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Coinbase Global, Inc. COIN R&D

R&D at other companies

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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:ResearchAndDevelopmentExpense.

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 R&D?
Coinbase Global, Inc. (COIN) reported R&D of $525.65M in Q1 2026.
How has Coinbase Global, Inc.'s R&D changed year-over-year?
Coinbase Global, Inc.'s R&D increased by 47.9% year-over-year, from $355.37M to $525.65M.
What is the long-term trend for Coinbase Global, Inc.'s R&D?
Over 4 years (2021 to 2025), Coinbase Global, Inc.'s R&D has grown at a 6.6% compound annual growth rate (CAGR), from $1.29B to $1.67B.
What does R&D mean?
Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.