Coinbase Global Inc. (COIN) Financial Statements (2025 and earlier)

Company Profile

Business Address C/O CORPORATION SERVICE COMPANY
WILMINGTON, DE 19808
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)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5,1524,4367,135
Cash and cash equivalents5,1394,4257,123
Short-term investments 131112
Restricted cash and investments232631
Receivables425465457
Prepaid expense 8098123
Other current assets16193
Financing receivable, excluding accrued interest, after allowance for credit loss 98 
Other undisclosed current assets197,77081,30610,624
Total current assets:203,46786,44818,374
Noncurrent Assets
Operating lease, right-of-use asset 136998
Property, plant and equipment 19317259
Intangible assets, net (including goodwill)1,2261,2091,791
Goodwill1,1401,074626
Intangible assets, net (excluding goodwill) 861351,165
Deferred income tax assets1,272  
Other noncurrent assets3631,402952
Other undisclosed noncurrent assets450424 
Total noncurrent assets:3,5163,2772,901
TOTAL ASSETS:206,98389,72521,274
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities486387479
Accounts payable 395640
Accrued liabilities447331440
Derivative instruments and hedges, liabilities 63152427
Other undisclosed current liabilities197,16580,27710,513
Total current liabilities:197,71480,81511,419
Noncurrent Liabilities
Long-term debt and lease obligation2,9803,3933,459
Long-term debt, excluding current maturities2,9803,3933,385
Liabilities, other than long-term debt76215
Other liabilities32015
Operating lease, liability 44274
Total noncurrent liabilities:2,9873,4553,474
Total liabilities:200,70184,27014,893
Equity
Equity, attributable to parent, including:6,2825,4556,382
Additional paid in capital4,4923,7682,035
Accumulated other comprehensive loss(30)(39)(3)
Retained earnings1,8201,7254,350
Other undisclosed equity, attributable to parent000
Total equity:6,2825,4556,382
TOTAL LIABILITIES AND EQUITY:206,98389,72521,274

Income Statement (P&L) ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues3,1083,1947,839
Gross profit:3,1083,1947,839
Operating expenses(3,270)(5,904)(4,763)
Operating income (loss):(162)(2,710)3,077
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
168(265)(50)
Interest and debt expense(83)(89)(29)
Income (loss) from continuing operations before equity method investments, income taxes:(77)(3,065)2,998
Other undisclosed income from continuing operations before income taxes  29
Income (loss) from continuing operations before income taxes:(77)(3,065)3,027
Income tax expense (benefit)172440597
Income (loss) from continuing operations:95(2,625)3,624
Income before gain (loss) on sale of properties:3,624
Net income (loss) attributable to parent:95(2,625)3,624
Other undisclosed net loss available to common stockholders, basic(0) (527)
Net income (loss) available to common stockholders, basic:95(2,625)3,097
Interest on convertible debt  6
Other undisclosed net income (loss) available to common stockholders, diluted(0)(6)87
Net income (loss) available to common stockholders, diluted:95(2,631)3,190

Comprehensive Income ($ in millions)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income (loss):95(2,625)3,624
Other comprehensive income8  
Other undisclosed comprehensive income   
Comprehensive income (loss):103(2,625)3,624
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (35)(10)
Comprehensive income (loss), net of tax, attributable to parent: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.

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