Business
Coincheck Reports Financial Results for First Quarter of Year Ending March 31, 2026
First Quarter Total Revenue Increased 12% Year-over-Year and Decreased 27% Quarter-over-Quarter AMSTERDAM--(BUSINESS WIRE)-- Coincheck Group N.V. (Nasdaq:
About this update from Coincheck Group N.v.
[{"type":"text","content":"\nFirst Quarter Total Revenue Increased 12% Year-over-Year and Decreased 27% Quarter-over-Quarter\n\n\n AMSTERDAM--(BUSINESS WIRE)--\nCoincheck Group N.V. (Nasdaq: CNCK) (“Coincheck Group” or the “Company”), a Dutch public limited liability company and the holding company of Coincheck, Inc. (“Coincheck”), a leading Japanese crypto exchange company, today reported financial results for the first quarter of the fiscal year ending March 31, 2026 (“fiscal 2026”). References to “fiscal 2025” mean the fiscal year ended March 31, 2025.\n\n\nFinancial Highlights:1\n\n\nCertain Year-Over-Year Highlights\n\n\n\nTotal revenue increased 12%, to ¥84.0 billion ($583 million) in the first quarter of fiscal 2026 from ¥75.3 billion ($522 million) in the first quarter of fiscal 2025.\n\n\n\nGross margin2 decreased 13%, to ¥2,701 million ($19 million) in the first quarter of fiscal 2026 from ¥3,118 million ($22 million) in the first quarter of fiscal 2025.\n\n\n\nVerified Accounts3 increased 14%, to 2,351,223 as of June 30, 2025 from 2,060,379 as of June 30, 2024.\n\n\n\nCustomer Assets4 increased 34%, to ¥1,000.3 billion ($6,938 million) as of June 30, 2025 from ¥747.9 billion ($5,188 million) as of June 30, 2024.\n\n\n\nMarketplace Trading Volume5 decreased 16%, to ¥61.5 billion ($427 million) for the first quarter of fiscal 2026 from ¥73.0 billion ($506 million) for the first quarter of fiscal 2025. Fluctuations in Marketplace Trading Volume are usually driven by crypto-asset industry market volumes and conditions generally, and the size and level of trading activity at Coincheck specifically, as well as market-price fluctuations in the crypto assets frequently traded.\n\n\n\nNet loss was ¥1,377 million ($9.5 million) in the first quarter of fiscal 2026 compared to Net profit of ¥436 million ($3.0 million) in the first quarter of fiscal 2025. Components contributing to Net loss results in the first quarter of fiscal 2026 included share-based compensation of ¥298 million ($2.1 million), loss from the change in fair value of warrant liability of ¥223 million ($1.5 million) and total transaction expenses of ¥143 million ($1.0 million).\n\n\n\nAdjusted EBITDA6 was negative ¥399 million ($2.8 million) in the first quarter of fiscal 2026 compared to ¥1,014 million ($7.0 million) in the first quarter of fiscal 2025.\n\n\n\nCertain Quarter-Over-Quarter...