Coinbase Global Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	6,883	6,293	2,927	3,149	7,355
Other Revenue	-	-	-	-	482.55
Revenue	6,883	6,293	2,927	3,149	7,837
Revenue Growth (YoY)	9.38%	115.04%	-7.06%	-59.82%	514.76%
Cost of Revenue	1,020	897.71	420.71	629.88	1,268
Gross Profit	5,863	5,396	2,506	2,519	6,569
Selling, General & Admin	2,678	1,955	1,407	2,111	1,526
Research & Development	1,671	1,468	1,325	2,326	1,291
Other Operating Expenses	31.65	-63.79	-24.42	796.8	477.15
Operating Expenses	4,380	3,359	2,707	5,234	3,294
Operating Income	1,483	2,036	-200.91	-2,715	3,275
Interest Expense	-85.41	-80.65	-82.77	-88.9	-29.16
Interest & Investment Income	297.89	270.78	181.84	45.39	2.14
Currency Exchange Gain (Loss)	-	-	-	-161.75	-40.99
Other Non Operating Income (Expenses)	-508.48	727.68	25.82	-2.51	-181.17
EBT Excluding Unusual Items	1,187	2,954	-76.02	-2,923	3,026
Merger & Restructuring Charges	-	-	-142.59	-40.7	-8
Gain (Loss) on Sale of Investments	680.52	-11.55	24.37	-101.22	48.54
Asset Writedown	-	-	-	-	-0.5
Other Unusual Items	-345.18	-	117.4	-	-39.2
Pretax Income	1,522	2,943	-76.85	-3,065	3,027
Income Tax Expense	261.74	363.58	-171.72	-439.63	-597.17
Net Income	1,260	2,579	94.87	-2,625	3,624
Preferred Dividends & Other Adjustments	-	1.31	0.12	-	527.16
Net Income to Common	1,260	2,578	94.75	-2,625	3,097
Net Income Growth	-51.13%	2618.50%	-	-	1024.40%
Shares Outstanding (Basic)	260	247	236	222	177
Shares Outstanding (Diluted)	287	273	254	222	220
Shares Change (YoY)	5.06%	7.46%	14.42%	1.08%	141.17%
EPS (Basic)	4.85	10.42	0.40	-11.81	17.47
EPS (Diluted)	4.45	9.48	0.37	-11.83	14.50
EPS Growth	-53.08%	2444.87%	-	-	937.81%
Free Cash Flow	2,426	3,104	673.38	-1,585	4,038
Free Cash Flow Per Share	8.45	11.35	2.65	-7.13	18.36
Gross Margin	85.18%	85.73%	85.62%	80.00%	83.82%
Operating Margin	21.54%	32.36%	-6.87%	-86.22%	41.79%
Profit Margin	18.31%	40.96%	3.24%	-83.36%	39.52%
Free Cash Flow Margin	35.25%	49.32%	23.01%	-50.35%	51.52%
EBITDA	1,671	2,164	-61.27	-2,561	3,339
EBITDA Margin	24.28%	34.38%	-2.09%	-81.33%	42.60%
D&A For EBITDA	188.43	127.52	139.64	154.07	63.65
EBIT	1,483	2,036	-200.91	-2,715	3,275
EBIT Margin	21.54%	32.36%	-6.87%	-86.22%	41.79%
Effective Tax Rate	17.20%	12.35%	-	-	-
Revenue as Reported	7,181	6,564	3,108	3,194	7,839

Source: S&P Global Market Intelligence. Standard template. Financial Sources.