Coincheck Group (CNCK) AI Stock Analysis

• Market Cap: $400.29M
• Dividend Yield: N/A
• Average Volume (3M): 30.66K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.93
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 185
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management - Cryptocurrency
• EPS (TTM): 0.02
• Shares Outstanding: 130,814,530
• 10 Day Avg. Volume: 41,440
• 30 Day Avg. Volume: 30,657
• PEG Ratio: 0.04
• Price to Book (P/B): 9.17
• Price to Sales (P/S): 0.26
• P/FCF Ratio: -37.78
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: $2.00 ▼(-6.10% Downside)

Coincheck Group's overall stock score is primarily impacted by its weak financial performance and poor valuation metrics. Technical analysis also indicates bearish momentum, further contributing to the low score. The absence of earnings call insights and corporate events leaves these areas unaddressed.

Positive Factors

Revenue Growth

The significant revenue growth reflects strong market demand and effective business strategies, enhancing long-term financial stability.

Global Expansion

Expanding globally through acquisitions strengthens market position and diversifies revenue streams, supporting long-term growth.

User Base Growth

A growing user base enhances market reach and potential revenue, indicating strong customer engagement and platform adoption.

Negative Factors

High Leverage

Significant leverage poses financial risks, potentially limiting flexibility and increasing vulnerability to market fluctuations.

Negative Profit Margins

Negative profit margins indicate operational inefficiencies, challenging profitability and sustainability in the long term.

Operating Cash Flow Challenges

Negative operating cash flow suggests difficulties in covering operational expenses, impacting liquidity and financial health.

Coincheck Group Business Overview & Revenue Model

Company Description

Coincheck Group (CNCK) is a leading financial technology firm based in Japan, specializing in cryptocurrency exchange services and blockchain technology. The company operates in the fintech sector, offering a platform for users to buy, sell, and trade a variety of digital currencies. Coincheck also provides additional services such as cryptocurrency wallet solutions, payment processing, and investment opportunities in blockchain projects, catering to both retail and institutional clients.

How the Company Makes Money

Coincheck generates revenue primarily through transaction fees charged on trades executed on its cryptocurrency exchange platform. The company earns a percentage of each trade as well as deposit and withdrawal fees for users accessing their funds. Additionally, Coincheck may monetize its services through premium features and products, such as advanced trading tools for professional investors. Strategic partnerships with financial institutions and other fintech companies enhance its service offerings and can lead to additional revenue opportunities, while market volatility in cryptocurrencies can significantly impact trading volumes and, consequently, earnings.

Coincheck Group Financial Statement Overview

Summary

Coincheck Group faces significant financial challenges across its income statement, balance sheet, and cash flow. Despite a 16% revenue growth, the company struggles with negative net profit margins, high leverage, and cash flow issues, indicating operational inefficiencies and financial risk.

Income Statement

The income statement reveals a challenging financial landscape for Coincheck Group. Despite a 16% revenue growth in the TTM, the company struggles with negative net profit margins and EBIT margins, indicating operational inefficiencies. The gross profit margin is low, suggesting limited pricing power or high cost of goods sold. The negative EBITDA margin further highlights issues in core profitability.

Balance Sheet

The balance sheet shows a high debt-to-equity ratio of 5.38 in the TTM, indicating significant leverage and potential financial risk. The negative return on equity suggests that the company is not generating sufficient returns on shareholders' investments. The equity ratio is relatively low, reflecting a heavy reliance on debt financing.

Cash Flow

Cash flow analysis indicates some positive trends, with a 29% growth in free cash flow in the TTM. However, the operating cash flow remains negative, and the operating cash flow to net income ratio is unfavorable, suggesting cash flow challenges. The free cash flow to net income ratio is positive, indicating some ability to generate cash relative to net losses.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	454.78B	383.33B	224.05B	176.92B	690.97B	524.42B
Gross Profit	12.24B	10.79B	6.98B	5.30B	24.97B	18.99B
EBITDA	-13.04B	-12.60B	3.52B	-360.00M	14.37B	14.09B
Net Income	-15.82B	-14.35B	1.97B	-559.00M	9.79B	10.24B
Balance Sheet
Total Assets	137.07B	112.27B	119.19B	71.98B	540.13B	486.13B
Cash, Cash Equivalents and Short-Term Investments	9.08B	8.61B	10.84B	8.37B	17.72B	66.66B
Total Debt	62.84B	45.76B	45.68B	19.11B	34.47B	28.56B
Total Liabilities	126.65B	101.50B	106.75B	61.50B	524.09B	473.15B
Stockholders Equity	10.42B	10.77B	12.44B	10.48B	16.04B	12.98B
Cash Flow
Free Cash Flow	-3.48B	-2.62B	3.59B	-4.19B	7.18B	838.00M
Operating Cash Flow	-2.77B	-1.92B	3.90B	-3.80B	7.40B	1.03B
Investing Cash Flow	-1.05B	-903.00M	-435.00M	-749.00M	-219.00M	-269.00M
Financing Cash Flow	2.16B	565.00M	-327.00M	-5.46B	-6.65B	-225.00M

Coincheck Group Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2.13
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CNCK, the sentiment is Negative. The current price of 2.13 is below the 20-day moving average (MA) of 4.05, below the 50-day MA of 3.85, and below the 200-day MA of 5.10, indicating a bearish trend. The MACD of -0.42 indicates Positive momentum. The RSI at 45.19 is Neutral, neither overbought nor oversold. The STOCH value of 25.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CNCK.

Coincheck Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HIFS	69 Neutral	$646.23M	14.44	10.23%	0.84%	8.26%	94.53%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FUFU	66 Neutral	$430.60M	6.93	38.27%	―	29.96%	66.09%
FOA	51 Neutral	$407.60M	-4.71	-0.27%	―	93.57%	-106.02%
CNCK	42 Neutral	$400.29M	-119.53	-1.11%	―	―	―

Coincheck Group Corporate Events

Coincheck Group Reports Monthly Trading and Account Growth

Coincheck Group N.V. released its preliminary monthly disclosure for Coincheck, Inc., covering the past twelve months up to November 2025. The report highlights fluctuations in exchange and marketplace trading volumes, customer assets, and the number of verified accounts. Notably, the exchange trading volume saw a significant decrease from December 2024 to November 2025, while the number of verified accounts steadily increased, indicating a growing user base despite the trading volume variations. These insights suggest potential shifts in market dynamics and customer engagement, impacting the company’s operations and positioning within the cryptocurrency industry.

Coincheck Group Expands Globally with Aplo Acquisition

On November 28, 2025, Coincheck Group N.V. announced the release of a presentation on its website detailing its operations and future strategies. The company highlighted its recent acquisition of the digital asset prime brokerage Aplo, marking its first geographic expansion outside Japan. This move aims to strengthen its institutional investor service offerings and enhance synergies with Monex Group companies. The acquisition aligns with Coincheck’s vision to become a global integrated tokenized financial service provider, as the company continues to pursue global M&A opportunities to enhance its capabilities in a tokenized world.

Coincheck Group Releases Interim Financial Statements for 2025

Coincheck Group N.V. has released its unaudited condensed consolidated interim financial statements for the periods ending September 30, 2025, and March 31, 2025. These statements, along with the management’s discussion and analysis of financial conditions and results of operations, provide insights into the company’s financial performance over the past months. This release is significant for stakeholders as it offers a detailed view of the company’s operational health and strategic positioning in the rapidly evolving cryptocurrency market.

Coincheck Group Reports Strong Q2 2026 Financial Results

On November 12, 2025, Coincheck Group N.V. announced its financial results for the second quarter of fiscal year ending March 31, 2026, reporting a significant 89% year-over-year increase in total revenue to ¥133.1 billion ($900 million). The company also highlighted a 92% increase in gross margin and a substantial rise in net income to ¥355 million ($2.4 million), driven by an increase in verified accounts, customer assets, and marketplace trading volume. Coincheck’s strategic moves, including the acquisition of Aplo SAS and a partnership with Mercoin, aim to expand its market reach and strengthen its position in the crypto industry.

Coincheck Group Awaits Key Earnings Announcement Following Monex’s Financial Update

On November 7, 2025, Coincheck Group’s controlling shareholder, Monex Group, released its financial results for the second quarter of the fiscal year ending March 31, 2026. The results included limited metrics related to Coincheck Group, presented under different accounting standards than those used by Coincheck Group. Coincheck Group plans to announce its own earnings on November 12, 2025. The announcement highlights the complexities of financial reporting across different regulatory environments and underscores the importance of Coincheck Group’s upcoming earnings release for stakeholders.

Coincheck Group Releases October 2025 Trading Volume and Customer Data

Coincheck Group N.V. has released preliminary monthly disclosure information for Coincheck, Inc. for the past twelve months, ending October 2025. The data shows fluctuations in exchange and marketplace trading volumes, customer assets, and the number of verified accounts. Notably, the exchange trading volume reached 461,239 million yen in October 2025, indicating a recovery from previous months. This update provides stakeholders with insights into the company’s operational performance and market activity, although the figures are preliminary and unaudited.

Coincheck Group Releases Preliminary Monthly Trading Data

Coincheck Group N.V. has released its preliminary monthly disclosure for Coincheck, Inc., detailing trading volumes, customer assets, and verified accounts over the past year. The report highlights fluctuations in exchange and marketplace trading volumes, with significant activity noted in November 2024 and January 2025. The number of verified accounts has steadily increased, reaching over 2.4 million by September 2025. This disclosure provides stakeholders with insights into Coincheck’s operational performance and market engagement, despite the preliminary nature of the data.