
Coinbase Global Inc
NASDAQ:COIN

Income Statement
Earnings Waterfall
Coinbase Global Inc
Revenue
|
6.6B
USD
|
Cost of Revenue
|
-897.7m
USD
|
Gross Profit
|
5.7B
USD
|
Operating Expenses
|
-3.4B
USD
|
Operating Income
|
2.2B
USD
|
Other Expenses
|
342.3m
USD
|
Net Income
|
2.6B
USD
|
Income Statement
Coinbase Global Inc
Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||
Revenue |
534
N/A
|
658
+23%
|
634
-4%
|
791
+25%
|
1 278
+62%
|
2 888
+126%
|
4 930
+71%
|
5 926
+20%
|
7 839
+32%
|
7 205
-8%
|
5 785
-20%
|
5 064
-12%
|
3 194
-37%
|
2 800
-12%
|
2 700
-4%
|
2 784
+3%
|
3 108
+12%
|
3 973
+28%
|
4 715
+19%
|
5 246
+11%
|
6 564
+25%
|
|
Gross Profit | ||||||||||||||||||||||
Cost of Revenue |
(82)
|
(92)
|
(86)
|
(100)
|
(136)
|
(344)
|
(656)
|
(817)
|
(1 268)
|
(1 312)
|
(1 144)
|
(1 048)
|
(630)
|
(449)
|
(390)
|
(378)
|
(421)
|
(542)
|
(625)
|
(706)
|
(898)
|
|
Gross Profit |
452
N/A
|
566
+25%
|
548
-3%
|
691
+26%
|
1 142
+65%
|
2 544
+123%
|
4 273
+68%
|
5 109
+20%
|
6 572
+29%
|
5 893
-10%
|
4 642
-21%
|
4 016
-13%
|
2 564
-36%
|
2 352
-8%
|
2 311
-2%
|
2 406
+4%
|
2 688
+12%
|
3 432
+28%
|
4 090
+19%
|
4 540
+11%
|
5 666
+25%
|
|
Operating Income | ||||||||||||||||||||||
Operating Expenses |
(486)
|
(490)
|
(496)
|
(552)
|
(725)
|
(1 182)
|
(2 079)
|
(2 721)
|
(3 367)
|
(4 143)
|
(4 385)
|
(4 611)
|
(4 615)
|
(4 021)
|
(3 419)
|
(3 043)
|
(2 759)
|
(2 829)
|
(3 055)
|
(3 250)
|
(3 431)
|
|
Selling, General & Administrative |
(442)
|
(438)
|
(467)
|
(520)
|
(608)
|
(912)
|
(1 523)
|
(2 067)
|
(2 857)
|
(3 621)
|
(4 106)
|
(4 377)
|
(4 437)
|
(3 923)
|
(3 367)
|
(3 049)
|
(1 374)
|
(2 330)
|
(2 151)
|
(1 993)
|
(1 955)
|
|
Research & Development |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1 325)
|
(442)
|
(777)
|
(1 128)
|
(1 346)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(29)
|
(55)
|
(123)
|
|
Other Operating Expenses |
(44)
|
(52)
|
(28)
|
(32)
|
(116)
|
(270)
|
(556)
|
(654)
|
(510)
|
(522)
|
(279)
|
(234)
|
(178)
|
(97)
|
(53)
|
5
|
(60)
|
(58)
|
(98)
|
(74)
|
(8)
|
|
Operating Income |
(34)
N/A
|
76
N/A
|
52
-32%
|
139
+166%
|
417
+201%
|
1 362
+226%
|
2 194
+61%
|
2 388
+9%
|
3 205
+34%
|
1 750
-45%
|
257
-85%
|
(595)
N/A
|
(2 051)
-245%
|
(1 669)
+19%
|
(1 109)
+34%
|
(638)
+42%
|
(71)
+89%
|
603
N/A
|
1 035
+72%
|
1 290
+25%
|
2 235
+73%
|
|
Pre-Tax Income | ||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(22)
|
(46)
|
(67)
|
(89)
|
(88)
|
(86)
|
(25)
|
(52)
|
695
|
346
|
170
|
664
|
|
Non-Reccuring Items |
(11)
|
(10)
|
0
|
0
|
(8)
|
(4)
|
(4)
|
(7)
|
(128)
|
(215)
|
(642)
|
(638)
|
(660)
|
(611)
|
(200)
|
(125)
|
9
|
129
|
145
|
70
|
0
|
|
Total Other Income |
0
|
(4)
|
(8)
|
(4)
|
0
|
13
|
11
|
(12)
|
(50)
|
(91)
|
(258)
|
(303)
|
(266)
|
(253)
|
(64)
|
8
|
36
|
100
|
19
|
49
|
43
|
|
Pre-Tax Income |
(45)
N/A
|
62
N/A
|
44
-29%
|
135
+206%
|
409
+204%
|
1 371
+235%
|
2 201
+61%
|
2 369
+8%
|
3 027
+28%
|
1 421
-53%
|
(689)
N/A
|
(1 603)
-133%
|
(3 065)
-91%
|
(2 621)
+14%
|
(1 459)
+44%
|
(781)
+46%
|
(77)
+90%
|
1 526
N/A
|
1 545
+1%
|
1 579
+2%
|
2 943
+86%
|
|
Net Income | ||||||||||||||||||||||
Tax Provision |
15
|
(12)
|
0
|
(17)
|
(87)
|
(309)
|
435
|
592
|
597
|
1 002
|
412
|
376
|
440
|
347
|
181
|
45
|
172
|
(176)
|
(61)
|
(17)
|
(364)
|
|
Income from Continuing Operations |
(30)
|
50
|
44
|
118
|
322
|
1 062
|
2 636
|
2 961
|
3 624
|
2 423
|
(277)
|
(1 228)
|
(2 625)
|
(2 274)
|
(1 278)
|
(736)
|
95
|
1 350
|
1 484
|
1 561
|
2 579
|
|
Net Income (Common) |
(30)
N/A
|
29
N/A
|
(9)
N/A
|
64
N/A
|
128
+99%
|
205
+61%
|
1 956
+855%
|
2 277
+16%
|
3 190
+40%
|
2 673
-16%
|
(173)
N/A
|
(1 119)
-549%
|
(2 625)
-134%
|
(2 274)
+13%
|
(1 278)
+44%
|
(736)
+42%
|
95
N/A
|
1 350
+1 323%
|
1 484
+10%
|
1 561
+5%
|
2 578
+65%
|
|
EPS (Diluted) |
-0.15
N/A
|
0.14
N/A
|
-0.05
N/A
|
0.32
N/A
|
0.64
+100%
|
0.93
+45%
|
8.01
+761%
|
9.09
+13%
|
14.5
+60%
|
12.28
-15%
|
-0.78
N/A
|
-4.99
-540%
|
-11.81
-137%
|
-9.82
+17%
|
-5.44
+45%
|
-3.09
+43%
|
0.37
N/A
|
5.03
+1 259%
|
5.55
+10%
|
5.83
+5%
|
9.42
+62%
|