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Coinbase income statement

In fiscal 2025, Coinbase reported revenue of $7.18bn, up 9.4% on the year before, operating income of $1.44bn (a 20.0% margin) and net income of $1.26bn, or $4.45 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Fiscal year2019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue5341,2777,8393,1943,1086,5647,1815,630
Research and development1852721,2922,3261,3251,4681,6711,943
Selling and marketing24576645103326541,0591,064
General and administrative2322809091,6011,0741,3001,6201,505
Operating income−464093,077−2,710−1622,3071,435201
Interest expense—0298983818587
Income before tax−454093,027−3,065−772,9431,522−923
Income tax−1587−597−440−172364262−221
Net income−303223,624−2,625952,5791,260−702
Diluted EPS−$0.50$1.40$14.50−$11.83$0.37$9.48$4.45−$2.50
Diluted shares (average)61m91m220m222m254m273m287m281m
EBITDA−294403,140−2,556−222,4351,624465

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.