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$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 Statements of Cash Flows
| Six Months Ended June 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities | ||
| Net income | $1,494,508 | $1,212,395 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 67,234 | 63,828 |
| Stock-based compensation expense | 386,889 | 442,438 |
| Deferred income taxes | 399,971 | 83,961 |
| Losses (gains) on crypto assets held for operations, net | 25,663 | (55,342) |
| Losses (gains) on crypto assets held for investment, net | 234,598 | (331,409) |
| (Gains) losses on strategic investments, net | (1,475,448) | 14,663 |
| Other operating activities, net | 48,582 | 32,782 |
| Net changes in operating assets and liabilities | (1,036,250) | (567,634) |
| Net cash provided by operating activities | 145,747 | 895,682 |
| Cash flows from investing activities | ||
| Fiat loans originated | (955,488) | (808,334) |
| Proceeds from repayment of fiat loans | 588,004 | 646,700 |
| Purchases of crypto assets held for investment | (458,728) | — |
| Dispositions of crypto assets held for investment | 62,443 | 52,425 |
| Other investing activities, net | (153,040) | (35,083) |
| Net cash used in investing activities | (916,809) | (144,292) |
| Cash flows from financing activities | ||
| Customer custodial fund liabilities | (1,140,867) | (357,657) |
| Fiat received as collateral | 370,553 | 493,499 |
| Fiat received as collateral returned | (373,804) | (243,510) |
| Taxes paid related to net share settlement of equity awards | (201,381) | (117,225) |
| Issuance of convertible senior notes, net | — | 1,246,025 |
| Purchases of capped calls | — | (104,110) |
| Other financing activities, net | 60,560 | 76,966 |
| Net cash (used in) provided by financing activities | (1,284,939) | 993,988 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash and cash equivalents | (2,056,001) | 1,745,378 |
| Effect of exchange rates on cash, cash equivalents, and restricted cash and cash equivalents | 79,845 | (25,923) |
| Cash, cash equivalents, and restricted cash and cash equivalents, beginning of period | 14,610,442 | 9,555,429 |
| Cash, cash equivalents, and restricted cash and cash equivalents, end of period | $12,634,286 | $11,274,884 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.