Coinbase Global, Inc.

For the period ended Mar 31, 2026. Filed May 7, 2026.

About this filing

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.

Mar 31, 2026 · Filed May 7, 2026

COIN$132.13-2.9%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

	Three Months Ended March 31,
	2026	2025
Revenue:
Net revenue	$1,339,348	$1,936,821
Other revenue	73,634	97,474
Total revenue	1,412,982	2,034,295
Operating expenses:
Transaction expense	195,859	303,026
Technology and development	525,648	355,368
Sales and marketing	266,726	247,283
General and administrative	376,094	394,346
Losses on crypto assets held for operations, net	35,151	34,365
Other operating expense (income), net	34,925	(5,899)
Total operating expenses	1,434,403	1,328,489
Operating (loss) income	(21,421)	705,806
Interest expense	22,569	20,511
Losses on crypto assets held for investment, net	482,356	596,651
Other (income) expense, net	(61,641)	6,188
(Loss) income before income taxes	(464,705)	82,456
(Benefit from) provision for income taxes	(70,588)	16,848
Net (loss) income	$(394,117)	$65,608
Net (loss) income attributable to common shareholders:
Basic	$(394,117)	$65,608
Diluted	$(394,117)	$65,608
Net (loss) income per share:
Basic	$(1.49)	$0.26
Diluted	$(1.49)	$0.24
Weighted-average shares of common stock used to compute net (loss) income per share:
Basic	264,775	253,878
Diluted	264,775	271,251

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.