Coinbase Global, Inc. (COIN) FY2025 Annual P&L / Income Statement

Coinbase Global, Inc. (COIN) FY2025 Annual P&L / Income Statement

Income statement for 2025-01-01 through 2025-12-31. View: Product and service (6 categories). Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Revenue

7,181,325,000 US dollars

Total operating expenses

5,745,884,000 US dollars

Operating income (loss)

1,435,441,000 US dollars

Other income (expense), net (calculated)

86,624,000 US dollars

Income (loss) before income taxes

1,522,065,000 US dollars

Provision for (benefit from) income taxes

261,738,000 US dollars

Net income

1,260,327,000 US dollars

Consumer, net

3,322,835,000 US dollars

Institutional, net

479,667,000 US dollars

Other transaction revenue

252,888,000 US dollars

Stablecoin revenue

1,348,821,000 US dollars

Blockchain rewards

677,405,000 US dollars

Other subscription and services revenue

554,775,000 US dollars

Undisclosed (calculated)

544,934,000 US dollars

Total operating expenses

5,745,884,000 US dollars

Chart connections

• Revenue minus operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.