Below are the financial statements of Coinbase Global, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| Net revenue | 6,293.25a | 2,926.54a | 3,148.82a |
| Other revenue | 270.78a | 181.84a | 45.39a |
| Total revenue | 6,564.03a | 3,108.38a | 3,194.21a |
| Operating expenses | — | — | — |
| Transaction expense | -897.71a | -420.71a | -629.88a |
| Technology and development | -1,468.25a | -1,324.54a | -2,326.35a |
| Sales and marketing | -654.44a | -332.31a | -510.09a |
| General and administrative | -1,300.26a | -1,074.31a | -1,600.59a |
| Gains on crypto assets held for operations, net | -71.73a | 0a | 0a |
| Crypto asset impairment, net | 0a | -34.68a | -722.21a |
| Restructuring | 0a | -142.59a | -40.7a |
| Other operating expense, net | -7.93a | -10.26a | -74.59a |
| Total operating expenses | -4,256.87a | -3,270.05a | -5,904.42a |
| Operating income (loss) | 2,307.16a | -161.66a | -2,710.21a |
| Interest expense | -80.65a | -82.77a | -88.9a |
| Gains on crypto assets held for investment, net | -687.06a | 0a | 0a |
| Other (income) expense, net | -29.07a | -167.58a | 265.47a |
| Income (loss) before income taxes | 2,942.64a | -76.85a | -3,064.58a |
| Provision for (benefit from) income taxes | -363.58a | -171.72a | -439.63a |
| Net income (loss) | 2,579.07a | 94.87a | -2,624.95a |
| Net income (loss) attributable to common stockholders | — | — | — |
| Basic | 2,577.76a | 94.75a | -2,624.95a |
| Diluted | 2,591.25a | 94.75a | -2,631.18a |
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