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Coinbase Global, Inc. COIN Q4 2025 Annual earnings

Reported February 12, 2026 · After market close

Revenue$1.8BMiss by $27.9MDiluted EPS-$2.49Miss by $3.48
Revenue estimate$1.8B
EPS estimate$0.99

Next report

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

Financials

Q4 2025

Income statement

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Revenue$1.8B-21.6%
Operating income$273.8M-73.5%

Balance sheet

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Cash & equivalents$11.3B-22.8%
Total debt$6.6B+40.1%
Total equity$14.8B+43.9%
Total assets$29.7B+31.6%

Cash flow

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Operating cash flow$3.1B+103%

Valuation & ratios

Valuation

as of 12/31/25
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Market cap$60.98B-1.9%
Enterprise value$56.28B+7.7%
P/S8.5×-1.0×

Profitability

See full
Operating margin20%-15.2pp

Returns & leverage

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Debt / equity0.4×0.0×
Current ratio2.3×+0.1×

Segments

By product

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Consumer, net$733.9M-45.5%
Stablecoin revenue$364.1M+61.2%
Institutional, net$185.0M+30.9%
Other subscription and services revenue$151.7M+12.7%
Blockchain rewards$151.6M-29.4%

Versus estimates

Revenue

Q1 2026$1.4BMiss by $72.5M
Q4 2025$1.8BMiss by $27.9M
Q3 2025$1.9BBeat by $98.0MQ2 2025$1.5BMiss by $90.1MQ1 2025$2.0BMiss by $36.9MQ4 2024$2.3BBeat by $430.4M

Diluted EPS

Q1 2026-$1.49Miss by $1.55
Q4 2025-$2.49Miss by $3.48
Q3 2025$1.44Beat by $0.24Q2 2025$0.12Miss by $1.13Q1 2025$1.94In lineQ4 2024$3.39Beat by $2.93

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Questions, answered.

When did Coinbase Global, Inc. report Q4 2025 earnings?
Coinbase Global, Inc. (COIN) reported Q4 2025 earnings on February 12, 2026 after market close.
What were Coinbase Global, Inc.'s Q4 2025 revenue and EPS?
Coinbase Global, Inc. reported revenue of $1.8B and diluted EPS of $-2.49 for Q4 2025.
Did Coinbase Global, Inc. beat estimates in Q4 2025?
Revenue missed the consensus estimate of $1.8B by $27.9M. EPS missed the consensus estimate of $0.99 by $3.48.
How did Coinbase Global, Inc.'s Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 21.6% from $2.3B a year earlier.
Where can I find Coinbase Global, Inc.'s Q4 2025 SEC filings?
You can read the 8-K earnings release (0001679788-26-000011) and the 10-K periodic report (0001679788-26-000015) directly on SEC EDGAR. The filing index links above go to sec.gov.