Coinbase Global, Inc.

COIN 10-Q · Q2 2025

COIN Q2 2025 request

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Income Statement

Income Statement
Metric Q2 2025 Q2 2024 YoY
Revenue 1,497,208 1,449,628 +3.3%
Show Product Lines breakouts
Net revenue 1,420,096 1,379,942 +2.9%
Other revenue 77,112 69,686 +10.7%
Show Geography breakouts
Non Us 205,592 217,012 -5.3%
US 1,291,616 1,232,616 +4.8%
Show Related Party Transactions By Related Party breakouts
Related Party 1.6 6.7 -76.1%
Information Technology And Data Processing 245,261 191,477 +28.1%
Research & Development 387,322 364,258 +6.3%
Sales & Marketing 236,245 165,262 +43.0%
General & Administrative 353,707 320,115 +10.5%
Crypto Asset Realized And Unrealized Gain Loss Operating -8,702 31,016 -128.1%
Other Operating Income Expense Net 308,025 34,383 +795.9%
Operating Expenses 1,521,858 1,106,511 +37.5%
Operating Income -24,650 343,117 -107.2%
Interest Expense 20,535 20,507 +0.1%
Crypto Asset Realized And Unrealized Gain Loss Nonoperating -362,053 319,020 -213.5%
Other Non-Operating Income (Expense) -1,506,905 63,827 -2460.9%
Income Before Taxes 1,823,773 -60,237 +3127.7%
Income Tax Expense (Benefit) 394,873 -96,387 +509.7%
Net Income 1,428,900 36,150 +3852.7%
Show Equity Components breakouts
Retained Earnings 1,428,900 36,150 +3852.7%
Net Income Loss Available To Common Stockholders Basic 1,428,900 36,127 +3855.2%
Net Income Loss Available To Common Stockholders Diluted 1,432,511 36,128 +3865.1%
EPS (Basic) 5.6 0.15 +3633.3%
EPS (Diluted) 5.14 0.14 +3571.4%
Wtd Avg Shares (Basic) 255,188 246,298 +3.6%
Wtd Avg Shares (Diluted) 278,913 266,831 +4.5%
Revenue (Q)
Show Product Lines breakouts
Bank Servicing 764,270 780,902 -2.1%
Blockchain rewards 144,535 185,139 -21.9%
Consumer, net 649,908 664,772 -2.2%
Institutional, net 60,819 63,624 -4.4%
Other subscription and services revenue 119,478 104,065 +14.8%
Other transaction revenue 53,543 52,506 +2.0%
Stablecoin revenue 332,497 240,436 +38.3%
Subscription And Circulation 655,826 599,040 +9.5%
Comprehensive Income 1,470,932 33,375 +4307.3%
Other Comprehensive Income 42,032 -2,775 +1614.7%
Show Equity Components breakouts
Accumulated Other Comprehensive Income 42,032 -2,775 +1614.7%
Interest And Other Income (Q)
Show Product Lines breakouts
Corporate interest and other income 77,112 69,686 +10.7%
Interest Income Operating 59,316 69,400 -14.5%

Balance Sheet

Balance Sheet
Metric Q2 2025 Q2 2024 YoY
Current Assets
Cash & Cash Equivalents 7,539,388 7,225,535 +4.3%
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Fair Value Measurements Recurring 5,980,319
Show Cash And Cash Equivalents breakouts
Cash Held at Venues 1.6
Deposits Held at Banks 1.6
Restricted Cash And Cash Equivalents At Carrying Value 69,190 34,282 +101.8%
Crypto Currency Current 2,153,824 1,056,648 +103.8%
Client Custodial Funds Current 5,121,640
Show Related Party Transactions By Related Party breakouts
Related Party 5.1
Crypto Asset Fair Value Operations 125,974
Show Crypto Asset breakouts
Bitcoin 55,136
Crypto Asset Other 33,369
Ethereum 27,813
Solana 9,656
Financing Receivable Excluding Accrued Interest Before Allowance For Credit Loss Current 803,366 440,351 +82.4%
Crypto Asset Fair Value Held As Collateral 951,272
Show Crypto Asset breakouts
Bitcoin · Crypto Assets 859,940
Ethereum · Crypto Assets 91,332
Crypto Asset Fair Value Borrowed 223,620
Show Fair Value Hierarchy breakouts
Fair Value Inputs Level1 · Fair Value Measurements Recurring 223,620
Show Crypto Asset breakouts
Bitcoin 117,906
Crypto Asset Other 25,275
Ethereum 80,439
Accounts Receivable 222,996 236,444 -5.7%
Other Assets Current 279,230
Total Current Assets 17,490,500 282,886,632 -93.8%
Non-Current Assets
Crypto Asset Fair Value Noncurrent 1,838,887 1,234,158 +49.0%
Deferred Tax Assets 541,354 1,010,154 -46.4%
Goodwill 1,153,621
Other Non-Current Assets 517,833
Total Assets 23,476,038 286,959,173 -91.8%
Show Crypto Asset breakouts
USDC · Asset Pledged As Collateral Without Right 294,761
Property, Plant & Equipment 241,776
Operating Lease Right-of-Use Assets 135,969
Other Assets
Equity Securities Fv Ni And Without Readily Determinable Fair Value 1,933,843
Current Liabilities
Custodial Cash Liabilities Current 5,121,640
Show Related Party Transactions By Related Party breakouts
Related Party 5.1
Current Portion of Long-Term Debt 1,266,577
Crypto Asset Fair Value Borrowings 268,550 237,474 +13.1%
Show Crypto Asset breakouts
Bitcoin 143,790 187,452 -23.3%
Crypto Asset Other 37,317 18,140 +105.7%
Ethereum 87,443 24,801 +252.6%
Obligation To Return Collateral 972,661 272,171 +257.4%
Show Fair Value By Asset Class breakouts
Fiat 21,389 251,052 -91.5%
Accrued Liabilities 601,354
Total Current Liabilities 8,230,782 274,353,719 -97.0%
Accounts Payable 68,518
Non-Current Liabilities
Long-Term Debt 2,973,545 4,228,019 -29.7%
Other Non-Current Liabilities 176,822
Total Liabilities 11,381,149 278,588,404 -95.9%
Long-Term Debt 4,240,122 4,228,019 +0.3%
Show Debt Instrument breakouts
2030 Convertible Notes · Convertible Debt 1,247,494 1,243,866 +0.3%
Convertible Senior Notes due 2026 [Member] · Convertible Debt 1,266,577 1,260,610 +0.5%
Senior Notes Due 2028 [Member] · Senior Notes 994,289 992,603 +0.2%
Senior Notes Due 2031 [Member] · Senior Notes 731,762 730,940 +0.1%
Operating Lease Liabilities 169,393
Stockholders' Equity
Common Stock (Q)
Show Statement Class Of Stock breakouts
Common Class A 2 2 0.0%
Additional Paid In Capital Common Stock 5,639,538 4,816,808 +17.1%
Accumulated Other Comprehensive Income -60 -40,271 +99.9%
Retained Earnings 6,455,409 3,594,230 +79.6%
Total Stockholders' Equity 12,094,889 8,370,769 +44.5%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -60 -40,271 +99.9%
Additional Paid In Capital 5,639,538 4,816,808 +17.1%
Common Stock 2 2 0.0%
Retained Earnings 6,455,409 3,594,230 +79.6%
Total Liabilities & Equity 23,476,038 286,959,173 -91.8%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q2 2025 YTD Q2 2024 YoY
Operating Activities
Depreciation & Amortization 67,234 63,828 +5.3%
Stock-Based Compensation 386,889 442,438 -12.6%
Deferred Income Taxes And Tax Credits 399,971 83,961 +376.4%
Equity Securities Fv Ni Gain Loss -1,475,448 14,663 -10162.4%
Other Operating Activities Cash Flow Statement 48,582 32,782 +48.2%
Increase Decrease In Operating Capital -1,036,250 -567,634 -82.6%
Net Cash from Operations 145,747 895,682 -83.7%
Investing Activities
Payments To Issue Loans -955,488 -808,334 -18.2%
Proceeds From Collection Of Loans 588,004 646,700 -9.1%
Payments To Acquire Indefinite Lived Intangible Crypto Assets -458,728
Proceeds From Disposal Of Indefinite Lived Crypto Assets 62,443 52,425 +19.1%
Other Investing Activities -153,040 -35,083 -336.2%
Net Cash from Investing -916,809 -144,292 -535.4%
Financing Activities
Increase Decrease In Deposits -1,140,867 -357,657 -219.0%
Proceeds From Assets Received As Collateral 370,553 493,499 -24.9%
Payments For Collateral Assets Returned -373,804 -243,510 -53.5%
Tax Withholding for Share Compensation -201,381 -117,225 -71.8%
Proceeds From Payments For Other Financing Activities 60,560 76,966 -21.3%
Net Cash from Financing -1,284,939 993,988 -229.3%
Supplemental
Income Taxes Paid 131,310 81,552 +61.0%
Interest Paid 35,005 33,424 +4.7%
Other Cash Flow
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect -2,056,001 1,745,378 -217.8%
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 79,845 -25,923 +408.0%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 12,634,286 11,274,884 +12.1%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

This table is rendered from the same JSON returned by /api/financials.

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