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Coinbase balance sheet

At the end of fiscal 2025, Coinbase had total assets of $29.67bn, total liabilities of $14.88bn and shareholders' equity of $14.79bn. It held $11.29bn in cash against $7.66bn of debt: net cash of $3.63bn.

Balance sheet

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash and equivalents0.51.17.14.45.59.311.38.6
Receivables—0.20.30.20.20.30.30.3
Total current assets—5.118.486.411.418.120.417.6
Goodwill0.10.10.61.11.11.14.24.1
Total assets—5.921.389.714.822.529.727.4
Accounts payable—0.00.00.10.00.10.10.1
Total current liabilities—4.211.480.85.57.98.77.3
Short-term debt——0.00.00.00.01.30.0
Long-term debt—0.03.43.43.04.25.95.9
Total debt0.00.03.43.43.04.67.76.7
Total liabilities—4.314.984.38.512.314.913.4
Shareholders' equity0.51.06.45.56.310.314.813.9
Non-controlling interests and other (assets − liabilities − equity)—0.6——————
Net debt (negative = net cash)−0.5−1.1−3.7−1.0−2.5−4.7−3.6−1.9
Shares outstanding—————254m268m265m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Coinbase's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Coinbase.