Income StatementBalance SheetCash FlowSegments
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Coinbase Global, Inc. Cash Flow Statement

Operating, investing, and financing cash movements

Coinbase Global, Inc. generated $2.8B in operating cash flow over the trailing twelve months. After $539.0K in capital expenditures, free cash flow was -$25.9M. Free cash flow increased 1.0% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$2.8BNet Cash From Investing (TTM)-$2.1BNet Cash From Financing (TTM)$4.0BCapital Expenditures (TTM)$5.0MDepreciation And Amortization Cf (TTM)$223.1M
Latest FilingQ1 2026
Report Date2026-05-07
Market Cap$54.7B
P/E Ratio35.69
ROE12.8%

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$0.0$16.7M———$22.1M
Proceeds from sale of other investments$1.3M$5.1M———$129.0M
Payment for Origination, Loans$1.8B$1.9B———$3.0B
Payments For Collateral Pledged On Borrowings$25.2M$4.0M$4.0M$4.0M$4.0M—
Payment for (Proceeds from) Other Investing Activity$0.0$64.3M$88.7M-$68.7M$26.3M$18.0M
Payments to Acquire Indefinite-Lived Intangible Crypto Assets$16.7M$148.1M$310.6M$221.2M$107.9M$83.0M
Payments to Acquire Other Investments$15.0M$27.2M———$217.5M
Proceeds from repayment of loans$413.5M$248.1M$339.9M$231.5M$10.8B$3.0B
Dispositions of crypto assets held for investment$39.3M$10.6M$51.8M$163.9M$40.2M$18.9M
Proceeds From Return Of Collateral Pledged On Borrowings$36.8M$4.0M$4.0M$4.0M$4.0M—
Net cash from investing activities-$49.4M-$231.7M-$685.2M-$735.6M-$397.2M-$239.1M

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Change in accounts receivable$25.1M$495.8K$495.8K$495.8K$495.8K—
Change in other liabilities-$708.8K-$12.4M———-$130.9M
Other working capital changes—$77.6M-$29.0M-$41.8M$55.4M$23.5M
Deferred income taxes$90.2M-$54.5M$454.5M$86.5M—-$77.2M
Depreciation and amortization$33.0M$33.3M$33.9M$50.1M$71.1M$68.0M
Net cash from operating activities$964.6M-$182.7M$328.5M-$784.5M$3.1B$182.7M
Net income$1.3B$65.6M$1.4B$432.6M—-$394.1M
Crypto Asset, Realized and Unrealized Gain (Loss), Operating$16.2M-$34.4M$8.7M$35.7M-$30.8M-$35.2M
Crypto Asset, Realized and Unrealized Gain (Loss), Nonoperating$476.2M-$596.7M$362.1M$423.9M-$718.2M-$482.4M
Gain (Loss) on Investments-$2.9M$3.3M———$46.8M
Customer custodial funds in transit$11.7M$14.3M$14.3M$14.3M$14.3M—
Increase (Decrease) in Other Operating Assets-$12.1M$78.7M———$25.3M
Stock-based compensation$222.0M$190.7M$196.2M$222.1M$230.5M$248.1M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net Change in Cash Excluding Exchange Rate Effect$3.1B-$1.3B-$747.8M$1.7B$1.5B-$921.2M
Effect of exchange rate changes on cash-$68.0M$1.7M$78.2M$10.0M$3.0M-$38.2M
Customer crypto assets received as collateral—$779.9M———$1.4B
Customer crypto asset collateral returned—$797.7M———$986.6M
Additions of crypto asset investments—$166.3M———$0.0
Crypto assets borrowed—$465.3M———$1.2B
Crypto assets borrowed repaid—$440.8M———$1.3B
Crypto asset loan receivables originated—$730.9M———$1.1B
Crypto asset loan receivables repaid—$766.2M———$1.0B

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Increase (Decrease) in Deposits$2.2B-$818.5M-$322.4M$540.5M-$335.8M$149.8M
Payments for Collateral Assets Returned$133.8M$225.2M$148.6M$140.7M$377.5M$1.3M
Customer collateral received$42.1M$231.9M$138.7M$128.9M$372.0M$7.5M
Other, net$3.2M$18.3M$42.2M$26.9M—$18.7M
Proceeds from issuance of commercial paper and other short-term borrowings$0.0$194.9M———$243.5M
Repayments of Short-Term Debt$0.0$208.0M———$101.9M
Net cash from financing activities$2.1B-$893.8M-$391.1M$3.2B—-$864.9M
Repurchases of common stock$0.0$0.0———$1.1B
Taxes paid for net share settlement$0.0$100.3M$101.1M$107.4M$94.0M$118.9M

Supplemental

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income Taxes Paid, Net—$36.1M———$14.4M