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Coinbase Global, Inc. COIN Q1 2025 earnings

Reported May 8, 2025 · After market close

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

Next report

Oct 29, 2026 (In 2 weeks)
Revenue estimate$1.2B
EPS estimate-$0.26

Financials

Q1 2025

Income statement

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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

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Operating cash flow$852.7M+107%

Valuation & ratios

Valuation

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

Profitability

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

Returns & leverage

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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

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U.S.$1.7B—

FAQ

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 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 eps grew 17.6% from $1.65.
Where can I find Coinbase Global, Inc.'s Q1 2025 SEC filings?
You can read the 8-K earnings release (0001679788-25-000088) and the 10-Q periodic report (0001679788-25-000089) directly on SEC EDGAR. The filing index links above go to sec.gov.