Coinbase Global, Inc.
For the period ended Dec 31, 2025. Filed Feb 12, 2026.
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FY2025 · Filed Feb 12, 2026
COIN$136.10+1.0%Stored close · as of Nov 9, 2026
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7. Accounts Receivable, Net
- ACCOUNTS RECEIVABLE, NET
Accounts receivable, net consisted of the following (in thousands):
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Stablecoin revenue receivable | $122,936 | $85,983 |
| Customer accounts receivable | 54,143 | 40,776 |
| Other accounts receivable | 133,202 | 167,921 |
| Gross accounts receivable | 310,281 | 294,680 |
| Less: allowance for doubtful accounts | (3,162) | (29,429) |
| Total accounts receivable, net | $307,119 | $265,251 |
As of December 31, 2025 and 2024, the Company had two and one counterparties, respectively, each of whom accounted for more than 10% of the Company’s Accounts receivable, net.
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