CoinShares Balance Sheet

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
Cash & Equivalents	64.24	24.92	32.49	162.38	14.59
Cash & Short-Term Investments	64.24	24.92	32.49	162.38	14.59
Cash Growth	157.85%	-23.32%	-79.99%	1012.90%	371.66%
Accounts Receivable	3.49	2.13	1.69	0.47	17.35
Other Receivables	108.52	205.89	0.26	0.57	182.76
Receivables	112.01	208.02	1.95	1.04	250.16
Prepaid Expenses	13.33	0.91	0.75	0.57	0.35
Other Current Assets	5,153	5,673	3,365	1,261	5,090
Total Current Assets	5,343	5,907	3,401	1,425	5,355
Property, Plant & Equipment	3.32	3.17	3.9	2.33	1.13
Long-Term Investments	18.85	20.34	57.22	54.23	32.08
Goodwill	2.82	2.82	1.2	1.14	8.68
Other Intangible Assets	11.9	11.11	12.38	13.31	15.82
Long-Term Deferred Tax Assets	-	-	0.03	0.91	-
Other Long-Term Assets	2.32	2.7	3.03	0.2	3.71
Total Assets	5,382	5,947	3,480	1,500	5,418
Accounts Payable	28.4	32.32	1.28	1.3	1.61
Accrued Expenses	-	-	6.72	3.48	9.23
Short-Term Debt	169.09	99.12	-	-	218.52
Current Portion of Long-Term Debt	3.15	-	29.55	1.61	-
Current Portion of Leases	1.35	0.9	0.72	1.58	0.28
Current Income Taxes Payable	-	-	0.2	0.28	3.49
Other Current Liabilities	4,676	5,391	3,104	1,220	4,914
Total Current Liabilities	4,878	5,524	3,143	1,228	5,147
Long-Term Debt	24.97	24.66	29.48	25.83	-
Long-Term Leases	1.53	2.1	3.06	0.03	0.14
Other Long-Term Liabilities	1.01	0.99	-	-	-
Total Liabilities	4,905	5,551	3,175	1,254	5,147
Common Stock	0.04	0.04	0.04	0.04	0.05
Additional Paid-In Capital	29.2	38.02	39.09	37.09	41.68
Retained Earnings	431.05	342.62	250.85	181.69	4,017
Treasury Stock	-	-	-4.94	-0.28	-
Comprehensive Income & Other	16.67	14.96	19.7	26.95	-3,787
Total Common Equity	476.97	395.64	304.74	245.49	270.83
Shareholders' Equity	476.97	395.64	304.74	245.49	270.83
Total Liabilities & Equity	5,382	5,947	3,480	1,500	5,418
Total Debt	200.09	126.77	62.81	29.04	218.94
Net Cash (Debt)	-135.84	-101.86	-30.32	133.34	-204.35
Net Cash Per Share	-2.06	-1.52	-0.44	1.85	-3.07
Filing Date Shares Outstanding	131.78	66.68	66.42	68.14	68.21
Total Common Shares Outstanding	65.54	66.68	66.42	68.14	68.21
Working Capital	465.27	383.25	257.65	196.85	208.02
Book Value Per Share	7.28	5.93	4.59	3.60	3.97
Tangible Book Value	462.25	381.71	291.16	231.04	246.32
Tangible Book Value Per Share	7.05	5.72	4.38	3.39	3.61
Machinery	2.05	1.71	1.58	1.44	1.47