Coinbase Global Inc (COIN)

Name: Coinbase Global Inc Financial Statements
Creator: Quarter Results

Financial Services | Financial Data Stock Exchanges

Latest reporting period: 2025-03-31

Latest Quarter

2025-03-31

Revenue

$2.0B

Net Income

$65.6M

Operating Margin

34.7%

Free Cash Flow

$2.6B

Debt / Assets

54.4%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Coinbase Global Inc (COIN).
Income Statement (Quarterly)	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Revenue	2,034,295,000	2,271,637,000	1,128,597,000	1,379,942,000
Cost of Revenue	502,641,000	292,045,000	171,781,000	191,477,000
Gross Profit	1,531,654,000	1,979,592,000	956,816,000	1,188,465,000
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	442,014,000	588,346,000	495,157,000	485,377,000
Operating Expenses	825,848,000	805,582,000	787,303,000	915,034,000
Operating Income	705,806,000	1,034,069,000	169,513,000	343,117,000
Interest Expense	20,511,000	20,537,000	20,530,000	20,507,000
Income Before Tax	82,456,000	1,496,876,000	68,581,000	-60,237,000
Income Tax Expense	16,848,000	205,700,000	-6,914,000	-96,387,000
Net Income	65,608,000	1,291,176,000	75,495,000	36,150,000
Per Share
EPS	0.26	5.13	0.30	0.15
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Coinbase Global Inc (COIN).
Income Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Revenue	6,564,028,000	3,108,383,000	3,194,208,000	7,839,444,000	1,277,481,000
Cost of Revenue	1,657,547,000	420,705,000	629,880,000	1,267,924,000	135,514,000
Gross Profit	4,906,481,000	2,687,678,000	2,564,328,000	6,571,520,000	1,141,967,000
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	1,194,861,000	1,373,620,000	2,110,675,000	1,573,081,000	336,662,000
Operating Expenses	2,599,321,000	2,806,080,000	5,233,833,000	3,494,950,000	733,016,000
Operating Income	2,307,160,000	-161,662,000	-2,669,505,000	3,076,570,000	408,951,000
Interest Expense	80,645,000	82,766,000	88,901,000	0	0
Income Before Tax	2,942,644,000	-76,845,000	-3,064,582,000	3,026,947,000	409,199,000
Income Tax Expense	363,578,000	-171,716,000	-439,633,000	-597,173,000	86,882,000
Net Income	2,579,066,000	94,871,000	-2,624,949,000	3,624,120,000	322,317,000
Per Share
EPS	10.42	0.40	-11.81	17.29	1.76
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Coinbase Global Inc (COIN).
Balance Sheet (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Assets
Cash and Cash Equivalents	8,543,903,000	5,139,351,000	4,425,021,000	7,123,478,000
Short Term Investments	1,004,233,000	576,028,000	861,149,000	100,096,000
Net Receivables	914,946,000	425,441,000	464,817,000	457,256,000
Inventory	0	203,489,523,000	80,678,391,000	0
Total Current Assets	18,112,653,000	203,466,531,000	86,448,215,000	18,373,863,000
Property Plant Equipment	281,231,000	205,287,000	241,210,000	157,615,000
Goodwill and Intangibles	1,186,474,000	1,226,092,000	1,209,335,000	802,447,000
Total Assets	22,541,951,000	206,982,953,000	89,724,873,000	21,274,425,000
Liabilities
Account Payables	63,316,000	39,294,000	56,043,000	39,833,000
Short Term Debt	0	84,784,000	54,253,000	459,031,000
Total Current Liabilities	7,941,320,000	197,714,131,000	80,815,293,000	11,419,035,000
Long Term Debt	4,319,870,000	2,983,778,000	3,435,492,000	3,458,873,000
Total Liabilities	12,265,109,000	200,701,304,000	84,270,316,000	14,892,736,000
Shareholders Equity
Retained Earnings	4,960,901,000	1,820,346,000	1,725,475,000	4,350,424,000
Total Shareholders Equity	10,276,842,000	6,281,649,000	5,454,557,000	6,381,689,000

Balance sheet annual history for Coinbase Global Inc (COIN).
Balance Sheet (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Assets
Cash and Cash Equivalents	8,543,903,000	5,139,351,000	4,425,021,000	7,123,478,000	1,061,850,000
Short Term Investments	1,004,233,000	576,028,000	861,149,000	100,096,000	48,938,000
Net Receivables	914,946,000	425,441,000	464,817,000	457,256,000	189,471,000
Inventory	0	203,489,523,000	80,678,391,000	0	0
Total Current Assets	18,112,653,000	203,466,531,000	86,448,215,000	18,373,863,000	5,133,948,000
Property Plant Equipment	281,231,000	205,287,000	241,210,000	157,615,000	150,095,000
Goodwill and Intangibles	1,186,474,000	1,226,092,000	1,209,335,000	802,447,000	138,037,000
Total Assets	22,541,951,000	206,982,953,000	89,724,873,000	21,274,425,000	5,855,414,000
Liabilities
Account Payables	63,316,000	39,294,000	56,043,000	39,833,000	12,031,000
Short Term Debt	0	84,784,000	54,253,000	459,031,000	296,573,000
Total Current Liabilities	7,941,320,000	197,714,131,000	80,815,293,000	11,419,035,000	4,246,855,000
Long Term Debt	4,319,870,000	2,983,778,000	3,435,492,000	3,458,873,000	82,508,000
Total Liabilities	12,265,109,000	200,701,304,000	84,270,316,000	14,892,736,000	4,329,363,000
Shareholders Equity
Retained Earnings	4,960,901,000	1,820,346,000	1,725,475,000	4,350,424,000	726,304,000
Total Shareholders Equity	10,276,842,000	6,281,649,000	5,454,557,000	6,381,689,000	1,526,051,000

Cash flow quarterly history for Coinbase Global Inc (COIN).
Cash Flow Statement (Quarterly)	2024-12-31	2023-12-31	2022-12-31	2021-12-31
Operating Activities
Net Income	2,579,066,000	94,871,000	-2,624,949,000	3,624,120,000
Depreciation & Amortization	127,518,000	139,642,000	154,069,000	63,651,000
Stock Based Compensation	912,838,000	864,710,000	1,565,823,000	820,685,000
Change in Working Capital	-478,002,000	326,206,000	-1,031,448,000	6,833,297,000
Operating Cash Flow	2,556,844,000	922,951,000	-1,585,419,000	10,730,031,000
Investing Activities
Capital Expenditure	0	-63,202,000	-63,971,000	-85,783,000
Investments	0	-63,202,000	-63,971,000	-2,910,000
Investing Cash Flow	-282,385,000	5,392,000	-663,822,000	-1,124,740,000
Financing Activities
Debt Repayment	1,246,025,000	-324,015,000	-117,000	0
Common Stock Issued/Repurchased	0	0	-279,522,000	0
Dividends Paid	0	0	0	0
Financing Cash Flow	2,828,921,000	-811,332,000	-5,838,518,000	3,284,225,000
Summary
Free Cash Flow	2,556,844,000	859,749,000	-1,649,390,000	10,644,248,000
Net Change in Cash	5,055,013,000	125,783,000	-8,251,016,000	12,824,633,000

Cash flow annual history for Coinbase Global Inc (COIN).
Cash Flow Statement (Annual)	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31
Operating Activities
Net Income	2,579,066,000	94,871,000	-2,624,949,000	3,624,120,000	322,317,000
Depreciation & Amortization	127,518,000	139,642,000	154,069,000	63,651,000	30,962,000
Stock Based Compensation	912,838,000	864,710,000	1,565,823,000	820,685,000	70,548,000
Change in Working Capital	-478,002,000	326,206,000	-1,031,448,000	6,833,297,000	2,616,906,000
Operating Cash Flow	2,556,844,000	922,951,000	-1,585,419,000	10,730,031,000	3,004,070,000
Investing Activities
Capital Expenditure	0	-63,202,000	-63,971,000	-85,783,000	-18,802,000
Investments	0	-63,202,000	-63,971,000	-2,910,000	-9,913,000
Investing Cash Flow	-282,385,000	5,392,000	-663,822,000	-1,124,740,000	50,822,000
Financing Activities
Debt Repayment	1,246,025,000	-324,015,000	-117,000	0	0
Common Stock Issued/Repurchased	0	0	-279,522,000	0	0
Dividends Paid	0	0	0	0	0
Financing Cash Flow	2,828,921,000	-811,332,000	-5,838,518,000	3,284,225,000	18,801,000
Summary
Free Cash Flow	2,556,844,000	859,749,000	-1,649,390,000	10,644,248,000	2,985,268,000
Net Change in Cash	5,055,013,000	125,783,000	-8,251,016,000	12,824,633,000	3,071,612,000