Coinbase Global Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Revenue | $7.18B | $6.56B | $3.11B | $3.19B | $7.84B | $1.28B | $533.7M |
| Transaction Revenue | — | $3.57B | $1.52B | — | $6.84B | $1.10B | $463.1M |
| Subscription and Services Revenue | — | $2.31B | $1.41B | — | $517.5M | $45.0M | $22.6M |
| Other Revenue | — | $684.5M | $177.2M | — | $484.6M | $136.3M | $48.1M |
| Cost of Revenue | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — |
| Operating Expenses | |||||||
| Research & Development | $1.67B | $1.47B | $1.32B | $2.33B | $1.29B | $271.7M | $185.0M |
| SG&A Expense | $1.62B | $1.30B | $1.07B | $1.60B | $909.4M | $279.9M | $231.9M |
| Operating Income | $1.44B | $2.31B | $-161.7M | $-2.71B | $3.08B | $409.0M | $-45.8M |
| Operating Margin | 20.0% | 35.1% | -5.2% | -84.8% | 39.2% | 32.0% | -8.6% |
| Interest Expense | — | — | $82.8M | $88.9M | $29.2M | $0 | — |
| Pretax Income | $1.52B | $2.94B | $-76.8M | $-3.06B | $3.03B | $409.2M | $-45.4M |
| Income Tax Expense | $261.7M | $363.6M | $-171.7M | $-439.6M | $-597.2M | $86.9M | $-15.0M |
| Net Income | $1.26B | $2.58B | $94.9M | $-2.62B | $3.62B | $322.3M | $-30.4M |
| Net Margin | 17.6% | 39.3% | 3.1% | -82.2% | 46.2% | 25.2% | -5.7% |
| EPS (Basic) | $4.85 | $10.42 | $0.40 | $-11.81 | $17.47 | $0.79 | $-0.25 |
| EPS (Diluted) | $4.45 | $9.48 | $0.37 | $-11.83 | $14.50 | $0.70 | $-0.25 |
| Shares Outstanding (Basic) | 260.1M | 247.4M | 235.8M | 222.3M | 177.3M | 137.3M | 122.6M |
| Shares Outstanding (Diluted) | 287.2M | 273.4M | 254.4M | 222.3M | 220.0M | 182.4M | 122.6M |
| Dividends Per Share | — | — | — | — | — | — | — |