CoinbaseCOINEarnings & Financial Report
Coinbase Global, Inc. is an American cryptocurrency exchange. It was founded in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase has over 100 million users, and is the largest U.S. based cryptocurrency exchange as well as the world's biggest bitcoin custodian, as of 2024. The company operates in more than 100 countries and holds nearly US$516 billion in assets, including nearly 12 percent of all bitcoin in existence and 11 percent of all staked Ether.
Revenue
$808.3M
Gross Profit
N/A
Operating Profit
$-1.0B
Net Profit
$-1.1B
Gross Margin
N/A
Operating Margin
-129.2%
Net Margin
-135.3%
YoY Growth
-63.7%
EPS
$-4.98
Financial Flow
Coinbase Q2 2022 Financial Summary
Coinbase reported revenue of $808.3M for Q2 2022, with a net profit of $-1.1B (-135.3% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $808.3M |
|---|---|
| Net Profit | $-1.1B |
| Gross Margin | N/A |
| Operating Margin | -129.2% |
| Report Period | Q2 2022 |
Coinbase Annual Revenue by Year
Coinbase annual revenue history includes year-by-year totals (for example, 2025 revenue was $7.2B).
| Year | Annual Revenue |
|---|---|
| 2025 | $7.2B |
| 2024 | $6.6B |
| 2023 | $3.1B |
| 2022 | $3.2B |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.64B | $1.45B | $1.21B | $2.27B | $2.03B | $1.50B | $1.87B | $1.78B |
| YoY Growth | 112.0% | 104.8% | 78.8% | 138.2% | 24.2% | 3.3% | 55.1% | -21.6% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $348.04B | $286.96B | $290.56B | $22.54B | $21.73B | $23.48B | $31.35B | $29.67B |
| Liabilities | $339.97B | $278.59B | $281.83B | $12.27B | $11.26B | $11.38B | $15.33B | $14.88B |
| Equity | $8.07B | $8.37B | $8.73B | $10.28B | $10.47B | $12.09B | $16.02B | $14.79B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $411.5M | $484.2M | $696.5M | $964.6M | $-182.7M | $328.5M | $-784.5M | $3.07B |
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