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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Coinbase Global's Income Statement
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$7.84 B | $3.19 B | $3.11 B | $6.56 B | $6.63 B |
| Cost of Revenue |
|
$1.74 B | $629.88 M | $1.14 B | $1.66 B | $1.21 B |
| Gross Profit |
|
$6.10 B | $2.56 B | $1.97 B | $4.91 B | $5.42 B |
| Research & Development |
|
$1.29 B | $2.33 B | $1.32 B | $1.47 B | $1.67 B |
| Selling,General & Administrative |
|
$1.10 B | $2.11 B | $691.78 M | $1.19 B | $2.68 B |
| Operating Expense |
|
$3.02 B | $5.27 B | $2.13 B | $2.60 B | $4.52 B |
| Operating Income |
|
$3.08 B | -$2.71 B | -$161.66 M | $2.31 B | $906.58 M |
| Net Income |
|
$3.62 B | -$2.62 B | $94.87 M | $2.58 B | $1.26 B |
Coinbase Global's Assets vs Liabilities & Equity
Coinbase Global's Balance Sheet
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$7.22 B | $5.29 B | $5.53 B | $9.55 B | $11.93 B |
| Inventories |
|
- | - | - | - | - |
| Total Current Assets |
|
$18.37 B | $86.45 B | $11.36 B | $18.11 B | $13.59 B |
| Property,Plant and Equipment |
|
$157.62 M | $241.21 M | $205.29 M | $281.23 M | - |
| Goodwill |
|
$625.76 M | $1.07 B | $1.14 B | $1.14 B | $4.17 B |
| Total Assets |
|
$21.27 B | $89.72 B | $14.75 B | $22.54 B | $29.67 B |
| Total Liabilities |
|
$14.89 B | $84.27 B | $8.47 B | $12.27 B | $14.88 B |
| Retained Earnings |
|
$4.35 B | $1.73 B | $1.82 B | $4.96 B | $6.22 B |
| Total Shareholder Equity |
|
$6.38 B | $5.45 B | $6.28 B | $10.28 B | $14.79 B |
| Common Stock |
|
$2.00 K | $2.00 K | $2.00 K | $2.00 K | $3.00 K |
Coinbase Global's Cash flow
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$63.65 M | $154.07 M | $139.64 M | $127.52 M | $188.43 M |
| Dividends Payout |
|
- | - | - | - | - |
| Capital Expenditures (Capex) |
|
-$82.87 M | -$2.93 M | - | - | - |
| Free Cash Flow (FCF) |
|
$3.96 B | -$1.59 B | $922.95 M | $2.56 B | $2.43 B |
Coinbase Global's Profitability
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$6.10 B | $2.56 B | $1.97 B | $4.91 B | $5.42 B |
| Gross Profit Margin (%) |
|
77.82% | 80.28% | 63.47% | 74.75% | 74.64% |
| Operating Income |
|
$3.08 B | -$2.71 B | -$161.66 M | $2.31 B | $906.58 M |
| Operating Income Margin (%) |
|
39.24% | -84.85% | -5.20% | 35.15% | 19.99% |
| Net Income |
|
$3.62 B | -$2.62 B | $94.87 M | $2.58 B | $1.26 B |
| Net Income Margin (%) |
|
46.23% | -82.18% | 3.05% | 39.29% | 17.55% |
| EBITDA |
|
$3.12 B | -$2.82 B | $145.56 M | $3.15 B | $1.80 B |
| EBITDA Margin (%) |
|
39.80% | -88.34% | 4.68% | 48.00% | 25.01% |
Coinbase Global's Ratios
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
56.79% | -48.12% | 1.51% | 25.10% | 8.52% |
| Return on Assets (ROA) |
|
17.04% | -2.93% | 0.64% | 11.44% | 4.25% |
| Debt to Equity |
|
55.02% | 63.98% | 47.67% | 45.05% | 52.94% |
| Debt to total asset |
|
16.50% | 3.89% | 20.30% | 20.54% | 26.39% |
| Enterprise value to revenue |
|
5.25 | 2.17 | 12.50 | 8.71 | 8.27 |
| Enterprise value to EBITDA |
|
13.19 | -2.46 | 267.00 | 18.15 | 30.54 |
| Enterprise value |
|
$41.14 B | $6.93 B | $38.86 B | $57.20 B | $54.86 B |
| Tax Rate (%) |
|
-19.73% | 14.35% | 223.46% | 12.36% | 17.20% |





