Coinshares posts $165M revenue after Nasdaq debut

Coinshares PLC reported $165.7 million in revenue for fiscal year 2025 in its first annual filing as a US-listed company following its Nasdaq debut.

The firm disclosed $7.4 billion in assets under management as of December 31, 2025, slightly down from $8 billion a year earlier due to market volatility, despite generating $1.1 billion in net inflows.

Asset management revenue rose 13.1% to $126.4 million, with the company maintaining a stable 170 basis point fee yield amid industry-wide fee compression.

Operating income increased 1.6% to $127.0 million as expenses fell nearly 3%, while EBITDA rose 5.4% to $131.3 million, reflecting a 66% margin across the platform.

“Our April 1, 2026, listing on Nasdaq marks another step in our journey to convert Coinshares into a global asset management franchise,”

Said Coinshares CEO, Jean-Marie Mognetti.

Net income declined to $114.3 million from $162.4 million in 2024, primarily due to the absence of a prior one-off $36.8 million gain linked to an FTX-related asset sale.

The company ended the year with $481.3 million in available capital and is expanding across Europe and the US, supported by regulatory licences and its acquisition of Valkyrie Funds.