| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 1,927,060 | 1,494,508 | 65,608 | 1,287,890 |
| Depreciation and amortization | 117,312 | 67,234 | 33,333 | 94,523 |
| Gains on crypto assets held for investment, net | 608,958 | 386,889 | 190,729 | 690,854 |
| Investment impairment expense | 486,498 | 399,971 | -54,540 | 61,075 |
| Non-cash lease expense | - | - | - | 8,571 |
| Fair value (gain) loss on derivatives | 10,077 | -25,663 | -34,365 | 55,484 |
| Realized loss on crypto futures contract | 189,305 | -234,598 | -596,651 | 210,902 |
| Gain on extinguishment of long-term debt, net | - | - | - | 0 |
| Stock-based compensation expense recognized in relation to restructuring | - | - | - | 0 |
| Realized loss on crypto futures contract | - | - | - | 0 |
| Crypto asset impairment expense (prior to asu 2023-08) | - | - | - | 0 |
| Crypto assets received as revenue (prior to asu 2023-08) | - | - | - | 0 |
| Crypto asset payments for expenses (prior to asu 2023-08) | - | - | - | 0 |
| (gains) losses on investments, net | 1,075,198 | 1,475,448 | - | - |
| Other operating activities, net | 6,830 | 48,582 | 77,629 | 38,315 |
| Net changes in operating assets and liabilities | 2,510,846 | 1,036,250 | 1,126,502 | 322,616 |
| Net cash (used in) provided by operating activities | -638,768 | 145,747 | -182,727 | 1,592,226 |
| Fiat loans originated | 1,246,352 | 955,488 | 277,922 | 1,270,063 |
| Proceeds from repayment of fiat loans | 819,455 | 588,004 | 248,055 | 1,075,000 |
| Business combinations, net of cash acquired | 687,634 | - | - | - |
| Purchases of crypto assets held for investment | 679,931 | 458,728 | 148,083 | 18,486 |
| Dispositions of crypto assets held for investment | 226,371 | 62,443 | 10,622 | 52,586 |
| Settlement of crypto futures contract | - | - | - | 0 |
| Other investing activities, net | 84,292 | 153,040 | 64,325 | 72,006 |
| Net cash used in investing activities | -1,652,383 | -916,809 | -231,653 | -232,969 |
| Issuances of convertible senior notes, net | 2,957,135 | 0 | 0 | 1,246,025 |
| Purchases of capped calls | 224,250 | 0 | 0 | 104,110 |
| Repurchases of senior and convertible notes | - | - | - | 0 |
| Customer custodial fund liabilities | -600,398 | -1,140,867 | -818,487 | -550,776 |
| Fiat received as collateral | 499,417 | 370,553 | 231,895 | 525,699 |
| Issuance of common stock upon exercise of stock options, net of repurchases | - | - | - | 80,222 |
| Fiat received as collateral returned | 514,494 | 373,804 | 225,230 | 410,438 |
| Taxes paid related to net share settlement of equity awards | 308,803 | 201,381 | 100,303 | 117,225 |
| Other financing activities, net | 87,489 | 60,560 | 18,323 | 13,266 |
| Net cash provided by financing activities | 1,896,096 | -1,284,939 | -893,802 | 682,663 |
| Net (decrease) increase in cash, cash equivalents, and restricted cash and cash equivalents | -395,055 | -2,056,001 | -1,308,182 | 2,041,920 |
| Effect of exchange rate changes on cash | 89,868 | 79,845 | 1,655 | 19,664 |
| Cash and cash equivalents at beginning of period | 14,610,442 | 14,610,442 | 14,610,442 | 9,555,429 |
| Cash and cash equivalents at end of period | 14,305,255 | 12,634,286 | 13,303,915 | 11,617,013 |
Coinbase Global, Inc. (COIN)
Coinbase Global, Inc. (COIN)