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Coinbase (COIN)

Nasdaq Financials Financial Exchanges & Data S&P 500
$134.76
-2.06 (-1.51%)
Close of Nov 06, 2026 · end-of-day data
Source: Coinbase's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$533.74M$1.28B$7.84B$3.19B$3.11B$6.56B$7.18B
Research & development$185.04M$271.73M$1.29B$2.33B$1.32B$1.47B$1.67B
Operating income-$45.78M$408.95M$3.08B-$2.71B-$161.66M$2.31B$1.44B
Interest expense—$0$29.16M$88.90M$82.77M$80.64M$85.41M
Pre-tax income-$45.42M$409.20M$3.03B-$3.06B-$76.84M$2.94B$1.52B
Income tax-$15.03M$86.88M-$597.17M-$439.63M-$171.72M$363.58M$261.74M
Net income-$30.39M$322.32M$3.62B-$2.62B$94.87M$2.58B$1.26B
EBITDA-$28.91M$439.91M$3.14B-$2.56B-$22.02M$2.43B$1.62B
EPS (basic)$-0.50$1.58$17.47$-11.81$0.40$10.42$4.85
EPS (diluted)$-0.50$1.40$14.50$-11.83$0.37$9.48$4.45
Diluted shares61.32M91.21M219.97M222.34M254.39M273.38M287.21M
Operating margin-8.6%32.0%39.2%-84.8%-5.2%35.1%20.0%
Net margin-5.7%25.2%46.2%-82.2%3.1%39.3%17.6%

Balance sheet

fiscal years · USD
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$548.95M$1.06B$7.12B$4.43B$5.49B$9.31B$11.29B
Short-term investments—————$0$309.76M
Receivables———$220.35M$168.29M$265.25M$307.12M
Total current assets—$5.13B$18.37B$86.45B$11.36B$18.11B$20.39B
Goodwill$54.70M$77.21M$625.76M$1.07B$1.14B$1.14B$4.17B
Total assets—$5.86B$21.27B$89.72B$14.75B$22.54B$29.67B
Total current liabilities—$4.25B$11.42B$80.82B$5.49B$7.94B$8.70B
Short-term debt——$20.06M$20.52M$0$0$1.27B
Long-term debt—$0$3.38B$3.39B$2.98B$4.23B$5.94B
Total debt—$0$3.40B$3.41B$2.98B$4.23B$7.21B
Total liabilities—$4.33B$14.89B$84.27B$8.47B$12.27B$14.88B
Shareholders' equity$497.09M$963.58M$6.38B$5.45B$6.28B$10.28B$14.79B

Cash flow

fiscal years · USD
Fiscal yearFY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$80.59M$293.55M$4.04B-$1.59B$673.38M$3.10B$2.43B
Capital expenditures$33.52M$9.91M$2.91M$2.93M———
Free cash flow-$114.11M$283.63M$4.04B-$1.59B$673.38M$3.10B$2.43B
Investing cash flow-$105.35M$50.82M-$1.12B-$663.82M-$206.18M-$201.00M-$2.05B
Financing cash flow-$16.61M$2.73B$9.98B-$5.84B-$838.21M$2.90B$740.28M
Share buybacks————$0$0$790.20M
Stock-based compensation$31.15M$70.55M$820.68M$1.57B$780.67M$912.84M$839.44M
Depreciation & amortization$16.88M$30.96M$63.65M$154.07M$139.64M$127.52M$188.43M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.