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Coinbase Global, Inc. COIN Q1 2025 earnings

Reported May 8, 2025 · After market close

Revenue$2.0BMiss by $36.9MDiluted EPS$1.94In line
Revenue estimate$2.1B
EPS estimate$1.94

Next report

Jul 30, 2026 (In 2 weeks)
Revenue estimate$1.3B
EPS estimate-$0.02

Financials

Q1 2025

Income statement

See full
Revenue$2.0B+24.2%
Operating income$705.8M-7.2%
Net income$65.6M-94.4%
EPS (diluted)$0.24-94.5%

Balance sheet

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Cash & equivalents$13.3B+13.2%
Total debt$4.3B+2.1%
Total equity$10.5B+29.7%
Total assets$21.7B-93.8%

Cash flow

See full
Operating cash flow$852.7M+107%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$43.73B-32.1%
Enterprise value$34.74B-38.9%
P/E29.8×-17.9×
P/S6.3×-9.9×

Profitability

See full
Operating margin32.4%—
Net margin21.1%-12.9pp

Returns & leverage

See full
Return on equity15.8%-3.8pp
Debt / equity0.4×-0.1×
Current ratio2.5×+1.5×

Segments

By product

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Consumer, net$1.1B+17.1%
Stablecoin revenue$274.0M+38.9%
Blockchain rewards$196.6M+30.3%
Other subscription and services revenue$140.9M+46.7%
Institutional, net$98.9M+15.8%

By geography

See full
U.S.$1.7B—

Versus estimates

Revenue

Q1 2026$1.4BMiss by $72.5MQ4 2025$1.8BMiss by $27.9MQ3 2025$1.9BBeat by $98.0MQ2 2025$1.5BMiss by $90.1M
Q1 2025$2.0BMiss by $36.9M
Q4 2024$2.3BBeat by $430.4M

Diluted EPS

Q1 2026-$1.49Miss by $1.55Q4 2025-$2.49Miss by $3.48Q3 2025$1.44Beat by $0.24Q2 2025$0.12Miss by $1.13
Q1 2025$1.94In line
Q4 2024$3.39Beat by $2.93

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Questions, answered.

When did Coinbase Global, Inc. report Q1 2025 earnings?
Coinbase Global, Inc. (COIN) reported Q1 2025 earnings on May 8, 2025 after market close.
What were Coinbase Global, Inc.'s Q1 2025 revenue and EPS?
Coinbase Global, Inc. reported revenue of $2.0B and diluted EPS of $1.94 for Q1 2025.
Did Coinbase Global, Inc. beat estimates in Q1 2025?
Revenue missed the consensus estimate of $2.1B by $36.9M. EPS beat the consensus estimate of $1.94 by $0.00.
How did Coinbase Global, Inc.'s Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 40.3% from $1.4B a year earlier and diluted EPS grew 17.6% from $1.65.
Where can I find Coinbase Global, Inc.'s Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001679788-25-000089) directly on SEC EDGAR. The filing index links above go to sec.gov.