CSHR (CoinShares) Total Operating Expense: $-420.9 Mil (TTM As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

CSHR CoinShares PLC CSHR
71 GF Score
Price $4.87
GF Value $14.26
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is CoinShares Total Operating Expense?

CoinShares CSHR +14.75% 71 Total Operating Expense is $-420.9 Mil as of Dec. 2025. GuruFocus rates CSHR with a GF Score™ of 71/100 and a GF Value™ of $14.26 (Possible Value Trap). The stock has 6 warning signs investors should review.

CoinShares's Total Operating Expense for the three months ended in Dec. 2025 was $0.0 Mil. CoinShares's Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 was $-420.9 Mil.


CoinShares Total Operating Expense Related Terms


CoinShares Total Operating Expense Historical Data

* Premium members only.

The historical data trend for CoinShares's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CoinShares Total Operating Expense Chart

CoinShares Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Total Operating Expense
Get a 7-Day Free Trial 3.07 -3.17 16.91 33.08 28.71

CoinShares Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Dec25
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -61.63 -382.88 981.77 -958.13 0.00
CSHR
71GF Score
CoinShares PLC CSHR
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CoinShares Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was $-420.9 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of $-420.9 Mil mean?
CoinShares (CSHR) has a Total Operating Expense of $-420.9 Mil as of Dec. 2025. Total operating expense is the primary recurring expense associated with central operations. View historical data on CoinShares and its competitors.
Is CoinShares' Total Operating Expense too high?
CoinShares' current Total Operating Expense is $-420.9 Mil. Overall, CoinShares has a GF Score™ of 71/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does CoinShares' Total Operating Expense compare to GEMI and BTGO?
CoinShares' Total Operating Expense of $-420.9 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for a Capital Markets company?
A good Total Operating Expense depends on the Capital Markets industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on CoinShares and its competitors. CoinShares's current Total Operating Expense is $-420.9 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CoinShares stock overvalued right now?
Based on GuruFocus' analysis, CoinShares (CSHR) is currently considered Possible Value Trap. The stock's GF Value™ is $14.26, compared to a current price of $4.87 — trading 65.8% below its estimated fair value. The current Total Operating Expense is $-420.9 Mil. CoinShares' overall GF Score™ is 71/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For CoinShares (CSHR), the current Total Operating Expense is $-420.9 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CoinShares (CSHR) Overvalued in 2026?

Based on GuruFocus' analysis, CoinShares stock appears to be undervalued. The current stock price of $4.87 is trading 65.8% below its estimated GF Value™ of $14.26. GuruFocus considers CoinShares to be Possible Value Trap.

Key valuation signals for CSHR:

  • Total Operating Expense: $-420.9 Mil
  • GF Value™: $14.26 vs. price of $4.87 (65.8% below fair value)
  • GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the CSHR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


CoinShares Business Description

Other Exchanges Y2U:Germany
Address 2 Hill Street, Saint Helier, JEY, JE2 4UA
CoinShares PLC is the European digital asset manager that delivers a broad range of financial services across investment management, trading, and securities to a wide array of clients that include corporations, financial institutions, and individuals.
71GF Score

Get the complete analysis for CSHR

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.87
Price
$14.26
GF Value