Coinbase Global Inc

For the period ended Mar 31, 2025. Filed May 8, 2025.

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, 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.

See the whole filing, with its images and exhibits

Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended March 31,
	2025	2024
Revenue:
Net revenue	$1,960,319	$1,587,677
Other revenue	73,976	49,893
Total revenue	2,034,295	1,637,570
Operating expenses:
Transaction expense	303,026	217,407
Technology and development	355,368	357,863
Sales and marketing	247,283	98,585
General and administrative	394,346	287,236
Losses (gains) on crypto assets held for operations, net	34,365	(86,358)
Other operating (income) expense, net	(5,899)	2,376
Total operating expenses	1,328,489	877,109
Operating income	705,806	760,461
Interest expense	20,511	19,071
Losses (gains) on crypto assets held for investment, net	596,651	(650,429)
Other expense (income), net	6,188	(45,605)
Income before income taxes	82,456	1,437,424
Provision for income taxes	16,848	261,179
Net income	$65,608	$1,176,245
Net income attributable to common stockholders:
Basic	$65,608	$1,175,479
Diluted	$65,608	$1,178,079
Net income per share:
Basic	$0.26	$4.84
Diluted	$0.24	$4.40
Weighted-average shares of common stock used to compute net income per share:
Basic	253,878	242,793
Diluted	271,251	267,945

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.