CoinSwitch swings to profitability in FY26 as crypto platform’s revenue climbs 150% to Rs 324 crore
CoinSwitch achieved profitability based on Adjusted EBITDA for FY26, with revenue growth of 150%. The company's revenue reached Rs 324.19 crore, leading to an Adjusted EBITDA margin increase to 27%. Operating costs increased by 37%, contributing to improved operating leverage. The platform focused on expanding its active user base and educating newcomers about crypto. CoinSwitch now serves over 2…
CoinSwitch, the Indian crypto investing and trading platform, reported a profitable FY26, marking a significant turnaround in its financial performance. Adjusted EBITDA rose to Rs 86.38 crore, up more than 50-fold from Rs 1.65 crore in FY25, leading to a 27% margin. Revenue climbed 150% year-on-year to Rs 324.19 crore, while operating costs increased by 37% to Rs 270.07 crore.
The company attributes its improved operating leverage to the slowed growth in its cost base, which allowed a larger share of revenue to contribute to profitability. Additionally, revenue per employee more than doubled during the year despite an 11% increase in the employee base. CoinSwitch's co-founder, Ashish Singhal, emphasized the importance of building a scalable business without compromising discipline.
The platform continued to expand its user base and focus on educational initiatives to help first-time users understand crypto. CoinSwitch, founded in 2017, now supports over 450 coins and is backed by prominent global investors.
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