Coinbase Global Inc

For the period ended Mar 31, 2024. Filed May 2, 2024.

About this filing

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

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended March 31,
	2024	2023
Revenue:
Net revenue	$1,587,677	$736,398
Other revenue	49,893	36,131
Total revenue	1,637,570	772,529
Operating expenses:
Transaction expense	217,407	96,369
Technology and development	357,863	358,031
Sales and marketing	98,585	63,976
General and administrative	287,236	248,761
Gains on crypto assets held for operations, net	(86,358)	—
Crypto asset impairment, net	—	17,962
Restructuring	—	144,489
Other operating expense (income), net	2,376	(33,184)
Total operating expenses	877,109	896,404
Operating income (loss)	760,461	(123,875)
Interest expense	19,071	21,536
Gains on crypto assets held for investment, net	(650,429)	—
Other (income) expense, net	(45,605)	20,265
Income (loss) before income taxes	1,437,424	(165,676)
Provision for (benefit from) income taxes	261,179	(86,780)
Net income (loss)	$1,176,245	$(78,896)
Net income (loss) attributable to common stockholders:
Basic	$1,175,479	$(78,896)
Diluted	$1,178,079	$(78,896)
Net income (loss) per share attributable to common stockholders:
Basic	$4.84	$(0.34)
Diluted	$4.40	$(0.34)
Weighted-average shares of common stock used to compute net income (loss) per share attributable to common stockholders:
Basic	242,793	231,489
Diluted	267,945	231,489

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.