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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9. Software and Equipment, Net
- SOFTWARE AND EQUIPMENT, NET
Software and equipment, net consisted of the following (in thousands):
| December 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Capitalized internally developed software | $454,324 | $361,760 |
| Other(1) | 81,758 | 22,938 |
| Total software and equipment, gross | 536,082 | 384,698 |
| Accumulated depreciation and amortization | (271,509) | (184,618) |
| Total software and equipment, net | $264,573 | $200,080 |
(1)Includes leasehold improvements, construction in progress, furniture and fixtures, and computers and equipment.
Total additions to capitalized internally developed software were $138.3 million, $110.5 million, and $112.0 million for the years ended December 31, 2025, 2024, and 2023, respectively.
Depreciation and amortization expense associated with software and equipment was $121.3 million, $100.5 million, and $70.0 million for the years ended December 31, 2025, 2024, and 2023, respectively, comprising primarily amortization of capitalized internally developed software. There were no material impairment charges associated with these assets during these years.
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