COINBASE GLOBAL, INC.
Fiscal years labelled by the calendar year in which they end. Bars in $ billions; per-share figures as reported.
CAPITALIZATION 12/31/25
| ($ millions) | Amount | % |
|---|---|---|
| Total debt | 7,659 | 34.1 |
| Stockholders' equity | 14,793 | 65.9 |
| Total capitalization | 22,452 | 100.0 |
LONG-TERM DEBT 12/31/25
| ($ millions) | Amount |
|---|---|
| Long-term debt, incl. current maturities | 7,207 |
| Long-term debt, noncurrent | 5,937 |
| Current maturities | 1,270 |
| Short-term borrowings / commercial paper | 452 |
CAPITAL STOCK 12/31/25
| Common shares authorized | 10,500,000,000 |
| Common shares issued | 267,836,000 |
DIVIDENDS DECLARED/PAID
| Fiscal year | Per share $ | Payout % |
|---|---|---|
| 2025 | – | – |
| 2024 | – | – |
| 2023 | – | – |
| 2022 | – | – |
| 2021 | – | – |
HISTORY AND BUSINESS
HISTORY: Incorporated in Texas.
BUSINESS: Classified by the SEC under Standard Industrial Classification 6199, Finance Services. Large accelerated filer. Principal executive office: One Madison Avenue, Suite 2400, New York, NY 10010. Fiscal year ends December 31. For a description of the business, see Item 1 of the latest 10-K.
CONSOLIDATED INCOME ACCOUNT, YEARS ENDED
| ($ millions) | 12/31/25 | 12/31/24 | 12/31/23 |
|---|---|---|---|
| Total interest income | 247 | 266 | 187 |
| Total interest expense | – | – | 83 |
| Total net revenue | 7,181 | 6,564 | 3,108 |
| Income before income taxes | 1,522 | 2,943 | (77) |
| Income taxes | 262 | 364 | (172) |
| Net income | 1,260 | 2,579 | 95 |
| Earned per share, diluted ($) | 4.45 | 9.48 | 0.37 |
| Dividends per share ($) | – | – | – |
CONSOLIDATED STATEMENT OF CONDITION
| ($ millions) | 12/31/25 | 12/31/24 |
|---|---|---|
| Total assets | 29,672 | 22,542 |
| Short-term borrowings | 452 | 374 |
| Long-term debt | 7,207 | 4,234 |
| Total liabilities | 14,879 | 12,265 |
| Stockholders' equity | 14,793 | 10,277 |
TEN-YEAR STATISTICS: FISCAL YEARS ($ millions except per share)
| Fiscal year ended | Revenues | Oper. income | Net income | Net margin % | EPS diluted $ | Div. per share $ | Oper. cash flow | Total assets | Total liabilities | Total debt | Deposits | Stockholders' equity | ROE % | Debt / equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 12/31/25 | 7,181 | 1,435 | 1,260 | 17.6 | 4.45 | – | 2,426 | 29,672 | 14,879 | 7,659 | – | 14,793 | 8.5 | 0.52 |
| 12/31/24 | 6,564 | 2,307 | 2,579 | 39.3 | 9.48 | – | 3,104 | 22,542 | 12,265 | 4,608 | – | 10,277 | 25.1 | 0.45 |
| 12/31/23 | 3,108 | (162) | 95 | 3.1 | 0.37 | – | 673 | 14,754 | 8,472 | 2,980 | – | 6,282 | 1.5 | 0.47 |
| 12/31/22 | 3,194 | (2,710) | (2,625) | -82.2 | (11.83) | – | (1,585) | 89,725 | 84,270 | 3,414 | – | 5,455 | -48.1 | 0.63 |
| 12/31/21 | 7,839 | 3,077 | 3,624 | 46.2 | 14.50 | – | 4,038 | 21,274 | 14,893 | 3,405 | – | 6,382 | 56.8 | 0.53 |
| 12/31/20 | 1,277 | 409 | 322 | 25.2 | 1.40 | – | 294 | 5,855 | 4,329 | 0 | – | 964 | 33.4 | 0.00 |
| 12/31/19 | 534 | (46) | (30) | -5.7 | (0.50) | – | (81) | – | – | – | – | 497 | -6.1 | – |
Net margin = net income ÷ revenues; ROE = net income ÷ year-end stockholders’ equity; total debt = long-term debt including current maturities plus short-term borrowings/commercial paper, as tagged in XBRL; capital expenditure and free cash flow are not shown for banks and insurers, where they are not meaningful; d = derived as total assets − total equity where the filing does not tag total liabilities; – = not reported in XBRL for that year.
REGISTRANT:
Coinbase Global, Inc.
CIK 1679788 · EIN 46-4707224
PRINCIPAL OFFICE:
One Madison Avenue, Suite 2400, New York, NY 10010
Tel.: 3026365401
INCORPORATED:
Texas
INDUSTRY (SEC SIC CODE):
6199 · Finance Services
FILER STATUS:
Large accelerated filer
LATEST ANNUAL REPORT:
10-K for period ended 12/31/25, filed 12 February 2026
Sources: SEC XBRL company facts (all financial figures) · SEC submissions (registrant, address, SIC, filings) · annual reports: 10-K FY2025 (filed 2/12/26) · 10-K FY2024 (filed 2/13/25) · 10-K FY2023 (filed 2/15/24) · 10-K FY2022 (filed 2/21/23) · 10-K FY2021 (filed 2/25/22). Values are the latest figures filed for each fiscal year (restated where a later 10-K restated them). Ratios and free cash flow are Pathos calculations from those figures. Retrieved 31 October 2026.
Data from SEC filings. © 2026 Pathos Investments · pathosinvestments.com · For educational purposes only. Not investment advice.