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Coinbase Global, Inc.

COIN · NASDAQ · Financial Services · Updated 10/23/2026

Revenue

$7.2B

Fiscal 2025

Net income

$1.3B

Fiscal 2025

Free cash flow

$2.4B

Fiscal 2025

Net cash / (debt)

$3.5B

Fiscal 2025

Five-year financials

Fiscal year20252024202320222021
Revenue$7.2B$6.6B$3.1B$3.2B$7.8B
Net income$1.3B$2.6B$94.9M(2.6B)$3.6B
Diluted EPS$4.45$9.48$0.37$-11.83$14.50
Operating cash flow$2.4B$2.6B$923.0M(1.6B)$4.0B
Free cash flow$2.4B$2.6B$923.0M(1.6B)$4.0B
Cash$11.3B$8.5B$5.1B$4.4B$7.1B
Total debt$7.8B$4.6B$3.0B$3.5B$3.5B

Where the cash went

Cumulative, fiscal 2021–2025, straight from the reported cash-flow statements.

Reinvested in capex

1.0%

of operating cash flow

Returned to owners

9.6%

of free cash flow (buybacks + dividends)

Diluted share count

+30.6%

change 2021–2025

Capital expenditure $85.8MBuybacks $790.2MAcquisitions (net) $1.0BBar width = share of $8.4B operating cash flow
Operating cash flow$8.4B
Capital expenditure($85.8M)
Free cash flow$8.3B
Share buybacks($790.2M)
Dividends paid$0
Acquisitions (net)($1.0B)
Net debt issued / (repaid)$7.3B
Stock-based compensation (non-cash)$4.9B

"—" means a year didn't report that line, so no total is shown rather than an estimate.

SEC filings

  • 10-K · period 2025-12-312026-02-12EDGAR

Ask anything about Coinbase Global, Inc.'s filings

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