Coinbase Global revenue and financials
$188.22Change from previous close: +2.85%Absolute change: +$5.22
In the fiscal year ended December 2025, Coinbase Global reported revenue of $7.18B (+9.40% year over year). Net income was $1.26B, a net margin of 17.6%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +9.40%
- 2025 vs 2024
- Net income growth
- −51.13%
- 2025 vs 2024
- Net margin
- 17.6%
- 2024: 39.3%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Total revenue | 7,181 | 6,564 | 3,108 | 3,194 | 7,839 | 1,277 | 534 |
| Cost of revenue | 1,020 | 898 | 421 | 630 | 1,268 | — | — |
| Gross profit | 5,863 | 5,396 | 2,506 | 2,519 | 6,569 | — | — |
| Selling, general and administrative | 2,678 | 1,955 | 1,407 | 2,111 | 1,526 | — | — |
| Research and development | 1,671 | 1,468 | 1,325 | 2,326 | 1,292 | 272 | 185 |
| Operating income | 1,435 | 2,307 | -162 | -2,710 | 3,077 | 409 | -45.8 |
| EBIT | 1,483 | 2,036 | -201 | -2,715 | 3,275 | — | — |
| EBITDA | 1,671 | 2,164 | -61.3 | -2,561 | 3,339 | — | — |
| Interest expense | 85.4 | 80.6 | 82.8 | 88.9 | 29.2 | 0.0 | — |
| Pre-tax income | 1,522 | 2,943 | -76.8 | -3,065 | 3,027 | — | — |
| Income tax | 262 | 364 | -172 | -440 | -597 | 86.9 | -15.0 |
| Net income | 1,260 | 2,579 | 94.9 | -2,625 | 3,624 | 322 | -30.4 |
| Net income to common shareholders | 1,260 | 2,578 | 94.8 | -2,625 | 3,097 | — | — |
| Basic EPS | 4.85 | 10.42 | 0.40 | -11.81 | 17.47 | 1.58 | -0.50 |
| Diluted EPS | 4.45 | 9.48 | 0.37 | -11.83 | 14.50 | 1.40 | -0.50 |
| Average shares (basic) | 260 | 247 | 236 | 222 | 177 | — | — |
| Average shares (diluted) | 287 | 273 | 254 | 222 | 220 | 91.2 | 61.3 |