Coinbase Global, Inc.

For the period ended Dec 31, 2025. Filed Feb 12, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 12, 2026

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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Contents

Item 8. Financial Statements and Supplementary Data

Index to Consolidated Financial Statements	Page
Reports of Independent Registered Public Accounting Firm (Deloitte - PCAOB ID 34)	112
Consolidated Balance Sheets	116
Consolidated Statements of Operations	117
Consolidated Statements of Comprehensive Income	118
Consolidated Statements of Changes in Shareholders’ Equity	119
Consolidated Statements of Cash Flows	120
Notes to Consolidated Financial Statements	121
1. Nature of Operations	121
2. Summary of Significant Accounting Policies	121
3. Acquisitions	135
4. Revenue	136
5. Collateralized Arrangements and Financing	137
6. Crypto Assets Held for Operations	139
7. Accounts Receivable, Net	140
8. Crypto Assets Held for Investment	140
9. Software and Equipment, Net	141
10. Goodwill and Intangible Assets, Net	141
11. Long-Term Debt	143
12. Derivatives	147
13. Other Consolidated Balance Sheets Details	149
14. Fair Value Measurements	150
15. Capital Stock	151
16. Stock-Based Compensation	152
17. Other Consolidated Statements of Operations Details	156
18. Income Taxes	157
19. Net Income Per Share	162
20. Restructuring	162
21. Commitments and Contingencies	163
22. Related Party Transactions	165
23. Supplemental Disclosures of Cash Flow Information	166
24. Subsequent Events	167

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.