← CoinShares PLC
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $9.1b |
$9.3b
+2.40%
|
$9.5b
+1.49%
|
$2.5b
-73.77%
|
$2.6b
+3.81%
|
$2.9b
+12.10%
|
$87.7m
-96.96%
|
$155.5m
+77.33%
|
$165.7m
+6.52%
|
$163.2m
-1.50%
|
|
| Net sales | — | $9.3b |
$9.5b
+1.49%
|
$12.5b
+31.82%
|
$12.9b
+3.15%
|
$14.5b
+13.09%
|
$14.7b
+1.03%
|
$13.6b
-7.17%
|
$15.0b
+10.04%
|
$163.2m
-98.91%
|
|
| Cost of revenue (excluding depreciation and amortization) | $7.2b |
$7.5b
+3.80%
|
$7.7b
+2.64%
|
$9.9b
+29.68%
|
$10.1b
+1.98%
|
$11.7b
+15.75%
|
$7.1m
-99.94%
|
$15.2m
+114.45%
|
$20.2m
+32.74%
|
$39.7m
+96.68%
|
|
| Cost of sales | ($7.2b) |
($7.5b)
-3.80%
|
($7.7b)
-2.64%
|
($9.9b)
-29.68%
|
($10.1b)
-1.98%
|
($11.7b)
-15.75%
|
($12.0b)
-2.09%
|
($10.9b)
+8.70%
|
($12.2b)
-11.41%
|
$39.7m
+100.33%
|
|
| Gross profit | $1.9b |
$1.9b
-2.88%
|
$1.8b
-3.11%
|
$2.5b
+40.97%
|
$2.7b
+7.73%
|
$2.8b
+3.22%
|
$2.7b
-3.37%
|
$2.7b
-0.48%
|
$2.8b
+4.50%
|
$123.5m
-95.64%
|
|
| Research and development expenses | ($69.1m) | ($72.7m) | ($64.0m) | ($97.0m) | ($100.0m) | ($96.0m) | ($101.0m) | ($106.0m) | ($120.0m) | — | |
| Technology and development expense | $243.2m | $245.8m | $236.8m | $253.3m | $253.1m | $292.8m | $302.3m | $322.0m | $334.0m | — | |
| Selling, general, and administrative expenses | ($850.2m) | ($793.2m) | ($999.0m) | ($1.4b) | ($1.3b) | ($1.3b) | ($1.1b) | ($1.1b) | ($1.2b) | $24.5m | |
| General and administrative expenses | $207.6m | $177.0m | $162.7m | $183.1m | $195.7m | $197.3m | $209.2m | $205.7m | $218.5m | $19.2m | |
| Salaries and employee benefits | — | — | — | — | — | — | $13.3m | $21.7m | $19.5m | — | |
| Other general and administrative expenses | — | — | — | — | — | — | $3.6m | $5.7m | $6.5m | — | |
| Amortization of acquired intangible assets | $46.1m | $49.9m | $53.3m | $51.8m | $53.8m | $54.5m | ($160.0m) | ($167.0m) | ($246.0m) | — | |
| Restructuring, transaction and integration expenses, net | ($143.2m) | ($40.2m) | ($131.0m) | ($115.0m) | ($94.0m) | ($234.0m) | $104.0m | ($97.0m) | ($307.0m) | — | |
| Restructuring and related expenses, net | ($143.2m) | ($40.2m) | ($131.0m) | ($115.0m) | ($94.0m) | ($234.0m) | $104.0m | ($97.0m) | ($307.0m) | — | |
| Restructuring-related charges | $26.7m | $15.2m | $12.1m | $13.5m | $1.6m | $13.6m | $43.8m | $423k | $5.5m | — | |
| Total operating expenses | — | — | — | — | — | — | $39.4m | $72.8m | $70.7m | $68.4m | |
| Operating income | $916.1m |
$993.9m
+8.49%
|
$792.0m
-20.31%
|
$994.0m
+25.51%
|
$1.3b
+32.90%
|
$1.2b
-6.21%
|
$61.3m
-95.05%
|
$125.0m
+104.02%
|
$127.0m
+1.58%
|
$94.8m
-25.37%
|
|
| Interest expense | ($190.9m) | ($210.0m) | ($208.0m) | ($207.0m) | ($153.0m) | ($159.0m) | ($8.5m) | ($11.4m) | ($7.8m) | $7.8m | |
| Interest expense, net | ($44.0m) | ($53.0m) | ($63.2m) | ($75.8m) | ($119.4m) | ($99.4m) | ($112.8m) | ($119.8m) | ($115.2m) | $7.8m | |
| Interest income | $12.2m | $13.1m | $17.0m | $22.0m | $14.0m | $24.0m | $8.0m | $8.5m | $1.8m | $1.8m | |
| Impairment of equity method investment | $14.1m | ($17.5m) | $4.0m | ($14.0m) | $19.0m | $0 | ($270k) | ($74k) | $3.0m | — | |
| Other non-operating income/(expenses), net | $10.4m | ($74.1m) | $3.0m | $16.0m | $11.0m | $11.0m | $2.0m | $3.0m | ($12.0m) | — | |
| Other non-operating income (loss), net | ($21.6m) | ($74.1m) | $3.5m | — | — | — | — | — | — | — | |
| Income before income taxes | $715.8m | $722.9m | $604.0m | $825.0m | $1.2b | $1.1b | $76.5m | $163.4m | $114.7m | $114.7m | |
| Income before income taxes and equity in income/(loss) of affiliated companies | — | — | — | — | $1.2b | $1.1b | $1.3b | $907.0m | $650.0m | $114.7m | |
| Income tax expense | ($148.9m) | ($118.8m) | ($172.0m) | ($187.0m) | ($261.0m) | ($300.0m) | $715k | $935k | $449k | $449k | |
| Net income | $581.0m |
$586.6m
+0.96%
|
$437.0m
-25.50%
|
$616.0m
+40.96%
|
$951.0m
+54.38%
|
$815.0m
-14.30%
|
$75.8m
-90.70%
|
$162.4m
+114.44%
|
$114.3m
-29.66%
|
$114.3m
0.00%
|
|
| Net income attributable to non-controlling interests | ($17.0m) | ($11.4m) | ($7.0m) | ($4.0m) | ($12.0m) | ($10.0m) | ($10.0m) | ($10.0m) | ($7.0m) | — | |
| Net loss | ($72.2m) | $46.8m | $93.5m | $84.0m | ($82.5m) | ($50.6m) | ($185.7m) | — | — | — | |
| Loss per share, diluted (in Dollars per share) | $0.48 | $0.49 | $0.36 | $0.38 | $0.60 | $0.53 | $1.10 | $2.42 | $1.74 | — | |
| Loss per share, basic (in Dollars per share) | $0.49 | $0.50 | $0.36 | $0.38 | $0.60 | $0.53 | $1.13 | $2.44 | $1.74 | — | |
| Basic earnings per share (in USD per share) | $0.49 | $0.50 | $0.36 | $0.39 | $0.60 | $0.53 | $0.71 | $0.51 | $0.32 | $1.74 | |
| Diluted earnings per share (in USD per share) | $0.48 | $0.49 | $0.36 | $0.39 | $0.60 | $0.53 | $0.70 | $0.51 | $0.32 | $1.74 | |
| Weighted average shares outstanding, diluted (in Shares) | 31.3m | 32.2m | 31.7m | 27.8m | 26.0m | 26.1m | 69.0m | 67.1m | 65.8m | — | |
| Weighted average shares outstanding, basic (in Shares) | 31.3m | 30.9m | 30.8m | 27.2m | 26.0m | 26.1m | 67.3m | 66.5m | 65.8m | — | |
| Foreign currency translation adjustment | — | — | — | — | — | — | ($12.1m) | $4.1m | $1.7m | — | |
| (Loss)/gain on digital assets and digital asset ETPs | — | — | — | — | — | — | $1.7b | $2.9b | ($982.8m) | — | |
| Gain/(loss) on certificate liabilities | — | — | — | — | — | — | ($1.7b) | ($2.9b) | $802.7m | — | |
| Other operating gains/(losses) | $66.8m | $43.2m | $187.0m | $55.0m | $75.0m | $33.0m | ($28.4m) | $19.8m | $212.0m | — | |
| Share-based compensation | $48.6m | $50.5m | ($21.7m) | ($34.9m) | ($37.0m) | ($49.8m) | $1.3m | $12.4m | $2.8m | — | |
| Professional fees | — | — | — | — | — | — | $4.5m | $4.7m | $9.9m | — | |
| Marketing expense | $610.9m | $714.7m | $713.9m | $574.0m | $648.4m | $789.2m | $3.2m | $5.5m | $5.3m | — | |
| Technology expense | — | — | — | — | — | — | $2.4m | $2.7m | $4.5m | — | |
| Depreciation and amortization | — | — | — | — | — | — | $4.0m | $3.0m | $3.1m | $3.1m | |
| Allowance for credit losses | — | — | — | — | — | — | — | $1.9m | ($1.1m) | — | |
| Income from sale of FTX claim | — | — | — | — | — | — | — | $36.8m | — | — | |
| (Loss)/gain on treasury digital assets | — | — | — | — | — | — | — | $3.5m | ($4.7m) | — | |
| Fair value (loss)/gain on investments | — | — | — | — | — | — | $16.0m | $997k | ($1.6m) | — | |
| Income from continuing operations | $581.0m | $586.6m | $436.0m | $624.0m | $951.0m | $815.0m | — | — | — | — | |
| Loss from discontinued operations, net of tax | $0 | $0 | $1.0m | ($8.0m) | $0 | $0 | — | — | — | — | |
| Loss from discontinued operations | $0 | $0 | $0 | ($0) | $0 | $0 | — | — | — | — | |
| Income (loss) from discontinued operations | $0 | $0 | $0 | ($0) | $0 | $0 | — | — | — | — | |
| Impairment of goodwill | $9.6m | $0 | $7.5m | $100.8m | $0 | $0 | $5.6m | $0 | $0 | — | |
| Loss (gain) on early extinguishment of debt | $0 | ($17.4m) | $0 | $0 | ($48.3m) | $0 | $6.8m | ($666k) | ($498k) | — | |
| (Gain) on sale of subsidiaries | $0 | $47.5m | $0 | $0 | — | — | — | — | — | — | |
| Total comprehensive income | — | — | — | — | — | — | $63.6m | $166.6m | $116.0m | — | |
| Total gains/(losses) from operations | — | — | — | — | — | — | $13.0m | $42.3m | $32.0m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.