Coinbase Global's Income Statement Analysis: Revenue to Profit Breakdown
Coinbase Global's Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$7.84 B | $3.19 B | $3.11 B | $6.56 B | $6.63 B | $5.81 B |
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Cost of Revenue Direct cost of goods/services. |
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$1.74 B | $629.88 M | $1.14 B | $1.66 B | $1.21 B | $1.40 B |
Gross Profit Revenue minus cost of revenue. |
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$6.10 B | $2.56 B | $1.97 B | $4.91 B | $5.42 B | $4.41 B |
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Operating Expense
Costs to run business. |
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$3.02 B | $5.27 B | $2.13 B | $2.60 B | $4.52 B | $4.39 B |
Research and Development Investment in innovation. |
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$1.29 B | $2.33 B | $1.32 B | $1.47 B | $1.67 B | $1.84 B |
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Sales, General and Administrative
Selling and admin costs. |
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$1.10 B | $2.11 B | $691.78 M | $1.19 B | $2.68 B | $2.27 B |
General and Administrative Corporate overhead costs. |
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$525.33 M | $1.60 B | $503.23 M | $691.47 M | $1.62 B | $1.26 B |
Sales and Marketing Customer acquisition costs. |
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$577.13 M | $510.09 M | $188.55 M | $503.39 M | $1.06 B | $1.01 B |
Other Expenses Other operating costs. |
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$630.31 M | $837.51 M | $118.18 M | -$63.79 M | $167.70 M | $281.39 M |
Operating Income Profit from operations. |
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$3.08 B | -$2.71 B | -$161.66 M | $2.31 B | $906.58 M | $25.20 M |
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Net Interest Income
Interest income minus expense. |
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-$29.16 M | -$88.90 M | -$82.77 M | -$80.65 M | $7.10 B | $1.69 B |
Interest Income Income from investments. |
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- | - | - | - | $7.18 B | $1.78 B |
Interest Expense Cost of borrowing. |
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$29.16 M | $88.90 M | $82.77 M | $80.65 M | $85.41 M | $87.47 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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$20.46 M | $265.47 M | -$167.58 M | -$716.13 M | -$700.89 M | -$1.02 B |
Total Other Income (Net) Net non-operating items. |
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-$49.62 M | -$354.37 M | $84.82 M | $635.48 M | $615.48 M | $949.70 M |
Income Before Tax Profit before taxes. |
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$3.03 B | -$3.06 B | -$76.85 M | $2.94 B | $1.52 B | $974.90 M |
Income Tax Expense Taxes on income. |
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-$597.17 M | -$439.63 M | -$171.72 M | $363.58 M | $261.74 M | $174.30 M |
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Net Income
Final profit. |
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$3.62 B | -$2.62 B | $94.87 M | $2.58 B | $1.26 B | $800.60 M |
Net Income From Continuing Operations Profit from core business. |
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$3.62 B | -$2.62 B | $94.87 M | $2.58 B | $1.26 B | $800.60 M |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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-$93.45 M | $6.23 M | $1.00 K | -$13.49 M | - | -$3.61 M |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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$17.47 | -$11.84 | $0.40 | $10.42 | $4.85 | $3.27 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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$14.50 | -$11.83 | $0.37 | $9.48 | $4.45 | $2.66 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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177.32 M | 222.31 M | 235.80 M | 247.37 M | 260.09 M | 264.78 M |
Diluted Average Shares Outst. Shares including dilution. |
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219.97 M | 222.34 M | 254.39 M | 273.38 M | 287.21 M | 264.78 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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$3.06 B | -$2.98 B | $5.92 M | $3.02 B | $1.61 B | $1.04 B |
EBITDA Earnings before interest, tax, D&A. |
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$3.12 B | -$2.82 B | $145.56 M | $3.15 B | $1.80 B | $1.27 B |
Depreciation and Amortization Non-cash expense for assets. |
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$63.65 M | $154.07 M | $139.64 M | $127.52 M | $188.43 M | $223.10 M |
| Company Report |
Coinbase Global's Assets vs Liabilities & Equity
Coinbase Global's Assets vs Liabilities & Equity
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