Coinshares officially reported its fiscal year 2025 financial results on May 1, 2026, marking its first annual filing as a U.S.-listed company.
Key Takeaways:
Coinshares PLC reported $7.4 billion in gross AUM for FY2025 following its April 1, 2026, Nasdaq listing. The firm’s asset management revenue rose 13.1% to $126.4 million, maintaining a steady 170 basis point yield. Following the CSHR ticker debut, Coinshares aims to expand its global franchise across Europe and the U.S. Coinshares Nasdaq DebutThe company’s flagship product, Coinshares Physical, secured the top spot in Europe for net inflows during 2025, according to data from ETFbook. This momentum helped drive asset management revenue up by 13.1% to reach $126.4 million. Total revenue for the year was clocked at $165.7 million, a 6.5% increase over the previous year’s performance.
Operating income for the period rose 1.6% to $127.0 million, supported by a disciplined approach to cost control. Management noted that operating expenses actually fell nearly 3% year over year. Segment EBITDA followed suit, rising 5.4% to $131.3 million, which reflects a healthy 66% margin for the digital asset platform.
Net income for the 2025 fiscal year was reported at $114.3 million. While this was lower than the $162.4 million recorded in 2024, the discrepancy was largely due to non-recurring items. The prior year’s figures were bolstered by a $36.8 million gain from the sale of an FTX bankruptcy claim, a one-time windfall that did not repeat in 2025.
“Our April 1, 2026, listing on Nasdaq marks another step in our journey to convert Coinshares into a global asset management franchise,” the co-founder remarked.
With the acquisition of Valkyrie Funds providing a foothold in the American market, Coinshares is now positioning itself to serve a broader range of institutional and retail clients on both sides of the Atlantic. The company expects the Nasdaq listing to further support the build-out of its international operations.
