Coinbase Global, Inc.

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19
Total revenue	7.18	6.56	3.11	3.19	7.84	1.28	0.53
Cost of revenue	1.82	1.66	0.42	0.63	1.27	0.14	0.08
Gross profit	5.36	4.91	2.69	2.56	6.57	1.14	0.45
Total operating expenses +	3.92	2.60	2.80	5.23	3.49	0.73	0.49
Selling, general and administrative	0.95	0.69	1.19	1.60	0.91	0.28	0.23
Research and development	1.67	1.47	1.32	2.33	1.29	0.27	0.19
Other operating expenses	1.30	0.44	0.29	1.31	1.29	0.18	0.07
Operating income	1.44	2.31	-0.11	-2.67	3.08	0.41	-0.04
Non-operating income (net)	0.09	0.64	0.04	-0.40	-0.05	0.00	-0.01
Income before tax	1.52	2.94	-0.08	-3.06	3.03	0.41	-0.05
Income tax expense	0.26	0.36	-0.17	-0.44	-0.60	0.09	-0.02
Net income	1.26	2.58	0.09	-2.62	3.62	0.32	-0.03

Show Quarterly Income Statement

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19
Total revenue	1.41	1.03	1.87	1.50	2.03	2.27	1.21	1.43	1.64	0.95	0.67	0.71	0.77	0.63	0.59	0.81	1.17	2.50	1.31	2.23	1.80	0.59	0.32	0.19	0.19	0.13	0.13	0.14	0.14
Cost of revenue	0.43	0.29	0.25	0.43	0.50	0.56	0.35	0.27	0.39	0.16	0.09	0.11	0.10	0.08	0.10	0.17	0.28	0.50	0.20	0.34	0.23	0.05	0.04	0.02	0.03	0.02	0.02	0.02	0.02
Gross profit	0.98	0.74	1.62	1.07	1.53	1.72	0.86	1.15	1.25	0.80	0.58	0.60	0.68	0.55	0.49	0.64	0.89	2.00	1.11	1.89	1.57	0.54	0.28	0.16	0.17	0.11	0.11	0.11	0.11
Total operating expenses +	0.97	1.19	1.13	1.10	0.83	0.68	0.69	0.74	0.49	0.69	0.67	0.67	0.66	1.10	1.05	1.64	1.44	1.07	0.82	1.02	0.58	0.31	0.18	0.12	0.13	0.12	0.12	0.12	0.12
Selling, general and administrative	0.18	0.45	0.42	0.21	0.23	0.16	0.19	0.19	0.15	0.31	0.29	0.26	0.25	0.38	0.34	0.47	0.41	0.30	0.24	0.25	0.12	0.10	0.07	0.05	0.06	0.03	0.05	0.06	0.06
Research and development	0.53	0.50	0.43	0.39	0.36	0.37	0.38	0.36	0.36	0.32	0.32	0.32	0.36	0.59	0.56	0.61	0.57	0.46	0.36	0.29	0.18	0.09	0.07	0.06	0.05	0.05	0.05	0.04	0.04
Other operating expenses	0.26	0.24	0.29	0.50	0.24	0.15	0.12	0.19	-0.02	0.06	0.06	0.09	0.05	0.13	0.15	0.56	0.46	0.32	0.22	0.48	0.27	0.12	0.03	0.01	0.02	0.04	0.02	0.02	0.02
Operating income	0.01	-0.44	0.48	-0.02	0.71	1.03	0.17	-0.03	0.76	0.10	-0.08	-0.07	0.00	-0.56	-0.56	-1.00	-0.55	0.92	0.29	0.87	0.99	0.23	0.10	0.04	0.04	-0.01	-0.02	-0.01	-0.01
Non-operating income (net)	-0.48	-0.44	0.02	1.85	-0.62	0.46	-0.10	-0.03	0.68	0.03	0.11	-0.01	-0.17	-0.02	-0.09	-0.24	-0.05	-0.03	-0.02	-0.01	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income before tax	-0.46	-0.89	0.50	1.82	0.08	1.50	0.07	-0.06	1.44	0.13	0.03	-0.08	-0.17	-0.57	-0.64	-1.24	-0.61	0.89	0.27	0.87	1.00	0.23	0.10	0.04	0.03	-0.01	-0.01	-0.01	-0.01
Income tax expense	-0.07	-0.22	0.07	0.39	0.02	0.21	-0.01	-0.10	0.26	-0.14	0.04	0.02	-0.09	-0.01	-0.10	-0.15	-0.18	0.05	-0.14	-0.74	0.23	0.06	0.02	0.01	0.00	0.00	0.00	0.00	0.00
Net income	-0.39	-0.67	0.43	1.43	0.07	1.29	0.08	0.04	1.18	0.27	0.00	-0.10	-0.08	-0.56	-0.54	-1.09	-0.43	0.84	0.41	1.61	0.77	0.18	0.08	0.03	0.03	-0.01	-0.01	-0.01	-0.01

about 2 months ago

Ask a follow up

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19
Total cash and short-term investments +	11.91	9.55	5.53	5.29	7.22	1.11	0.64
Cash and cash equivalents	11.29	8.54	5.14	4.43	7.12	1.06	0.55
Short-term investments	0.63	1.00	0.39	0.86	0.10	0.05	0.09
Accounts receivable, net	1.73	0.91	0.63	0.46	0.37	0.19	0.09
Inventories			-4.71	80.68	10.69	3.83	1.26
Other current assets	6.75	7.65	5.20	80.70	10.78	3.83	1.26
Total current assets	20.39	18.11	11.36	86.45	18.37	5.13	1.99
Total non-current assets +	9.28	4.43	3.40	3.28	2.90	0.72	0.40
Property, plant and equipment, net				0.17	0.06	0.15	0.17
Goodwill	4.17	1.14	1.14	1.07	0.63	0.08	0.05
Intangible assets	1.40	0.05	0.09	0.14	0.18	0.38	0.07
Long-term investments	2.62	1.93	0.79	0.77	0.37	0.03	0.02
Other non-current assets
Total assets	29.67	22.54	14.75	89.72	21.27	5.86	2.39

Total current liabilities +	8.70	7.94	5.49	80.82	11.42	4.25	1.22
Accounts payable	0.12	0.06	0.04	0.06	0.04	0.01	0.01
Short-term debt	1.72	0.31	0.01	0.05	0.05	0.30	0.02
Current portion of long-term debt	1.72	0.37		0.02	0.43	0.27
Deferred revenue
Other current liabilities	6.86	7.48	-191.74	0.46	0.84	0.08	0.08
Total non-current liabilities +	6.18	4.32	2.99	3.46	3.47	0.64	0.67
Long-term debt	5.94	4.23	2.98	3.39	3.38
Capital lease obligations	0.17	0.09	0.01	0.08	0.11	0.11	0.13
Other non-current liabilities	0.07	0.00	0.00	0.06	0.01
Total liabilities	14.88	12.27	8.47	84.27	14.89	4.89	1.89

Total stockholders' equity +	14.79	10.28	6.28	5.45	6.38	0.96	0.50
Common stock and paid-in capital	8.57	5.32	4.46	3.73	2.03	0.24	0.09
Retained earnings	6.22	4.96	1.82	1.73	4.35	0.73	0.40
Common shares outstanding	287	273	254	222	220	186	67

Show Quarterly Balance Sheet

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19
Total cash and short-term investments +	10.68	11.91	13.33	9.55	10.15	9.55	8.48	8.04	7.31	5.53	5.50	5.48	5.32	5.29	5.37	6.04	6.30	7.22	6.44	4.51	2.09	1.11	0.00	0.69	0.55	0.55	0.55	0.00	0.00
Cash and cash equivalents	10.21	11.29	8.68	7.54	8.05	8.54	7.72	7.23	6.71	5.14	5.10	5.17	5.02	4.43	5.01	5.68	6.12	7.12	6.35	4.37	1.98	1.06		0.69	-0.55	0.55	0.55
Short-term investments	0.48	0.63	4.66	2.01	2.10	1.00	0.76	0.81	0.60	0.39	0.40	0.32	0.30	0.86	0.37	0.36	0.18	0.10	0.09	0.14	0.10	0.05			1.10
Accounts receivable, net	1.81	1.73	1.30	1.14	0.77	0.91	0.72	0.96	1.12	0.63	0.47	0.49	0.55	0.46	0.30	0.31	0.40	0.37	0.33	0.62	0.21	0.19	0.19	0.03	0.11	0.01	0.01
Inventories							0.06		335.37		117.93	128.27	129.94	80.68	101.82	95.80	10.24	10.69	9.09	9.10	6.32	3.83				0.00	0.00
Other current assets	7.18	6.75	7.46	6.80	6.54	7.65	277.22	273.89	335.41	5.20	117.95	128.29	129.97	80.70	102.00	95.81	10.24	10.78	9.09	9.11	6.38	3.83	3.85	1.88	1.77	1.42	1.42
Total current assets	19.68	20.39	22.09	17.49	17.45	18.11	286.43	282.89	343.84	11.36	123.92	134.26	135.84	86.45	107.68	102.16	16.94	18.37	15.87	14.24	8.67	5.13	5.13	2.59	0.55	1.99	1.99
Total non-current assets +	9.17	9.28	9.26	5.99	4.28	4.43	4.13	4.07	4.20	3.40	3.39	3.39	3.46	3.28	3.49	3.31	3.95	2.90	2.58	1.55	1.53	0.72		0.38	-0.55	0.40	0.40
Property, plant and equipment, net												0.19	0.17	0.17	0.17	0.14	0.07	0.06	0.06	0.16	0.16	0.15	0.15	0.16	0.16
Goodwill	4.21	4.17	4.00	1.15	1.15	1.14	1.14	1.14	1.14	1.14	1.14	1.14	1.14	1.07	1.07	1.07	1.08	0.63	0.57	0.50	0.48	0.08		0.05		0.05	0.05
Intangible assets	1.36	1.40	1.42	0.04	0.05	0.05	0.05	0.07	0.08	0.09	0.09	0.11	0.13	0.14	0.78	0.19	0.22	0.18	0.14	0.12	0.09	0.38		0.06		0.07	0.07
Long-term investments	2.43	2.62	3.00	3.77	1.69	1.93	1.62	1.57	1.87	0.79	0.81	0.79	0.83	0.77	0.36	0.35	0.40	0.37	0.28	0.07	0.04	0.03
Other non-current assets
Total assets	28.85	29.67	31.35	23.48	21.73	22.54	290.56	286.96	348.04	14.75	127.31	137.65	139.30	89.72	111.17	105.47	20.90	21.27	18.45	15.79	10.20	5.86		2.97		2.39	2.39

Total current liabilities +	9.19	8.70	9.19	8.23	6.93	7.94	277.59	274.35	335.73	5.49	118.30	128.54	130.20	80.82	102.07	96.19	10.92	11.42	9.62	9.68	7.26	4.25	4.25	1.73	1.73	1.22	1.22
Accounts payable	0.11	0.12	0.09	0.07	0.06	0.06	0.04	0.04	0.03	0.04	0.04	0.03	0.02	0.06	0.06	0.04	0.01	0.04	0.03	0.04	0.02	0.01	0.01	0.01	0.01	0.01	0.01
Short-term debt	1.84	1.72	1.27	1.27	0.27	0.31	0.27	0.24	0.28	0.06	0.01	0.01	0.01	0.05	0.03	0.03	0.18	0.05	0.48	0.40	0.57	0.30		0.03		0.02	0.02
Current portion of long-term debt	1.84	1.72	1.27	1.27		0.37								0.02	0.00	0.00	0.15	0.43	0.45	0.37	0.54	0.27
Deferred revenue
Other current liabilities	7.24	6.86	7.84	6.90	6.47	7.48	277.28	0.67	0.68	-191.79	0.47	0.40	0.44	0.46	0.50	0.58	0.98	0.84	0.30	0.27	0.20	0.08	3.88	1.70	1.66	1.19	1.19
Total non-current liabilities +	6.18	6.18	6.14	3.15	4.33	4.32	4.24	4.23	4.23	2.99	3.09	3.36	3.42	3.46	3.47	3.46	3.48	3.47	3.48	1.49	0.64	0.64		0.09		0.11	0.11
Long-term debt	5.94	5.94	5.93	2.97	4.24	4.23	4.23	4.23	4.23	2.98	3.08	3.33	3.40	3.39	3.39	3.39	3.39	3.38	3.38	1.41
Capital lease obligations	0.19	0.17	0.17	0.17	0.09	0.09			0.01	0.01	0.02	0.02	0.02	0.08	0.08	0.09	0.10	0.11	0.11	0.11	0.12	0.11
Other non-current liabilities	0.05	0.07	0.04	0.01	0.01	0.00	0.01	0.01	0.01	0.00	0.00	0.02	0.03	0.06	0.08	0.07	0.09	0.01	0.01
Total liabilities	15.37	14.88	15.33	11.38	11.26	12.27	281.83	278.59	339.97	8.47	121.38	131.90	133.63	84.27	105.54	99.65	14.40	14.89	13.09	11.17	7.90	4.89		1.83		1.33	1.33

Total stockholders' equity +	13.48	14.79	16.02	12.09	10.47	10.28	8.73	8.37	8.07	6.28	5.92	5.75	5.67	5.45	5.63	5.81	6.50	6.38	5.36	4.62	2.30	0.96		1.15	1.06	1.06	1.06
Common stock and paid-in capital	7.65	8.57	9.14	5.64	5.44	5.32	5.06	4.78	4.51	4.46	4.37	4.21	4.03	3.73	3.34	2.99	2.58	2.03	1.85	1.52	0.81	0.24	-0.73	0.68	0.59	0.66	0.66	0.00	0.00
Retained earnings	5.83	6.22	6.89	6.46	5.03	4.96	3.67	3.59	3.56	1.82	1.55	1.55	1.65	1.73	2.28	2.83	3.92	4.35	3.51	3.10	1.50	0.73	0.73	0.47	0.47	0.40	0.40
Common shares outstanding	265	268	292	279	271	277	267	267	268	261	237	235	231	223	224	221	217	235	251	248	199	193	186	206	206	67	67	67	67

about 2 months ago

Ask a follow up

	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19
Operating cash flow +	2.43	2.56	0.92	-1.59	4.04	3.00	-0.08
Net income
Depreciation, depletion and amortization	0.19	0.13	0.14	0.15	0.06	0.03	0.02
Stock-based compensation	0.84	0.91	0.78	1.57	0.82	0.07	0.03
Change in inventory					0.01	-2.73	0.00
Other working capital changes	1.40	1.52	0.00	-3.31	3.15	5.63	-0.13
Cash flow from investing +	-2.05	-0.28	0.01	-0.66	-1.12	0.05	-0.11
Capital expenditures	0.00	0.00	-0.06	0.00	-0.08	-0.02	-0.04
Others incl. marketable securities changes	-2.05	-0.28	0.07	-0.66	-1.04	0.07	-0.06
Cash flow from financing +	0.74	2.83	-0.81	-5.84	9.98	0.02	-0.02
Dividend payout				-0.28	-3.35	-0.01	-0.03
Common stock repurchases	-0.79	0.00	-0.28	-0.35	-0.26	0.00	-0.02
Net Debt Issuance	1.53	2.83	-0.53	-5.21	13.59	0.03	0.03

Change in cash	1.12	5.10	0.12	-8.09	12.89	3.07	-0.20

Show Quarterly Cash Flow

	Mar-26	Dec-25	Sep-25	Jun-25	Mar-25	Dec-24	Sep-24	Jun-24	Mar-24	Dec-23	Sep-23	Jun-23	Mar-23	Dec-22	Sep-22	Jun-22	Mar-22	Dec-21	Sep-21	Jun-21	Mar-21	Dec-20	Sep-20	Jun-20	Mar-20	Dec-19	Sep-19	Jun-19	Mar-19
Operating cash flow +	0.18	3.07	-0.78	0.33	-0.18	0.96	0.70	0.48	0.41	-0.01	0.31	0.15	0.46	3.23	-0.40	-0.35	-0.09	2.99	0.34	3.98	3.41	2.16	0.21	0.17	0.47	-0.22	-0.22	0.18	0.18
Net income
Depreciation, depletion and amortization	0.07	0.07	0.05	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04	0.04	0.03	0.02	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.00	0.00
Stock-based compensation	0.25	0.23	0.22	0.20	0.19	0.22	0.25	0.22	0.22	0.16	0.22	0.20	0.28	0.43	0.39	0.39	0.35	0.26	0.26	0.19	0.10	0.03	0.02	0.01	0.01	0.02	0.02	0.01	0.01
Change in inventory										0.01	-0.12	-0.03	0.07	0.17	0.01	0.00		0.01			-0.04
Other working capital changes	-0.13	2.76	-1.06	0.10	-0.41	0.71	0.42	0.23	0.16	-0.21	0.18	-0.06	0.07	2.59	-0.84	-0.79	-0.48	2.69	0.06	3.78	3.34	2.12	0.18	0.15	0.45	-0.24	-0.24	0.17	0.17
Cash flow from investing +	-0.24	-0.40	-0.74	-0.69	-0.23	-0.05	-0.09	-0.02	-0.13	0.09	-0.07	0.01	-0.03	-0.03	-0.02	0.07	-0.69	-0.48	-0.31	-0.30	-0.04	0.02	0.03	0.01	-0.01	-0.04	-0.04	-0.01	-0.01
Capital expenditures	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-0.01	0.00	0.00	0.00	-0.01	-0.02	-0.03	-0.01	-0.04	-0.01	-0.03	0.00	-0.01	-0.01	0.00	0.00	-0.04	-0.04	-0.01	-0.01
Others incl. marketable securities changes	-0.24	-0.40	-0.74	-0.69	-0.23	-0.05	-0.09	-0.02	-0.13	0.10	-0.07	0.01	-0.03	-0.01	0.00	0.10	-0.68	-0.44	-0.30	-0.27	-0.03	0.03	0.04	0.01	0.00	-0.01	-0.01	0.00	0.00
Cash flow from financing +	-0.86	-1.16	3.18	-0.39	-0.89	2.15	-0.31	-0.93	1.93	0.92	-0.59	-1.60	0.46	-5.61	-0.60	-2.88	-0.73	-0.11	1.96	1.37	0.06	0.02	0.00	0.00	0.00	0.00	0.00	-0.01	-0.01
Dividend payout											-0.05	-0.04	-0.06	-0.07	-0.05
Common stock repurchases	-1.06	-0.48	-0.11	-0.10	-0.10				-0.12	-0.09	-0.07	-0.05	-0.06	-0.08	-0.06	-0.07	-0.14	-0.16	-0.05	-0.05	0.06	0.00		0.00		-0.01	-0.01
Net Debt Issuance	0.20	-0.67	3.29	-0.29	-0.79	2.15	-0.31	-0.93	2.04	1.02	-0.47	-1.51	0.59	-5.46	-0.50	-2.81	-0.58	0.05	2.01	1.43	0.00	0.02	0.00	0.00	0.00	0.01	0.01	-0.01	-0.01

Change in cash	-0.92	1.51	1.66	-0.75	-1.31	3.06	0.30	-0.47	2.21	1.01	-0.35	-1.44	0.90	-2.40	-1.02	-3.16	-1.51	2.40	1.99	5.06	3.43	2.20	0.24	0.17	0.47	-0.26	-0.26	0.16	0.16