CSHR · NASDAQ · Financial - Capital Markets

CoinShares (CSHR)

Builds digital-asset investment products and capital-markets capabilities for institutional markets.

$5.91
vs last close−0.05 (−0.86%)
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CoinShares PLC Ordinary SharesCSHR
Financial sector

Manages digital-asset investment products, including crypto ETPs, and earns fee-based asset-management revenue alongside capital-markets activities. Its Nasdaq-listed parent was created through a 2026 business combination, while the operating business dates to 2013.

Manages digital-asset investment products, with crypto exchange-traded products (ETPs) at the center of its asset-management business. Fee-based asset-management revenue sits alongside capital-markets activities that support product operations, execution and balance-sheet management.

The platform relies on cross-border product structuring, risk management and regulatory engagement. The group expanded its U.S. asset-management business by acquiring Valkyrie Funds in 2024.

Operating roots date to 2013, but the current Jersey public parent was formed for a business combination completed in March 2026. CSHR began trading on Nasdaq on April 1, 2026, making the Nasdaq parent a new vehicle for the established operating business.

Company facts

CEOJean-Marie Mognetti
ListedApr 1, 2026
ExchangeNASDAQ
HeadquartersSaint Helier, Jersey
CountryJersey
Employees93
CIK0002087587
ISINJE00BS6SC522

Market cap$785.4M
EPS (ttm)
P/E (ttm)
ROE
P/B1.73
P/S
Dividend yieldDiv yield
Beta0.93vs XLF 0.21

No analyst consensus on record.

EPSReportedEstimate

Jun '26
Reported$0.10
Estimate$0.10
Surprise0.0%

RevenueReportedEstimate

Jun '26
Reported$38.0M
Estimate$40.1M
Surprise−5.2%
Estimate$0.10
Reported$0.100.0%
Estimate$40.1M
Reported$38.0M−5.2%
View details

Debt to equity0.50%
Current ratio113.60%

ProfitabilityRevenueNet incomeNet margin

Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25
Revenue$0$26.7M$31.9M$29.6M$30.0M$0$0
Net income−$32.4K$19.0M$40.1M$23.6M$32.3M$586.0K$1.3M
Net margin71.2%125.8%79.6%107.6%

GrowthOperating income

Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25
Operating income−$32.4K$21.9M$40.7M$25.8M$33.2M−$1.8M−$969.0K
YoY growthTurned profitTurned lossTurned loss

Balance sheet, Jun 30, 2026Cash & short-term investments $47.1M · Total debt $2.1M · Total assets $3.52B · Shareholders' equity $453.2M

Revenue
$0
Operating income
−$969.0K
Net income
$1.3M

Reported in GBP, converted at the latest exchange rate

View details

No dividends on record.

Institutions9.32%12.28M shares
25 holders · as of Jun 30, 2026
Insiders44.46%58.59M shares
4 holders · as of Sep 18, 2026
Other46.22%60.90M shares
remainder

131.78M company shares as of Aug 27, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Jean-Marie MognettiInsiderdirector, 10 percent owner, officer: Chief Executive Officer
16.44%21.67Mfiled Apr 2, 2026
Daniel MastersInsiderdirector, 10 percent owner
16.40%21.61Mfiled Sep 18, 2026
Newton Russell PaulInsider
11.55%15.22Mfiled Jul 1, 2026
Alyeska Investment Group, L.P.Institution
5.74%7.56Mas of Jun 30, 2026
Goldman Sachs Group IncInstitution
1.18%1.56Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 18, 2026Daniel Mastersdirector, 10 percent owner: −60,790$5.39
Sep 17, 2026Daniel Mastersdirector, 10 percent owner: −60,790$5.06
Sep 16, 2026Daniel Mastersdirector, 10 percent owner: −60,790$4.79
View details

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