← Coinbase Global, Inc.
| Annual Trend | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|
| Net income | ($30.4m) | $322.3m | $3.6b | ($2.6b) | $94.9m | $2.6b | $1.3b | |
| Net Income From Continuing Operations | — | — | — | ($2.6b) | $94.9m | $2.6b | $1.3b | |
| Depreciation and amortization | $16.9m | $31.0m | $63.7m | $154.1m | $139.6m | $127.5m | $188.4m | |
| Depreciation Amortization Depletion | — | — | — | $154.1m | $139.6m | $127.5m | $188.4m | |
| Deferred income taxes | ($20.9m) | $474k | ($558.3m) | ($468.0m) | ($216.3m) | $151.3m | $238.3m | |
| Deferred Income Tax | — | — | — | ($468.0m) | ($216.3m) | $151.3m | $238.3m | |
| Deferred Tax | — | — | — | ($468.0m) | ($216.3m) | $151.3m | $238.3m | |
| Crypto asset impairment expense (pre ASU 2023-08) | — | $8.4m | $329.2m | $757.3m | $96.8m | — | — | |
| Asset Impairment Charge | — | — | — | $858.7m | $96.8m | $0 | $0 | |
| Gains on extinguishment of long-term debt, net | — | — | $0 | $0 | ($117.4m) | $0 | $0 | |
| Stock-based compensation expense | $31.1m | $70.5m | $820.7m | $1.6b | $780.7m | $912.8m | $839.4m | |
| Losses (gains) on crypto assets held for operations, net | — | — | — | $0 | $0 | ($71.7m) | $20.7m | |
| Losses (gains) on crypto assets held for investment, net | — | — | — | $0 | $0 | ($687.1m) | $528.9m | |
| (Gains) losses on investments, net | $245k | $150k | ($20.1m) | $3.1m | ($50.1m) | $11.6m | ($680.5m) | |
| Gains on crypto assets held, net (pre ASU 2023-08) | $5.7m | ($23.7m) | ($178.2m) | ($36.7m) | ($145.6m) | — | — | |
| Crypto assets received as revenue (pre ASU 2023-08) | ($11.4m) | ($94.2m) | ($1.0b) | ($470.6m) | ($460.9m) | — | — | |
| Crypto asset payments for expenses (pre ASU 2023-08) | $11.6m | $40.2m | $815.8m | $383.2m | $298.3m | — | — | |
| Other operating activities, net | — | — | $5.5m | $883k | $17.0m | $4.2m | $62.2m | |
| Accounts receivable, net | — | — | — | — | $84.0m | ($100.6m) | ($2.0m) | |
| Customer custodial funds in transit | — | — | — | — | ($115.4m) | $46.8m | $57.2m | |
| Income taxes, net | ($1.9m) | $86.8m | ($62.1m) | $1.9m | $8.5m | $77.1m | ($147.4m) | |
| Other current and non-current assets | ($38.6m) | ($48.7m) | ($20.1m) | $19.2m | $28.0m | $48.6m | ($47.2m) | |
| Other current and non-current liabilities | $17.7m | $6.4m | $302.4m | ($100.8m) | $43.4m | ($2.8m) | $108.1m | |
| Loans originated | $0 | $0 | ($336.2m) | ($207.3m) | ($586.7m) | ($7.4b) | ($12.5b) | |
| Proceeds from repayment of loans | $0 | $0 | $124.5m | $327.5m | $513.7m | $1.5b | $11.7b | |
| Assets pledged as collateral | — | $0 | $0 | ($41.6m) | ($27.9m) | ($100.9m) | ($16.0m) | |
| Return of assets pledged as collateral | — | — | — | — | $196.0m | $147.1m | $16.2m | |
| Dispositions of crypto assets held for investment | $272.7m | $574.1m | $2.6b | $969.2m | $461.3m | $91.9m | $266.5m | |
| Dispositions of investments | — | — | — | — | $3.5m | $5.0m | $490.3m | |
| Issuances of convertible senior notes, net | $0 | $0 | $1.4b | $0 | $0 | $1.2b | $3.0b | |
| Purchases of capped calls | — | — | — | $0 | $0 | ($104.1m) | ($224.2m) | |
| Customer custodial fund liabilities | — | $2.7b | $6.7b | ($5.6b) | ($274.8m) | $1.6b | ($936.2m) | |
| Customer collateral received | — | — | $0 | $0 | $66.0m | $567.8m | $871.4m | |
| Return of customer collateral | — | — | $0 | $0 | ($65.0m) | ($544.2m) | ($892.0m) | |
| Proceeds from short-term borrowings | — | $0 | $20.0m | $191.0m | $31.6m | $0 | $626.4m | |
| Repayments of short-term borrowings | — | $0 | $0 | ($191.1m) | ($52.1m) | $0 | ($580.7m) | |
| Beginning Cash Position | — | — | — | $17.7b | $10.3b | $9.9b | $15.7b | |
| Cash Flow From Continuing Financing Activities | — | — | — | ($5.8b) | ($838.2m) | $2.9b | $740.3m | |
| Cash Flow From Continuing Investing Activities | — | — | — | ($663.8m) | ($206.2m) | ($201.0m) | ($2.0b) | |
| Change In Account Payable | — | — | $27.3m | $18.6m | — | — | — | |
| Change In Other Current Assets | — | — | — | ($828.9m) | $28.0m | $48.6m | ($47.2m) | |
| Change In Other Current Liabilities | — | — | — | ($111.0m) | $43.4m | ($2.8m) | $108.1m | |
| Change In Other Working Capital | — | — | — | ($1.0b) | ($106.8m) | $123.9m | ($90.3m) | |
| Change In Payable | — | — | $27.3m | $18.6m | — | — | — | |
| Change In Payables And Accrued Expense | — | — | $27.3m | $18.6m | — | — | — | |
| Change In Prepaid Assets | — | — | ($36.5m) | $29.0m | — | — | — | |
| Change In Receivables | — | — | — | ($139.1m) | $84.0m | ($100.6m) | ($2.0m) | |
| Change In Working Capital | — | — | — | ($1.0b) | $48.7m | $69.1m | ($31.4m) | |
| Changes In Account Receivables | — | — | — | ($141.0m) | $84.0m | ($100.6m) | ($2.0m) | |
| Changes In Cash | — | — | — | ($8.1b) | ($371.0m) | $5.8b | $1.1b | |
| End Cash Position | — | — | — | $9.4b | $9.9b | $15.7b | $16.9b | |
| Financing Cash Flow | — | — | — | ($5.8b) | ($838.2m) | $2.9b | $740.3m | |
| Free Cash Flow | — | — | — | ($1.6b) | $673.4m | $3.1b | $2.4b | |
| Gain Loss On Investment Securities | — | — | — | $10.5m | ($24.4m) | ($747.2m) | ($131.0m) | |
| Gain Loss On Sale Of PPE | — | — | $1.4m | ($58k) | — | — | — | |
| Investing Cash Flow | — | — | — | ($663.8m) | ($206.2m) | ($201.0m) | ($2.0b) | |
| Net Business Purchase And Sale | — | — | — | ($186.2m) | ($30.7m) | $0 | ($742.0m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | ($14.9m) | $28.5m | $17.2m | — | — | |
| Net Intangibles Purchase And Sale | — | — | ($60.8m) | $0 | $0 | — | — | |
| Net PPE Purchase And Sale | — | — | ($2.9m) | ($2.9m) | — | — | — | |
| Operating Gains Losses | — | — | — | $38.9m | ($259.4m) | ($747.2m) | ($131.0m) | |
| Other Non Cash Items | — | — | — | ($2.9m) | ($11.5m) | $11.3m | $62.2m | |
| Proceeds From Stock Option Exercised | — | — | — | $76.0m | $64.2m | $142.6m | $111.4m | |
| Provisionand Write Offof Assets | — | — | $22.4m | ($13.1m) | $11.1m | — | — | |
| Purchase Of Business | — | — | — | — | ($30.7m) | $0 | ($742.0m) | |
| Purchase Of Intangibles | — | — | ($60.8m) | $0 | $0 | — | — | |
| Purchase Of PPE | — | — | ($2.9m) | ($2.9m) | — | — | — | |
| Repurchase Of Capital Stock | — | — | — | — | $0 | $0 | ($790.2m) | |
| Sale Of PPE | — | — | $31k | $83k | — | — | — | |
| Stock Based Compensation | — | — | — | $1.6b | $780.7m | $912.8m | $839.4m | |
| Unrealized Gain Loss On Investment Securities | — | — | ($178.2m) | ($36.7m) | ($145.6m) | $0 | — | |
| Net cash provided by operating activities | ($80.6m) | $3.0b | $10.7b | ($1.6b) | $923.0m | $2.6b | $2.4b | |
| Capital Expenditure | — | — | ($82.9m) | ($64.0m) | ($63.2m) | — | — | |
| Capital Expenditure Reported | — | — | ($22.1m) | ($61.0m) | ($63.2m) | — | — | |
| Business combinations, net of cash and cash equivalents acquired | ($5.7m) | $33.6m | ($70.9m) | ($186.2m) | ($30.7m) | $0 | ($742.0m) | |
| Purchases of crypto assets held for investment | ($271.3m) | ($528.1m) | ($3.0b) | ($1.4b) | ($277.4m) | ($35.2m) | ($787.8m) | |
| Purchase of investments | ($7.9m) | ($10.3m) | ($326.5m) | ($63.0m) | ($11.8m) | ($59.9m) | ($377.4m) | |
| Net Investment Purchase And Sale | — | — | — | ($430.8m) | $171.1m | $1.8m | ($408.4m) | |
| Purchase Of Investment | — | — | — | ($1.4b) | ($298.7m) | ($95.1m) | ($1.2b) | |
| Sale Of Investment | — | — | — | $969.2m | $469.8m | $96.9m | $756.8m | |
| Other investing activities, net | — | — | $2.3m | ($1.3m) | $3.1m | ($70.8m) | ($110.6m) | |
| Net Other Investing Changes | — | — | — | ($46.8m) | ($346.6m) | ($202.8m) | ($899.1m) | |
| Net cash used in investing activities | ($105.4m) | $50.8m | ($1.1b) | ($663.8m) | $5.4m | ($282.4m) | ($2.0b) | |
| Issuance Of Debt | — | — | — | $191.0m | $31.6m | $1.4b | $3.6b | |
| Long Term Debt Issuance | — | — | — | $0 | $0 | $1.2b | $3.0b | |
| Net Issuance Payments Of Debt | — | — | — | ($117k) | ($324.0m) | $1.3b | $3.0b | |
| Net Long Term Debt Issuance | — | — | — | $0 | ($303.5m) | $1.2b | $3.0b | |
| Net Short Term Debt Issuance | — | — | — | ($117k) | ($20.5m) | $74.2m | $45.8m | |
| Short Term Debt Issuance | — | — | — | $191.0m | $31.6m | $122.6m | $626.4m | |
| Repayment of long-term debt | — | — | $0 | $0 | ($303.5m) | $0 | $0 | |
| Long Term Debt Payments | — | — | — | $0 | ($303.5m) | $0 | $0 | |
| Repayment Of Debt | — | — | — | ($191.1m) | ($355.7m) | ($48.4m) | ($580.7m) | |
| Short Term Debt Payments | — | — | — | ($191.1m) | ($52.1m) | ($48.4m) | ($580.7m) | |
| Issuance of common stock upon exercise of stock options, net of repurchases | $4.4m | $20.7m | $217.1m | $51.5m | $47.9m | $126.1m | $78.3m | |
| Net Common Stock Issuance | — | — | — | — | $0 | $0 | ($790.2m) | |
| Repurchase of common stock | — | — | — | — | $0 | $0 | ($790.2m) | |
| Common Stock Payments | — | — | — | — | $0 | $0 | ($790.2m) | |
| Other financing activities, net | — | $0 | $0 | $3.7m | $0 | $16.4m | $33.1m | |
| Net Other Financing Charges | — | — | — | ($5.9b) | ($578.4m) | $1.4b | ($1.6b) | |
| Net cash provided by (used in) financing activities | ($16.6m) | $18.8m | $3.3b | ($5.8b) | ($811.3m) | $2.8b | $740.3m | |
| Effect of exchange rates on cash, cash equivalents, and restricted cash and cash equivalents | ($170k) | ($2.1m) | ($64.9m) | ($163.3m) | $8.8m | ($48.4m) | $92.8m | |
| Effect Of Exchange Rate Changes | — | — | — | ($163.3m) | $8.8m | ($48.4m) | $92.8m | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash and cash equivalents | ($202.6m) | $3.1b | $12.9b | ($8.1b) | $117.0m | $5.1b | $1.1b | |
| Cash, cash equivalents, and restricted cash and cash equivalents, beginning of period | $1.8b | $4.9b | $17.7b | $9.4b | $9.6b | $14.6b | $16.9b | |
| Change In Cash Supplemental As Reported | — | — | — | ($8.1b) | ($371.0m) | $5.8b | $1.1b | |
| Interest Paid Supplemental Data | — | — | $3.8m | $82.4m | $76.1m | $68.5m | — | |
| Taxes paid related to net share settlement of equity awards | $0 | $0 | ($262.8m) | ($351.9m) | ($277.8m) | ($117.2m) | ($402.8m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.