Coinbase Global Inc
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 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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Condensed Consolidated Balance Sheets
(In thousands, except per share data)
(unaudited)
| March 31, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $6,711,400 | $5,139,351 |
| Restricted cash | 33,499 | 22,992 |
| Customer custodial funds | 5,201,906 | 4,570,845 |
| Safeguarding customer crypto assets | 329,506,477 | 192,583,060 |
| USDC | 860,669 | 576,028 |
| Loan receivables | 529,143 | 193,425 |
| Crypto assets held as collateral | 106,610 | — |
| Crypto assets borrowed | 231,348 | 45,212 |
| Accounts receivable, net | 280,357 | 168,290 |
| Other current assets | 379,537 | 286,643 |
| Total current assets | 343,840,946 | 203,585,846 |
| Crypto assets held for investment | 1,522,328 | 330,610 |
| Deferred tax assets | 879,671 | 1,272,233 |
| Goodwill | 1,139,670 | 1,139,670 |
| Other non-current assets | 653,862 | 654,594 |
| Total assets | $348,036,477 | $206,982,953 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Customer custodial cash liabilities | $5,201,906 | $4,570,845 |
| Safeguarding customer crypto liabilities | 329,506,477 | 192,583,060 |
| Crypto asset borrowings | 272,805 | 62,980 |
| Obligation to return collateral | 315,090 | 1,063 |
| Accrued expenses and other current liabilities | 438,321 | 496,183 |
| Total current liabilities | 335,734,599 | 197,714,131 |
| Long-term debt | 4,225,014 | 2,979,957 |
| Other non-current liabilities | 5,870 | 7,216 |
| Total liabilities | 339,965,483 | 200,701,304 |
| Commitments and contingencies (Note 19) | ||
| Preferred stock, $0.00001 par value; 500,000 shares authorized and zero shares issued and outstanding at each of March 31, 2024 and December 31, 2023 | — | — |
| Stockholders’ equity: | ||
| Class A common stock, $0.00001 par value; 10,000,000 shares authorized at March 31, 2024 and December 31, 2023; 199,449 and 195,192 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | 2 | 2 |
| Class B common stock, $0.00001 par value; 500,000 shares authorized at March 31, 2024 and December 31, 2023; 45,922 and 46,856 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively | — | — |
| Additional paid-in capital | 4,550,408 | 4,491,571 |
| Accumulated other comprehensive loss | (37,496) | (30,270) |
| Retained earnings | 3,558,080 | 1,820,346 |
| Total stockholders’ equity | 8,070,994 | 6,281,649 |
| Total liabilities and stockholders’ equity | $348,036,477 | $206,982,953 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.