Coinbase Global, Inc. (COIN)
NASDAQ: COIN · Real-Time Price · USD
148.47
-5.43 (-3.53%)
At close: Aug 14, 2026, 4:00 PM EDT
148.95
+0.48 (0.32%)
After-hours: Aug 14, 2026, 7:59 PM EDT

Coinbase Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
6,0446,8836,2932,9273,1497,837
Revenue Growth
-9.24%9.38%115.04%-7.06%-59.82%514.76%
Gross Profit
5,1865,8635,3962,5062,5196,569
Operating Income
445.951,4832,036-200.91-2,7153,275
Net Income
-987.771,2602,57894.75-2,6253,097
Earnings Per Share
-3.734.459.480.37-11.8314.50
EPS Growth
--53.08%2444.87%--937.81%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Consumer Net
2,5963,3233,4301,3342,123-
Other Transaction Net
232.14252.89210.1995.47113.53-
Institutional Net
555.76479.67345.690.16119.34346.27
Stablecoin
1,3161,349910.46694.25245.719.88
Blockchain Rewards
520.47677.41705.76330.89275.51223.06
Interest and Finance Fee Income
258.58247.05265.8186.6982.4-
Other Subscription and Services
517.36554.78425.11195.07110.26132.3
Total Other
286.21297.89270.78181.8445.39484.69
Revenue (Total)
6,2837,1816,5643,1083,1947,839

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
8,78911,5959,3085,1394,4257,133
Total Debt
6,6687,8584,6943,0473,6413,938
Net Cash (Debt)
2,1213,7374,6142,093783.773,195
Net Cash Growth
-25.41%-19.00%120.50%166.99%-75.47%367.97%
Net Cash Per Share
8.0113.0116.888.233.5314.53

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
1,7142,4263,104673.38-1,5854,038
Capital Expenditures
------
Free Cash Flow
1,7142,4263,104673.38-1,5854,038
Free Cash Flow Growth
-48.09%-21.83%360.95%--1323.72%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
85.81%85.18%85.73%85.62%80.00%83.82%
Operating Margin
7.38%21.54%32.36%-6.87%-86.22%41.79%
Pretax Margin
-20.59%22.11%46.76%-2.63%-97.32%38.62%
Profit Margin
-16.34%18.31%40.96%3.24%-83.36%39.52%
FCF Margin
28.35%35.25%49.32%23.01%-50.35%51.52%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
-48.3924.12439.14-17.54
Forward PE
130.4136.7644.8320.4220.4233.11
P/FCF Ratio
22.8625.1320.0361.79-13.45
PS Ratio
6.488.869.8814.222.556.93