Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Coinbase Global Inc. Revenue & Financial Statements
Coinbase Global Inc. reported revenue of $7.2B for the fiscal year ended December 31, 2025, up 9.4% year over year, with net income of $1.3B and diluted EPS of $4.45.
- Company
- Coinbase Global Inc. COIN · NASDAQ
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 7.8B | 3.2B | 3.1B | 6.6B | 7.2B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | 3.1B | (2.7B) | (161.7M) | 2.3B | 1.4B |
| Pretax income | 49.5M | 7.4M | 36.2M | 32.9M | (96.9M) |
| Net income | 3.6B | (2.7B) | 103.2M | 2.6B | 1.3B |
| Diluted EPS | 14.50 | -11.83 | 0.37 | 9.48 | 4.45 |
| EBITDA | 3.1B | (2.6B) | (22.0M) | 2.4B | 1.6B |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.6B | 1.4B | 1.2B | 2.3B | 2.0B | 1.5B | 1.9B | 1.8B |
| Cost of revenue | — | — | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — | — | — |
| Operating income | 760.5M | 343.1M | 169.5M | 1.0B | 705.8M | (24.6M) | 480.5M | 273.8M |
| Pretax income | 1.4B | (60.2M) | 68.6M | 1.5B | 82.5M | 1.8B | 502.1M | (886.3M) |
| Net income | 1.2B | 33.4M | 86.9M | 1.3B | 73.6M | 1.5B | 436.1M | (666.7M) |
| Diluted EPS | 4.40 | 0.14 | 0.28 | 4.72 | 0.24 | 5.14 | 1.50 | -2.40 |
| EBITDA | 789.8M | — | 200.2M | 1.1B | 739.1M | — | 530.6M | 344.9M |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 21.3B | 89.7B | 207.0B | 22.5B | 29.7B |
| Current assets | 18.4B | 86.4B | 203.5B | 18.1B | 20.4B |
| Cash & equivalents | 7.1B | 4.4B | 5.1B | 8.5B | 11.3B |
| Total liabilities | 14.9B | 84.3B | 200.7B | 12.3B | 14.9B |
| Current liabilities | 11.4B | 80.8B | 197.7B | 7.9B | 8.7B |
| Long-term debt | 3.4B | 3.4B | 3.0B | 4.2B | 5.9B |
| Total debt | 3.4B | 3.4B | 3.0B | 4.2B | 6.4B |
| Stockholders’ equity | 6.4B | 5.5B | 6.3B | 10.3B | 14.8B |
| Net debt | (3.7B) | (1.0B) | (2.2B) | (4.3B) | (4.9B) |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 10.7B | (1.6B) | 923.0M | 2.6B | 2.4B |
| Investing cash flow | (1.1B) | (663.8M) | 5.4M | (282.4M) | (2.0B) |
| Financing cash flow | 3.3B | (5.8B) | (811.3M) | 2.8B | 740.3M |
| Capital expenditure | 2.9M | 2.9M | — | — | — |
| Free cash flow | 10.7B | (1.6B) | — | — | — |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 820.7M | 1.6B | 780.7M | 912.8M | 839.4M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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