CoinShares PLC (CSHR) AI Stock Analysis
CSHR AI stock analysis summary
AI ResearchCoinShares PLC is a digital asset and blockchain financial product provider operating across Asset Management, Capital Markets, and Principal Investments. In FY2025, revenue increased 48.9% to $163.2M, though operating cash flow was -$119,411. As of June 30, 2026, the company held $44.9M in net cash with total debt of $2.1M.
- Market cap
- $511.3M
- Revenue (TTM)
- $137.2M
- P/E
- 4.3x fwd 2.8x
- 1Y return
- — S&P 500 16.8%
- Avg. target
- $9.00 132.0% vs last close
Bull case
- Revenue grew 48.9% in FY2025 to reach $163.2M, supported by a 4-year revenue CAGR of 10.6% from FY2021 to FY2025.
- The balance sheet holds $44.9M in net cash with total debt of just $2.1M as of June 30, 2026.
- Wall Street analysts project FY2027 EPS will rebound by 529.4% to $0.54 alongside 34.1% revenue growth.
Bear case
- For the quarter ended March 31, 2026, revenue dropped 48.9% and earnings fell 58.9% year-over-year.
- Operating margin over the trailing twelve months was -3433.2%, accompanied by an operating margin of -2.4% in FY2025.
- Analyst estimates project full-year FY2026 revenue of $83.6M, representing a sharp decrease from $163.2M in FY2025.
What CoinShares does
CoinShares PLC creates financial products connected to digital assets and blockchain technology from its headquarters in Saint Helier, Jersey. Incorporated in 2008, the company operates across three segments: Asset Management, Capital Markets, and Principal Investments. Its product lineup includes CoinShares Physical, CoinShares Valkyrie, CoinShares XBT, and The Blockchain Global Equity Index. In addition to digital asset investment products, CoinShares provides hedge fund solutions, indices, venture services, and capital markets services.
Growth and profitability
Revenue reached $163.2M in FY2025, up 48.9% from $109.6M in FY2024 and delivering a 4-year revenue CAGR of 10.6% from FY2021. Gross margin was 75.7% in FY2025, while operating margin was -2.4% and net income totaled $5.5M. This marked a decrease from net income of $130.9M and net margin of 119.5% in FY2024. Over the trailing twelve months, revenue was $137.2M with a profit margin of 9.3% and EPS of $0.91. For the latest quarter ended March 31, 2026, quarterly revenue fell 48.9% year-over-year, and quarterly earnings declined 58.9%.
Balance sheet and cash flow
As of June 30, 2026, CoinShares held $47.1M in cash and short-term investments against total debt of $2.1M, yielding net cash of $44.9M and a debt-to-equity ratio of 0.00. Total assets stood at $3.52B, while shareholders' equity was $453.2M, supporting a current ratio of 1.14. Free cash flow for FY2025 was -$119,412, improving from -$89.1M in FY2024. During FY2025, cash usage included $2.1M for capital expenditures, $10.6M for share buybacks, and $25.1M in dividends paid.
Valuation and performance
CSHR closed at $3.88 on October 16, 2026, trading near its 52-week low of $3.51 and below its 52-week high of $12.04. The stock carries a trailing P/E of 4.3x and forward P/E of 2.8x, compared to 12.1x trailing and 10.8x forward for the median of its US-listed Financial Services peers. Its price-to-sales ratio of 3.7x and EV-to-EBITDA of 27.3x compare to peer medians of 3.2x and 11.7x, respectively. The company has a market capitalization of $511.3M and an enterprise value of $727.3M.
What analysts expect
Two analysts cover CoinShares, with 1 Strong Buy and 1 Buy rating. Their mean price target is $9.00, representing an upside of 132.0% from the last close of $3.88. For the fiscal year ending December 31, 2026, analysts estimate revenue of $83.6M and EPS of $0.09, implying an EPS reduction of 95.1%. For the following fiscal year, 2 analysts project revenue of $112.1M and EPS of $0.54, reflecting 529.4% EPS growth. The next earnings date is November 11, 2026.
Key risks and what to watch
- Quarterly financial results show severe volatility, evidenced by a 48.9% revenue decline in the quarter ended March 31, 2026.
- Free cash flow has remained negative in four of the past five years, including -$119,412 in FY2025 and -$89.1M in FY2024.
- High insider ownership of 55.5% concentrates voting control among internal stakeholders.
- The stock is trading down from its 52-week high of $12.04, reflecting significant price swings.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this CSHR AI stock analysis
This page is an AI-written research summary of CoinShares PLC (CSHR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: CSHR income statement, CSHR balance sheet, CSHR key metrics, CSHR analyst forecast, CSHR chart. See the CSHR stock overview for the latest quote and news.
CSHR AI stock analysis FAQ
What does CoinShares PLC do?
CoinShares PLC creates and manages financial products tied to digital assets and blockchain technology. Headquartered in Jersey, it operates across Asset Management, Capital Markets, and Principal Investments segments.
What is CoinShares' valuation compared to peers?
CoinShares trades at a trailing P/E of 4.3x and forward P/E of 2.8x, both below the median of its US-listed Financial Services peers of 12.1x and 10.8x. However, its EV-to-EBITDA ratio of 27.3x sits above the peer median of 11.7x.
Does CoinShares have debt?
As of June 30, 2026, CoinShares held $2.1M in total debt against $47.1M in cash and short-term investments, resulting in net cash of $44.9M and a debt-to-equity ratio of 0.00.
What are analysts forecasting for CSHR stock?
Analysts have 1 Strong Buy and 1 Buy rating on CoinShares with a mean price target of $9.00, which is 132.0% above its last close of $3.88. They expect EPS to drop 95.1% to $0.09 in FY2026 before rising to $0.54 in FY2027.