Income Statement Balance Sheet Cash Flow Segments

Coinbase Global, Inc. Income Statement

Revenue, expenses, and profitability over time

Coinbase Global, Inc. generated $6.6B in trailing twelve-month revenue, down 0.1% year-over-year. Net income was $1.5B with a 23.37% net margin. Diluted EPS is $5.39, which declined 0.4% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$6.6B Operating Income (TTM)$708.2M Net Income (TTM)$3.2B Eps Diluted (TTM)$11.60

Latest FilingQ1 2026

Report Date2026-05-07

Market Cap$42.3B

P/E Ratio27.57

ROE12.8%

Earnings Per Share

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Basic earnings per share	$5.19	$0.26	$5.60	$1.65	—	$-1.49
Diluted earnings per share	$4.72	$0.24	$5.14	$1.50	—	$-1.49
Weighted-average shares, basic	247.4M	253.9M	255.2M	262.8M	260.1M	264.8M
Weighted-average shares, diluted	273.4M	271.3M	278.9M	292M	287.2M	264.8M

Operating Expenses

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
General and administrative	$362.5M	$394.3M	$353.7M	$418.4M	$453.1M	$376.1M
Crypto Asset, Realized and Unrealized Gain (Loss), Operating	$16.2M	-$34.4M	$8.7M	$35.7M	-$30.8M	-$35.2M
Other operating expenses	$1.2B	$1.3B	$1.5B	$1.4B	$1.5B	$1.4B
Research and development	$368.7M	$355.4M	$387.3M	$430.6M	$497.3M	$525.6M
Selling and marketing	$225.8M	$247.3M	$236.2M	$260.3M	$314.8M	$266.7M
Total operating expenses	$1.2B	$1.3B	$1.5B	$1.4B	$1.5B	$1.4B

Income Before Tax

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Income before income taxes	$1.5B	$82.5M	$1.8B	$502.1M	—	-$464.7M

Tax

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Income tax expense	$205.7M	$16.8M	$394.9M	$69.6M	—	-$70.6M

Other Income & Expense

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Interest expense	$20.5M	$20.5M	$20.5M	$21.8M	$22.6M	$22.6M
Other income (expense), net	$7.2M	-$6.2M	$1.5B	-$380.5M	—	$61.6M

Net Income

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Net income	$1.3B	$65.6M	$1.4B	$432.6M	—	-$394.1M

Operating Income

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Operating income	$1B	$705.8M	-$24.7M	$480.5M	$273.8M	-$21.4M

Other

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Crypto Asset, Realized and Unrealized Gain (Loss), Nonoperating	$476.2M	-$596.7M	$362.1M	$423.9M	-$718.2M	-$482.4M
Data processing and equipment	$317M	$303M	$245.3M	$253.3M	$218.6M	$195.9M
Other income, net (Note 6)	$7.2M	-$6.2M	$1.5B	-$380.5M	—	$61.6M
Other income, net	—	$5.9M	-$308M	-$61.3M	$0	-$34.9M

Revenue

Metric	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26
Total revenue	$2.3B	$2B	$1.5B	$1.9B	$1.8B	$1.4B