Coinbase

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

                    Revenue
                    FY2025
                
Not reported
                    
                    No matching line (6 accounts checked)
                    
                    Net income
                    FY2025
                
$1.3B
                    
                    -51.1%
                    
                    Total assets
                    FY2025
                
$29.7B
                    ROA +4.2%
                    
                    P67
                    
                    +31.6%
                    
                    Operating cash flow
                    FY2025
                
$2.4B
                    
                    -21.8%

7 yrs · FY2019–FY2025 7 filed · 0 derived · 2 blank

1Y 3Y 5Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

17 accounts · 3 years

Total assets $29.7B

Total liabilities $14.9B

Shareholders equity $14.8B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	38.0%	41.3%	4.7%
Investment Securities	6.7%	6.9%	—
Loans net	4.6%	2.9%	0.2%
Goodwill	14.1%	5.1%	0.6%
Other Assets	36.6%	43.9%	94.5%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Short Term Borrowings	1.5%	1.7%	0.0%
Long Term Debt	24.3%	18.8%	1.4%
Other Liabilities	24.3%	34.0%	95.5%
Total Liabilities	50.1%	54.4%	97.0%
Equity
Total Stockholders Equity	49.9%	45.6%	3.0%
Common Stock	0.0%	0.0%	—
Retained Earnings	21.0%	22.0%	0.9%
Accumulated Other Comprehensive Income	0.0%	-0.2%	-0.0%
Additional Paid In Capital	28.9%	23.8%	2.2%
Other Equity	0.0%	0.0%	0.0%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

6 accounts · 3 years

Revenue Not reported

Operating income Not reported

Net income $1.3B

Account	2025	2024	2023
IncomeStatement
Income Tax Income Tax Expense	0.9%	1.6%	-0.1%
net Income Other Items Below Tax	-19.1%	-16.1%	-1.5%
net Income net Income	4.2%	11.4%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	1.0%	1.2%	0.1%

Cash Flow Statement

Operating, investing, and financing flows

12 accounts · 3 years

Operating cash flow $2.4B

Investing cash flow $-2.0B

Financing cash flow $740.3M

Account	2025	2024	2023
CashFlow
Operating Activities net Cash From Operating Activities	8.2%	13.8%	0.3%
Operating Activities net Income	4.2%	11.4%	0.0%
Operating Activities Depreciation and Amortization	0.6%	0.5%	0.1%
Operating Activities Stock Based Compensation	2.8%	4.0%	0.4%
Operating Activities Other Non Cash Items	0.5%	-2.3%	-0.2%
Investing Activities net Cash From Investing Activities	-6.9%	-0.9%	-0.1%
Investing Activities Other Investing Activities	-6.9%	-0.9%	-0.1%
Financing Activities net Cash From Financing Activities	2.5%	12.9%	-0.4%
Financing Activities Repurchase of Common Stock	-2.7%	0.0%	0.0%
Financing Activities Other Financing Activities	5.2%	12.9%	-0.4%
Cash Reconciliation Effect of Exchange Rate On Cash	0.3%	-0.2%	0.0%
Cash Reconciliation net Change In Cash	3.8%	25.8%	-0.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	—	—	—
Operating margin	—	—	—
Net margin	—	—	—
FCF margin	—	—	—
Growth
Revenue CAGR (3y)	—	—	—
Returns
ROE	+8.5%	+25.1%	+1.5%
ROA	+4.2%	+11.4%	+0.0%
ROIC	—	—	—
Liquidity
Current ratio	—	—	—
Quick ratio	—	—	—
Leverage
D/E	1.01x	1.19x	31.95x
Interest coverage	—	—	—
Efficiency
Asset turnover	—	—	—
Cash conversion cycle	—	—	—

Valuation

Price against fundamentals

FY2025 fundamentals · no price

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