Coinbase Global, Inc. (COIN) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
ONE MADISON AVENUE NEW YORK, NY 10010 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6199 - Finance Services (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in millions)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 8,544 | 5,152 | 4,436 | 7,135 | |||
| Cash and cash equivalent | 8,544 | 5,139 | 4,425 | 7,123 | |||
| Short-term investments | 13 | 11 | 12 | ||||
| Restricted cash and investments | 39 | 23 | 26 | 31 | |||
| Receivables | 265 | 425 | 465 | 457 | |||
| Prepaid expense | 80 | 98 | 123 | ||||
| Other current assets | 278 | 16 | 19 | 3 | |||
| Financing receivable, excluding accrued interest, after allowance for credit loss | ✕ | ✕ | 98 | ||||
| Other undisclosed current assets | 8,987 | 197,770 | 81,306 | 10,624 | |||
| Total current assets: | 18,113 | 203,467 | 86,448 | 18,374 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 13 | 69 | 98 | ||||
| Property, plant and equipment | 200 | 193 | 172 | 59 | |||
| Intangible assets, net (including goodwill) | 1,186 | 1,226 | 1,209 | 1,791 | |||
| Goodwill | 1,140 | 1,140 | 1,074 | 626 | |||
| Intangible assets, net (excluding goodwill) | 47 | 86 | 135 | 1,165 | |||
| Deferred income tax assets | 941 | 1,272 | |||||
| Other noncurrent assets | 548 | 363 | 1,402 | 952 | |||
| Other undisclosed noncurrent assets | 1,553 | 450 | 424 | ||||
| Total noncurrent assets: | 4,429 | 3,516 | 3,277 | 2,901 | |||
| TOTAL ASSETS: | 22,542 | 206,983 | 89,725 | 21,274 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 690 | 486 | 387 | 479 | |||
| Accounts payable | 63 | 39 | 56 | 40 | |||
| Accrued liabilities | 627 | 447 | 331 | 440 | |||
| Debt | |||||||
| Derivative instruments and hedges, liabilities | 63 | 152 | 427 | ||||
| Other undisclosed current liabilities | 7,251 | 197,165 | 80,277 | 10,513 | |||
| Total current liabilities: | 7,941 | 197,714 | 80,815 | 11,419 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 4,234 | 2,980 | 3,393 | 3,459 | |||
| Long-term debt, excluding current maturities | 4,234 | 2,980 | 3,393 | 3,385 | |||
| Liabilities, other than long-term debt | 90 | 7 | 62 | 15 | |||
| Other liabilities | 90 | 3 | 20 | 15 | |||
| Operating lease, liability | 4 | 42 | 74 | ||||
| Total noncurrent liabilities: | 4,324 | 2,987 | 3,455 | 3,474 | |||
| Total liabilities: | 12,265 | 200,701 | 84,270 | 14,893 | |||
| Equity | |||||||
| Equity, attributable to parent, including: | 10,277 | 6,282 | 5,455 | 6,382 | |||
| Additional paid in capital | 5,366 | 4,492 | 3,768 | 2,035 | |||
| Accumulated other comprehensive loss | (50) | (30) | (39) | (3) | |||
| Retained earnings | 4,961 | 1,820 | 1,725 | 4,350 | |||
| Other undisclosed equity, attributable to parent | 0 | 0 | 0 | 0 | |||
| Total equity: | 10,277 | 6,282 | 5,455 | 6,382 | |||
| TOTAL LIABILITIES AND EQUITY: | 22,542 | 206,983 | 89,725 | 21,274 | |||
Income Statement (P&L) ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Revenues | 6,564 | 3,108 | 3,194 | 7,839 | ||
| Gross profit: | 6,564 | 3,108 | 3,194 | 7,839 | ||
| Operating expenses | (4,257) | (3,270) | (5,904) | (4,763) | ||
| Operating income (loss): | 2,307 | (162) | (2,710) | 3,077 | ||
| Nonoperating income (expense) (Other Nonoperating Income (Expense)) | 29 | 168 | (265) | (50) | ||
| Interest and debt expense | (81) | (83) | (89) | (29) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 2,256 | (77) | (3,065) | 2,998 | ||
| Other undisclosed income from continuing operations before income taxes | 687 | 29 | ||||
| Income (loss) from continuing operations before income taxes: | 2,943 | (77) | (3,065) | 3,027 | ||
| Income tax expense (benefit) | (364) | 172 | 440 | 597 | ||
| Income (loss) from continuing operations: | 2,579 | 95 | (2,625) | 3,624 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 3,624 | |
| Net income (loss) attributable to parent: | 2,579 | 95 | (2,625) | 3,624 | ||
| Other undisclosed net loss available to common stockholders, basic | (1) | (0) | (527) | |||
| Net income (loss) available to common stockholders, basic: | 2,578 | 95 | (2,625) | 3,097 | ||
| Interest on convertible debt | 13 | 6 | ||||
| Other undisclosed net income (loss) available to common stockholders, diluted | 0 | (0) | (6) | 87 | ||
| Net income (loss) available to common stockholders, diluted: | 2,591 | 95 | (2,631) | 3,190 | ||
Comprehensive Income ($ in millions)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | 2,579 | 95 | (2,625) | 3,624 | ||
| Other comprehensive income (loss) | (20) | 8 | ||||
| Comprehensive income (loss): | 2,559 | 103 | (2,625) | 3,624 | ||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (35) | (10) | ||||
| Comprehensive income (loss), net of tax, attributable to parent: | 2,559 | 103 | (2,660) | 3,614 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.