Financials in USD. Standardized financial statements.
A compact view of how Coinbase Global, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue? | $7.18B | $6.56B | $3.11B | $3.19B | $7.84B | $1.28B | $533.74M |
| Revenue Growth? | +9.4% | +111.2% | -2.7% | -59.3% | +513.7% | +139.3% | 0.0% |
| Cost of Revenue? | $1.82B | $1.66B | $1.14B | $629.88M | $1.74B | $135.51M | $82.06M |
| Gross Profit? | $5.36B | $4.91B | $1.97B | $2.56B | $6.10B | $1.14B | $451.68M |
| Gross Margin? | +74.6% | +74.7% | +63.5% | +80.3% | +77.8% | +89.4% | +84.6% |
| Operating Expenses? | $3.92B | $2.60B | $2.13B | $5.27B | $3.02B | $733.02M | $487.32M |
| Operating Income? | $1.44B | $2.31B | -$161.66M | -$2.71B | $3.08B | $408.95M | -$35.64M |
| EBITDA? | $1.80B | $3.15B | $145.56M | -$2.82B | $3.12B | $439.91M | -$5.44M |
| Income Before Tax | $1.52B | $2.94B | -$76.84M | -$3.06B | $3.03B | $409.20M | -$45.42M |
| Income Tax Expense | $261.74M | $363.58M | -$171.72M | -$439.63M | -$597.17M | $86.88M | -$15.03M |
| Net Income? | $1.26B | $2.58B | $94.87M | -$2.62B | $3.62B | $322.32M | -$30.39M |
| EPS? | $4.85 | $10.42 | $0.40 | $-11.84 | $17.47 | $0.58 | $-0.46 |
| Diluted EPS? | $4.45 | $9.48 | $0.37 | $-11.83 | $14.50 | $0.58 | $-0.45 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality