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.
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Consolidated Statements of Operations
(In thousands, except per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenue: | |||
| Net revenue | $6,293,246 | $2,926,540 | $3,148,815 |
| Other revenue | 270,782 | 181,843 | 45,393 |
| Total revenue | 6,564,028 | 3,108,383 | 3,194,208 |
| Operating expenses: | |||
| Transaction expense | 897,707 | 420,705 | 629,880 |
| Technology and development | 1,468,252 | 1,324,541 | 2,326,354 |
| Sales and marketing | 654,444 | 332,312 | 510,089 |
| General and administrative | 1,300,257 | 1,074,308 | 1,600,586 |
| Gains on crypto assets held for operations, net | (71,725) | — | — |
| Crypto asset impairment, net | — | (34,675) | 722,211 |
| Restructuring | — | 142,594 | 40,703 |
| Other operating expense, net | 7,933 | 10,260 | 74,593 |
| Total operating expenses | 4,256,868 | 3,270,045 | 5,904,416 |
| Operating income (loss) | 2,307,160 | (161,662) | (2,710,208) |
| Interest expense | 80,645 | 82,766 | 88,901 |
| Gains on crypto assets held for investment, net | (687,055) | — | — |
| Other (income) expense, net | (29,074) | (167,583) | 265,473 |
| Income (loss) before income taxes | 2,942,644 | (76,845) | (3,064,582) |
| Provision for (benefit from) income taxes | 363,578 | (171,716) | (439,633) |
| Net income (loss) | $2,579,066 | $94,871 | $(2,624,949) |
| Net income (loss) attributable to common stockholders: | |||
| Basic | $2,577,755 | $94,752 | $(2,624,949) |
| Diluted | $2,591,248 | $94,751 | $(2,631,179) |
| Net income (loss) per share: | |||
| Basic | $10.42 | $0.40 | $(11.81) |
| Diluted | $9.48 | $0.37 | $(11.83) |
| Weighted-average shares of common stock used to compute net income (loss) per share: | |||
| Basic | 247,374 | 235,796 | 222,314 |
| Diluted | 273,377 | 254,391 | 222,338 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.