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Form 8-K · Current Report · Filed 2025-10-30

Coinbase Q3 2025 Financial Results and Shareholder Letter

Coinbase Global, Inc. announced its financial results for the quarter ended September 30, 2025, with total revenue of $1.79 billion, a 60% increase from the same quarter last year. The company reported net income of $433 million and Adjusted EBITDA of $800.655 million. The results also included non-GAAP financial measures and an outlook for Q4 2025. A shareholder letter was furnished as Exhibit 99.1 to this Current Report on Form 8-K.

Filer
Coinbase Global Inc. COIN · NASDAQ
Filed
Accession
0001679788-25-000207
CIK
0001679788
Signal
High impactFinancial Services

Items reported

Item 2.02

Results of Operations and Financial Condition

General Statement Earnings Beat Raised Guidance
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$348.61

Next session

-1.4%

Since filing

-58.0%

Latest close

$146.26

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from COIN reporting the same item, with the next session's move:

About Coinbase Global Inc.

Coinbase Global Inc. is a financial technology company specializing in cryptocurrency exchange operations. Established in 2012 and headquartered in San Francisco, it has become a pivotal platform for buying, selling, and managing cryptocurrencies, serving both individual retail clients and professional institutions. Coinbase supports a wide range of digital assets, including Bitcoin, Ethereum, and numerous altcoins, providing users with a secure and user-friendly interface to manage their digital portfolios. The company plays a significant role in the burgeoning cryptocurrency industry, acting as a bridge between traditional financial markets and the decentralized digital asset space. Coinbase has been at the forefront of regulatory compliance and security in the cryptocurrency exchange industry, striving to uphold high standards to ensure investor trust. It also offers additional services like staking, custodial services, and educational resources, enhancing its ecosystem for all levels of cryptocurrency users. As a publicly traded company, Coinbase Global Inc. is an influential entity in shaping the landscape of digital finance and promoting the adoption of blockchain technologies globally.

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