Coinbase (COIN)
Exchange and infrastructure platform for crypto, derivatives, equities, stablecoins, and onchain applications.
$198.21
vs last close−2.86 (−1.42%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 674 | 954 | 1,638 | 1,450 | 1,205 | 2,272 | 2,034 | 1,497 | 1,869 | 1,032 | 1,413 | 1,220 |
| Cost of revenue | 263 | 275 | 409 | 379 | 350 | 555 | 503 | 426 | 253 | 290 | 429 | 190 |
| Gross profit | 411 | 678 | 1,228 | 1,070 | 856 | 1,716 | 1,532 | 1,071 | 1,615 | 742 | 984 | 1,030 |
| 491 | 563 | 468 | 727 | 686 | 682 | 826 | 1,096 | 1,135 | 1,187 | 971 | 1,104 | |
| Research & development | 323 | 323 | 358 | 364 | 377 | 369 | 355 | 387 | 431 | 497 | 526 | 473 |
| 159 | 237 | 194 | 297 | 317 | 350 | 442 | 409 | 679 | 768 | 410 | 597 | |
| Selling & marketing | 40 | 72 | 63 | 127 | 125 | 188 | 214 | 204 | 260 | 315 | 227 | 240 |
| General & administrative | 118 | 165 | 131 | 171 | 192 | 162 | 228 | 205 | 418 | 453 | 183 | 357 |
| Other expenses | 10 | 2 | −84 | 65 | −9 | −37 | 28 | 299 | 26 | −78 | 35 | 34 |
| Operating income | −80 | 116 | 760 | 343 | 170 | 1,034 | 706 | −25 | 481 | −444 | 14 | −73 |
| 114 | 17 | 677 | −403 | −101 | 463 | −623 | 1,848 | 22 | −442 | −478 | −322 | |
| Interest income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,781 | 0 | 424 |
| Interest expense | 21 | 19 | 19 | 21 | 21 | 21 | 21 | 21 | 22 | 23 | 23 | 23 |
| Other non-operating income | −135 | −36 | −696 | 383 | 80 | −483 | 603 | −1,869 | −24 | 419 | 456 | 40 |
| Income before tax | 35 | 133 | 1,437 | −60 | 69 | 1,497 | 82 | 1,824 | 502 | −886 | −465 | −395 |
| Income tax expense | 37 | −141 | 261 | −96 | −7 | 206 | 17 | 395 | 70 | −220 | −71 | −36 |
| Net income from continuing operations | −2 | 273 | 1,176 | 36 | 75 | 1,291 | 66 | 1,429 | 433 | −667 | −394 | −359 |
| Net income | −2 | 273 | 1,176 | 36 | 75 | 1,291 | 66 | 1,429 | 433 | −667 | −394 | −359 |
| EPS, basic | −$0.01 | $1.14 | $4.84 | $0.15 | $0.30 | $5.13 | $0.26 | $5.60 | $1.65 | −$2.49 | −$1.49 | −$1.36 |
| EPS, diluted | −$0.01 | $1.05 | $4.40 | $0.14 | $0.28 | $4.68 | $0.24 | $5.14 | $1.50 | −$2.49 | −$1.49 | −$1.36 |
| Weighted average shares, basic | 237 | 239 | 243 | 246 | 249 | 252 | 254 | 255 | 263 | 268 | 265 | 263 |
| Weighted average shares, diluted | 237 | 261 | 268 | 267 | 267 | 277 | 271 | 279 | 292 | 268 | 265 | 263 |
| EBITDA | 87 | 181 | 1,486 | −5 | 120 | 1,550 | 136 | 1,878 | 554 | −793 | −374 | −66 |
| Depreciation & amortization | 32 | 29 | 29 | 35 | 31 | 33 | 33 | 34 | 50 | 71 | 68 | 47 |
| EBIT | 55 | 152 | 1,456 | −40 | 89 | 1,517 | 103 | 1,844 | 504 | −864 | −442 | −113 |
