Coincheck Group N.V. is a US-listed company in the investment banking & brokerage industry. Its financial year ends in March.
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
Revenue for the twelve months was $3.19bn. The diluted share count is up 8.6% on a year earlier, which dilutes existing holders.
Our model value for Coincheck Group is under review, so past values are not shown until it is resolved.
Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.
Coincheck Group N.V.'s trailing-twelve-month revenue grew 26.8% year on year, with a free-cash-flow margin of -0.1%. Where it stands out: stock pay as % of revenue of 0.3% ranks 5 of 36 investment banking & brokerage companies we cover. Where it lags: change in growth rate of -35.4pp ranks 33 of 40 investment banking & brokerage companies we cover.
Current signal Revenue growth decelerating: TTM revenue growth slowed to 26.8% (-35.4pp vs the prior quarter).
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
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Third-party market data · may be delayed
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for CNCK from the sources we follow. See filings →
No model value for Coincheck Group N.V. at the moment. Current status: no valuation model gives a value we can rate yet. Available reported financials are shown below.
The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.
We value Coincheck Group N.V. as an asset manager, broker or exchange, with every model that fits that kind of business. Cost of equity 9.5%: the 10-year Treasury yield (4.9%) plus a beta of 1 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. | ~$0.1 ~$0.9–$3.7 | Left out: out of range vs price (0.06x) |
| Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. | — | Does not apply: This model is withheld pending its input or assumption review. |
| Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. | — | Combined value withheld. Review the individual models and their assumptions. |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Coincheck Group N.V. with brokers, investment banks and exchanges in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Medium.
Next results: November 9, 2026, before the open.
No analyst estimates are published for Coincheck Group N.V.: too few analysts cover it.
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Dec 2025 | $0.31 | $3.00 | +878.3% |
| Sept 2025 | −$0.18 | $2.71 | +1605.6% |
Adjusted EPS as companies report it, against the average analyst estimate.
Source: SEC EDGAR filings. Retrieved November 2, 2026.
| Period | Revenue (TTM) |
|---|---|
| FY23 Q4 | $1.3B |
| FY24 Q4 | $1.6B |
| FY25 Q4 | $2.5B |
| FY26 Q4 | $3.2B |
Source: SEC EDGAR filings. Retrieved November 2, 2026.
| Period | FCF margin (TTM) |
|---|---|
| FY23 Q4 | -2.2% |
| FY24 Q4 | 1.6% |
| FY25 Q4 | -0.5% |
| FY26 Q4 | -0.1% |
| Fiscal year | 2023 Apr 2023 | 2024 Mar 2024 | 2025 Mar 2025 | 2026 Mar 2026 |
|---|---|---|---|---|
| Income | ||||
| Revenue | 1,309 | 1,553 | 2,518 | 3,191 |
| Gross profit | −5 | 17 | −6 | −9 |
| Net income | −4 | 14 | −94 | −12 |
| Diluted EPS | −$0.03 | $0.11 | −$0.76 | −$0.09 |
| Growth (year on year) | ||||
| Revenue | — | +18.6% | +62.2% | +26.8% |
| Margins | ||||
| Gross margin | −0.4% | 1.1% | −0.3% | −0.3% |
| Net margin | −0.3% | 0.9% | −3.7% | −0.4% |
| Free-cash-flow margin | −2.2% | 1.6% | −0.5% | −0.1% |
| Cash flow | ||||
| Cash from operations | −28 | 27 | −13 | −4 |
| Capital spending | 1 | 2 | 1 | 1 |
| Free cash flow | −29 | 25 | −14 | −5 |
| Stock-based pay | — | 0 | 0 | 9 |
| Free cash flow after stock pay | — | 25 | −14 | −13 |
| Balance sheet | ||||
| Cash | 58 | 72 | 57 | 59 |
| Total debt | 0 | 0 | 5 | 17 |
| Net debt (negative = net cash) | −58 | −72 | −52 | −42 |
| Diluted shares | 123m | 123m | 125m | 136m |
| Returned to shareholders | ||||
| Dividends | 37 | 0 | 0 | — |
| Total returned | 37 | 0 | 0 | — |
| Last 12 months unless stated | CNCK | BGC | LAZ | FUTU | HLI | VIRT | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $3.2bn | $3.3bn | $3.4bn | $2.9bn | $2.6bn | $4.1bn | $2.0bn |
| Revenue growth, last 12 months | 26.8% | 27.6% | 9.0% | 68.3% | −0.4% | 20.8% | 20.7% |
| Revenue growth, 3-year average | — | 20.6% | 10.5% | — | 12.7% | 23.1% | 16.2% |
| Revenue growth, latest quarter | — | 7.8% | 8.5% | — | 4.8% | 19.0% | 17.4% |
| Gross margin | −0.3% | — | — | 87.1% | 32.7% | — | 3.6% |
| Operating margin | — | — | 7.9% | 61.6% | 20.3% | — | −2.3% |
| Operating margin, 3-year average | — | — | 10.1% | 35.8% | 20.3% | — | 9.4% |
| Net margin | −0.4% | 6.0% | 5.5% | 49.6% | 15.8% | 13.5% | 5.8% |
| Cash from operations / revenue | −0.1% | 15.3% | 20.7% | 178.5% | 16.7% | 13.7% | 7.7% |
| Free-cash-flow margin | −0.1% | 14.7% | 20.3% | 178.3% | 15.7% | 12.8% | 5.2% |
| Free-cash-flow margin, 3-year average | — | 16.8% | 18.8% | 284.9% | 23.3% | 17.7% | 16.8% |
| Stock pay / revenue | 0.3% | 0.2% | 12.3% | 1.5% | 7.8% | 3.0% | 4.7% |
| Change in share count | 8.6% | −0.8% | 1.2% | 0.9% | −1.6% | −0.6% | 1.2% |
| Measure | Company | Peer median | Rank |
|---|---|---|---|
| Revenue growth Growth | 26.8% | 20.8% | 15 of 40 |
| Change in growth rate Growth | -35.4pp | -0.3pp | 33 of 40 |
| Net margin Profitability | -0.4% | 6.0% | 29 of 40 |
| Stock pay as % of revenue Cash generation | 0.3% | 4.8% | 5 of 36 |
| Change in share count Balance sheet | 8.6% | 1.2% | 23 of 35 |
Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Linden Advisors LP | $348,917 | 157K | 25.0% | 0.0% |
| Shay Capital LLC | $186,995 | 84K | 13.4% | ▲ 0.6% |
| Northern Trust Corp | $126,957 | 57K | 9.1% | ▼ 4.2% |
| Morgan Stanley | $126,491 | 57K | 9.1% | ▼ 38.3% |
| Neuberger Berman Group LLC | $111,000 | 50K | 8.0% | 0.0% |
| Cresset Asset Management, LLC | $90,662 | 40K | 6.5% | ▼ 65.3% |
| State Of Wyoming | $85,736 | 39K | 6.1% | New |
| HRT Financial LP | $74,000 | 33K | 5.3% | New |
| Millennium Management LLC | $70,938 | 32K | 5.1% | ▲ 23.3% |
| Sbi Securities Co., Ltd. | $69,755 | 31K | 5.0% | ▲ 14.2% |
| Qube Research & Technologies Ltd | $59,873 | 27K | 4.3% | ▲ 4.5% |
| Two Sigma Securities, LLC | $24,198 | 11K | 1.7% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Coincheck Group N.V.'s complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.
From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
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