Companies / Financials
COIN
Coinbase
Financial Exchanges & Data
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Business at a glance
Operating-health scores describe reported fundamentals on a 0–100 scale. They are not a rating of the stock. How they work
Operating health50
Growth73
Profitability67
Cash generationn/a
Balance sheetn/a
Dilution control9
Key ratios and five-year financials
Latest quarter revenue YoY (2026-09-30)-35.0%Revenue growth (FY)9.4%Revenue CAGR (3y)31.0%Gross margin—Operating margin20.0%Net margin17.6%Free cash flow margin33.8%R&D / revenue23.3%Stock comp / revenue11.7%Net debt / operating cash flow-0.97xCurrent ratio2.34Diluted share count change5.1%
| Fiscal year ending | FY 2021-12 | FY 2022-12 | FY 2023-12 | FY 2024-12 | FY 2025-12 |
|---|---|---|---|---|---|
| Revenue | $7.8B | $3.2B | $3.1B | $6.6B | $7.2B |
| Operating income | $3.1B | -$2.7B | -$162M | $2.3B | $1.4B |
| Net income | $3.6B | -$2.6B | $95M | $2.6B | $1.3B |
| Operating cash flow | $4.0B | -$1.6B | $673M | $3.1B | $2.4B |
| Capital expenditure | $3M | $3M | — | — | — |
| Free cash flow | $4.0B | -$1.6B | $673M | $3.1B | $2.4B |
| R&D | $1.3B | $2.3B | $1.3B | $1.5B | $1.7B |
| Stock-based comp | $821M | $1.6B | $781M | $913M | $839M |
| Buybacks | — | — | $0 | $0 | $790M |
| Cash | $7.1B | $4.4B | $5.5B | $9.3B | $11.3B |
| Total debt | $3.4B | $3.4B | $3.0B | $4.6B | $8.9B |
| Equity | $6.4B | $5.5B | $6.3B | $10.3B | $14.8B |
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