financial statements

The full income statement, balance sheet, and cash-flow statement for Coinbase Global Inc. (COIN), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	7.18B YoY+9.4%	6.56B YoY+111.2%	3.11B YoY-2.7%	3.19B YoY-59.3%	7.84B YoY+513.7%
	5.75B YoY+35.0%	4.26B YoY+30.2%	3.27B YoY-44.6%	5.90B YoY+24.0%	4.76B YoY+448.4%
Research & development	1.67B YoY+13.8%	1.47B YoY+10.8%	1.32B YoY-43.1%	2.33B YoY+80.1%	1.29B YoY+375.3%
Selling, general & administrative	1.62B YoY+24.6%	1.30B YoY+21.0%	1.07B YoY-32.9%	1.60B YoY+76.0%	909M YoY+224.9%
General & administrative	1.62B YoY+24.6%	1.30B YoY+21.0%	1.07B YoY-32.9%	1.60B YoY+76.0%	909M YoY+224.9%
Selling & marketing	1.06B YoY+61.8%	654M YoY+96.9%	332M YoY-34.9%	510M YoY-23.1%	664M YoY+1068.8%
Restructuring	0.00	0.00 YoY-100.0%	143M YoY+250.3%	40.7M	0.00
Amortization of intangibles	67.1M YoY+148.2%	27.0M YoY-61.2%	69.6M YoY-34.4%	106M YoY+134.2%	45.3M YoY+171.3%
Provision for credit losses	—	—	11.1M YoY+184.7%	-13.1M YoY-158.3%	22.4M YoY+854.9%
Operating income	1.44B YoY-37.8%	2.31B YoY+1527.2%	-162M YoY+94.0%	-2.71B YoY-188.1%	3.08B YoY+652.3%
Interest expense	85.4M YoY+5.9%	80.6M YoY-2.6%	82.8M YoY-6.9%	88.9M YoY+204.9%	29.2M
Interest & investment income	247M YoY-7.1%	266M YoY+42.4%	187M YoY+126.6%	82.4M YoY+416.5%	16.0M YoY+188.2%
Other non-operating income	701M YoY+2310.7%	29.1M YoY-82.7%	168M YoY+163.1%	-265M YoY-1197.3%	-20.5M YoY-8351.2%
Pre-tax income	1.52B YoY-48.3%	2.94B YoY+3929.3%	-76.8M YoY+97.5%	-3.06B YoY-201.2%	3.03B YoY+639.7%
Income tax	262M YoY-28.0%	364M YoY+311.7%	-172M YoY+60.9%	-440M YoY+26.4%	-597M YoY-787.3%
	1.30B YoY-50.0%	2.60B YoY+2500.0%	100M YoY+103.8%	-2.60B YoY-172.2%	3.60B YoY+1016.9%
Net income to common	1.26B YoY-51.1%	2.58B YoY+2620.5%	94.8M YoY+103.6%	-2.62B YoY-184.8%	3.10B YoY+2760.8%
	$4.45 YoY-53.1%	$9.48 YoY+2462.2%	$0.37 YoY+103.1%	-$11.83 YoY-181.6%	$14.50 YoY+935.7%
EPS (basic)	$4.85 YoY-53.5%	$10.42 YoY+2505.0%	$0.40 YoY+103.4%	-$11.81 YoY-167.6%	$17.47 YoY+1005.7%
Weighted-avg shares (basic)	260M YoY+5.1%	247M YoY+4.9%	236M YoY+6.1%	222M YoY+25.4%	177M YoY+158.2%
Weighted-avg shares (diluted)	287M YoY+5.1%	273M YoY+7.5%	254M YoY+14.4%	222M YoY+1.1%	220M YoY+141.2%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	20.4B YoY+12.6%	18.1B YoY+59.5%	11.4B YoY-86.9%	86.4B YoY+370.5%	18.4B YoY+257.9%
Cash & equivalents	11.3B YoY+21.2%	9.31B YoY+69.6%	5.49B YoY+24.0%	4.43B YoY-37.9%	7.12B YoY+570.9%
Short-term investments	310M	0.00	—	—	—
Accounts receivable	307M YoY+15.8%	265M YoY+57.6%	168M YoY-23.6%	220M	—
Prepaid expenses	94.9M YoY+7.2%	88.5M YoY-40.5%	149M YoY-31.4%	217M YoY+59.8%	136M YoY+243.8%
Other current assets	187M YoY-32.6%	278M YoY+30.6%	213M YoY+1028.3%	18.8M YoY+539.6%	2.94M YoY+310.7%
	29.7B YoY+31.6%	22.5B YoY+52.8%	14.8B YoY-83.6%	89.7B YoY+321.7%	21.3B YoY+263.3%
Property, plant & equipment	265M YoY+32.2%	200M YoY+3.9%	193M YoY+12.0%	172M YoY+190.1%	59.2M YoY+20.3%
Operating lease right-of-use	142M YoY+74.5%	81.2M YoY+537.1%	12.7M YoY-81.6%	69.4M YoY-29.5%	98.4M YoY-2.4%
Goodwill	4.17B YoY+265.8%	1.14B YoY+0.0%	1.14B YoY+6.1%	1.07B YoY+71.6%	626M YoY+710.4%
Intangible assets	1.40B YoY+2886.5%	46.8M YoY-45.8%	86.4M YoY-36.2%	135M YoY-23.4%	177M YoY-53.1%
Deferred tax assets	571M YoY-39.4%	941M YoY-26.0%	1.27B YoY+21.5%	1.05B YoY+82.5%	574M YoY+2656.5%
Other non-current assets	524M YoY+200.6%	174M YoY-53.6%	376M YoY+5.8%	355M YoY-62.7%	952M YoY+712.3%
	8.70B YoY+9.6%	7.94B YoY+44.8%	5.49B YoY-93.2%	80.8B YoY+607.7%	11.4B YoY+168.9%
Accounts payable	118M YoY+85.7%	63.3M YoY+61.1%	39.3M YoY-29.9%	56.0M YoY+40.7%	39.8M YoY+231.1%
Accrued liabilities	805M YoY+45.7%	553M YoY+21.0%	457M YoY+37.9%	331M YoY-24.6%	440M YoY+395.1%
Short-term & current debt	1.27B	0.00	0.00 YoY-100.0%	20.5M YoY+2.3%	20.1M
Current lease liability	8.82M YoY+0.0%	8.82M YoY-19.1%	10.9M YoY-67.7%	33.7M YoY+4.2%	32.4M YoY+28.1%
Other current liabilities	39.7M YoY+0.0%	39.7M YoY+0.0%	39.7M YoY+0.0%	39.7M YoY+0.0%	39.7M YoY+152.7%
	14.9B YoY+21.3%	12.3B YoY+44.8%	8.47B YoY-89.9%	84.3B YoY+465.8%	14.9B YoY+244.0%
Long-term debt	5.94B YoY+40.2%	4.23B YoY+42.1%	2.98B YoY-12.2%	3.39B YoY+0.3%	3.38B
Non-current lease liability	173M YoY+101.3%	85.8M YoY+2145.2%	3.82M YoY-90.9%	42.0M YoY-43.2%	74.1M YoY-10.2%
Other non-current liabilities	240M YoY+168.0%	89.7M YoY+1143.2%	7.22M YoY-63.1%	19.5M YoY+31.7%	14.8M
	14.8B YoY+43.9%	10.3B YoY+63.6%	6.28B YoY+15.2%	5.45B YoY-14.5%	6.38B YoY+562.3%
Preferred stock	0.00	0.00	0.00	—	—
Common stock	3.00K YoY+50.0%	2.00K	—	—	—
Additional paid-in capital	8.57B YoY+59.7%	5.37B YoY+19.5%	4.49B YoY+19.2%	3.77B YoY+85.2%	2.03B YoY+780.7%
Retained earnings	6.22B YoY+25.4%	4.96B YoY+172.5%	1.82B YoY+5.5%	1.73B YoY-60.3%	4.35B YoY+499.0%
Accumulated other comprehensive income	4.97M YoY+109.9%	-50.1M YoY-65.3%	-30.3M YoY+21.6%	-38.6M YoY-1037.1%	-3.40M YoY-154.3%
Total liabilities & equity	29.7B YoY+31.6%	22.5B YoY+52.8%	14.8B YoY-83.6%	89.7B YoY+321.7%	21.3B YoY+263.3%
Common shares issued	268M YoY+5.6%	254M	—	—	—
Common shares outstanding	268M YoY+5.6%	254M	—	—	—
Shares outstanding (cover)	268M YoY+5.6%	254M	—	—	—
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	2.43B YoY-21.8%	3.10B YoY+361.0%	673M YoY+142.5%	-1.59B YoY-139.3%	4.04B YoY+1275.6%
Depreciation & amortization	188M YoY+47.8%	128M YoY-8.7%	140M YoY-9.4%	154M YoY+142.1%	63.7M YoY+105.6%
Share-based compensation	839M YoY-8.0%	913M YoY+16.9%	781M YoY-50.1%	1.57B YoY+90.8%	821M YoY+1063.3%
Deferred income taxes	238M YoY+57.5%	151M YoY+169.9%	-216M YoY+53.8%	-468M YoY+16.2%	-558M YoY-117890.9%
Change in receivables	1.98M YoY-98.0%	101M YoY+219.7%	-84.0M	—	—
Change in payables	—	—	—	—	27.3M YoY+348.8%
Other operating activities	62.2M YoY+449.1%	11.3M YoY-92.5%	151M YoY+78.9%	84.5M YoY+1426.7%	5.53M
	-2.05B YoY-919.7%	-201M YoY+2.5%	-206M YoY+68.9%	-664M YoY+41.0%	-1.12B YoY-2313.1%
Capital expenditure	—	—	—	2.93M YoY+0.8%	2.91M YoY-70.6%
Acquisitions	742M	0.00 YoY-100.0%	30.7M YoY-83.5%	186M YoY+162.5%	70.9M YoY+311.0%
Purchases of investments	—	—	11.8M YoY-81.2%	63.0M YoY-80.7%	327M YoY+3061.1%
Sales/maturities of investments	—	—	—	1.55M YoY-69.9%	5.16M YoY+1602.6%
Proceeds from sale of PP&E	—	—	—	83.0K YoY+167.7%	31.0K
Other investing activities	111M YoY+48.9%	74.3M YoY-30.5%	107M YoY-36.0%	167M YoY+7425.2%	-2.28M
	740M YoY-74.5%	2.90B YoY+446.3%	-838M YoY+85.6%	-5.84B YoY-158.5%	9.98B YoY+265.5%
Long-term debt repaid	0.00	0.00 YoY-100.0%	304M	0.00	0.00
Common stock repurchased	790M	0.00	0.00	—	—
Other financing activities	33.1M YoY+101.6%	16.4M YoY+0.8%	16.3M YoY-33.6%	24.5M YoY+5564.4%	433K
FX effect on cash	92.8M YoY+292.0%	-48.4M YoY-651.4%	8.77M YoY+105.4%	-163M YoY-151.6%	-64.9M YoY-3017.9%
Interest paid	—	68.5M YoY-10.0%	76.1M YoY-7.6%	82.4M YoY+2072.4%	3.79M
Income taxes paid	165M YoY+17.5%	140M YoY+258.7%	39.1M	0.00 YoY-100.0%	68.6M YoY+10.6%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	60.6B YoY-3.8%	63.0B	—	—	—
P/E	46.6× YoY+92.3%	24.2×	—	—	—
P/S	8.4× YoY-12.1%	9.6×	—	—	—
P/B	4.1× YoY-33.2%	6.1×	—	—	—
P/FCF	25.0× YoY+23.0%	20.3×	—	—	—
Earnings yield	2.1% YoY-48.0%	4.1%	—	—	—
FCF yield	4.0% YoY-18.7%	4.9%	—	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: COIN's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all COIN filings on SEC EDGAR → Not investment advice.

COIN▼ financial statements

About this data

financial statements