← Coinbase Global, Inc.
| Annual Trend | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $1.1b | $7.1b | $4.4b | $5.1b | $8.5b | $11.3b | |
| Restricted cash and cash equivalents | — | — | — | $23.0m | $38.5m | $334.3m | |
| Loan receivables | — | — | — | $193.4m | $475.4m | $1.4b | |
| Accounts receivable, net | — | — | — | $168.3m | $265.3m | $307.1m | |
| Other current assets | — | — | — | $212.5m | $277.5m | $187.2m | |
| Total current assets | $5.1b | $18.4b | $86.4b | $203.5b | $18.1b | $20.4b | |
| Goodwill | $77.2m | $625.8m | $1.1b | $1.1b | $1.1b | $4.2b | |
| Intangible assets, net | $60.8m | $176.7m | $135.4m | $86.4m | $46.8m | $1.4b | |
| Customer custodial funds | $3.8b | $10.5b | $5.0b | $4.6b | $6.2b | $5.3b | |
| Crypto assets held for operations | — | — | — | $74.1m | $82.8m | $120.8m | |
| Crypto assets held as collateral | — | — | — | $354.0m | $767.5m | $822.8m | |
| Crypto assets borrowed | — | — | — | $45.2m | $261.1m | $318.8m | |
| Marketable investments | — | — | — | — | $0 | $309.8m | |
| Crypto assets held for investment | — | — | — | $330.6m | $1.6b | $2.0b | |
| Strategic investments | — | — | — | — | $374.2m | $623.0m | |
| Deferred tax assets | — | — | $1.0b | $1.3b | $941.3m | $570.8m | |
| Software and equipment, net | — | — | — | $192.6m | $200.1m | $264.6m | |
| Other non-current assets | $117.2m | $952.3m | $1.4b | $362.9m | $548.5m | $259.4m | |
| Customer custodial fund liabilities | — | — | $4.8b | $4.6b | $6.2b | $5.3b | |
| Short-term borrowings | — | — | — | — | $374.3m | $452.1m | |
| Obligation to return collateral | — | — | — | $355.1m | $792.1m | $826.9m | |
| Accrued expenses and other current liabilities | $88.8m | $439.6m | $331.2m | $447.1m | $626.8m | $687.7m | |
| Other non-current liabilities | $0 | $14.8m | $19.5m | $3.4m | $89.7m | $240.5m | |
| Total shareholders’ equity | $963.6m | $6.4b | $5.5b | $6.3b | $10.3b | $14.8b | |
| Total assets | $5.9b | $21.3b | $89.7b | $207.0b | $22.5b | $29.7b | |
| Accounts payable | $12.0m | $39.8m | $56.0m | $39.3m | $63.3m | $117.6m | |
| Current portion of long-term debt | — | — | — | — | $0 | $1.3b | |
| Total current liabilities | $4.2b | $11.4b | $80.8b | $197.7b | $7.9b | $8.7b | |
| Long-term debt | $0 | $3.4b | $3.4b | $3.0b | $4.2b | $5.9b | |
| Total liabilities | $4.3b | $14.9b | $84.3b | $200.7b | $12.3b | $14.9b | |
| Preferred stock, $0.00001 par value; 500,000 shares authorized and zero shares issued and outstanding at each of December 31, 2025 and December 31, 2024 | 562.5m | 0 | 0 | 0 | 0 | 0 | |
| Class A and B common stock, $0.00001 par value; 10,500,000 (Class A 10,000,000, Class B 500,000) shares authorized at December 31, 2025 and December 31, 2024; 267,836 (Class A 226,797, Class B 41,039) shares issued and outstanding at December 31, 2025 and 253,640 (Class A 209,762, Class B 43,878) shares issued and outstanding at December 31, 2024 | 0 | 2k | 2k | 2k | 2k | 3k | |
| Additional paid-in capital | $231.0m | $2.0b | $3.8b | $4.5b | $5.4b | $8.6b | |
| Accumulated other comprehensive income (loss) | $6.3m | ($3.4m) | ($38.6m) | ($30.3m) | ($50.1m) | $5.0m | |
| Retained earnings | $726.3m | $4.4b | $1.7b | $1.8b | $5.0b | $6.2b | |
| Total liabilities and shareholders’ equity | $5.9b | $21.3b | $89.7b | $207.0b | $22.5b | $29.7b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.