Coinbase Global, Inc.
For the period ended Jun 30, 2025. Filed Jul 31, 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.
Jun 30, 2025 · Filed Jul 31, 2025
COIN$136.10+1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Balance Sheets
(In thousands, except per share data)
| June 30, | December 31, | |
|---|---|---|
| 2025 | 2024 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $7,539,388 | $8,543,903 |
| Restricted cash and cash equivalents | 69,190 | 38,519 |
| USDC | 2,153,824 | 1,241,808 |
| Customer custodial funds | 5,121,640 | 6,158,949 |
| Crypto assets held for operations | 125,974 | 82,781 |
| Loan receivables | 803,366 | 475,370 |
| Crypto assets held as collateral | 951,272 | 767,484 |
| Crypto assets borrowed | 223,620 | 261,052 |
| Accounts receivable, net | 222,996 | 265,251 |
| Other current assets | 279,230 | 277,536 |
| Total current assets | 17,490,500 | 18,112,653 |
| Crypto assets held for investment | 1,838,887 | 1,552,995 |
| Strategic investments | 1,933,843 | 374,161 |
| Deferred tax assets | 541,354 | 941,298 |
| Goodwill | 1,153,621 | 1,139,670 |
| Other non-current assets | 517,833 | 421,174 |
| Total assets | $23,476,038 | $22,541,951 |
| Liabilities and Stockholders’ Equity | ||
| Current liabilities: | ||
| Customer custodial fund liabilities | $5,121,640 | $6,158,949 |
| Current portion of long-term debt | 1,266,577 | — |
| Crypto asset borrowings | 268,550 | 300,110 |
| Obligation to return collateral | 972,661 | 792,125 |
| Accrued expenses and other current liabilities | 601,354 | 690,136 |
| Total current liabilities | 8,230,782 | 7,941,320 |
| Long-term debt | 2,973,545 | 4,234,081 |
| Other non-current liabilities | 176,822 | 89,708 |
| Total liabilities | 11,381,149 | 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 June 30, 2025 and December 31, 2024 | — | — |
| Class A common stock, $0.00001 par value; 10,000,000 shares authorized at June 30, 2025 and December 31, 2024; 213,840 and 209,762 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively | 2 | 2 |
| Class B common stock, $0.00001 par value; 500,000 shares authorized at June 30, 2025 and December 31, 2024; 42,593 and 43,878 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively | — | — |
| Additional paid-in capital | 5,639,538 | 5,365,990 |
| Accumulated other comprehensive loss | (60) | (50,051) |
| Retained earnings | 6,455,409 | 4,960,901 |
| Total stockholders’ equity | 12,094,889 | 10,276,842 |
| Total liabilities and stockholders’ equity | $23,476,038 | $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.