Coinbase

Financials Financial Exchanges & Data New York City, New York Last filing Feb 12, 2026 · FY2025

Balance Sheet

Assets, liabilities, and equity

27 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
BS Assets Cash	$11.3B	$8.5B	$5.1B	$4.4B	$7.1B
BS Assets Short Term Invest	$0	$0	$0	$11.4M	$11.5M
BS Assets Accts Receivable	$307.1M	$265.3M	$168.3M	—	—
BS Assets Prepaid Expenses	$94.9M	$88.5M	$79.6M	$98.2M	$123.2M
BS Assets Other Current Assets	$187.2M	$277.5M	$16.2M	$18.8M	$2.9M
BS Assets Total Current	$20.4B	$18.1B	$203.5B	$86.4B	$18.4B
BS Assets PPE	$264.6M	$200.1M	$192.6M	$171.9M	$59.2M
BS Assets Op Lease ROU	$141.6M	$81.2M	$12.7M	$69.4M	$98.4M
BS Assets Goodwill	$4.2B	$1.1B	$1.1B	$1.1B	$625.8M
BS Assets Intangible Assets	$1.4B	$46.8M	$86.4M	$135.4M	$1.2B
BS Assets Deferred Tax Assets	$570.8M	$941.3M	$1.3B	$1.0B	$573.5M
BS Assets Other Noncurrent	$259.4M	$548.5M	$362.9M	$1.4B	$952.3M
BS Assets Total	$29.7B	$22.5B	$207.0B	$89.7B	$21.3B
BS Liab Accts Payable	$117.6M	$63.3M	$39.3M	$56.0M	$39.8M
BS Liab Accrued Liab	$687.7M	$626.8M	$447.1M	$331.2M	$439.6M
BS Liab Current Debt	$1.3B	—	—	$20.5M	—
BS Liab Other Current	$240.5M	$89.7M	$3.4M	$19.5M	$14.8M
BS Liab Total Current	$8.7B	$7.9B	$197.7B	$80.8B	$11.4B
BS Liab Long Term Debt	$5.9B	$4.2B	$3.0B	$3.4B	$3.4B
BS Liab Op Lease Noncurrent	$172.7M	$85.8M	$3.8M	$42.0M	$74.1M
BS Liab Other Noncurrent	$240.5M	$89.7M	$3.4M	$19.5M	$14.8M
BS Liab Total	$14.9B	$12.3B	$200.7B	$84.3B	$14.9B
BS Equity APIC	$8.6B	$5.4B	$4.5B	$3.8B	$2.0B
BS Equity Retained Earnings	$6.2B	$5.0B	$1.8B	$1.7B	$4.4B
BS Equity AOCI	$5.0M	$-50.1M	$-30.3M	$-38.6M	$-3.4M
BS Equity Total	$14.8B	$10.3B	$6.3B	$5.5B	$6.4B
BS Equity Total Liab and Equity	$29.7B	$22.5B	$207.0B	$89.7B	$21.3B

Income Statement

Revenue, expense, and profitability

17 accounts · 5 years

Revenue $7.2B

Operating income $1.4B

Net income $1.3B

Account	2025	2024	2023	2022	2021
Statement
IS Revenue Total	$7.2B	$6.6B	$3.1B	$3.2B	$7.8B
IS Expense Rn D	$1.7B	$1.5B	$1.3B	$2.3B	$1.3B
IS Expense SGA	$1.6B	$1.3B	$1.1B	$1.6B	$909.4M
IS Expense DA	$67.1M	$27.0M	$69.6M	$106.1M	$45.3M
IS Expense SBC	$839.4M	$912.8M	$780.7M	$1.6B	$820.7M
IS Expense Restructuring	$0	$0	$142.6M	$40.7M	$0
IS Expense Total Opex	$5.7B	$4.3B	$3.3B	$5.9B	$4.8B
IS Operating Income	$1.4B	$2.3B	$-161.7M	$-2.7B	$3.1B
IS Other Nonop Inc Exp	$700.9M	$29.1M	$167.6M	$-265.5M	$-20.5M
IS Pre Tax Income	$1.5B	$2.9B	$-76.8M	$-3.1B	$3.0B
IS Tax Expense	$261.7M	$363.6M	$-171.7M	$-439.6M	$-597.2M
IS net Income	$1.3B	$2.6B	$94.9M	$-2.6B	$3.6B
IS Comprehensive Income	$1.3B	$2.6B	$103.2M	$-2.7B	$3.6B
IS EPS Basic	$5	$10	$0	$-12	$17
IS EPS Diluted	$4	$9	$0	$-12	$14
IS Shares Basic	$260.1M	$247.4M	$235.8M	$222.3M	$177.3M
IS Shares Diluted	$287.2M	$273.4M	$254.4M	$222.3M	$220.0M

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 5 years

Account	2025	2024	2023	2022	2021
Statement
CF Ops net Income	$1.3B	$2.6B	$94.9M	$-2.6B	$3.6B
CF Ops DA	$67.1M	$27.0M	$69.6M	$106.1M	$45.3M
CF Ops SBC	$839.4M	$912.8M	$780.7M	$1.6B	$820.7M
CF Ops Deferred Tax	$238.3M	$151.3M	$-216.3M	$-468.0M	$-558.3M
CF Ops Working Capital	$2.0M	$478.0M	$-326.2M	$1.0B	$-141.4M
CF Ops Other	$62.2M	$11.3M	$151.1M	$84.5M	$5.5M
CF Ops net Cash	$2.4B	$3.1B	$673.4M	$-1.6B	$4.0B
CF Inv Acquisitions	$742.0M	$0	$30.7M	$186.2M	$70.9M
CF Inv Other	$110.6M	$74.3M	$106.9M	$167.0M	$-2.3M
CF Inv net Cash	$-2.0B	$-201.0M	$-206.2M	$-663.8M	$-1.1B
CF Fin Debt Repayment	$0	$0	$303.5M	$0	$0
CF Fin Share Repurchases	$790.2M	$0	$0	—	—
CF Fin Stock Issuance	$78.3M	$126.1M	$47.9M	$51.5M	$217.1M
CF Fin Tax Withholding	$402.8M	$117.2M	$277.8M	$351.9M	$262.8M
CF Fin Other	$33.1M	$16.4M	$16.3M	$24.5M	$433.0K
CF Fin net Cash	$740.3M	$2.9B	$-838.2M	$-5.8B	$10.0B
CF FX Effect	$92.8M	$-48.4M	$8.8M	$-163.3M	$-64.9M
CF net Change	$1.1B	$5.8B	$-371.0M	$-8.1B	$12.9B
CF Cash Begin	$16.9B	$15.7B	$9.6B	$9.4B	$17.7B
CF Cash End	$16.9B	$15.7B	$9.6B	$9.4B	$17.7B

Stock Data

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Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

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