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Coinbase Global, Inc.

COIN

Financial Statements

Income Statement (Annual)

Amounts in millions

2024

12/31/2024

Revenue
6,564
Cost of Revenue
1,658
Gross Profit
4,906
Gross Margin
74.7%
Operating Income
2,307
Operating Margin
35.1%
Net Income
2,579
Net Margin
39.3%
EPS (Basic)
$10.42
EPS (Diluted)
$9.48
EBITDA
3,151
EBITDA Margin
48.0%

2023

12/31/2023

Revenue
3,108
Cost of Revenue
1,136
Gross Profit
1,973
Gross Margin
63.5%
Operating Income
-162
Operating Margin
-5.2%
Net Income
95
Net Margin
3.1%
EPS (Basic)
$0.40
EPS (Diluted)
$0.37
EBITDA
146
EBITDA Margin
4.7%

2022

12/31/2022

Revenue
3,194
Cost of Revenue
630
Gross Profit
2,564
Gross Margin
80.3%
Operating Income
-2,710
Operating Margin
-84.8%
Net Income
-2,625
Net Margin
-82.2%
EPS (Basic)
$-11.84
EPS (Diluted)
$-11.83
EBITDA
-2,822
EBITDA Margin
-88.3%

2021

12/31/2021

Revenue
7,839
Cost of Revenue
1,739
Gross Profit
6,101
Gross Margin
77.8%
Operating Income
3,077
Operating Margin
39.2%
Net Income
3,624
Net Margin
46.2%
EPS (Basic)
$17.47
EPS (Diluted)
$14.50
EBITDA
3,120
EBITDA Margin
39.8%

2020

12/31/2020

Revenue
1,277
Cost of Revenue
136
Gross Profit
1,142
Gross Margin
89.4%
Operating Income
409
Operating Margin
32.0%
Net Income
322
Net Margin
25.2%
EPS (Basic)
$0.58
EPS (Diluted)
$0.58
EBITDA
440
EBITDA Margin
34.4%