Quick answer: latest quarter results, by ticker or company name

Reported Q: Q1 2025 Rev YoY: +40.3% EPS YoY: -94.6% Move: -5.73%

Coinbase Global Inc

COIN

$153.20 -5.73%

Exchange NASDAQ Sector Financial Services Industry Financial Data Stock Exchanges

Q1 2025

Published: May 8, 2025

Company Status Snapshot

Fast view of the latest quarter outcome for COIN

Reported

Report Date

May 8, 2025

Quarter Q1 2025

Revenue

2.03B

YoY: +40.3%

EPS

0.24

YoY: -94.6%

Market Move

-5.73%

Previous quarter: Q4 2024

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Earnings Highlights

Revenue of $2.03B up 40.3% year-over-year
EPS of $0.24 decreased by 94.6% from previous year
Gross margin of 75.3%
Net income of 65.61M
""We think cryptocurrency is the most important technology to update the financial system and create that economic freedom for people all over the world." - Brian Armstrong, CEO" - Brian Armstrong

COIN

Coinbase Global Inc

Period Q1 2025

Currency USD

Report Type Quarterly Earnings

Generated Feb 12, 2026

Executive Summary

Coinbase Global Inc (COIN) showcased impressive resilience in its Q1 2025 results, reporting revenues of $2.03 billion, a 40.33% year-over-year increase despite a sequential decline of 10.45% from Q4 2024. The management emphasized the growing importance of cryptocurrency in modern financial systems, and how this aligns with Coinbase's mission of promoting economic freedom worldwide. Notably, Coinbase strategically acquired Deribit, the leading crypto options exchange, further solidifying its market position and enhancing its trading capabilities. However, performance was tempered by increased operational expenses and a decline in customer trading volume, which poses questions about sustainability moving forward.

Key Performance Indicators

Revenue

Increasing

2.03B

QoQ: -10.45% | YoY: 40.33%

Gross Profit

Increasing

1.53B

75.29% margin

QoQ: -21.64% | YoY: 21.74%

Operating Income

Decreasing

705.81M

QoQ: -31.74% | YoY: -7.19%

Net Income

Decreasing

65.61M

QoQ: -94.92% | YoY: -94.42%

EPS

Decreasing

0.26

QoQ: -94.93% | YoY: -94.63%

Revenue Trend

Margin Analysis

Financial Highlights

Financial Highlights:
- Revenue: $2.03 billion (YoY: +40.33%, QoQ: -10.45%)
- Net Income: $66 million (YoY: -94.42%, QoQ: -94.92%)
- Adjusted EBITDA: $930 million
- EPS: $0.26 (Diluted EPS: $0.24)
- Gross Profit Margin: 75.29%
- Operating Income Margin: 34.69%
- Current Ratio: 2.52, indicating strong short-term liquidity.

Coinbase's adjusted net income reached $527 million, showcasing robust financial health despite headwinds, with a focus on acquiring new customers for its derivatives trading business influencing transaction revenues. The total operating expenses rose to $1.3 billion, partly due to higher variable costs linked to increased trading activities.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	2.03B	40.33%	-10.45%
Gross Profit	1.53B	21.74%	-21.64%
Operating Income	705.81M	-7.19%	-31.74%
Net Income	65.61M	-94.42%	-94.92%
EPS	0.26	-94.63%	-94.93%

Key Financial Ratios

Gross Profit Margin

Excellent

75.30%

Gross profit margin is exceptional, indicating strong pricing power and operational efficiency

Operating Profit Margin

Excellent

34.70%

Operating margin is exceptional, indicating strong pricing power and operational efficiency

Net Profit Margin

Fair

3.23%

Net profit margin is moderate, room for improvement in cost management

Return on Assets

Weak

0.30%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

0.63%

Return on equity suggests inefficient capital allocation

Current Ratio

Strong

2.52

Current ratio indicates excellent liquidity and financial flexibility

Debt to Equity

Moderate

0.41

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

High Growth

166.62x

Very high P/E indicates aggressive growth expectations, higher risk

Price to Book

Premium

4.18x

Trading at premium to book value, reflects strong intangibles or growth

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	2,034.30	0.24	+40.3%	View
Q4 2024	2,271.64	4.67	+138.2%	View
Q3 2024	1,128.60	0.28	+67.4%	View
Q2 2024	1,379.94	0.14	+94.9%	View
Q1 2024	1,449.63	4.40	+87.7%	View

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Coinbase Global Inc (COIN) Q1 2025 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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Q1 2025 Reports in Financial Services Sector

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