Coinbase Global, Inc. (COIN)
NASDAQ: COIN · Real-Time Price · USD
167.49
+9.20 (5.81%)
At close: Jul 27, 2026, 4:00 PM EDT
164.74
-2.75 (-1.64%)
After-hours: Jul 27, 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 EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
6,5607,1816,5643,1083,1947,839
Revenue Growth
-5.76%9.40%111.17%-2.69%-59.26%513.66%
Gross Profit
5,6476,1615,6662,6882,5646,572
Operating Income
708.211,4352,307-161.66-2,7103,077
Net Income
800.61,2602,57894.75-2,6253,097
Earnings Per Share
2.664.459.480.37-11.8314.50
EPS Growth
-50.19%-53.06%2462.16%--935.71%

Revenue by Segment

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Consumer Net
2,7943,3233,4301,3342,123-
Other Transaction Net
238.27252.89210.1995.47113.53-
Institutional Net
516.51479.67345.690.16119.34346.27
Stablecoin
1,3571,349910.46694.25245.719.88
Blockchain Rewards
581.66677.41705.76330.89275.51223.06
Interest and Finance Fee Income
251.77247.05265.8186.6982.4-
Other Subscription and Services
523.31554.78425.11195.07110.26132.3
Total Other
297.56297.89270.78181.8445.39484.69
Revenue (Total)
6,5607,1816,5643,1083,1947,839

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
10,43811,5959,3085,7155,2867,224
Total Debt
7,7767,6594,6083,0433,6213,918
Net Cash (Debt)
2,6623,9364,7002,6721,6653,306
Net Cash Growth
-53.84%-16.24%75.87%60.47%-49.62%351.77%
Net Cash Per Share
9.6413.7117.1910.517.4915.03

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
2,7922,4263,104673.38-1,5854,038
Free Cash Flow
2,7922,4263,104673.38-1,5854,038
Free Cash Flow Growth
-6.88%-21.83%360.95%--1323.72%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
86.08%85.79%86.32%86.47%80.28%83.83%
Operating Margin
10.80%19.99%35.15%-5.20%-84.85%39.24%
Pretax Margin
14.86%21.19%44.83%-2.47%-95.94%38.61%
Profit Margin
12.20%17.55%39.29%3.05%-82.18%46.23%
FCF Margin
42.56%33.79%47.29%21.66%-49.63%51.51%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
58.5050.8226.19470.05-17.40
Forward PE
67.8536.7644.8320.4220.4233.11
P/FCF Ratio
25.1224.9620.2962.52-13.57
PS Ratio
7.028.439.5913.542.566.99