Coinbase Global Inc
For the period ended Dec 31, 2024. Filed Feb 13, 2025.
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FY2024 · Filed Feb 13, 2025
COIN$132.13-2.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(In thousands, except per share data)
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $8,543,903 | $5,139,351 |
| Restricted cash and cash equivalents | 38,519 | 22,992 |
| USDC | 1,241,808 | 576,028 |
| Customer custodial funds | 6,158,949 | 4,570,845 |
| Crypto assets held for operations | 82,781 | 74,103 |
| Loan receivables | 475,370 | 193,425 |
| Crypto assets held as collateral | 767,484 | 354,008 |
| Crypto assets borrowed | 261,052 | 45,212 |
| Accounts receivable, net | 265,251 | 168,290 |
| Other current assets | 277,536 | 212,540 |
| Total current assets | 18,112,653 | 11,356,794 |
| Crypto assets held for investment | 1,552,995 | 330,610 |
| Deferred tax assets | 941,298 | 1,272,233 |
| Software and equipment, net | 200,080 | 192,550 |
| Goodwill | 1,139,670 | 1,139,670 |
| Intangible assets, net | 46,804 | 86,422 |
| Other non-current assets | 548,451 | 375,622 |
| Total assets | $22,541,951 | $14,753,901 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Customer custodial fund liabilities | $6,158,949 | $4,570,845 |
| Accounts payable | 63,316 | 39,294 |
| Crypto asset borrowings | 300,110 | 62,980 |
| Obligation to return collateral | 792,125 | 355,071 |
| Accrued expenses and other current liabilities | 626,820 | 456,889 |
| Total current liabilities | 7,941,320 | 5,485,079 |
| Long-term debt | 4,234,081 | 2,979,957 |
| Other non-current liabilities | 89,708 | 7,216 |
| Total liabilities | 12,265,109 | 8,472,252 |
| Commitments and contingencies (Note 21) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.00001 par value; 500,000 shares authorized and zero shares issued and outstanding at each of December 31, 2024 and December 31, 2023 | — | — |
| Class A common stock, $0.00001 par value; 10,000,000 shares authorized at December 31, 2024 and December 31, 2023; 209,762 and 195,192 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | 2 | 2 |
| Class B common stock, $0.00001 par value; 500,000 shares authorized at December 31, 2024 and December 31, 2023; 43,878 and 46,856 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively | — | — |
| Additional paid-in capital | 5,365,990 | 4,491,571 |
| Accumulated other comprehensive loss | (50,051) | (30,270) |
| Retained earnings | 4,960,901 | 1,820,346 |
| Total stockholders’ equity | 10,276,842 | 6,281,649 |
| Total liabilities and stockholders’ equity | $22,541,951 | $14,753,901 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.