CoinShares Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	165.68	155.54	87.71	61.86	109.35
Revenue Growth (YoY)	6.52%	77.33%	41.80%	-43.43%	335.52%
Cost of Revenue	20.19	15.21	7.09	10.44	-
Gross Profit	145.49	140.33	80.62	51.41	109.35
Selling, General & Admin	45.63	40.29	27.06	20.78	42.7
Other Operating Expenses	782.3	-2,946	-1,713	738.75	-19.86
Operating Expenses	832.77	-2,889	-1,680	760.87	23.55
Operating Income	-687.29	3,029	1,761	-709.46	85.79
Interest Expense	-7.8	-11.36	-8.51	-7.63	-9.54
Interest & Investment Income	1.79	8.5	7.98	15.56	14.77
Earnings From Equity Investments	-	-	-	-2.59	-0.39
Currency Exchange Gain (Loss)	11.53	6.94	3.94	-	-
Other Non Operating Income (Expenses)	802.75	-2,911	-1,703	2,857	-3,363
EBT Excluding Unusual Items	120.98	122.15	60.74	2,153	-3,273
Impairment of Goodwill	-	-	-	-6.6	-
Gain (Loss) on Sale of Investments	-1.57	0.92	15.73	-3.37	7.55
Gain (Loss) on Sale of Assets	-4.69	40.31	-	-1,478	-
Asset Writedown	-	-	-	-37.43	-
Pretax Income	114.72	163.38	76.47	627.25	-3,265
Income Tax Expense	0.45	0.94	0.72	0.44	1.43
Earnings From Continuing Operations	114.27	162.45	75.76	626.8	-3,266
Net Income	114.27	162.45	75.76	626.8	-3,266
Net Income to Common	114.27	162.45	75.76	626.8	-3,266
Net Income Growth	-29.66%	114.44%	-87.91%	-	-
Shares Outstanding (Basic)	66	67	67	68	67
Shares Outstanding (Diluted)	66	67	69	72	67
Shares Change (YoY)	-1.92%	-2.68%	-4.40%	8.39%	14.25%
EPS (Basic)	1.74	2.44	1.13	9.19	-49.08
EPS (Diluted)	1.74	2.42	1.10	8.69	-49.08
EPS Growth	-28.27%	120.00%	-87.34%	-	-
Free Cash Flow	123.24	17.04	-122.2	362.96	-1,005
Free Cash Flow Per Share	1.87	0.25	-1.77	5.03	-15.11
Gross Margin	87.81%	90.22%	91.91%	83.12%	100.00%
Operating Margin	-414.83%	1947.44%	2007.51%	-1146.97%	78.46%
Profit Margin	68.97%	104.44%	86.37%	1013.34%	-2987.22%
Free Cash Flow Margin	74.38%	10.96%	-139.33%	586.80%	-919.45%
EBITDA	-684.14	3,032	1,765	-707.04	87.22
EBITDA Margin	-	1949.39%	2012.06%	-	79.76%
D&A For EBITDA	3.14	3.02	3.99	2.42	1.42
EBIT	-687.29	3,029	1,761	-709.46	85.79
EBIT Margin	-	1947.44%	2007.51%	-	78.46%
Effective Tax Rate	0.39%	0.57%	0.94%	0.07%	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.