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COIN · Coinbase Global, Inc. · Financials

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$171.90 +3.45 (+2.05%)
Market Cap
$45.08B
Shares
263.84M
Volume · Oct 20 6.44M Avg daily vol (3M) 9.19M

Income-statement, balance-sheet and cash-flow figures from SEC filings, plus a debt profile anchored in the latest 10-K and updated by each 10-Q and debt exhibit.

Revenue
$7.18B +9.4%
FY2025 Revenue FY2019–FY2025
Net Income
$1.26B -51.1%
FY2025 Net Income FY2019–FY2025
Operating Margin
19.99% -15.2pp
FY2025 Operating Margin FY2019–FY2025
Diluted EPS
$4.45 -53.1%
FY2025 Diluted EPS FY2019–FY2025
Operating Cash Flow
$2.43B -21.8%
FY2025 Operating Cash Flow FY2019–FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Line Item TTM FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
$6.28B $7.18B $6.56B $3.11B $3.19B $7.84B $1.28B $533.74M
$1.93B $1.67B $1.47B $1.32B $2.33B $1.29B $271.73M $185.04M
$1.08B $1.06B $654.44M $332.31M $510.09M $663.69M $56.78M $24.15M
$1.6B $1.62B $1.3B $1.07B $1.6B $909.39M $279.88M $231.93M
$127.19M $67.13M $27.04M $69.63M $106.1M $45.3M $16.7M $9.7M
$253.6M $188.43M $127.52M $139.64M $154.07M $63.65M $30.96M $16.88M
— $0 $0 $142.59M $40.7M $0 $0 —
$5.66B $5.75B $4.26B $3.27B $5.9B $4.76B $868.53M $579.52M
$619.38M $1.44B $2.31B -$161.66M -$2.71B $3.08B $408.95M -$45.78M
— 19.99% 35.15% -5.2% -84.85% 39.24% 32.01% -8.58%
$872.98M $1.62B $2.43B -$22.02M -$2.56B $3.14B $439.91M -$28.91M
$89.45M $85.41M $80.65M $82.77M $88.9M $29.16M $0 —
$258.58M $247.05M $265.8M $186.69M $82.4M $15.95M $5.54M $14.41M
-$788.09M $700.89M $29.07M $167.58M -$265.47M -$20.46M $248K $367K
— $680.52M -$11.55M $24.37M -$3.06M $20.14M -$150K -$245K
-$1.24B $1.52B $2.94B -$76.85M -$3.06B $3.03B $409.2M -$45.42M
-$256.51M $261.74M $363.58M -$171.72M -$439.63M -$597.17M $86.88M -$15.03M
-$987.77M $1.26B $2.58B $94.87M -$2.62B $3.62B $322.32M -$30.39M
— 17.55% 39.29% 3.05% -82.18% 46.23% 25.23% -5.69%
-$987.77M $1.26B $2.58B $94.75M -$2.62B $3.1B $108.26M -$30.39M
-$1.09B $1.32B $2.56B $103.21M -$2.66B $3.61B $329.29M -$30.43M
USD/shares -$3.86 $4.85 $10.42 $0.40 -$11.81 $17.47 $1.58 -$0.50
USD/shares -$3.78 $4.45 $9.48 $0.37 -$11.83 $14.50 $1.40 -$0.50
shares — 260.09M 247.37M 235.8M 222.31M 177.32M 68.67M 61.32M
shares — 287.21M 273.38M 254.39M 222.34M 219.97M 91.21M 61.32M
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2023–FY2025: $790.2M in buybacks.

Debt Profile

Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.

Latest reported total
USD 7,200,000,000
As of Mar 31, 2026
Tracked instruments
0
Loans, facilities and note series
Annual baseline
—
Latest approved annual total
Reported total debt history
As of Reported label Amount Source
2026-03-31 fixed-rate convertible notes and senior notes USD 7,200,000,000 10-Q filed 2026-05-07
As of March 31, 2026 and December 31, 2025, the Company had fixed-rate convertible notes and senior notes with varying maturities for an aggregate carrying amount of $7.2 billion. As of March 31, 2026 and December 31, 2025, the fair value of the Company’s convertible notes and senior notes, based on Level 2 valuation inputs, was $6.5 billion and $6.9 billion, respectively. See Note 11. Long-Term Debt

Reported debt balances

Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.

Reported balanceAs ofAmountSource
Long-term debt, including current maturities 2026-06-30 USD 5,900,000,000 10-Q filed 2026-07-30
Related accounting measures — not additional borrowing

Carrying amounts can reflect issuance costs or discounts. Differences between these measures are not necessarily repayments due within a year.

Current portion of long-term debt
USD 0
Noncurrent debt carrying amount
USD 5,944,232,000
Noncurrent operating lease liabilities 2026-06-30 USD 184,863,000 10-Q filed 2026-07-30
Short-term borrowings 2026-06-30 USD 539,195,000 10-Q filed 2026-07-30
1 filing observation remains unmatched and is excluded from instrument histories.
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
1 filing has incomplete source or extraction coverage. Verified observations are shown; missing observations do not establish that debt was unchanged.

Covenants

Covenant terms have not yet been verified for this profile.

The balance figures do not establish whether covenants apply or whether the company complies with them.

Loans, facilities and notes

The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue
6.72×
Peer median 7.46×
EV/EBIT
68.18×
Peer median 20.74×
P/E (TTM)
—
Peer median 24.80×
EV/Adj. EBITDA (FY2025)
15.04×

Peer medians compare against the 10 similar-size Financial Data & Stock Exchanges companies (of 15 listed).

EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.

Valuation over time computed as of each quarter's filing date

EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings as it existed at each sample date — the company's own non-GAAP definition, not an XBRL-tagged figure. Each point's tooltip names its TTM or fiscal-year basis.

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Geography (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
United States $6,010,607,000 $5,460,820,000 $2,725,620,000 $2,684,425,000 $6,339,270,000 $966,153,000 $417,260,000
Non Us $1,170,718,000 $1,103,208,000 $382,763,000 $509,783,000 $1,500,174,000 $311,328,000 $116,475,000

By Product & Service (USD)

Component FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019
Bank Servicing and Subscription and Circulation $6,883,438,000 $6,293,246,000 $2,926,540,000 $3,148,815,000 $7,354,753,000 $1,141,167,000 $482,949,000
Bank Servicing $4,055,390,000 $3,986,113,000 $1,519,654,000 $2,356,244,000 $6,837,266,000 $1,096,174,000 $463,005,000
Bank Servicing Consumer Net $3,322,835,000 $3,430,322,000 $1,334,018,000 $2,123,368,000 $6,490,992,000 $1,040,246,000 $432,919,000
Subscription And Circulation $2,828,048,000 $2,307,133,000 $1,406,886,000 $792,571,000 $517,487,000 $44,993,000 $19,944,000
Subscription and Circulation Stablecoin $1,348,821,000 $910,464,000 $694,247,000 $245,710,000 $9,882,000 — —
Subscription And Circulation Blockchain Infrastructure Service $677,405,000 $705,757,000 $330,885,000 $275,507,000 $223,055,000 $10,413,000 $188,000
Subscription and Circulation Other $554,775,000 $425,113,000 $195,069,000 $109,112,000 $132,304,000 $10,484,000 $2,216,000
Bank Servicing Institutional $479,667,000 $345,598,000 $90,164,000 $119,344,000 $346,274,000 $55,928,000 $30,086,000
Other Revenue $297,887,000 $270,782,000 $181,843,000 $45,393,000 $484,691,000 — —
Bank Servicing Other $252,888,000 $210,193,000 $95,472,000 $113,532,000 — — —
Learning Rewards — — — $17,700,000 $63,100,000 $7,700,000 —
Other Crypto Sales — — $16,000 $625,000 $482,550,000 $136,314,000 $50,786,000
Product and Service Other Crypto Asset Sales — — — $625,000 $482,550,000 $133,688,000 $39,863,000
Subscription and Circulation Custodial Fee — $141,706,000 $69,501,000 $79,847,000 $136,293,000 $18,561,000 $3,009,000
Subscription and Circulation Earn Campaign — — — — $63,125,000 $7,720,000 $117,000
Key facts CIK 1679788 CUSIP 19260Q107 13F (30d) 167 filings 152 filers Visit website Investor relations