NASDAQ : CSHR
CoinShares PLC — Financial statements
Jersey
Last price 4.3 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 566.65M
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Financial statements
CoinShares PLC (CSHR) reported revenue of 137.16M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 137.16M | 165.68M | 155.54M | 87.71M | 61.86M | 109.35M |
| Cost of Revenue | 19.11M | 20.19M | 15.21M | 7.09M | 10.44M | |
| Gross Profit | 118.06M | 145.49M | 140.33M | 80.62M | 51.41M | 109.35M |
| Selling, General & Admin | 56.57M | 45.63M | 40.29M | 27.06M | 20.78M | 42.70M |
| Other Operating Expenses | 2.46B | 782.30M | -2.95B | -1.71B | 738.75M | -19.86M |
| Operating Expenses | 2.53B | 832.77M | -2.89B | -1.68B | 760.87M | 23.55M |
| Operating Income | -2.41B | -687.28M | 3.03B | 1.76B | -709.46M | 85.79M |
| Interest Expense | -9.92M | -7.80M | -11.36M | -8.51M | -7.63M | -9.54M |
| Interest & Investment Income | 2.19M | 1.79M | 8.49M | 7.97M | 15.56M | 14.77M |
| Earnings From Equity Investments | -2.59M | -393.84K | ||||
| Currency Exchange Gain (Loss) | -12.88M | 11.53M | 6.94M | 3.94M | ||
| Other Non Operating Income (Expenses) | 2.47B | 802.75M | -2.91B | -1.70B | 2.86B | -3.36B |
| EBT Excluding Unusual Items | 38.25M | 120.98M | 122.15M | 60.74M | 2.15B | -3.27B |
| Impairment of Goodwill | -6.60M | |||||
| Gain (Loss) on Sale of Investments | 214.00K | -1.57M | 923.00K | 15.73M | -3.37M | 7.55M |
| Gain (Loss) on Sale of Assets | -25.62M | -4.68M | 40.31M | -1.48B | ||
| Asset Writedown | -37.43M | |||||
| Pretax Income | 12.84M | 114.72M | 163.38M | 76.47M | 627.25M | -3.26B |
| Income Tax Expense | 105.00K | 449.00K | 935.00K | 715.00K | 444.21K | 1.43M |
| Earnings From Continuing Operations | 12.74M | 114.27M | 162.45M | 75.75M | 626.80M | -3.27B |
| Net Income | 12.74M | 114.27M | 162.45M | 75.75M | 626.80M | -3.27B |
| Net Income to Common | 12.74M | 114.27M | 162.45M | 75.75M | 626.80M | -3.27B |
| Shares Outstanding (Basic) | 68.37M | 65.83M | 66.54M | 67.28M | 68.18M | 66.56M |
| Shares Outstanding (Diluted) | 69.41M | 65.83M | 67.12M | 68.97M | 72.14M | 66.56M |
| EPS (Basic) | 0.19 | 1.74 | 2.44 | 1.13 | 9.19 | -49.08 |
| EPS (Diluted) | 0.16 | 1.74 | 2.42 | 1.10 | 8.69 | -49.08 |
| Free Cash Flow | 22.99M | 123.24M | 17.04M | -122.20M | 362.96M | -1.01B |
| Free Cash Flow Per Share | 0.33 | 1.87 | 0.25 | -1.77 | 5.03 | -15.11 |
| Gross Margin | 86.07% | 87.81% | 90.22% | 91.91% | 83.12% | 100.00% |
| Operating Margin | -1,758.83% | -414.83% | 1,947.44% | 2,007.51% | -1,146.97% | 78.46% |
| Profit Margin | 9.29% | 68.97% | 104.44% | 86.37% | 1,013.34% | -2,987.22% |
| Free Cash Flow Margin | 16.76% | 74.38% | 10.96% | -139.33% | 586.80% | -919.45% |
| EBITDA | -2.41B | -684.14M | 3.03B | 1.76B | -707.04M | 87.22M |
| EBITDA Margin | 1,949.39% | 2,012.06% | 79.76% | |||
| D&A For EBITDA | 3.90M | 3.14M | 3.02M | 3.99M | 2.42M | 1.42M |
| EBIT | -2.41B | -687.28M | 3.03B | 1.76B | -709.46M | 85.79M |
| EBIT Margin | 1,947.44% | 2,007.51% | 78.46% | |||
| Effective Tax Rate | 0.82% | 0.39% | 0.57% | 0.94% | 0.07% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 47.07M | 64.24M | 24.91M | 32.49M | 162.38M | 14.59M |
| Cash & Short-Term Investments | 47.07M | 64.24M | 24.91M | 32.49M | 162.38M | 14.59M |
| Accounts Receivable | 4.04M | 3.49M | 2.13M | 1.69M | 470.33K | 17.35M |
| Other Receivables | 238.97M | 108.52M | 205.89M | 263.74K | 565.33K | 182.76M |
| Receivables | 243.01M | 112.01M | 208.02M | 1.95M | 1.04M | 250.16M |
| Prepaid Expenses | 9.89M | 13.33M | 914.00K | 753.34K | 571.08K | 346.27K |
| Other Current Assets | 3.18B | 5.15B | 5.67B | 3.37B | 1.26B | 5.09B |
| Total Current Assets | 3.48B | 5.34B | 5.91B | 3.40B | 1.43B | 5.36B |
| Property, Plant & Equipment | 3.29M | 3.32M | 3.17M | 3.90M | 2.33M | 1.13M |
| Long-Term Investments | 20.07M | 18.85M | 20.34M | 57.22M | 54.23M | 32.08M |
| Goodwill | 2.82M | 2.82M | 2.82M | 1.20M | 1.14M | 8.68M |
| Other Intangible Assets | 10.65M | 11.90M | 11.11M | 12.38M | 13.31M | 15.82M |
| Long-Term Deferred Tax Assets | 29.65K | 907.38K | ||||
| Other Long-Term Assets | 2.16M | 2.32M | 2.70M | 3.03M | 198.74K | 3.71M |
| Total Assets | 3.52B | 5.38B | 5.95B | 3.48B | 1.50B | 5.42B |
| Accounts Payable | 10.70M | 28.40M | 32.32M | 1.28M | 1.30M | 1.61M |
| Accrued Expenses | 6.72M | 3.48M | 9.23M | |||
| Short-Term Debt | 173.58M | 169.09M | 99.12M | 218.52M | ||
| Current Portion of Long-Term Debt | 3.15M | 29.55M | 1.61M | |||
| Current Portion of Leases | 1.09M | 1.35M | 895.00K | 717.93K | 1.58M | 284.83K |
| Current Income Taxes Payable | 199.94K | 284.13K | 3.49M | |||
| Other Current Liabilities | 2.88B | 4.68B | 5.39B | 3.10B | 1.22B | 4.91B |
| Total Current Liabilities | 3.07B | 4.88B | 5.52B | 3.14B | 1.23B | 5.15B |
| Long-Term Debt | 24.97M | 24.66M | 29.48M | 25.83M | ||
| Long-Term Leases | 1.05M | 1.53M | 2.10M | 3.06M | 34.92K | 136.97K |
| Other Long-Term Liabilities | 720.00K | 1.01M | 993.00K | |||
| Total Liabilities | 3.07B | 4.91B | 5.55B | 3.18B | 1.25B | 5.15B |
| Common Stock | 44.00K | 44.00K | 42.88K | 40.68K | 45.72K | |
| Additional Paid-In Capital | 51.35M | 29.20M | 38.02M | 39.09M | 37.09M | 41.68M |
| Retained Earnings | 385.42M | 431.05M | 342.62M | 250.85M | 181.69M | 4.02B |
| Treasury Stock | -4.94M | -275.18K | ||||
| Comprehensive Income & Other | 16.43M | 16.67M | 14.96M | 19.70M | 26.95M | -3.79B |
| Total Common Equity | 453.21M | 476.97M | 395.64M | 304.74M | 245.49M | 270.83M |
| Shareholders' Equity | 453.21M | 476.97M | 395.64M | 304.74M | 245.49M | 270.83M |
| Total Liabilities & Equity | 3.52B | 5.38B | 5.95B | 3.48B | 1.50B | 5.42B |
| Total Debt | 175.72M | 200.09M | 126.77M | 62.81M | 29.04M | 218.94M |
| Net Cash (Debt) | -128.66M | -135.84M | -101.86M | -30.32M | 133.34M | -204.35M |
| Net Cash Per Share | -1.85 | -2.06 | -1.52 | -0.44 | 1.85 | -3.07 |
| Filing Date Shares Outstanding | 131.78M | 131.78M | 66.68M | 66.42M | 68.14M | 68.21M |
| Total Common Shares Outstanding | 131.78M | 65.54M | 66.68M | 66.42M | 68.14M | 68.21M |
| Working Capital | 415.99M | 465.27M | 383.25M | 257.65M | 196.85M | 208.02M |
| Book Value Per Share | 3.44 | 7.28 | 5.93 | 4.59 | 3.60 | 3.97 |
| Tangible Book Value | 439.74M | 462.25M | 381.71M | 291.16M | 231.04M | 246.32M |
| Tangible Book Value Per Share | 3.34 | 7.05 | 5.72 | 4.38 | 3.39 | 3.61 |
| Machinery | 2.05M | 1.71M | 1.58M | 1.44M | 1.47M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 12.74M | 114.27M | 162.45M | 75.75M | 626.80M | -3.27B |
| Depreciation & Amortization | 3.90M | 3.14M | 3.02M | 3.99M | 3.47M | 1.72M |
| Loss (Gain) From Sale of Assets | 16.33M | 5.68M | 1.00 | |||
| Asset Writedown & Restructuring Costs | 6.60M | |||||
| Loss (Gain) From Sale of Investments | 33.00K | 1.82M | -1.62M | -15.89M | 3.68M | -7.55M |
| Loss (Gain) on Equity Investments | 2.59M | 393.84K | ||||
| Stock-Based Compensation | 9.10M | 2.84M | 12.37M | 1.26M | 1.48M | 2.23M |
| Provision & Write-off of Bad Debts | -1.10M | -1.14M | 1.90M | |||
| Other Operating Activities | -60.51M | -77.52M | -259.08M | -189.07M | -500.06M | 3.38B |
| Change in Accounts Receivable | 824.08M | -1.33B | ||||
| Change in Accounts Payable | -3.36M | 4.75M | 1.15M | -605.29M | 212.54M | |
| Change in Income Taxes | -172.00K | -226.00K | -39.00K | -96.00K | ||
| Change in Other Net Operating Assets | 46.48M | 69.96M | 98.27M | 835.00K | ||
| Operating Cash Flow | 23.43M | 123.58M | 17.27M | -122.07M | 363.36M | -1.01B |
| Capital Expenditures | -434.00K | -338.00K | -229.00K | -136.00K | -394.61K | -293.21K |
| Sale of Property, Plant & Equipment | 75.00K | 72.00K | 236.38K | 10.56K | ||
| Cash Acquisitions | -429.00K | -2.80M | ||||
| Sale (Purchase) of Intangibles | -1.39M | -1.72M | -1.49M | -1.13M | -839.37K | -246.93K |
| Investment in Securities | -4.50M | -4.50M | 5.17M | -532.00K | -24.33M | -17.24M |
| Other Investing Activities | 15.61M | 849.75M | ||||
| Investing Cash Flow | -6.32M | -6.56M | 3.09M | -1.72M | -9.72M | 829.19M |
| Long-Term Debt Issued | 25.99M | |||||
| Long-Term Debt Repaid | -2.77M | -77.00K | -1.28M | -286.89K | ||
| Lease Payments | -390.00K | -1.28M | -286.89K | |||
| Net Debt Issued (Repaid) | -29.18M | -2.77M | -77.00K | 24.71M | -286.89K | |
| Issuance of Common Stock | 25.81M | 471.00K | 887.00K | 10.00K | 17.29M | |
| Repurchase of Common Stock | -10.62M | -344.00K | -5.27M | -275.18K | ||
| Common Dividends Paid | -33.71M | -25.07M | -10.56M | |||
| Other Financing Activities | -17.88M | -5.55M | -51.00K | -267.20K | ||
| Financing Cash Flow | -54.96M | -40.76M | -44.24M | -5.33M | 24.17M | 17.00M |
| Foreign Exchange Rate Adjustments | 11.69M | -36.92M | 16.32M | -1.48M | -19.08M | -3.06M |
| Miscellaneous Cash Flow Adjustments | -1.00 | |||||
| Net Cash Flow | -26.17M | 39.33M | -7.56M | -130.60M | 358.73M | -161.97M |
| Free Cash Flow | 22.99M | 123.24M | 17.04M | -122.20M | 362.96M | -1.01B |
| Free Cash Flow Margin | 16.76% | 74.38% | 10.96% | -139.33% | 586.80% | -919.45% |
| Free Cash Flow Per Share | 0.33 | 1.87 | 0.25 | -1.77 | 5.03 | -15.11 |
| Levered Free Cash Flow | -1.68B | -546.77M | 1.70B | 883.56M | -115.30M | -291.06M |
| Unlevered Free Cash Flow | -1.68B | -541.89M | 1.70B | 888.87M | -110.53M | -285.09M |
| Free Cash Flow After Leases | 22.60M | 123.24M | 17.04M | -122.20M | 361.68M | -1.01B |
| Cash Interest Paid | 9.28M | 7.74M | 10.97M | 8.25M | 7.64M | 9.54M |
| Cash Income Tax Paid | 278.00K | 674.00K | 974.00K | 811.00K | 4.17M | 525.35K |
| Change in Working Capital | 42.95M | 74.48M | 98.23M | 1.89M | 218.79M | -1.11B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Debt / Equity Ratio | 0.39 | 0.42 | 0.32 | 0.21 | 0.12 | 0.81 |
| Debt / EBITDA Ratio | 0.04 | 0.04 | 2.50 | |||
| Debt / FCF Ratio | 7.64 | 1.62 | 7.44 | 0.08 | ||
| Net Debt / Equity Ratio | 0.28 | 0.28 | 0.26 | 0.10 | -0.54 | 0.76 |
| Net Debt / EBITDA Ratio | -0.05 | -0.20 | 0.03 | 0.02 | 0.19 | 2.34 |
| Net Debt / FCF Ratio | 5.59 | 1.10 | 5.98 | -0.25 | -0.37 | -0.20 |
| Asset Turnover | 0.03 | 0.03 | 0.03 | 0.04 | 0.02 | 0.03 |
| Quick Ratio | 0.10 | 0.04 | 0.04 | 0.01 | 0.13 | 0.04 |
| Current Ratio | 1.14 | 1.09 | 1.07 | 1.08 | 1.16 | 1.04 |
| Return on Equity (ROE) | 2.95% | 26.19% | 46.39% | 26.85% | 257.69% | -1,880.68% |
| Return on Assets (ROA) | -31.08% | -7.58% | 40.16% | 43.45% | -14.03% | 1.33% |
| Return on Invested Capital (ROIC) | -411.23% | -123.32% | 723.49% | 780.10% | -241.42% | 31.01% |
| Return on Capital Employed (ROCE) | -530.20% | -136.20% | 715.40% | 522.10% | -261.50% | 31.70% |
| Payout Ratio | 21.94% | 6.50% | ||||
| Buyback Yield / Dilution | 1.98% | 1.92% | 2.68% | 4.40% | -8.39% | -14.25% |