Balance Sheet Coinbase Global, Inc.

Equities

COIN

US19260Q1076

Blockchain & Cryptocurrency

Market Closed - Nasdaq Other stock markets 06:00:00 06/06/26 am AEST			5-day change	1st Jan Change
152.40 ^USD	-7.15%		-19.38%	-32.61%

06/06	Wall Street ends sharply lower as jobs data fuels rate hike fears	RE
06/06	Wall Street ends sharply lower as chips slide, jobs data fuels rate hike fears	RE

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Published financial data: COINBASE GLOBAL, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	7.35B	3.15B	2.93B	6.29B	6.88B
Other Revenues, Total	483M	625K	16K	-	-
Total Revenues	7.84B	3.15B	2.93B	6.29B	6.88B
Cost of Goods Sold, Total	1.27B	630M	421M	898M	1.02B
Gross Profit	6.57B	2.52B	2.51B	5.4B	5.86B
Selling General & Admin Expenses, Total	1.57B	2.11B	1.37B	1.95B	2.68B
R&D Expenses	1.29B	2.33B	1.32B	1.47B	1.67B
Other Operating Expenses	510M	770M	24.96M	-63.79M	31.65M
Other Operating Expenses, Total	3.37B	5.2B	2.72B	3.36B	4.38B
Operating Income	3.2B	-2.68B	-214M	2.04B	1.48B
Interest Expense, Total	-29.2M	-88.9M	-82.77M	-80.64M	-85.41M
Interest And Investment Income	2.14M	44.77M	182M	271M	298M
Net Interest Expenses	-27.06M	-44.13M	99.06M	190M	212M
Currency Exchange Gains (Loss)	-41.5M	-103M	-10.61M	-2.48M	-
Other Non Operating Income (Expenses)	-6.92M	-70.96M	21.37M	728M	-508M
EBT, Excl. Unusual Items	3.13B	-2.9B	-104M	2.95B	1.19B
Restructuring Charges	-	-40.7M	-143M	-	-
Merger & Related Restructuring Charges	-8M	-4.1M	-2.6M	-	-
Gain (Loss) On Sale Of Investments	27.07M	-100M	74.55M	-9.69M	681M
Asset Writedown	-120M	-26.52M	-18.79M	-	-
Other Unusual Items	924K	8.31M	117M	-	-345M
EBT, Incl. Unusual Items	3.03B	-3.06B	-76.84M	2.94B	1.52B
Income Tax Expense	-597M	-440M	-172M	364M	262M
Earnings From Continuing Operations	3.62B	-2.62B	94.87M	2.58B	1.26B
Net Income to Company	3.62B	-2.62B	94.87M	2.58B	1.26B
Net Income - (IS)	3.62B	-2.62B	94.87M	2.58B	1.26B
Preferred Dividend and Other Adjustments	527M	-	119K	1.31M	-
Net Income to Common Incl Extra Items	3.1B	-2.62B	94.75M	2.58B	1.26B
Net Income to Common Excl. Extra Items	3.1B	-2.62B	94.75M	2.58B	1.26B
Per Share Items
Net EPS - Basic	17.47	-11.81	0.4	10.42	4.85
Basic EPS - Continuing Operations	17.47	-11.81	0.4	10.42	4.85
Basic Weighted Average Shares Outstanding	177M	222M	236M	247M	260M
Net EPS - Diluted	14.5	-11.83	0.37	9.48	4.45
Diluted EPS - Continuing Operations	14.5	-11.83	0.37	9.48	4.45
Diluted Weighted Average Shares Outstanding	220M	222M	254M	273M	287M
Normalized Basic EPS	11.02	-8.16	-0.28	7.46	2.85
Normalized Diluted EPS	8.88	-8.16	-0.26	6.75	2.58
Supplemental Items
EBITDA	3.27B	-2.53B	-74.54M	2.16B	1.67B
EBITA	3.25B	-2.58B	-145M	2.06B	1.55B
EBIT	3.2B	-2.68B	-214M	2.04B	1.48B
EBITDAR	3.29B	-2.5B	-29.8M	-	-
Total Revenues (As Reported)	7.84B	3.19B	3.11B	6.56B	7.18B
Effective Tax Rate - (Ratio)	-19.73	14.35	223.46	12.36	17.2
Current Domestic Taxes	-47.49M	5.64M	33M	180M	-27.22M
Current Foreign Taxes	8.64M	22.76M	11.62M	31.89M	50.65M
Total Current Taxes	-38.84M	28.4M	44.62M	212M	23.43M
Deferred Domestic Taxes	-533M	-488M	-218M	157M	250M
Deferred Foreign Taxes	-25.56M	19.73M	1.42M	-5.78M	-11.86M
Total Deferred Taxes	-558M	-468M	-216M	151M	238M
Normalized Net Income	1.95B	-1.81B	-65.22M	1.85B	742M
Interest on Long-Term Debt	29.16M	85.89M	82.69M	-	-
Supplemental Operating Expense Items
Marketing Expenses	-	-	-	247M	403M
Selling and Marketing Expenses	664M	510M	332M	654M	1.06B
General and Administrative Expenses	867M	1.56B	994M	1.3B	1.62B
Research And Development Expense From Footnotes	1.29B	2.33B	1.32B	1.47B	1.67B
Net Rental Expense, Total	27.75M	32.13M	44.73M	-	-
Imputed Operating Lease Interest Expense	3.02M	6.03M	8.84M	-	-
Imputed Operating Lease Depreciation	24.73M	26.1M	35.89M	-	-
Stock-Based Comp., R&D Exp. (Total)	572M	1.09B	476M	565M	498M
Stock-Based Comp., S&M Exp. (Total)	32.94M	76.15M	59M	69.46M	57.69M
Stock-Based Comp., G&A Exp. (Total)	216M	396M	245M	279M	284M
Stock-Based Comp., Other (Total)	-	-	84.04M	-	-
Total Stock-Based Compensation	821M	1.57B	865M	913M	839M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	7.12B	4.43B	5.14B	8.54B	11.29B
Short Term Investments	9.66M	-	-	-	310M
Total Cash And Short Term Investments	7.13B	4.43B	5.14B	8.54B	11.6B
Accounts Receivable, Total	104M	8.43M	58.93M	95.87M	174M
Other Receivables	135M	272M	173M	175M	197M
Notes Receivable	218M	184M	193M	475M	1.35B
Total Receivables	457M	465M	425M	746M	1.73B
Prepaid Expenses	123M	98.2M	79.55M	88.5M	94.89M
Restricted Cash	30.95M	25.87M	22.99M	38.52M	334M
Other Current Assets, Total	10.63B	81.43B	198B	8.7B	6.64B
Total Current Assets	18.37B	86.45B	203B	18.11B	20.39B
Gross Property Plant And Equipment	200M	326M	326M	466M	678M
Accumulated Depreciation	-42.25M	-85.02M	-121M	-185M	-272M
Net Property Plant And Equipment	158M	241M	205M	281M	406M
Long-term Investments	365M	327M	343M	374M	623M
Goodwill	626M	1.07B	1.14B	1.14B	4.17B
Other Intangibles, Total	177M	135M	86.42M	46.8M	1.4B
Deferred Tax Assets Long-Term	574M	1.05B	1.27B	941M	571M
Other Long-Term Assets, Total	1B	453M	470M	1.65B	2.12B
Total Assets	21.27B	89.72B	207B	22.54B	29.67B
Liabilities
Accounts Payable, Total	39.83M	56.04M	39.29M	63.32M	118M
Accrued Expenses, Total	342M	166M	313M	332M	425M
Short-term Borrowings	427M	172M	62.98M	300M	452M
Current Portion of Long-Term Debt	-	-	-	-	1.27B
Current Portion of Leases	32.37M	33.73M	10.9M	9.6M	26.53M
Current Income Taxes Payable	4.55M	5.53M	17.37M	90.91M	65.98M
Other Current Liabilities	10.57B	80.38B	197B	7.15B	6.34B
Total Current Liabilities	11.42B	80.82B	198B	7.94B	8.7B
Long-Term Debt	3.38B	3.39B	2.98B	4.23B	5.94B
Long-Term Leases	74.08M	42.04M	3.82M	85.79M	173M
Other Non Current Liabilities	14.83M	19.53M	3.4M	3.92M	67.72M
Total Liabilities	14.89B	84.27B	201B	12.27B	14.88B
Preferred Stock Convertible	-	-	-	-	-
Total Preferred Equity	-	-	-	-	-
Common Stock, Total	2K	2K	2K	2K	3K
Additional Paid In Capital	2.03B	3.77B	4.49B	5.37B	8.57B
Retained Earnings	4.35B	1.73B	1.82B	4.96B	6.22B
Comprehensive Income and Other	-3.4M	-38.61M	-30.27M	-50.05M	4.97M
Total Common Equity	6.38B	5.45B	6.28B	10.28B	14.79B
Total Equity	6.38B	5.45B	6.28B	10.28B	14.79B
Total Liabilities And Equity	21.27B	89.72B	207B	22.54B	29.67B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	219M	231M	242M	254M	264M
ECS Total Common Shares Outstanding	217M	231M	242M	254M	268M
Book Value / Share	29.39	23.63	25.95	40.52	55.23
Tangible Book Value	5.58B	4.25B	5.06B	9.09B	9.23B
Tangible Book Value Per Share	25.7	18.39	20.89	35.84	34.45
Total Debt	3.92B	3.64B	3.06B	4.63B	7.86B
Net Debt	-3.22B	-784M	-2.08B	-3.91B	-3.74B
Debt Equivalent Oper. Leases	222M	257M	358M	-	-
Equity Method Investments, Total	1.46M	-	-	-	-
Account Code - Inventory Valuation	3	3	3	3	3
Machinery, Total	10.85M	13.07M	2.68M	-	-
Full Time Employees	3.73K	4.51K	3.42K	3.77K	4.95K
Accumulated Allowance for Doubtful Accounts (Supple)	24.55M	-	22.56M	29.43M	3.16M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	3.62B	-2.62B	94.87M	2.58B	1.26B
Depreciation & Amortization - CF	18.35M	47.97M	70.04M	101M	121M
Amortization of Goodwill and Intangible Assets - (CF)	45.3M	106M	69.6M	27M	67.13M
Depreciation & Amortization, Total	63.65M	154M	140M	128M	188M
Amortization of Deferred Charges, Total - (CF)	5.03M	9.25M	-	-	-
(Gain) Loss From Sale Of Asset	1.42M	-58K	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-20.14M	105M	-20.75M	18.72M	-681M
Asset Writedown & Restructuring Costs	330M	26.52M	18.79M	-	-
Stock-Based Compensation (CF)	821M	1.57B	865M	913M	839M
Other Operating Activities, Total	-928M	211M	-501M	-603M	850M
Change In Accounts Receivable	-8.02M	-141M	80.38M	-101M	-1.98M
Change In Accounts Payable	27.33M	18.61M	954K	-	-
Change In Income Taxes	-62.14M	1.91M	8.55M	77.1M	-147M
Change in Other Net Operating Assets	6.88B	-911M	236M	-455M	118M
Cash from Operations	10.73B	-1.59B	923M	2.56B	2.43B
Capital Expenditure	-2.91M	-2.93M	-	-	-
Sale of Property, Plant, and Equipment	31K	83K	-	-	-
Cash Acquisitions	-70.91M	-186M	-30.73M	-	-742M
Sale (Purchase) of Intangible assets	-82.87M	-61.04M	-63.2M	-	-
Investment in Marketable and Equity Securities, Total	-321M	-61.5M	-11.82M	-	113M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-212M	120M	-72.99M	-212M	-789M
Other Investing Activities, Total	-435M	-472M	184M	-70.83M	-632M
Cash from Investing	-1.12B	-664M	5.39M	-282M	-2.05B
Short Term Debt Issued, Total	20M	191M	31.64M	-	626M
Long-Term Debt Issued, Total	3.38B	-	-	1.25B	2.96B
Total Debt Issued	3.4B	191M	31.64M	1.25B	3.58B
Short Term Debt Repaid, Total	-	-191M	-52.12M	-	-581M
Long-Term Debt Repaid, Total	-	-	-304M	-	-
Total Debt Repaid	-	-191M	-356M	-	-581M
Issuance of Common Stock	237M	72.34M	64.24M	126M	78.29M
Repurchase of Common Stock	-263M	-352M	-278M	-117M	-1.19B
Other Financing Activities, Total	-90.13M	-5.56B	-274M	1.57B	-1.15B
Cash from Financing	3.28B	-5.84B	-811M	2.83B	740M
Foreign Exchange Rate Adjustments	-64.88M	-163M	8.77M	-48.37M	92.85M
Net Change in Cash	12.82B	-8.25B	126M	5.06B	1.21B
Supplemental Items
Cash Interest Paid	3.79M	82.4M	76.14M	68.54M	-
Cash Income Tax Paid (Refund)	68.61M	35.89M	39.12M	140M	165M
Levered Free Cash Flow	2.63B	-1.18B	1.48B	1.12B	1.3B
Unlevered Free Cash Flow	2.64B	-1.13B	1.53B	1.17B	1.35B
Change In Net Working Capital	159M	1.11B	-727M	1.14B	603M
Net Debt Issued / Repaid	3.4B	-117K	-324M	1.25B	3B

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	14.75	-3.02	-0.09	6.82	3.55
Return on Total Capital	32.8	-17.28	-1.45	10.5	4.93
Return On Equity %	91.66	-44.35	1.62	31.15	10.05
Return on Common Equity	84.33	-44.35	1.61	31.14	10.05
Margin Analysis
Gross Profit Margin %	83.82	80	85.62	85.74	85.18
SG&A Margin	19.97	66.89	46.85	31.06	38.91
EBITDA Margin %	41.67	-80.32	-2.55	34.38	24.28
EBITA Margin %	41.44	-81.84	-4.94	32.79	22.52
EBIT Margin %	40.86	-85.21	-7.32	32.36	21.54
Income From Continuing Operations Margin %	46.24	-83.35	3.24	40.98	18.31
Net Income Margin %	46.24	-83.35	3.24	40.98	18.31
Net Avail. For Common Margin %	39.52	-83.35	3.24	40.96	18.31
Normalized Net Income Margin	24.94	-57.58	-2.23	29.32	10.78
Levered Free Cash Flow Margin	33.53	-37.48	50.65	17.81	18.86
Unlevered Free Cash Flow Margin	33.7	-36.01	52.42	18.61	19.64
Asset Turnover
Asset Turnover	0.58	0.06	0.02	0.34	0.26
Fixed Assets Turnover	50.94	15.79	13.11	25.87	20.03
Receivables Turnover (Average Receivables)	55.9	664.66	23.37	81.31	50.75
Short Term Liquidity
Current Ratio	1.61	1.07	1.03	2.28	2.34
Quick Ratio	0.65	0.06	0.03	1.11	1.38
Operating Cash Flow to Current Liabilities	0.94	-0.02	0	0.32	0.28
Days Sales Outstanding (Average Receivables)	6.53	0.55	15.62	4.5	7.19
Average Days Payable Outstanding	7.46	27.78	41.36	20.92	32.36
Long Term Solvency
Total Debt/Equity	61.39	66.76	48.68	45.05	53.12
Total Debt / Total Capital	38.04	40.03	32.74	31.06	34.69
LT Debt/Equity	54.2	62.98	47.5	42.03	41.3
Long-Term Debt / Total Capital	33.58	37.77	31.95	28.98	26.97
Total Liabilities / Total Assets	70	93.92	96.97	54.41	50.14
EBIT / Interest Expense	109.67	-30.19	-2.59	25.25	17.36
EBITDA / Interest Expense	112.8	-28.09	-0.36	27.23	19.57
(EBITDA - Capex) / Interest Expense	112.7	-28.13	-0.36	27.23	19.57
Total Debt / EBITDA	1.19	-1.46	-102.6	2.11	4.7
Net Debt / EBITDA	-0.98	0.31	69.85	-1.78	-2.24
Total Debt / (EBITDA - Capex)	1.19	-1.46	-102.6	2.11	4.7
Net Debt / (EBITDA - Capex)	-0.98	0.31	69.85	-1.78	-2.24
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	514.76	-59.81	-7.08	115.04	9.38
Gross Profit, 1 Yr. Growth %	476.59	-61.65	-0.54	115.32	8.67
EBITDA, 1 Yr. Growth %	631.07	-179.4	-95.76	-6.07K	-22.77
EBITA, 1 Yr. Growth %	650.94	-181.38	-91.99	-2.04K	-24.89
EBIT, 1 Yr. Growth %	670.2	-185.96	-88.8	-1.26K	-27.19
Earnings From Cont. Operations, 1 Yr. Growth %	1.02K	-172.43	-103.61	2.62K	-51.13
Net Income, 1 Yr. Growth %	1.02K	-172.43	-103.61	2.62K	-51.13
Normalized Net Income, 1 Yr. Growth %	642.59	-194.91	-96.34	-5.88K	-59.83
Diluted EPS Before Extra, 1 Yr. Growth %	937.81	-181.59	-103.15	2.44K	-53.08
Accounts Receivable, 1 Yr. Growth %	-34.89	710.18	-69.23	62.69	78.69
Net Property, Plant and Equip., 1 Yr. Growth %	5.01	53.04	-14.89	36.99	44.44
Total Assets, 1 Yr. Growth %	263.33	321.75	130.69	52.79	31.63
Tangible Book Value, 1 Yr. Growth %	575.82	-23.91	19.09	79.81	1.5
Common Equity, 1 Yr. Growth %	562.29	-14.53	15.16	63.6	43.95
Cash From Operations, 1 Yr. Growth %	257.18	-139.26	-158.21	177.03	-21.83
Capital Expenditures, 1 Yr. Growth %	-70.64	0.79	-	-	-
Levered Free Cash Flow, 1 Yr. Growth %	469.84	-146.16	-310.48	-23.28	-28.69
Unlevered Free Cash Flow, 1 Yr. Growth %	472.71	-144.12	-336.48	-22.57	-27.76
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	287.18	57.18	-38.89	41.37	53.36
Gross Profit, 2 Yr. CAGR %	286.07	48.71	-38.24	46.36	52.96
EBITDA, 2 Yr. CAGR %	991.06	140.21	-85.06	-8.08	422.26
EBITA, 2 Yr. CAGR %	868.63	146.52	-79.13	-11.07	243.59
EBIT, 2 Yr. CAGR %	750.09	156.65	-74.43	-13.39	171.66
Earnings From Cont. Operations, 2 Yr. CAGR %	992.09	185.38	-83.82	-0.88	264.48
Net Income, 2 Yr. CAGR %	992.09	185.38	-83.82	-0.88	264.48
Normalized Net Income, 2 Yr. CAGR %	873.06	164.87	-81.43	0.51	295.11
Diluted EPS Before Extra, 2 Yr. CAGR %	438.59	190.99	-83.98	-10.5	245.55
Accounts Receivable, 2 Yr. CAGR %	179.1	-77	652.38	-29.25	71.79
Net Property, Plant and Equip., 2 Yr. CAGR %	-3.85	26.77	14.13	7.98	40.67
Total Assets, 2 Yr. CAGR %	198.24	291.45	211.92	-49.88	41.81
Tangible Book Value, 2 Yr. CAGR %	287.14	126.77	-4.81	46.33	35.09
Common Equity, 2 Yr. CAGR %	258.3	137.92	-0.79	37.26	53.46
Cash From Operations, 2 Yr. CAGR %	1.05K	132.4	-52.19	26.99	89.82
Capital Expenditures, 2 Yr. CAGR %	-81.91	-45.61	-	-	-
Levered Free Cash Flow, 2 Yr. CAGR %	-	60.91	-25.23	-1.07	-5.22
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	57.72	-24.2	3.67	-4.98
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	81.95	31.92	-7.05	29.78
Gross Profit, 3 Yr. CAGR %	-	78.8	30.05	-6.35	32.53
EBITDA, 3 Yr. CAGR %	-	351.76	-44.6	-13.46	-13.26
EBITA, 3 Yr. CAGR %	-	320.71	-30.14	-14.67	-15.93
EBIT, 3 Yr. CAGR %	-	292.7	-19.29	-14.65	-18.26
Earnings From Cont. Operations, 3 Yr. CAGR %	-	342.06	-33.48	-10.72	-21.7
Net Income, 3 Yr. CAGR %	-	342.06	-33.48	-10.72	-21.7
Normalized Net Income, 3 Yr. CAGR %	-	344.56	-36.81	-0.82	-25.95
Diluted EPS Before Extra, 3 Yr. CAGR %	-	187.11	-35.65	-13.22	-27.84
Accounts Receivable, 3 Yr. CAGR %	-	-14.13	-28.23	351.59	-3.16
Net Property, Plant and Equip., 3 Yr. CAGR %	-	12.26	11	21.29	18.97
Total Assets, 3 Yr. CAGR %	-	234.76	228.19	1.95	-30.85
Tangible Book Value, 3 Yr. CAGR %	-	125.09	82.95	17.67	29.53
Common Equity, 3 Yr. CAGR %	-	122.22	86.81	17.21	39.45
Cash From Operations, 3 Yr. CAGR %	-	169.95	46.5	-14.13	15.24
Capital Expenditures, 3 Yr. CAGR %	-	-67.93	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	48.14	-24.95	4.27
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	49.84	-24.01	7.44
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	64.48	40.11
Gross Profit, 5 Yr. CAGR %	-	-	-	65.03	38.77
EBITDA, 5 Yr. CAGR %	-	-	-	139.54	30.69
EBITA, 5 Yr. CAGR %	-	-	-	126.5	29.59
EBIT, 5 Yr. CAGR %	-	-	-	115.01	29.48
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	143.08	31.35
Net Income, 5 Yr. CAGR %	-	-	-	143.08	31.35
Normalized Net Income, 5 Yr. CAGR %	-	-	-	145.62	23.47
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	80.12	26.05
Accounts Receivable, 5 Yr. CAGR %	-	-	-	48.4	1.76
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	-	10.53	22.03
Total Assets, 5 Yr. CAGR %	-	-	-	56.62	38.34
Tangible Book Value, 5 Yr. CAGR %	-	-	-	89.47	62.05
Common Equity, 5 Yr. CAGR %	-	-	-	83.27	72.68
Cash From Operations, 5 Yr. CAGR %	-	-	-	99.66	52.57
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	23.28
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-	24.28