Coinbase Global, Inc. (COIN) FY2025 Annual Balance Sheet

Coinbase Global, Inc. (COIN) FY2025 Annual Balance Sheet

Balance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.

Assets

29,671,832,000 US dollars

Current assets

20,388,445,000 US dollars

Non-current assets

9,283,387,000 US dollars

Liabilities

14,878,774,000 US dollars

Current liabilities

8,701,282,000 US dollars

Non-current liabilities

6,177,492,000 US dollars

Equity

14,793,058,000 US dollars

Preferred stock, $0.00001 par value; 500,000 shares authorized and zero shares issued and outstanding at each of December 31, 2025 and December 31, 2024

0 US dollars

Cash and cash equivalents

11,285,452,000 US dollars

Customer custodial funds

5,347,428,000 US dollars

Loan receivables

1,354,692,000 US dollars

Crypto assets held as collateral

822,827,000 US dollars

Restricted cash and cash equivalents

334,318,000 US dollars

Crypto assets borrowed

318,849,000 US dollars

Marketable investments

309,765,000 US dollars

Accounts receivable, net

307,119,000 US dollars

Other current assets

187,164,000 US dollars

Crypto assets held for operations

120,831,000 US dollars

Goodwill

4,168,967,000 US dollars

Crypto assets held for investment

1,998,871,000 US dollars

Intangible assets, net

1,397,794,000 US dollars

Strategic investments

622,985,000 US dollars

Deferred tax assets

570,819,000 US dollars

Software and equipment, net

264,573,000 US dollars

Other non-current assets

259,378,000 US dollars

Customer custodial fund liabilities

5,347,428,000 US dollars

Current portion of long-term debt

1,269,585,000 US dollars

Obligation to return collateral

826,883,000 US dollars

Accrued expenses and other current liabilities

687,676,000 US dollars

Short-term borrowings

452,105,000 US dollars

Accounts payable

117,605,000 US dollars

Long-term debt

5,937,034,000 US dollars

Other non-current liabilities

240,458,000 US dollars

Additional paid-in capital

8,566,854,000 US dollars

Retained earnings

6,221,228,000 US dollars

Accumulated other comprehensive income (loss)

4,973,000 US dollars

Class A and B common stock, $0.00001 par value; 10,500,000 (Class A 10,000,000, Class B 500,000) shares authorized at December 31, 2025 and December 31, 2024; 267,836 (Class A 226,797, Class B 41,039) shares issued and outstanding at December 31, 2025 and 253,640 (Class A 209,762, Class B 43,878) shares issued and outstanding at December 31, 2024

3,000 US dollars

Chart connections

• Assets equal liabilities plus temporary equity plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.