Coinbase Global, Inc. (COIN)
Coinbase Global, Inc. brought in $5.6B of revenue over the twelve months to September 30, 2026, down 26.6% from a year earlier. It posted a net loss of $701.6M. At September 30, 2026 it held $8.6B in cash against $5.9B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 29, 2026.
Key facts about Coinbase Global, Inc.
- Net worth
- Coinbase Global, Inc. has a market value (market cap) of $34.9B at the latest share price, and shareholders' equity of $13.9B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $7.2B (+9.4% year on year), with net income of $1.3B. Over the 12 months to September 30, 2026: revenue $5.6B, net loss $701.6M.
- Cash flow
- In fiscal 2025 operations brought in $2.4B of cash.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 29, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Coinbase Global, Inc.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
What Coinbase Global, Inc. does
Coinbase Global operates an online platform for buying, selling, transferring, and storing cryptocurrencies and digital assets. It serves retail consumers, institutional investors, and software developers, generating revenue primarily through transaction fees, subscription services, custody fees, and interest on custodial funds. Its shares trade on NASDAQ under the ticker COIN.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $7.2B | $1.3B | $4.45 | n/a |
| 2024 | $6.6B | $2.6B | $9.48 | n/a |
| 2023 | $3.1B | $94.9M | $0.37 | n/a |
| 2022 | $3.2B | -$2.6B | -$11.83 | -$1.6B |
| 2021 | $7.8B | $3.6B | $14.50 | $4B |
| 2021 | $1.3B | $322.3M | $1.40 | $283.6M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where COIN ranks in Finance
Latest SEC filings
What Coinbase Global, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 29, 2026Quarterly report 10-Q · period to September 30, 2026Revenue fell 35% to $1.2B versus the same quarter last year; diluted EPS $2.51 versus $1.50.
- October 29, 2026
- October 2, 2026Executive or director change8-KCoinbase Chief Accounting Officer Jennifer Jones has decided to retire.
- September 2, 2026
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 19% to $1.2B versus the same quarter last year; diluted EPS -$1.36 versus $5.14.
- July 30, 2026
- July 23, 2026
- July 9, 2026
- June 18, 2026
- May 15, 2026Passive stake changed SCHEDULE 13G/A
Insider trades
What the people running Coinbase Global, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $18M worth of shares in the last 90 days and bought none on the open market. All of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 2, 2026 | Andreessen Marc LDirector | Soldpre-planned (10b5-1), indirect | 6,838 | $1.4M |
| October 1, 2026 | Andreessen Marc LDirector | Soldpre-planned (10b5-1), indirect | 13,676 | $2.5M |
| September 21, 2026 | Andreessen Marc LDirector | Soldpre-planned (10b5-1), indirect | 6,838 | $1.4M |
| September 21, 2026 | Haas Alesia JChief Financial Officer | Soldpre-planned (10b5-1) | 410 | $83.5K |
| September 21, 2026 | Haas Alesia JChief Financial Officer | Soldpre-planned (10b5-1) | 35,840 | $7.4M |
| September 21, 2026 | Haas Alesia JChief Financial Officer | Soldpre-planned (10b5-1) | 1,409 | $290.8K |
| September 21, 2026 | Haas Alesia JChief Financial Officer | Soldpre-planned (10b5-1) | 1,371 | $283.9K |
| September 8, 2026 | Andreessen Marc LDirector | Soldpre-planned (10b5-1), indirect | 13,676 | $2.5M |
Who owns COIN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Brian Armstrong13G, passive with 1 related filers | 13.91% | February 14, 2025 |
| Vanguard Capital Management13G, passive | 7.32% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 1,115 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 16,710,783 | -34,623 |
| Vanguard Capital Management LLC | 14,165,975 | +35,954 |
| Vanguard Portfolio Management LLC | 9,571,891 | +83,501 |
| State Street Corp | 9,562,203 | +201,983 |
| Geode Capital Management, LLC | 6,154,642 | +24,622 |
| Morgan Stanley | 3,802,156 | +3,623 |
| Paradigm Operations LP | 3,185,297 | -404,131 |
| Norges Bank | 2,790,018 | new |
| Goldman Sachs Group Inc | 2,544,211 | +34,221 |
| ARK Investment Management LLC | 2,511,319 | +138,435 |
| UBS Group AG | 2,314,441 | -201,548 |
| Clear Street Group Inc. | 2,313,977 | -240,221 |
| Sumitomo Mitsui Trust Group, Inc. | 2,051,897 | -16,813 |
| Invesco Ltd. | 2,005,685 | +33,703 |
| Charles Schwab Investment Management Inc | 1,885,012 | +151,403 |
| Northern Trust Corp | 1,826,103 | -124,587 |
| Barclays PLC | 1,709,270 | +389,483 |
| Capital World Investors | 1,703,693 | +7,995 |
| Amova Asset Management Americas, Inc. | 1,596,804 | +7,652 |
| a16z Perennial Management, L.P. | 1,473,831 | +2,836 |
Insiders
14 insiders reported holding 2,356,588 shares in total, about $311.4M at the last price.
| Holder | Shares |
|---|---|
| Andreessen Marc LDirector | 1,108,9721,108,972 held indirectly |
| Choi EmiliePresident & COO | 568,122 |
| Haas Alesia JChief Financial Officer | 345,376 |
| Wilson Frederick RDirector | 184,973 |
| Grewal PaulChief Legal Officer | 84,753 |
| Kramer Kelly A.Director | 34,919 |
| Lutke TobiasDirector | 14,585 |
| Clement PaulDirector | 3,915 |
| Lehane ChrisDirector | 3,776 |
| Davies ChristaDirector | 3,770 |
Questions about COIN
What does Coinbase Global, Inc. do?
Coinbase Global operates an online platform for buying, selling, transferring, and storing cryptocurrencies and digital assets. It serves retail consumers, institutional investors, and software developers, generating revenue primarily through transaction fees, subscription services, custody fees, and interest on custodial funds. Its shares trade on NASDAQ under the ticker COIN.
What is Coinbase Global, Inc.'s net worth?
Coinbase Global, Inc. has a market value (market cap) of $34.9B at the latest share price, and shareholders' equity of $13.9B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Coinbase Global, Inc. profitable?
No. Over the twelve months to September 30, 2026 it reported a net loss of $701.6M on revenue of $5.6B.
How much revenue does Coinbase Global, Inc. make?
Over the twelve months to September 30, 2026 Coinbase Global, Inc. reported revenue of $5.6B. That is 26.6% less than a year earlier.
When did Coinbase Global, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 29, 2026. It covers the period to September 30, 2026.
When is Coinbase Global, Inc.'s next earnings report?
Coinbase Global, Inc.'s next report is expected around February 11, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
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Where the numbers come from
Financial figures are the values Coinbase Global, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.