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Coinbase Global, Inc. COIN Consumer, net — Revenue

Other product segments

Stablecoin revenue
$305.44M+11.5%
Institutional, net
$135.73M+37.3%
Other subscription and services revenue
$109.43M-22.3%
Blockchain rewards
$100.85M-48.7%
Other transaction revenue
$53.2M-21.6%

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CASHConsumer — Revenue
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COURConsumer — Revenue
$129.5M+10.1%

Other financials

Income statement

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Revenue$1.4B-30.5%
Operating income-$21.4M-103%
Net income-$394.1M-701%
EPS (diluted)-$1.49-721%

Balance sheet

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Cash & equivalents$10.2B-23.3%
Total debt$6.5B+50.5%
Total equity$13.5B+28.8%
Total assets$28.8B+32.8%

Cash flow

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Operating cash flow$182.7M-78.6%
CapEx$154.0K+2,467%
Free cash flow$313.8M+179%

Valuation

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Market cap$37.55B-52.2%
Enterprise value$33.85B-51.3%
P/E24.5×-1.1×
P/S5.7×-5.6×

Profitability

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Operating margin10.8%-21.6pp
Net margin41.9%+12.2pp
FCF margin6.6%

Returns & leverage

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Return on equity26%+4.7pp
Debt / equity0.5×+0.1×
Current ratio2.1×-0.4×

Where this comes from

Reported directly by Coinbase Global, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Coinbase Global, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Coinbase Global, Inc.'s consumer, net — revenue?
Coinbase Global, Inc. (COIN) reported consumer, net — revenue of $566.9M in Q1 2026.
How has Coinbase Global, Inc.'s consumer, net — revenue changed year-over-year?
Coinbase Global, Inc.'s consumer, net — revenue decreased by 48.3% year-over-year, from $1.1B to $566.9M.
What is the long-term trend for Coinbase Global, Inc.'s consumer, net — revenue?
Over 4 years (2021 to 2025), Coinbase Global, Inc.'s consumer, net — revenue has grown at a -15.4% compound annual growth rate (CAGR), from $6.49B to $3.32B.
What does consumer, net — revenue mean?
This metric represents the net revenue generated specifically from retail individual users utilizing the platform's exchange and custodial services. It captures transaction fees, spread-based income, and other service-related charges derived from the consumer segment, excluding institutional or enterprise-level activity. This figure is a primary indicator of the company's retail market penetration and the overall engagement of individual cryptocurrency investors.