Coinbase Global, Inc. (COIN)

COIN Income Statement

Revenue, expenses, and profitability analysis

COIN Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	4.413B	984.384M	742.445M	1.615B	1.071B	1.532B	1.716B	855.658M	1.070B
Revenue	5.811B	1.413B	1.032B	1.869B	1.497B	2.034B	2.272B	1.205B	1.450B
Cost of Goods Sold	1.398B	428.598M	289.741M	253.318M	426.219M	502.641M	555.161M	349.535M	379.423M
Gross Profit Margin	69.7%	69.7%	71.9%	86.4%	71.5%	75.3%	75.6%	71.0%	73.8%
Total Operating Expenses	4.388B	970.654M	1.187B	1.135B	1.096B	825.848M	682.407M	686.145M	727.088M
Research & Development	1.841B	525.648M	497.330M	430.585M	387.322M	355.368M	368.691M	377.440M	364.258M
Selling, General & Administrative	2.266B	410.081M	767.920M	678.718M	408.994M	442.014M	350.227M	317.403M	297.431M
Operating Income (EBIT)	25.203M	13.730M	-444.409M	480.532M	-24.650M	705.806M	1.034B	169.513M	343.117M
Operating Margin	1.0%	1.0%	-43.1%	25.7%	-1.6%	34.7%	45.5%	14.1%	23.7%
Income Before Tax (EBT)	974.904M	-464.705M	-886.307M	502.143M	1.824B	82.456M	1.497B	68.581M	-60.237M
Interest Income	1.781B	—	1.781B	—	—	—	—	—	—
Interest Expense	87.471M	22.569M	22.593M	21.774M	20.535M	20.511M	20.537M	20.530M	20.507M
Other Income/Expense	949.701M	-478.435M	-441.898M	21.611M	1.848B	-623.350M	462.807M	-100.932M	-403.354M
Net Income	800.602M	-394.117M	-666.733M	432.552M	1.429B	65.608M	1.291B	75.495M	36.150M
Income Tax Expense	174.302M	-70.588M	-219.574M	69.591M	394.873M	16.848M	205.700M	-6.914M	-96.387M
Net Profit Margin	-27.9%	-27.9%	-64.6%	23.1%	95.4%	3.2%	56.8%	6.3%	2.5%
EBITDA	1.266B	-374.130M	-792.598M	554.263M	1.878B	136.300M	1.550B	119.806M	-5.229M
EBITDA Margin	-26.5%	-26.5%	-76.8%	29.7%	125.4%	6.7%	68.3%	9.9%	-0.4%
Depreciation & Amortization	223.101M	68.006M	71.116M	50.078M	33.901M	33.333M	32.995M	30.695M	34.501M
EPS Basic	3.27	-1.49	-2.49	1.65	5.60	0.26	5.13	0.30	0.15
EPS Diluted	2.66	-1.49	-2.49	1.50	5.14	0.24	4.68	0.28	0.14
Shares Outstanding	264.775M	264.775M	268.267M	262.831M	255.188M	253.878M	251.506M	248.834M	246.298M
Diluted Shares Outstanding	264.775M	264.775M	268.267M	291.958M	278.913M	271.251M	276.752M	267.440M	266.831M

COIN Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Gross Profit	5.360B	4.906B	1.973B	2.564B	6.101B	1.142B	451.680M
Revenue	7.181B	6.564B	3.108B	3.194B	7.839B	1.277B	533.735M
Cost of Goods Sold	1.821B	1.658B	1.136B	629.880M	1.739B	135.514M	82.055M
Gross Profit Margin	74.6%	74.7%	63.5%	80.3%	77.8%	89.4%	84.6%
Total Operating Expenses	3.925B	2.599B	2.134B	5.275B	3.024B	733.016M	487.323M
Research & Development	1.671B	1.468B	1.325B	2.326B	1.292B	271.732M	185.044M
Selling, General & Administrative	1.877B	1.195B	691.775M	2.111B	1.102B	336.662M	256.079M
Operating Income (EBIT)	1.435B	2.307B	-161.662M	-2.710B	3.077B	408.951M	-35.643M
Operating Margin	20.0%	35.1%	-5.2%	-84.8%	39.2%	32.0%	-6.7%
Income Before Tax (EBT)	1.522B	2.943B	-76.845M	-3.065B	3.027B	409.199M	-45.416M
Interest Income	—	—	—	—	—	—	—
Interest Expense	85.413M	80.645M	82.766M	88.901M	29.160M	—	—
Other Income/Expense	86.624M	635.484M	84.817M	-354.374M	-49.623M	248K	-9.773M
Net Income	1.260B	2.579B	94.871M	-2.625B	3.624B	322.317M	-30.387M
Income Tax Expense	261.738M	363.578M	-171.716M	-439.633M	-597.173M	86.882M	-15.029M
Net Profit Margin	17.6%	39.3%	3.1%	-82.2%	46.2%	25.2%	-5.7%
EBITDA	1.796B	3.151B	145.563M	-2.822B	3.120B	439.913M	-5.442M
EBITDA Margin	25.0%	48.0%	4.7%	-88.3%	39.8%	34.4%	-1.0%
Depreciation & Amortization	188.428M	127.518M	139.642M	154.069M	63.651M	30.962M	30.201M
EPS Basic	4.85	10.42	0.40	-11.84	17.47	0.58	-0.46
EPS Diluted	4.45	9.48	0.37	-11.83	14.50	0.58	-0.45
Shares Outstanding	260.088M	247.374M	235.796M	222.314M	177.319M	185.986M	66.091M
Diluted Shares Outstanding	287.209M	273.377M	254.391M	222.338M	219.965M	185.986M	66.994M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Coinbase Global, Inc.

Coinbase Global, Inc. delivers fundamental financial infrastructure and technological solutions to the expanding cryptoeconomy, operating across both the United States and international markets. The company provides a core financial gateway for individual consumers navigating the digital asset space. For institutional clients, it manages a dynamic trading venue that ensures abundant liquidity for cryptocurrency transactions. Moreover, Coinbase supplies developers with crucial technology and services, enabling them to build innovative crypto-based applications and seamlessly integrate secure digital asset payments. Founded in 2012, the firm is headquartered in Wilmington, Delaware.

New York City, NY

4,951 employees

www.coinbase.com

Financial Services / Financial - Data & Stock Exchanges

Sector: Financial Services
Industry: Financial - Data & Stock Exchanges
CEO: Brian Armstrong

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