CoinShares
Builds digital-asset investment products and capital-markets capabilities for institutional markets.
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Profile
Manages digital-asset investment products, including crypto ETPs, and earns fee-based asset-management revenue alongside capital-markets activities. Its Nasdaq-listed parent was created through a 2026 business combination, while the operating business dates to 2013.
Manages digital-asset investment products, with crypto exchange-traded products (ETPs) at the center of its asset-management business. Fee-based asset-management revenue sits alongside capital-markets activities that support product operations, execution and balance-sheet management.
The platform relies on cross-border product structuring, risk management and regulatory engagement. The group expanded its U.S. asset-management business by acquiring Valkyrie Funds in 2024.
Operating roots date to 2013, but the current Jersey public parent was formed for a business combination completed in March 2026. CSHR began trading on Nasdaq on April 1, 2026, making the Nasdaq parent a new vehicle for the established operating business.
Company facts
Categories
Key statistics
Year to date −43.8% · Average volume (30d) 231.5K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 13, 2026 | $0.18 | $0.06 | −66.7% | $28.2M | — | — | +1.61% |
Financial highlights
| 7 quarters | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | |
|---|---|---|---|---|---|---|---|
| Revenue | $26.7M | $31.9M | $29.6M | $30.0M | $0 | $0 | |
| Gross profit | $23.8M | $24.5M | $26.1M | $25.0M | $0 | $0 | |
| Operating income | $21.9M | $40.7M | $25.8M | $33.2M | −$1.8M | −$969.0K | |
| Net income | $19.0M | $40.1M | $23.6M | $32.3M | $586.0K | $1.3M | |
| Diluted EPS | $0.27 | $0.05 | $0.33 | $0.49 | $0.02 | $0.04 | |
| Gross margin | 89.3% | 76.8% | 87.9% | 83.5% | — | — | |
| Operating margin | 81.9% | 127.9% | 87.2% | 110.7% | — | — |
Fiscal years (4-quarter sums)FY25 $59.6M
Balance sheet, Dec 31, 2025Cash & short-term investments $92.0K · Total debt $250.0K · Total assets $234.0M · Shareholders' equity $230.3M
Dividends
No dividends on record.
Ownership
Shares outstanding 131.78M · Float 58.76M · 44.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Jean-Marie Mognetti · director, 10 percent owner, officer: Chief Executive Officer | 21.67M | 16.44% | Form 4 | Apr 2, 2026 |
| Daniel Masters | 21.61M | 16.40% | 13D | Jun 16, 2026 |
| Newton Russell Paul | 15.22M | 11.50% | 13G | Jul 1, 2026 |
| Alyeska Investment Group, L.P. | 7.56M | 5.74% | 13F | Aug 14, 2026 |
| Goldman Sachs Group Inc | 1.56M | 1.18% | 13F | Aug 14, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- WisdomTree
European crypto ETP issuer spanning Bitcoin, Ether and Solana
- BlackRock
U.S. spot Bitcoin and Ether ETPs with global distribution
- Galaxy Digital
Crypto funds, partner ETPs and institutional markets platform
- DeFi Technologies
Valour ETP issuer with European crypto and staking products
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| CoinShares | $5.90 | −1.17% | $788.0M | 3.0 | — | 13.2 | — |
| WisdomTree | $24.33 | −0.45% | $3.74B | 47.0 | 20.3 | 6.1 | +57.3% |
| BlackRock | $1,163.84 | −0.03% | $180.49B | 27.8 | 19.5 | 6.6 | +30.6% |
| Galaxy Digital | $23.29 | +0.30% | $7.70B | — | — | 0.1 | +0.6% |
| DeFi Technologies | $0.6101 | −0.94% | $240.2M | 9.5 | 30.7 | 12.2 | — |
| Median | 27.8 | 20.3 | 6.4 | +30.6% |