Financials · Financial Exchanges & Data
Coinbase: revenue, profit and cash flow
In fiscal 2025, Coinbase had revenue of $7.18B, up 41.2% a year on average since 2020, and net income of $1.26B (17.6% of revenue).
Revenue, fiscal 2025
average annual revenue growth since 2020 · +9.4% vs 2024
- Ticker
- COIN · Nasdaq
- Sector
- Financials
- Sub-industry
- Financial Exchanges & Data
- Headquarters
- New York City, New York
- Founded
- 2012
- In the S&P 500 since
- May 19, 2025
- Latest fiscal year
- 2025, ended December 31, 2025
- SEC filer
- Coinbase Global, Inc. · CIK 0001679788
Revenue and net income
Revenue went from $534M in 2019 to $7.18B in 2025. Net loss in 2019, 2022.
Diluted earnings per share
Diluted EPS went from $14.50 in 2021 to $4.45 in 2025.
Shares outstanding
From 220M in 2021 to 287M in 2025.
Operating cash flow, capex and free cash flow
Negative in 2019, 2022.
The chart data could not be loaded. The table below has the same figures.
Year by year
| Fiscal year | Revenue | Net income | Net margin | Diluted EPS | Shares | Operating cash flow | Capex | Free cash flow |
|---|---|---|---|---|---|---|---|---|
| 2025 | $7.18B | $1.26B | 17.6% | $4.45 | 287M | — | — | — |
| 2024 | $6.56B | $2.58B | 39.3% | $9.48 | 273M | — | — | — |
| 2023 | $3.11B | $94.9M | 3.1% | $0.37 | 254M | — | — | — |
| 2022 | $3.19B | −$2.62B | −82.2% | −$11.83 | 222M | −$1.59B | $2.93M | −$1.59B |
| 2021 | $7.84B | $3.62B | 46.2% | $14.50 | 220M | $4.04B | $2.91M | $4.04B |
| 2020 | $1.28B | $322M | 25.2% | — | — | $294M | $9.91M | $284M |
| 2019 | $534M | −$30.4M | −5.7% | — | — | −$80.6M | $33.5M | −$114M |
Fiscal years, labelled by the year in which they end. US dollars; per-share figures and share counts adjusted for splits. —: not in the data.
About these figures
- The share count goes from 91.2M in 2020 to 220M in 2021, far more than buybacks or new shares explain — usually an IPO, a reverse split or a reorganization that the data are not adjusted for. Per-share figures and share counts before 2021 are therefore left out.
- Capital expenditure: no figures after 2022 in the data.
- No dividends per share in the filings data. Usually that means no dividend, but some companies report theirs in a form the data do not capture.
- Older years are as filed at the time and may predate later restatements, mergers or spin-offs. How the figures are made.
Other Financial Exchanges & Data companies
Source: SEC EDGAR (company filings), data as of November 8, 2026. Sectors, sub-industries, headquarters and index dates: Wikipedia, CC BY-SA 4.0.