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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 197 | 183 | 3,065 | -785 | 240 | 853 | 1,512 | 697 | 484 | 411 | -5.2 | 314 |
| Depreciation and amortization | 64.4 | 68.0 | 71.1 | 50.1 | 33.9 | 33.3 | 33.0 | 30.7 | 34.5 | 29.3 | 29.5 | 32.0 |
| Investing cash flow | -261 | -239 | -397 | -736 | -687 | -125 | 32.0 | -88.7 | -18.6 | -126 | 90.5 | -72.4 |
| Financing cash flow | -2,708 | -865 | -1,156 | 3,181 | -405 | -907 | 2,220 | -311 | -934 | 1,928 | 923 | -592 |
| Share repurchases | -287 | -1,181 | -884 | -107 | -101 | -100 | — | — | — | -117 | -93.8 | -68.6 |
| Debt issued | 257 | 244 | 626 | 2,957 | 83.3 | 195 | 123 | — | — | 1,246 | 31.6 | — |
| Debt repaid | -1,517 | -102 | -581 | — | -97.1 | -208 | -48.4 | — | — | — | -133 | -177 |
| Effect of exchange rates | -9.1 | -38.2 | 3.0 | 10.0 | 78.2 | 1.7 | -68.0 | 45.6 | -4.7 | -21.2 | 36.1 | -23.0 |
| Net change in cash | -2,782 | -959 | 1,515 | 1,671 | -774 | -178 | 3,696 | 342 | -473 | 2,192 | 1,044 | -373 |
| Free cash flow | 197 | 183 | 3,065 | -785 | 240 | 853 | 1,512 | 697 | 484 | 411 | -5.2 | 314 |
| Levered free cash flow | 54.1 | 196 | 3,379 | -996 | -201 | -913 | 983 | 491 | 542 | -195 | 65.8 | 231 |