Coinbase (COIN) Financial Statements

Financials

all figures in US$ Millions except per share data

Sections:

Periods:

View:

Format:

Actual

10 year cagr

Fiscal

2019

2020

2021

2022

2023

2024

2025

Average (A)

Fiscal period end dates

Expand all rows

01Earnings per share

(0.4)

0.6

14.5

(11.8)

0.4

9.5

4.5

02Free cash flow per share

(1.8)

16.1

(7.1)

3.6

9.4

8.4

03Dividends per share

04Dividends payout, %

PROFIT AND LOSS STATEMENT

05Revenue

533.7

1,278

7,839

3,194

3,108

6,564

7,181

54.2%

06% Change

54.2%

07Cost of revenue

(82.1)

(135.5)

(1,739)

(629.9)

(1,136)

(1,658)

(1,821)

67.6%

08Gross profit

451.7

1,142

6,101

2,564

1,973

4,907

5,360

51%

09% Margin

84.6%

89.4%

77.8%

80.3%

63.5%

74.8%

74.6%

77.9% A

10Operating expenses

(487.3)

(733)

(3,024)

(5,275)

(2,135)

(2,599)

(3,925)

41.6%

11% of Revenue

(91.3)%

(57.4)%

(38.6)%

(165.1)%

(68.7)%

(39.6)%

(54.7)%

(73.6)% A

12Operating Income

(35.6)

409

3,077

(2,710)

(161.7)

2,307

1,456

13Income tax expense

(15)

(86.9)

(597.2)

(439.6)

(171.7)

(363.6)

(261.7)

14Net Income

(30.4)

322.3

3,624

(2,625)

94.9

2,579

1,260

15% Margin

(5.7)%

25.2%

46.2%

(82.2)%

3.1%

39.3%

17.6%

6.2% A

16Shares Outstanding

186

220

222.3

254.4

273.4

287.2

27.5%

17EPS Basic

(0.5)

0.6

17.5

(11.8)

0.4

10.4

4.9

18EPS Diluted

(0.4)

0.6

14.5

(11.8)

0.4

9.5

4.5

19EBITDA

(5.4)

439.9

3,120

(2,822)

145.6

3,151

1,796

% Margin

(1)%

34.4%

39.8%

(88.3)%

4.7%

48%

25%

8.9% A

20Net Interest Income (expense)

(29.2)

(88.9)

(82.8)

(80.6)

(85.4)

30.8%

21Net Debt / EBITDA

76.9

(1.6)

(1.2)

0.3

(14.7)

(1.2)

(1.9)

8.1 A

BALANCE SHEET

ASSETS

Current Assets

22Cash & equivalents

548.9

1,062

7,124

4,425

5,139

8,544

11,286

65.5%

23Short-term investments

88.4

48.9

100.1

861.1

386

1,004

628.6

38.7%

24Accounts receivable

91.7

189.5

365.9

464.8

631.1

914.9

1,726

63.1%

25Other current assets

1,258

3,834

10,784

80,697

5,200

7,650

6,749

32.3%

26Inventory

27Total Current Assets

1,987

5,134

18,374

86,448

11,357

18,113

20,388

47.4%

Non-Current Assets

28Net property, plant & equipment

170.5

150.1

157.6

241.2

205.3

281.2

406.2

15.6%

29Long-term investments

17.6

28.1

1,352

751.1

673.7

1,927

2,622

130.2%

30Other non-current assets

216.7

543.2

1,391

2,284

2,518

2,221

6,255

75.1%

31Total Non-Current Assets

404.8

721.5

2,901

3,277

3,397

4,429

9,283

68.6%

Total Assets

2,392

5,855

21,274

89,725

14,754

22,542

29,672

52.2%

LIABILITIES

Current Liabilities

32Accounts payable

5.9

39.8

39.3

63.3

117.6

64.5%

33Short-term debt

23.8

296.6

52.4

54.3

10.9

309.7

1,722

104.2%

34Other current liabilities

1,194

3,938

11,327

80,705

5,435

7,568

6,862

33.8%

35Total Current Liabilities

1,223

4,247

11,419

80,815

5,485

7,941

8,701

38.7%

Non-Current Liabilities

36Long-term debt

106.5

82.5

3,459

3,436

2,984

4,320

6,110

96.4%

37Other non-current liabilities

564.7

562.5

14.8

19.5

3.4

3.9

67.7

(29.8)%

38Total Non-Current Liabilities

671.2

645

3,474

3,455

2,987

4,324

6,178

44.8%

39Total Liabilities

1,895

4,892

14,893

84,270

8,472

12,265

14,879

41%

SHAREHOLDERS` EQUITY

40Common stock

10.7%

41Retained earnings / (deficit)

404

726.3

4,350

1,726

1,820

4,961

6,221

57.7%

42Accumulated other comprehensive income / (loss)

(0.7)

6.3

(3.4)

(38.6)

(30.3)

(50.1)

43Noncontrolling interests

44Total shareholders' equity

497.1

963.6

6,382

5,455

6,282

10,277

14,793

76%

45Total Liabilities and shareholders' Equity

2,392

5,855

21,274

89,725

14,754

22,542

29,672

52.2%

46Total Debt

130.3

379.1

3,511

3,490

2,995

4,630

7,832

97.9%

47Net Debt

(418.6)

(682.8)

(3,612)

(935.3)

(2,145)

(3,914)

(3,454)

42.2%

CASH FLOW STATEMENT

CASH FLOWS FROM OPERATING ACTIVITIES

48Net income (loss)

(30.4)

322.3

3,624

(2,625)

94.9

2,579

1,260

49Depreciation & amortization

16.9

63.7

154.1

139.6

127.5

188.4

49.5%

50Share-based compensation expense

31.1

70.5

820.7

1,566

780.7

912.8

839.4

73.2%

51Changes in working capital and other assets

(98.2)

2,580

(470.3)

(680.4)

(92.2)

(1,063)

138.2

52Net cash flows from operating activities

(80.6)

3,004

4,038

(1,585)

923

2,557

2,426

CASH FLOWS FROM INVESTING ACTIVITIES

53Purchases of property, plant and equipment

(33.5)

(9.9)

(2.9)

(63.2)

17.2%

54Purchases of investments / marketable securities

(279.2)

(538.4)

(3,336)

(1,400)

(277.4)

(1,165)

26.9%

55Proceeds from maturities of marketable securities

273.1

574.4

2,574

969.2

461.3

756.8

18.5%

56Other investing activities

(65.7)

24.7

(360.3)

(230)

(115.4)

(282.4)

(1,641)

71%

57Net cash flows from investing activities

(105.4)

50.8

(1,125)

(663.8)

5.4

(282.4)

(2,050)

64%

CASH FLOWS FROM FINANCING ACTIVITIES

58Issuance (repurchases) of common stock, net

126.1

(790.2)

59Dividends paid, net

60Debt issuance (repayments), net

3,400

(0.1)

(324)

1,246

3,003

(3.1)%

61Other financing activities

(16.6)

18.8

6,576

(5,838)

(487.3)

1,457

(1,472)

111.2%

62Net cash flows from financing activities

(16.6)

18.8

9,976

(5,839)

(811.3)

2,829

740.3

63Increase (decrease) in cash and cash equivalents

(202.7)

3,072

12,825

(8,251)

125.8

5,055

1,210

64Cash and equivalents, ending balance

1,784

4,856

17,681

9,430

9,555

14,610

16,893

45.5%

65Free Cash Flow to the Firm (FCFF)

(114.1)

2,994

4,035

(1,588)

859.7

2,557

2,426

Annual report links (10K)

2025 2024 2023 2022 2021

Coinbase (COIN) financial statements and performance

Explore Coinbase (COIN) annual and quarterly financial statements, including revenue, operating income, net income, cash flow, assets, liabilities, and per-share metrics.

Compare reporting periods and financial trends to evaluate profitability, balance-sheet strength, cash generation, and long-term business performance.

Coinbase

Annual Reports, Presentations And IR Contacts

Coinbase (COIN) financial statements and performance