Coincheck Group N.V. (CNCK) Cash Flow Statement
Where CNCK’s cash came from and went, FY2026
March 31, 2026 · Japanese yen- Cash from operations
- −¥1.22B
- Capital expenditures
- ¥80.6M 0.0% of revenue
- Free cash flow
- −¥1.30B −0.3% margin
- Returned to shareholders
- —
- Change in cash
- −¥14.26B cash at year-end ¥59.74B
Cash from operations
−¥1.22B
Capital expenditures
−¥80.6M
Investments (net)
−¥10.0M
Acquisitions & other
+¥386.4M
Net borrowing (repayment)
+¥1.20B
Other financing
+¥72.3M
Currency & other
−¥14.60B
Change in cash
−¥14.26B
Drawn to scale: where the cash came from and how it was used. Hover for values.
CNCK operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
CNCK cash flow trends, FY2020–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | ¥3.50BFY2020 | −¥1.22BFY2026 | — | |
| Capital expenditures | ¥147.0MFY2020 | ¥80.6MFY2026 | −9.5%/yr | |
| Free cash flow | ¥3.35BFY2020 | −¥1.30BFY2026 | — | |
| Free cash flow margin | 87.9%FY2020 | −0.3%FY2026 | −88.2 pts | |
| Operating cash flow / net income | 16.75FY2020 | 1.37FY2024 | −15.37 | |
| Stock-based compensation | ¥32.0MFY2020 | ¥1.32BFY2026 | +85.9%/yr | |
| Dividends paid | ¥0FY2021 | ¥0FY2025 | — | |
| Capex / revenue | 3.9%FY2020 | 0.0%FY2026 | −3.8 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CNCK cash flow by activity
OperatingInvestingFinancingChange in cash
CNCK net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
CNCK cash flow statement in Japanese yen
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | −¥1.94B | −¥13.36B | ¥2.84B | −¥846.0M | ¥13.92B | ¥13.68B | ¥209.0M |
| Depreciation & amortization | ¥774.0M | ¥727.0M | ¥679.0M | ¥483.0M | ¥448.0M | ¥409.0M | ¥563.0M |
| Stock-based compensation | ¥1.32B | ¥0 | ¥0 | ¥0 | ¥60.0M | ¥34.0M | ¥32.0M |
| Change in working capital | −¥644.7M | −¥915.0M | ¥722.0M | −¥1.31B | −¥1.25B | −¥13.00B | ¥2.77B |
| Other non-cash items | −¥729.4M | ¥11.63B | −¥339.0M | −¥2.13B | −¥5.77B | −¥88.0M | −¥69.0M |
| Cash from operating activities | −¥1.22B | −¥1.92B | ¥3.90B | −¥3.80B | ¥7.40B | ¥1.03B | ¥3.50B |
| Investing activities | |||||||
| Capital expenditures | −¥80.6M | −¥700.0M | −¥308.0M | −¥391.0M | −¥221.0M | −¥196.0M | −¥147.0M |
| Investments (net) | −¥10.0M | −¥903.0M | −¥435.0M | −¥749.0M | −¥219.0M | −¥269.0M | — |
| Acquisitions & other investing | ¥386.4M | ¥700.0M | ¥308.0M | ¥391.0M | ¥221.0M | ¥196.0M | ¥117.0M |
| Cash from investing activities | ¥295.8M | −¥903.0M | −¥435.0M | −¥749.0M | −¥219.0M | −¥269.0M | −¥30.0M |
| Financing activities | |||||||
| Dividends paid | — | ¥0 | ¥0 | −¥5.00B | −¥7.00B | ¥0 | — |
| Net borrowing (repayment) | ¥1.20B | ¥158.0M | −¥327.0M | −¥455.0M | −¥40.0M | — | — |
| Shares issued | ¥0 | ¥0 | ¥0 | ¥0 | ¥392.0M | ¥16.0M | ¥0 |
| Other financing | ¥72.3M | ¥407.0M | ¥0 | ¥0 | −¥1.0M | −¥241.0M | −¥240.0M |
| Cash from financing activities | ¥1.27B | ¥565.0M | −¥327.0M | −¥5.46B | −¥6.65B | −¥225.0M | −¥240.0M |
| Summary | |||||||
| Net change in cash | −¥14.26B | −¥2.25B | ¥3.14B | −¥10.01B | ¥535.0M | ¥540.0M | ¥3.23B |
| Cash at end of period | ¥59.74B | ¥8.58B | ¥10.84B | ¥7.70B | ¥17.70B | ¥17.17B | ¥16.63B |
| Free cash flow | −¥1.30B | −¥2.62B | ¥3.59B | −¥4.19B | ¥7.18B | ¥838.0M | ¥3.35B |
| Free cash flow margin | −0.3% | −0.7% | 1.6% | −2.4% | 1.0% | 0.2% | 87.9% |
| Capex / revenue | 0.0% | 0.2% | 0.1% | 0.2% | 0.0% | 0.0% | 3.9% |
| Operating cash flow / net income | — | — | 1.37 | — | 0.53 | 0.08 | 16.75 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −¥1.21B | −¥1.24B | ¥405.0M | ¥903.0M | −¥1.25B | ¥883.0M | −¥14.91B | ¥21.0M | ¥645.0M | ¥2.80B | ¥590.0M | −¥159.0M |
| Depreciation & amortization | ¥293.0M | ¥120.0M | ¥305.0M | ¥185.0M | ¥164.0M | ¥253.0M | ¥149.0M | ¥142.0M | ¥183.0M | ¥248.0M | ¥114.0M | ¥165.0M |
| Stock-based compensation | ¥330.0M | ¥385.0M | ¥316.0M | ¥321.0M | ¥298.0M | — | ¥0 | ¥0 | ¥0 | — | — | — |
| Change in working capital | ¥64.0M | ¥570.6M | ¥1.59B | −¥2.58B | ¥2.06B | −¥1.93B | ¥1.18B | −¥668.0M | ¥503.0M | −¥399.0M | ¥741.0M | ¥124.0M |
| Other non-cash items | −¥621.0M | −¥295.9M | −¥643.0M | −¥160.0M | −¥424.0M | −¥975.0M | ¥13.07B | ¥3.0M | −¥462.0M | −¥394.0M | −¥1.0M | ¥29.0M |
| Cash from operating activities | −¥1.14B | −¥459.6M | ¥1.97B | −¥1.33B | ¥846.0M | −¥1.77B | −¥511.0M | −¥502.0M | ¥869.0M | ¥2.26B | ¥1.44B | ¥159.0M |
| Investing activities | ||||||||||||
| Capital expenditures | −¥308.0M | −¥3.2M | −¥27.0M | −¥250.0M | −¥181.0M | −¥143.0M | −¥145.0M | −¥286.0M | −¥126.0M | −¥416.0M | −¥108.0M | −¥71.0M |
| Investments (net) | ¥20.0M | ¥90.0M | ¥0 | −¥250.0M | −¥281.0M | −¥379.0M | −¥145.0M | −¥286.0M | −¥93.0M | −¥143.0M | −¥116.0M | −¥87.0M |
| Acquisitions & other investing | ¥60.0M | ¥1.00B | −¥179.0M | ¥250.0M | ¥181.0M | ¥143.0M | ¥145.0M | ¥286.0M | ¥126.0M | ¥416.0M | ¥108.0M | ¥71.0M |
| Cash from investing activities | −¥228.0M | ¥1.09B | −¥206.0M | −¥250.0M | −¥281.0M | −¥379.0M | −¥145.0M | −¥286.0M | −¥93.0M | −¥143.0M | −¥116.0M | −¥87.0M |
| Financing activities | ||||||||||||
| Net borrowing (repayment) | −¥2.13B | −¥88.0M | −¥115.0M | −¥94.0M | ¥1.50B | −¥1.99B | ¥2.35B | −¥94.0M | — | — | — | — |
| Shares issued | ¥10.00B | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
| Other financing | ¥0 | −¥23.6M | ¥0 | ¥0 | ¥0 | ¥0 | ¥407.0M | ¥0 | −¥103.0M | −¥145.0M | −¥43.0M | −¥70.0M |
| Cash from financing activities | ¥7.87B | −¥111.6M | −¥115.0M | −¥94.0M | ¥1.50B | −¥1.99B | ¥2.75B | −¥94.0M | −¥103.0M | −¥145.0M | −¥43.0M | −¥70.0M |
| Summary | ||||||||||||
| Net change in cash | ¥6.62B | −¥7.20B | ¥1.68B | −¥1.67B | ¥2.05B | −¥4.09B | ¥2.04B | −¥882.0M | ¥673.0M | ¥1.97B | ¥1.28B | ¥2.0M |
| Cash at end of period | ¥16.08B | ¥59.74B | ¥10.65B | ¥8.97B | ¥10.64B | ¥8.58B | ¥12.67B | ¥10.63B | ¥11.51B | ¥10.84B | ¥8.87B | ¥7.58B |
| Free cash flow | −¥1.45B | −¥462.8M | ¥1.95B | −¥1.58B | ¥665.0M | −¥1.91B | −¥656.0M | −¥788.0M | ¥743.0M | ¥1.84B | ¥1.34B | ¥88.0M |
| Free cash flow margin | −1.3% | −0.4% | 1.4% | −1.2% | 0.8% | −1.7% | −0.5% | −1.1% | 1.0% | 1.8% | 2.3% | 0.2% |
| Capex / revenue | 0.3% | 0.0% | 0.0% | 0.2% | 0.2% | 0.1% | 0.1% | 0.4% | 0.2% | 0.4% | 0.2% | 0.2% |
| Operating cash flow / net income | — | — | 4.87 | −1.47 | — | −2.01 | — | −23.90 | 1.35 | 0.81 | 2.45 | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in Japanese yen as reported; data from EODHD.
CNCK cash generation
In fiscal 2026 (ended March 31, 2026), Coincheck generated -¥1.2 billion of cash from operations and spent ¥80.6 million on capital expenditures, leaving free cash flow of -¥1.3 billion, −0.3% of revenue. Cash and equivalents fell by ¥14.3 billion over the year.
Related: CNCK income statement, CNCK balance sheet. See the CNCK stock overview for the latest quote and news.
CNCK cash flow FAQ
What is Coincheck's free cash flow?
Coincheck's free cash flow was -¥1.3 billion in fiscal 2026: -¥1.2 billion of operating cash flow minus ¥80.6 million of capital expenditures It was -¥2.6 billion a year earlier..
How much cash does Coincheck generate from operations?
Coincheck generated -¥1.2 billion of cash from operating activities in fiscal 2026.
How much does Coincheck spend on capital expenditures?
Coincheck spent ¥80.6 million on capital expenditures in fiscal 2026, 0.0% of revenue, compared with ¥700.0 million the year before.