Coinbase Global, Inc.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
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13. Other Consolidated Balance Sheets Details
- OTHER CONSOLIDATED BALANCE SHEETS DETAILS
The following table presents certain other details of the Consolidated Balance Sheets (in thousands):
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Other current assets | ||
| Prepaid expenses | $94,886 | $88,500 |
| Income taxes receivable | 63,726 | 5,530 |
| Other | 28,552 | 183,506 |
| Total other current assets | $187,164 | $277,536 |
| Other non-current assets | ||
| Lease right-of-use assets | $141,631 | $81,151 |
| Income taxes receivable | 62,233 | 60,004 |
| Other | 55,514 | 33,135 |
| Total other non-current assets | $259,378 | $174,290 |
| Accrued expenses and other current liabilities | ||
| Payroll and payroll related expenses | $186,927 | $186,151 |
| Other accrued expenses | 238,308 | 145,369 |
| Income taxes payable | 65,982 | 90,910 |
| Other payables | 196,459 | 130,232 |
| Total accrued expenses and other current liabilities | $687,676 | $552,662 |
| Other non-current liabilities | ||
| Lease liabilities | $172,735 | $85,789 |
| Other | 67,723 | 3,919 |
| Total other non-current liabilities | $240,458 | $89,708 |
The Company’s long-lived assets, the majority of which are located in the United States, were not considered by management to be significant relative to total assets at each of December 31, 2025, 2024, and 2023.
Leases
The Company has operating leases, primarily relating to corporate offices in San Francisco, CA and New York, NY. The leases have remaining lease terms ranging from less thanone year to 12 years, and generally have options to extend or terminate the lease that were not accounted for in determining the lease terms as the Company is not reasonably certain it will exercise those options.
Future payments of lease liabilities as of December 31, 2025 were as follows (in thousands):
| 2026 | $29,536 |
| 2027 | 22,315 |
| 2028 | 21,920 |
| 2029 | 20,726 |
| 2030 | 24,586 |
| Thereafter | 170,628 |
| Total lease payments | 289,711 |
| Less: imputed interest | (90,446) |
| Total lease liabilities | $199,265 |
As of December 31, 2025, the Company has entered into leases that have not yet commenced with future short-term and long-term lease payments of $3.0 million and $125.1 million, respectively. These leases are not yet recorded on the Consolidated Balance Sheets, and will commence between 2026 and 2027, with lease terms ranging from 5 to 10 years.
Other information related to recorded leases is as follows:
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Weighted-average remaining lease term (in years) | 9.8 | 9.8 |
| Weighted-average discount rate | 6.53% | 6.36% |
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