Coinbase Global Inc
For the period ended Dec 31, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
COIN$132.13-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Revenue: | |||
| Net revenue | $2,926,540 | $3,148,815 | $7,354,753 |
| Other revenue | 181,843 | 45,393 | 484,691 |
| Total revenue | 3,108,383 | 3,194,208 | 7,839,444 |
| Operating expenses: | |||
| Transaction expense | 420,705 | 629,880 | 1,267,924 |
| Technology and development | 1,324,541 | 2,326,354 | 1,291,561 |
| Sales and marketing | 332,312 | 510,089 | 663,689 |
| General and administrative | 1,041,308 | 1,600,586 | 909,392 |
| Crypto asset impairment, net | (34,675) | 722,211 | 153,160 |
| Restructuring | 142,594 | 40,703 | — |
| Other operating expense, net | 43,260 | 74,593 | 477,148 |
| Total operating expenses | 3,270,045 | 5,904,416 | 4,762,874 |
| Operating (loss) income | (161,662) | (2,710,208) | 3,076,570 |
| Interest expense | 82,766 | 88,901 | 29,160 |
| Other (income) expense, net | (167,583) | 265,473 | 20,463 |
| (Loss) income before income taxes | (76,845) | (3,064,582) | 3,026,947 |
| Benefit from income taxes | (171,716) | (439,633) | (597,173) |
| Net income (loss) | $94,871 | $(2,624,949) | $3,624,120 |
| Net income (loss) attributable to common stockholders: | |||
| Basic | $94,752 | $(2,624,949) | $3,096,958 |
| Diluted | $94,751 | $(2,631,179) | $3,190,404 |
| Net income (loss) per share attributable to common stockholders: | |||
| Basic | $0.40 | $(11.81) | $17.47 |
| Diluted | $0.37 | $(11.83) | $14.50 |
| Weighted-average shares of common stock used to compute net income (loss) per share attributable to common stockholders: | |||
| Basic | 235,796 | 222,314 | 177,319 |
| Diluted | 254,391 | 222,338 | 219,965 |
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