Coinbase Global Inc.
Revenue
$2B
Net Income
$433M
Coinbase Global Inc.
Revenue
$2B
Net Income
$433M
Coinbase Global Inc.
CIK: 0001679788
Earnings Analysis
Analyzed 10 of 12 reports
Performance Summary - Q3 2025bullish (71)raised
Reality-Based Sentiment Analysisbullish71/100
Based on actual market data, not just management spin. Weighted score: 10% management tone + 40% earnings beat/miss + 30% price action + 20% guidance accuracy.
Financial Performance Trend
Overall Analysis & Outlook
Over the past 5 quarters, Coinbase Global Inc. has been showing mixed sentiment with multiple guidance raises. Revenue has grown 143.5% during this period. The latest quarter shows bullish sentiment with positive tone from management.
Latest Quarter Highlights:
Coinbase delivered strong Q3 2025 performance with revenues of $1.8B and net income of $432.6M, driven by transaction and subscription revenue. The company completed a strategic acquisition of Deribit and continues to expand its crypto platform capabilities.
Detailed Quarterly Reports
In-depth analysis of each quarter's earnings filing
Q3 2025
10-Q • Filed 10/30/2025
Summary
Coinbase delivered strong Q3 2025 performance with revenues of $1.8B and net income of $432.6M, driven by transaction and subscription revenue. The company completed a strategic acquisition of Deribit and continues to expand its crypto platform capabilities.
Revenue
$1.79B
Net Income
$432.552M
Guidance
Tone
Partnerships
Key Quotes
"We provide a trusted platform that serves as a compliant on-ramp to the onchain economy"
"We believe this strategic acquisition will play a key role in our goal to be the premier global platform for crypto derivatives"
Q2 2025
10-Q • Filed 7/31/2025
Summary
Coinbase delivered strong quarterly performance with robust revenue and net income, driven by crypto market recovery and strategic positioning. The company successfully navigated regulatory challenges and continues to expand its global crypto platform.
Revenue
$1.42B
Net Income
$1.43B
Guidance
Tone
Capex
$67.234M
Partnerships
Key Quotes
"We provide a trusted platform that serves as a compliant on-ramp to the onchain economy"
"Deribit acquisition will play a key role in our goal to be the premier global platform for crypto derivatives"
Q1 2025
10-Q • Filed 5/8/2025
Summary
Coinbase delivered $1.96B in Q1 2025 revenue with $65.6M net income, showing resilience amid regulatory challenges. The company continues to focus on expanding crypto derivatives and global presence, highlighted by the planned Deribit acquisition.
Revenue
$1.96B
Net Income
$65.608M
Guidance
Tone
Partnerships
Key Quotes
"We continued to make progress against our mission by launching advanced trading tools, scaling derivatives globally, and growing our institutional and consumer user base."
"We plan to dynamically adjust our expense base in order to be responsive to market conditions and revenue opportunities"
Q3 2024
10-Q • Filed 10/30/2024
Summary
Coinbase delivered strong quarterly performance with revenue of $1.13 billion and net income of $75.5 million, driven by growth in transaction and subscription revenues. The company continues to benefit from the recovery in cryptocurrency markets and maintains a robust financial position.
Revenue
$1.13B
Net Income
$75.495M
Guidance
Tone
Key Quotes
"We continue to provide a trusted platform that serves as a compliant gateway to the onchain economy"
"Our business strategy remains focused on expanding institutional and retail crypto engagement"
Q2 2024
10-Q • Filed 8/1/2024
Summary
Coinbase delivered strong Q2 2024 performance with revenue of $1.38 billion and net income of $36.15 million, showing resilience in the crypto market. The company maintained a confident tone and demonstrated positive operational cash flow.
Revenue
$1.38B
Net Income
$36.15M
Guidance
Tone
Key Quotes
"The Company provides a trusted platform that serves as a compliant gateway to the onchain economy"
"We are remote-first and do not maintain a headquarters"
Q1 2024
10-Q • Filed 5/2/2024
Summary
Coinbase delivered a strong Q1 2024 with significant revenue and net income growth, driven by robust transaction and subscription revenues. The company demonstrated operational efficiency and continued to benefit from the crypto market recovery.
Revenue
$1.59B
Net Income
$1.18B
Guidance
Tone
Key Quotes
"Providing a trusted platform that serves as a compliant gateway to the onchain economy"
"Enables customers to engage in a wide variety of activities in the cryptoeconomy"
Q4 2023
10-K • Filed 2/15/2024
Summary
Coinbase faces significant regulatory challenges and market headwinds, with declining revenues, ongoing legal battles with SEC, and a cautious outlook for the crypto industry. The company is reducing headcount and navigating complex regulatory environments.
Revenue
$878.098M
Net Income
$178.561M
Guidance
Tone
Key Quotes
"We generated $7.4 billion in total net revenue for the year ended December 31, 2021, [but] our total net revenue for the years ended December 31, 2023 and 2022 declined to $2.9 billion and $3.1 billion, respectively"
"The 2022 Events resulted in a loss of confidence in the broader cryptoeconomy"
Q3 2023
10-Q • Filed 11/2/2023
Summary
Coinbase experienced a challenging quarter with reduced revenues and continued net losses, reflecting ongoing crypto market volatility. The company continues cost-cutting measures through restructuring while maintaining a cautious outlook.
Revenue
$623.004M
Net Income
$-2.265M
Guidance
Tone
Partnerships
Key Quotes
"We stopped issuing new consumer loans as of May 10, 2023"
"Our total revenue is substantially dependent on the prices of crypto assets"
Q2 2023
10-Q • Filed 8/3/2023
Summary
Coinbase continues to face challenging market conditions with reduced revenues and ongoing restructuring efforts. The company has significantly cut expenses through workforce reductions while maintaining a cautious outlook on the crypto market.
Revenue
$662.5M
Net Income
$-97.4M
Guidance
Tone
Key Quotes
"We stopped issuing new loans to consumers as of May 10, 2023"
"The 2023 Restructuring was intended to manage the Company's operating expenses in response to the ongoing market conditions"
Q1 2023
10-Q • Filed 5/4/2023
Summary
Coinbase experienced a significant revenue decline in Q1 2023, with transaction revenue dropping substantially. The company has implemented cost-cutting measures, including a 21% workforce reduction, to manage expenses in a challenging crypto market environment.
Revenue
$736.398M
Net Income
$-78.896M
Guidance
Tone
Capex
$15.231M
Key Quotes
"Our business is subject to risks and uncertainties related to the highly volatile nature of crypto"
"Total revenue is substantially dependent on the prices of crypto assets and volume of transactions"
Sector Comparison
How COIN performs vs Technology sector and FinTech peers