Coinbase Global, Inc. financials
Source: EDGAR filings · Built 2026-06-02T02:42:13Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | -1.59B | 4.04B | 283.63M |
| EBITDA | 1.62B | 2.43B | -22.02M | -2.56B | 3.14B | 439.91M |
| Working Capital | 11.69B | 10.17B | 5.87B | 5.63B | 6.95B | 887.09M |
| Net Debt | -3.43B | -4.60B | -2.49B | -935.28M | -3.61B | -954.07M |
| Operating Margin | 19.99% | 35.15% | -5.20% | -84.85% | 39.24% | 32.01% |
| Net Margin | 17.55% | 39.29% | 3.05% | -82.18% | 46.23% | 25.23% |
| Return on Equity (ROE) | 8.52% | 25.10% | 1.51% | -48.12% | 56.79% | 33.45% |
| Return on Assets (ROA) | 4.25% | 11.44% | 0.64% | -2.93% | 17.04% | 5.50% |
| Current Ratio | 2.34× | 2.28× | 2.07× | 1.07× | 1.61× | 1.21× |
| Debt-to-Equity | 0.53× | 0.46× | 0.48× | 0.64× | 0.55× | 0.11× |
| Effective Tax Rate | 17.20% | 12.36% | 223.46% | 14.35% | -19.73% | 21.23% |
| Cash Conversion Ratio | 1.93× | 1.20× | 7.10× | 0.60× | 1.11× | 0.91× |
| Accruals Ratio | -0.04× | -0.02× | -0.04× | -0.01× | -0.02× | 0.00× |
| SBC % of Revenue | 11.69% | 13.91% | 25.11% | 49.02% | 10.47% | 5.52% |
| CapEx Coverage | — | — | — | -540.55× | 1387.69× | 29.61× |
| Free Cash Flow Per Share | — | — | — | $-7.14 | $18.34 | $3.11 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 50.82× | 26.19× | 470.05× | — | 17.40× | — |
| P/FCF | — | — | — | — | 13.76× | — |
| FCF Yield | — | — | — | — | 7.27% | — |
| EV / EBITDA | 35.19× | 23.98× | — | — | 16.53× | — |
| P/S | 8.43× | 9.59× | 14.23× | 2.46× | 7.08× | — |
| P/B | 4.09× | 6.13× | 7.04× | 1.44× | 8.70× | — |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenues | 7.18B | 6.56B | 3.11B | 3.19B | 7.84B | 1.28B |
| Research and Development Expense | 1.67B | 1.47B | 1.32B | 2.33B | 1.29B | 271.73M |
| Operating Expenses | 5.75B | 4.26B | 3.27B | 5.90B | 4.76B | 868.53M |
| Operating Income (Loss) | 1.44B | 2.31B | -161.66M | -2.71B | 3.08B | 408.95M |
| Income Tax Expense (Benefit) | 261.74M | 363.58M | -171.72M | -439.63M | -597.17M | 86.88M |
| Net Income (Loss) Attributable to Parent | 1.26B | 2.58B | 94.87M | -2.62B | 3.62B | 322.32M |
| Earnings Per Share, Basic | $4.85 | $10.42 | $0.40 | $-11.81 | $17.47 | $1.58 |
| Weighted Average Number of Shares Outstanding, Basic | 260.09M | 247.37M | 235.80M | 222.31M | 177.32M | 68.67M |
| Earnings Per Share, Diluted | $4.45 | $9.48 | $0.37 | $-11.83 | $14.50 | $1.40 |
| Weighted Average Number of Shares Outstanding, Diluted | 287.21M | 273.38M | 254.39M | 222.34M | 219.97M | 91.21M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 11.29B | 9.31B | 5.49B | 4.43B | 7.12B | 1.06B |
| Assets, Current | 20.39B | 18.11B | 11.36B | 86.45B | 18.37B | 5.13B |
| Assets | 29.67B | 22.54B | 14.75B | 89.72B | 21.27B | 5.86B |
| Long-term Debt | 7.20B | 4.23B | 2.98B | 3.39B | 3.38B | — |
| Liabilities, Current | 8.70B | 7.94B | 5.49B | 80.82B | 11.42B | 4.25B |
| Long-term Debt, Excluding Current Maturities | 5.94B | 4.23B | 2.98B | 3.39B | 3.38B | 0 |
| Liabilities | 14.88B | 12.27B | 8.47B | 84.27B | 14.89B | 4.33B |
| Stockholders' Equity Attributable to Parent | 14.79B | 10.28B | 6.28B | 5.45B | 6.38B | 963.58M |
| Common Stock, Shares, Outstanding | 267.84M | 253.64M | — | — | — | — |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 2.43B | 3.10B | 673.38M | -1.59B | 4.04B | 293.55M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | 2.93M | 2.91M | 9.91M |
| Net Cash Provided by (Used in) Investing Activities | -2.05B | -201.00M | -206.18M | -663.82M | -1.12B | 50.82M |
| Payments for Repurchase of Common Stock | 790.20M | 0 | 0 | — | — | — |
| Net Cash Provided by (Used in) Financing Activities | 740.28M | 2.90B | -838.21M | -5.84B | 9.98B | 2.73B |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EBITDA | 46.59M | 344.87M | — | — | 739.14M | 1.07B |
| Working Capital | 10.49B | 11.69B | 12.90B | 9.26B | 10.52B | 10.17B |
| Net Debt | -2.24B | -3.43B | -1.28B | -3.11B | -5.65B | -4.60B |
| Operating Margin | -1.52% | 15.37% | 25.71% | -1.65% | 34.70% | 45.52% |
| Net Margin | -27.89% | -37.43% | 23.15% | 95.44% | 3.23% | 56.84% |
| Return on Equity (ROE) | -2.92% | -4.51% | 2.70% | 11.81% | 0.63% | 12.56% |
| Return on Assets (ROA) | -1.37% | -2.25% | 1.38% | 6.09% | 0.30% | 5.73% |
| Current Ratio | 2.14× | 2.34× | 2.40× | 2.13× | 2.52× | 2.28× |
| Debt-to-Equity | 0.59× | 0.53× | 0.46× | 0.37× | 0.41× | 0.46× |
| Effective Tax Rate | 15.19% | 24.77% | 13.86% | 21.65% | 20.43% | 13.74% |
| Cash Conversion Ratio | -0.46× | -4.60× | -1.48× | 0.10× | 13.00× | 1.17× |
| Accruals Ratio | -0.02× | -0.13× | 0.03× | 0.05× | -0.04× | -0.01× |
| SBC % of Revenue | 17.56% | 12.94% | 32.59% | 25.84% | 9.38% | 9.77% |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 63.49× | 50.48× | 29.09× | 33.77× | 32.01× | 26.03× |
| P/S | 7.01× | 8.43× | 11.82× | 13.95× | 6.71× | 9.59× |
| P/B | 3.41× | 4.09× | 5.66× | 8.08× | 4.46× | 6.13× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenues | 1.41B | 1.78B | 1.87B | 1.50B | 2.03B | 2.27B |
| Research and Development Expense | 525.65M | 497.33M | 430.58M | 387.32M | 355.37M | 368.69M |
| Operating Expenses | 1.43B | 1.51B | 1.39B | 1.52B | 1.33B | 1.24B |
| Operating Income (Loss) | -21.42M | 273.75M | 480.53M | -24.65M | 705.81M | 1.03B |
| Income Tax Expense (Benefit) | -70.59M | -219.57M | 69.59M | 394.87M | 16.85M | 205.70M |
| Net Income (Loss) Attributable to Parent | -394.12M | -666.73M | 432.55M | 1.43B | 65.61M | 1.29B |
| Earnings Per Share, Basic | $-1.49 | $-2.64 | $1.65 | $5.60 | $0.26 | $5.19 |
| Weighted Average Number of Shares Outstanding, Basic | 264.77M | 260.09M | 262.83M | 255.19M | 253.88M | 247.37M |
| Earnings Per Share, Diluted | $-1.49 | $-2.40 | $1.50 | $5.14 | $0.24 | $4.72 |
| Weighted Average Number of Shares Outstanding, Diluted | 264.77M | 287.21M | 291.96M | 278.91M | 271.25M | 273.38M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 10.21B | 11.29B | 8.68B | 7.54B | 9.97B | 9.31B |
| Assets, Current | 19.68B | 20.39B | 22.09B | 17.49B | 17.45B | 18.11B |
| Assets | 28.85B | 29.67B | 31.35B | 23.48B | 21.73B | 22.54B |
| Long-term Debt | 7.20B | 7.20B | 7.20B | 4.24B | 4.24B | 4.23B |
| Liabilities, Current | 9.19B | 8.70B | 9.19B | 8.23B | 6.93B | 7.94B |
| Long-term Debt, Excluding Current Maturities | 5.94B | 5.94B | 5.93B | 2.97B | 4.24B | 4.23B |
| Liabilities | 15.37B | 14.88B | 15.33B | 11.38B | 11.26B | 12.27B |
| Stockholders' Equity Attributable to Parent | 13.48B | 14.79B | 16.02B | 12.09B | 10.47B | 10.28B |
| Common Stock, Shares, Outstanding | 263.41M | 267.84M | 268.74M | — | — | 253.64M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 182.74M | 3.07B | -638.77M | 145.75M | 852.69M | 1.51B |
| Net Cash Provided by (Used in) Investing Activities | -239.06M | -397.17M | -1.65B | -916.81M | -125.33M | 31.97M |
| Payments for Repurchase of Common Stock | 1.06B | — | — | — | 0 | — |
| Net Cash Provided by (Used in) Financing Activities | -864.91M | -1.16B | 1.90B | -1.28B | -906.91M | 2.22B |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (COIN CIK 0001679788),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.