Coincheck’s Q2 2026 financials show total revenue of ¥133.1 billion, an 89 % increase from ¥70.3 billion in the same quarter last year and a 58 % rise from ¥84.0 billion in the prior quarter. The jump is driven by a 121 % rise in verified account activity, a 95 % increase in customer assets under management, and a 110 % surge in marketplace trading volume, all of which reflect a rebound in crypto asset prices and stronger retail demand in Japan’s regulated market.
Net income for the quarter rose to ¥355 million, a dramatic turnaround from the ¥15 million profit reported in Q2 2025 and from the ¥1.377 billion loss recorded in Q1 2026. Gross margin expanded to ¥3.9 billion, up 92 % from ¥2.0 billion in Q2 2025 and 45 % from ¥2.7 billion in Q1 2026, largely due to higher mix of fee‑based marketplace transactions and improved operational leverage as trading volumes scale.
The marketplace platform remains the core revenue engine, with verified accounts and customer assets fueling fee income. The 121 % increase in verified accounts indicates a growing user base, while the 95 % rise in assets under management shows deeper engagement. Together, these factors lifted fee revenue and contributed to the strong gross margin expansion.
Coincheck has also broadened its service portfolio through strategic acquisitions and partnerships. The October 14 acquisition of Aplo SAS, a digital‑asset prime brokerage, positions the company to capture institutional trading demand. A partnership with Mercoin expands access to Mercari users, and the launch of Coincheck Staking has doubled staking revenue to ¥794 million in Q2 2026, underscoring the company’s move into diversified crypto‑asset services.
Management did not provide forward guidance in the release, leaving investors without updated revenue or margin targets for the next quarter. The absence of guidance suggests a cautious outlook amid ongoing market volatility, but the strong profitability and margin expansion signal confidence in the company’s operational model and strategic initiatives.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.