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Coinbase Global vs Klarna: revenue, profit, margins and growth compared

Coinbase Global brought in $7.2B of revenue in fiscal 2025, Klarna $3.5B in fiscal 2025. Revenue changed by +9.4% at Coinbase Global and +24.8% at Klarna on the year before, so Klarna grew faster. Coinbase Global kept 17.6% of its revenue as net profit, Klarna -7.8%.

Side by side, latest fiscal year

COINKLAR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$7.2B$3.5B
Revenue growth+9.4%+24.8%
Net income$1.3B-$273M
Net margin17.6%-7.8%
Free cash flown/a-$1B
Free cash flow marginn/a-29.5%
Earnings per share (diluted)$4.45-$0.79
Cash$11.3B$3.8B
Debt$7.2Bn/a
Price to earnings43.8n/a
Market value$51.5B$9B
Dividend yieldn/an/a
Rank by revenue in sector#76 of 444 · Finance#113 of 444 · Finance

Over the years

Revenue
COIN FY2019: $533.7MCOIN FY2021: $1.3BCOIN FY2021: $7.8BCOIN FY2022: $3.2BCOIN FY2023: $3.1BCOIN FY2024: $6.6BCOIN FY2025: $7.2BKLAR FY2023: $2.3BKLAR FY2025: $2.8BKLAR FY2025: $3.5BFY19FY21FY22FY23FY24FY25
COIN $7.2BKLAR $3.5B
Net income
COIN FY2019: -$30.4MCOIN FY2021: $322.3MCOIN FY2021: $3.6BCOIN FY2022: -$2.6BCOIN FY2023: $94.9MCOIN FY2024: $2.6BCOIN FY2025: $1.3BKLAR FY2023: -$244MKLAR FY2025: $21MKLAR FY2025: -$273MFY19FY21FY22FY23FY24FY25
COIN $1.3BKLAR -$273M
Net margin
COIN FY2019: -5.7%COIN FY2021: 25.2%COIN FY2021: 46.2%COIN FY2022: -82.2%COIN FY2023: 3.1%COIN FY2024: 39.3%COIN FY2025: 17.6%KLAR FY2023: -10.7%KLAR FY2025: 0.7%KLAR FY2025: -7.8%FY19FY21FY22FY23FY24FY25
COIN 17.6%KLAR -7.8%
Revenue growth
COIN FY2021: +139.3%COIN FY2021: +513.7%COIN FY2022: -59.3%COIN FY2023: -2.7%COIN FY2024: +111.2%COIN FY2025: +9.4%KLAR FY2025: +23.5%KLAR FY2025: +24.8%FY21FY22FY23FY24FY25
COIN +9.4%KLAR +24.8%
Free cash flow
COIN FY2019: -$114.1MCOIN FY2021: $283.6MCOIN FY2021: $4BCOIN FY2022: -$1.6BKLAR FY2023: $807MKLAR FY2025: $586MKLAR FY2025: -$1BFY19FY21FY22FY23FY25
COIN -$1.6BKLAR -$1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Coinbase Global and Klarna

Which is bigger by revenue, Coinbase Global or Klarna?

Coinbase Global is bigger by revenue: $7.2B in fiscal 2025, against $3.5B for Klarna in fiscal 2025.

Which keeps more of its revenue as profit, Coinbase Global or Klarna?

Coinbase Global had a net margin of 17.6% in fiscal 2025; Klarna had -7.8% in fiscal 2025.

Which grew revenue faster, Coinbase Global or Klarna?

In their latest fiscal years revenue changed by +9.4% at Coinbase Global and +24.8% at Klarna.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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