Coinbase Global Inc
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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, 2025 · Filed May 8, 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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Condensed Consolidated Balance Sheets
(In thousands, except per share data)
| March 31, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $8,051,169 | $8,543,903 |
| Restricted cash and cash equivalents | 55,672 | 38,519 |
| USDC | 2,225,054 | 1,241,808 |
| Customer custodial funds | 5,369,865 | 6,158,949 |
| Crypto assets held for operations | 67,485 | 82,781 |
| Loan receivables | 454,473 | 475,370 |
| Crypto assets held as collateral | 597,548 | 767,484 |
| Crypto assets borrowed | 235,433 | 261,052 |
| Accounts receivable, net | 245,112 | 265,251 |
| Other current assets | 151,977 | 277,536 |
| Total current assets | 17,453,788 | 18,112,653 |
| Crypto assets held for investment | 1,268,001 | 1,552,995 |
| Deferred tax assets | 995,529 | 941,298 |
| Goodwill | 1,153,621 | 1,139,670 |
| Other non-current assets | 860,067 | 795,335 |
| Total assets | $21,731,006 | $22,541,951 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Customer custodial fund liabilities | $5,369,865 | $6,158,949 |
| Crypto asset borrowings | 272,608 | 300,110 |
| Obligation to return collateral | 628,854 | 792,125 |
| Accrued expenses and other current liabilities | 662,042 | 690,136 |
| Total current liabilities | 6,933,369 | 7,941,320 |
| Long-term debt | 4,237,090 | 4,234,081 |
| Other non-current liabilities | 92,307 | 89,708 |
| Total liabilities | 11,262,766 | 12,265,109 |
| Commitments and contingencies (Note 16) | ||
| Stockholders’ equity: | ||
| Preferred stock, $0.00001 par value; 500,000 shares authorized and zero shares issued and outstanding at each of March 31, 2025 and December 31, 2024 | — | — |
| Class A common stock, $0.00001 par value; 10,000,000 shares authorized at March 31, 2025 and December 31, 2024; 210,960 and 209,762 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | 2 | 2 |
| Class B common stock, $0.00001 par value; 500,000 shares authorized at March 31, 2025 and December 31, 2024; 43,630 and 43,878 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively | — | — |
| Additional paid-in capital | 5,483,821 | 5,365,990 |
| Accumulated other comprehensive loss | (42,092) | (50,051) |
| Retained earnings | 5,026,509 | 4,960,901 |
| Total stockholders’ equity | 10,468,240 | 10,276,842 |
| Total liabilities and stockholders’ equity | $21,731,006 | $22,541,951 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.