Coinbase Global, Inc. (COIN) — Financial statements
Income statement, balance sheet, and cash flow for Coinbase Global, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 7,181↑9.4% | 6,564↑111.2% | 3,108↓2.7% | 3,194↓59.3% | 7,839 | |
| Cost of Revenue | 1,821↑9.9% | 1,658↑46.0% | 1,136↑80.3% | 630↓63.8% | 1,739 | |
| Gross Profit | 5,360↑9.2% | 4,906↑148.7% | 1,973↓23.1% | 2,564↓58.0% | 6,101 | |
| Operating Expenses | ||||||
| R&D Expenses | 1,671↑13.8% | 1,468↑10.8% | 1,325↓43.1% | 2,326↑80.1% | 1,292 | |
| General & Administrative Expenses | 955↑38.1% | 691↑37.4% | 503↓68.6% | 1,601↑204.7% | 525 | |
| Selling & Marketing Expenses | 922↑83.2% | 503↑167.0% | 189↓63.0% | 510↓11.6% | 577 | |
| SG&A Expenses | 1,877↑57.1% | 1,195↑72.7% | 692↓67.2% | 2,111↑91.5% | 1,102 | |
| Other Expenses | 377↑690.7% | -64↓154.0% | 118↓85.9% | 838↑32.9% | 630 | |
| Operating Expenses | 3,925↑51.0% | 2,599↑21.8% | 2,134↓59.5% | 5,275↑74.4% | 3,024 | |
| Total Costs & Expenses | 5,746↑35.0% | 4,257↑30.2% | 3,270↓44.6% | 5,904↑24.0% | 4,763 | |
| Operating Results | ||||||
| Operating Income | 1,435↓37.8% | 2,307↑1527.2% | -162↑94.0% | -2,710↓188.1% | 3,077 | |
| Depreciation & Amortization | 188↑47.8% | 128↓8.7% | 140↓9.4% | 154↑142.1% | 64 | |
| EBITDA | 1,796↓43.0% | 3,151↑2064.6% | 146↑105.2% | -2,822↓190.4% | 3,120 | |
| EBIT | 1,607↓46.8% | 3,023↑50960.4% | 6↑100.2% | -2,976↓197.4% | 3,056 | |
| Interest & Other Income | ||||||
| Net Interest Income | -85↓5.9% | -81↑2.6% | -83↑6.9% | -89↓204.9% | -29 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 85↑5.9% | 81↓2.6% | 83↓6.9% | 89↑204.9% | 29 | |
| Non-Operating Income | -172↑76.0% | -716↓327.3% | -168↓163.1% | 265↑1197.3% | 20 | |
| Other Income / Expenses | 87↓86.4% | 635↑649.2% | 85↑123.9% | -354↓614.1% | -50 | |
| Income Before Tax | 1,522↓48.3% | 2,943↑3929.3% | -77↑97.5% | -3,065↓201.2% | 3,027 | |
| Income Tax Expense | 262↓28.0% | 364↑311.7% | -172↑60.9% | -440↑26.4% | -597 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,260↓51.1% | 2,579↑2618.5% | 95↑103.6% | -2,625↓172.4% | 3,624 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,260↓51.1% | 2,579↑2618.5% | 95↑103.6% | -2,625↓172.4% | 3,624 | |
| Bottom-Line Net Income | 1,260↓51.4% | 2,591↑2634.8% | 95↑103.6% | -2,631↓182.5% | 3,190 | |
| EPS (Basic) | 4.85↓53.5% | 10.42↑2505.0% | 0.40↑103.4% | -11.84↓167.8% | 17.47 | |
| EPS (Diluted) | 4.45↓53.1% | 9.48↑2462.2% | 0.37↑103.1% | -11.83↓181.6% | 14.50 | |
| Weighted Average Shares | 260↑5.1% | 247↑4.9% | 236↑6.1% | 222↑25.4% | 177 | |
| Weighted Average Diluted Shares | 287↑5.1% | 273↑7.5% | 254↑14.4% | 222↑1.1% | 220 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.