Coinbase Global revenue and financials
$185.74Change from previous close: −1.32%Absolute change: −$2.48
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 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 2,426 | 3,104 | 673 | -1,585 | 4,038 | 294 | -80.6 |
| Depreciation and amortization | 188 | 128 | 140 | 154 | 63.7 | 31.0 | 16.9 |
| Capital expenditure | — | — | -63.2 | -2.9 | -2.9 | -9.9 | -33.5 |
| Investing cash flow | -2,050 | -201 | -206 | -664 | -1,125 | — | — |
| Financing cash flow | 740 | 2,903 | -838 | -5,839 | 9,976 | — | — |
| Share repurchases | -790 | 0.0 | 0.0 | -352 | -263 | — | — |
| Debt issued | 3,584 | 1,369 | 31.6 | 191 | 3,400 | — | — |
| Debt repaid | -581 | -48.4 | -356 | -191 | — | — | — |
| Effect of exchange rates | 92.9 | -48.4 | 8.8 | -163 | -64.9 | — | — |
| Net change in cash | 1,210 | 5,758 | -362 | -8,251 | 12,825 | — | — |
| Free cash flow | 2,426 | 3,104 | 673 | -1,585 | 4,038 | — | — |
| Levered free cash flow | 1,298 | 1,821 | 1,445 | -1,145 | 2,651 | — | — |