00 -42 -25
Issuance of Common Equity		 0.00 0.27 -5.55
Other Financing Activities, net		 0.00 -23 77
Cash Interest Paid		 0.00 19 9.48
Cash Income Taxes Paid		 0.00 0.97 0.67

Quarterly Cash Flow Statements for CoinShares

No quarterly cash flow statements for CoinShares are available.

Annual Balance Sheets for CoinShares

This table presents CoinShares' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2025
Period end date 12/31/2024 12/31/2025
Total Assets		 5,947 289
Total Current Assets		 5,907 250
Cash & Equivalents		 25 95
Accounts Receivable		 208 112
Prepaid Expenses		 0.91 43
Plant, Property, & Equipment, net		 0.29 0.37
Total Noncurrent Assets		 -222 39
Goodwill		 2.82 2.82
Intangible Assets		 11 12
Other Noncurrent Operating Assets		 -236 24
Total Liabilities & Shareholders' Equity		 5,947 5,443
Total Liabilities		 5,551 122
Total Current Liabilities		 5,524 4,878
Short-Term Debt		 0.00 3.15
Accounts Payable		 32 43
Accrued Expenses		 0.00 47
Other Current Liabilities		 99 1.37
Total Noncurrent Liabilities		 5,178 28
Long-Term Debt		 25 25
Other Noncurrent Operating Liabilities		 5,150 2.54
Commitments & Contingencies		 0.00 0.00
Total Equity & Noncontrolling Interests		 396 476
Total Preferred & Common Equity		 396 476
Total Common Equity		 396 476
Common Stock		 38 179
Retained Earnings		 343 280
Accumulated Other Comprehensive Income / (Loss)		 15 17

Quarterly Balance Sheets for CoinShares

No quarterly balance sheets for CoinShares are available.

Annual Metrics And Ratios for CoinShares

This table displays calculated financial ratios and metrics derived from CoinShares' official financial filings.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 0.00
DEI Adjusted Shares Outstanding		 0.00 0.00 0.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 0.00
Growth Metrics		 - - -
Revenue Growth		 0.00% 77.33% 6.52%
EBITDA Growth		 0.00% 78.95% -128.61%
EBIT Growth		 0.00% 82.97% -130.74%
NOPAT Growth		 0.00% 104.77% 1.77%
Net Income Growth		 0.00% 114.44% -29.66%
EPS Growth		 0.00% 120.00% -28.10%
Operating Cash Flow Growth		 0.00% 0.00% 615.55%
Free Cash Flow Firm Growth		 0.00% 0.00% -196.44%
Invested Capital Growth		 0.00% 0.00% 102.45%
Revenue Q/Q Growth		 0.00% 0.00% 0.00%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00%
EBIT Q/Q Growth		 0.00% 0.00% 0.00%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00%
Net Income Q/Q Growth		 0.00% 0.00% 0.00%
EPS Q/Q Growth		 0.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00%
Profitability Metrics		 - - -
Gross Margin		 76.73% 75.02% 76.72%
EBITDA Margin		 121.54% 122.65% -32.94%
Operating Margin		 69.86% 80.37% 76.65%
EBIT Margin		 116.99% 120.71% -34.84%
Profit (Net Income) Margin		 86.37% 104.44% 68.97%
Tax Burden Percent		 99.07% 99.43% 99.61%
Interest Burden Percent		 74.52% 87.02% -198.75%
Effective Tax Rate		 0.94% 0.57% 0.39%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00%
Return on Equity (ROE)		 0.00% 41.06% 26.23%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% -4,061.23%
Operating Return on Assets (OROA)		 0.00% 3.16% -1.85%
Return on Assets (ROA)		 0.00% 2.73% 3.66%
Return on Common Equity (ROCE)		 0.00% 41.06% 26.23%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 61 124 126
NOPAT Margin		 69.20% 79.91% 76.35%
Net Nonoperating Expense Percent (NNEP)		 0.00% 1.70% -0.50%
Return On Investment Capital (ROIC_SIMPLE)		 - 29.36% 25.11%
Cost of Revenue to Revenue		 23.27% 24.98% 23.28%
SG&A Expenses to Revenue		 9.26% 6.65% 9.87%
R&D to Revenue		 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 54.00% 9.07% -108.59%
Earnings before Interest and Taxes (EBIT)		 103 188 -58
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 107 191 -55
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00
Price to Revenue (P/Rev)		 0.00 0.00 0.00
Price to Earnings (P/E)		 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.00 0.07 0.06
Long-Term Debt to Equity		 0.00 0.07 0.05
Financial Leverage		 0.00 -11.37 -5.60
Leverage Ratio		 0.00 15.03 7.16
Compound Leverage Factor		 0.00 13.08 -14.23
Debt to Total Capital		 0.00% 6.53% 5.58%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.63%
Long-Term Debt to Total Capital		 0.00% 6.53% 4.96%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 93.47% 94.42%
Debt to EBITDA		 0.00 0.14 -0.52
Net Debt to EBITDA		 0.00 -0.09 1.22
Long-Term Debt to EBITDA		 0.00 0.14 -0.46
Debt to NOPAT		 0.00 0.22 0.22
Net Debt to NOPAT		 0.00 -0.14 -0.53
Long-Term Debt to NOPAT		 0.00 0.22 0.20
Altman Z-Score		 0.00 0.00 0.00
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00%
Liquidity Ratios		 - - -
Current Ratio		 0.00 1.07 0.05
Quick Ratio		 0.00 0.05 0.04
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 0.00 4,228 -4,078
Operating Cash Flow to CapEx		 0.00% 11,214.29% 36,560.65%
Free Cash Flow to Firm to Interest Expense		 0.00 372.36 -522.53
Operating Cash Flow to Interest Expense		 0.00 1.52 15.83
Operating Cash Flow Less CapEx to Interest Expense		 0.00 1.51 15.79
Efficiency Ratios		 - - -
Asset Turnover		 0.00 0.03 0.05
Accounts Receivable Turnover		 0.00 0.75 1.04
Inventory Turnover		 0.00 0.03 0.00
Fixed Asset Turnover		 0.00 540.07 506.66
Accounts Payable Turnover		 0.00 1.20 1.02
Days Sales Outstanding (DSO)		 0.00 488.15 352.52
Days Inventory Outstanding (DIO)		 0.00 11,190.13 0.00
Days Payable Outstanding (DPO)		 0.00 303.68 356.66
Cash Conversion Cycle (CCC)		 0.00 11,374.61 -4.14
Capital & Investment Metrics		 - - -
Invested Capital		 0.00 -4,104 100
Invested Capital Turnover		 0.00 -0.08 -0.08
Increase / (Decrease) in Invested Capital		 0.00 -4,104 4,204
Enterprise Value (EV)		 0.00 0.00 0.00
Market Capitalization		 0.00 0.00 0.00
Book Value per Share		 $0.00 $5.95 $7.22
Tangible Book Value per Share		 $0.00 $5.74 $7.00
Total Capital		 0.00 423 504
Total Debt		 0.00 28 28
Total Long-Term Debt		 0.00 28 25
Net Debt		 0.00 -18 -67
Capital Expenditures (CapEx)		 0.00 0.15 0.34
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 338 -4,719
Debt-free Net Working Capital (DFNWC)		 0.00 383 -4,625
Net Working Capital (NWC)		 0.00 383 -4,628
Net Nonoperating Expense (NNE)		 -15 -38 12
Net Nonoperating Obligations (NNO)		 0.00 -4,500 -375
Total Depreciation and Amortization (D&A)		 3.99 3.02 3.14
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 217.30% -2,848.50%
Debt-free Net Working Capital to Revenue		 0.00% 246.40% -2,791.36%
Net Working Capital to Revenue		 0.00% 246.40% -2,793.27%
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $1.74
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 65.83M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $1.74
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 65.83M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00
Normalized Net Operating Profit after Tax (NOPAT)		 62 137 129
Normalized NOPAT Margin		 70.63% 87.82% 78.06%
Pre Tax Income Margin		 87.18% 105.04% 69.24%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 12.06 16.53 -7.40
NOPAT to Interest Expense		 7.13 10.95 16.21
EBIT Less CapEx to Interest Expense		 12.06 16.52 -7.44
NOPAT Less CapEx to Interest Expense		 7.13 10.93 16.17
Payout Ratios		 - - -
Dividend Payout Ratio		 0.00% 25.83% 21.94%
Augmented Payout Ratio		 0.00% 26.05% 31.23%

Quarterly Metrics And Ratios for CoinShares

No quarterly metrics and ratios for CoinShares are available.


Financials Breakdown Chart

CoinShares Financials - Frequently Asked Questions

According to the most recent income statement we have on file, CoinShares' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

CoinShares' net income appears to be on an upward trend, with a most recent value of $114.27 million in 2025, rising from $75.76 million in 2023. The previous period was $162.45 million in 2024. See CoinShares' forecast for analyst expectations on what's next for the company.

CoinShares' total operating income in 2025 was $126.99 million, based on the following breakdown:
  • Total Gross Profit: $127.11 million
  • Total Operating Expenses: -$179.91 million

Over the last 2 years, CoinShares' total revenue changed from $87.71 million in 2023 to $165.68 million in 2025, a change of 88.9%.

CoinShares' total liabilities were at $122.26 million at the end of 2025, a 97.8% decrease from 2024, and a 97.8% decrease since 2024.

In the past 1 years, CoinShares' cash and equivalents has ranged from $24.92 million in 2024 to $94.67 million in 2025, and is currently $94.67 million as of their latest financial filing in 2025.

Over the last 2 years, CoinShares' book value per share changed from 0.00 in 2023 to 7.22 in 2025, a change of 722.4%.


Related Companies

Financial statements for NASDAQ:CSHR last updated on 5/14/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
From Our Partners
Is this AI lab Elon’s SpaceX lifeline?
Elon Musk went from calling one AI lab 'evil' to striking a deal giving it access to SpaceX's entire Colossus ...
Chaikin Analytics | Sponsoredtc pixel
Read this or regret it forever
Three Nobel Prize Winners expose this once-in-a-generation wealth shift: “Don’t Say I Didn’t Warn You” P...
Porter & Company | Sponsoredtc pixel
Trump's gold order: the announcement they won't put on the front page
On August 15, 1971, Nixon interrupted prime-time television and ended the gold standard in 15 minutes - no deb...
Reagan Gold Group | Sponsoredtc pixel
Iran's New Leader Just Said Something That Should Terrify Every American
Iran's Supreme Leader has declared the Strait of Hormuz closed as leverage against the U.S. - and with 40% of ...
American Alternative | Sponsoredtc pixel
Collect $1,170 a month from silver
I've Rarely Seen This With Silver This combination - 20% dividends + 68% share appreciation - never happens...
Investors Alley | Sponsoredtc pixel
Elon’s Biggest Launch Ever: 15x Bigger Than SpaceX
The Man Who Called Nvidia Before It Soared 1,000% Issues New Elon Musk BUY Alert Luke Lango was ranked Amer...
InvestorPlace | Sponsoredtc pixel
SpaceX IPO Warning: Before you buy any SpaceX shares, read this.
The SpaceX IPO is valued at $1.75 trillion - but buying shares directly may not be the strongest play availabl...
Weiss Ratings | Sponsoredtc pixel
This is the worst news for stocks in 50 years
Goldman Sachs and Morgan Stanley are issuing a rare warning: what's ahead for U.S. stocks could be the worst e...
TradeSmith | Sponsoredtc pixel