Shares of Coincheck Group N.V. (NASDAQ: CNCK) plummeted 5.63% in Tuesday's trading session following the release of its fourth-quarter and full-year financial results for the fiscal year ended March 31, 2025. Despite reporting year-over-year revenue growth, the cryptocurrency exchange operator's earnings fell short of expectations, leading to a significant sell-off.

Coincheck reported a 13% year-over-year increase in total revenue to 114.6 billion yen ($764 million) for the fourth quarter. However, this figure represented a 7% decrease from the previous quarter and fell below the FactSet analyst estimate of 129.69 billion yen. More concerning for investors was the sharp decline in net profit, which dropped to 642 million yen ($4.3 million) from 1.95 billion yen in the same quarter last year.

The company's full-year results painted a mixed picture. While total revenue for fiscal 2025 surged 71% to 383.3 billion yen ($2,557 million), Coincheck reported a net loss of 14.35 billion yen ($95.7 million) for the year, compared to a net profit of 1.97 billion yen in the previous fiscal year. The substantial loss was primarily attributed to transaction expenses related to the company's recent de-SPAC business combination. Despite these challenges, Coincheck highlighted positive metrics such as a 16% increase in verified accounts and a 15% rise in customer assets year-over-year.