Coinbase Global, Inc.

COIN

COINCoinbase Global, Inc. US flag

NASDAQ Global Select

163.22

USD

-10.77

- -

43.00BMarket Cap

Income Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	534	1,277	7,839	3,194	3,108	6,564	7,181
+ Sales & Services Revenue	534	1,277	7,839	3,194	3,108	6,564	7,181
- Cost of Revenue	82	136	1,739	630	1,136	1,655	1,821
+ Cost of Goods & Services	82	136	1,739	630	1,136	1,655	1,821
Gross Profit	452	1,142	6,101	2,564	1,973	4,909	5,360
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	487	733	2,892	4,512	2,027	2,673	3,904
+ Selling, General & Admin	256	337	1,102	2,111	692	1,197	1,877
+ Research & Development	185	272	1,292	2,326	1,325	1,468	1,671
+ Other Operating Expense	46	125	498	75	10	8	356
Operating Income (Loss)	-36	409	3,208	-1,947	-54	2,235	1,456
- Non-Operating (Income) Loss	10	- -	181	1,117	23	-707	-66
+ Interest Expense, Net	- -	- -	29	89	83	81	85
+ Interest Expense	- -	- -	29	89	83	81	85
- Interest Income	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	10	- -	152	1,028	-60	-788	-151
Pretax Income	-45	409	3,027	-3,065	-77	2,943	1,522
- Income Tax Expense (Benefit)	-15	87	-597	-440	-172	364	262
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-30	322	3,624	-2,625	95	2,579	1,260
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-30	322	3,624	-2,625	95	2,579	1,260
- Minority Interest	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-30	322	3,624	-2,625	95	2,579	1,260
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-30	322	3,624	-2,625	95	2,579	1,260
EBIT	-36	409	3,208	-1,947	-54	2,235	1,456
EBITDA	-19	440	3,272	-1,793	86	2,363	1,645
EBITDA Margin (%)	-3.52	34.44	41.74	-56.14	2.76	36	22.9
EBITA	-36	409	3,208	-1,947	-54	2,235	1,456
Gross Margin (%)	84.63	89.39	77.82	80.28	63.47	74.78	74.64
Operating Margin (%)	-6.68	32.01	40.93	-60.96	-1.73	34.06	20.28
Profit Margin (%)	-5.69	25.23	46.23	-82.18	3.05	39.29	17.55
Sales per Employee	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	17	31	64	154	140	128	188
Basic Weighted Avg Shares	183	186	177	222	236	247	260
Basic EPS, GAAP	-0.17	1.73	20.44	-11.81	0.4	10.43	4.85
Basic EPS from Cont Ops	-0.17	1.73	20.44	-11.81	0.4	10.43	4.85
Diluted Weighted Avg Shares	206	186	220	222	254	273	287
Diluted EPS, GAAP	-0.15	1.73	16.48	-11.81	0.37	9.43	4.39
Diluted EPS from Cont Ops	-0.15	1.73	16.48	-11.81	0.37	9.43	4.39

Balance Sheet (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	1,987	5,134	18,374	86,448	11,357	18,113	20,388
+ Cash, Cash Equivalents & STI	637	1,111	7,224	5,286	5,525	9,569	11,914
+ Cash & Cash Equivalents	549	1,062	7,123	4,425	5,139	9,308	11,285
+ ST Investments	88	49	100	861	386	261	629
+ Accounts & Notes Receiv	92	189	366	465	631	915	1,726
+ Accounts Receivable, Net	18	162	26	203	81	127	177
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	2	7	218	184	399	644	1,355
+ Other Receivable, Net	72	21	122	78	151	144	194
+ Inventories	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	1,258	3,834	10,784	80,697	5,200	7,628	6,749
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	405	721	2,901	3,277	3,397	4,429	9,283
+ Property, Plant & Equip, Net	171	150	158	241	205	281	406
+ Property, Plant & Equip	181	175	200	326	326	466	678
- Accumulated Depreciation	10	24	42	85	121	185	272
+ LT Investments & Receivables	18	28	1,352	751	674	1,927	2,622
+ LT Investments	18	28	1,352	751	674	1,927	2,622
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	217	543	1,391	2,284	2,518	2,221	6,255
+ Total Intangible Assets	125	454	802	1,209	1,226	1,186	5,567
+ Goodwill	55	77	626	1,074	1,140	1,140	4,169
+ Other Intangible Assets	70	377	177	135	86	47	1,398
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	92	89	588	1,075	1,292	1,034	689
Total Assets	2,392	5,855	21,274	89,725	14,754	22,542	29,672
+ Payables & Accruals	45	101	459	367	496	616	805
+ Accounts Payable	6	12	40	56	39	63	118
+ Accrued Taxes	3	6	5	6	17	91	66
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	37	83	415	305	440	462	622
+ ST Debt	24	25	52	54	11	374	1,722
+ ST Borrowings	- -	271	20	21	- -	374	1,722
+ ST Finance Leases	24	25	32	34	11	- -	- -
+ Other ST Liabilities	1,154	4,121	10,907	80,394	4,978	6,951	6,174
+ Deferred Revenue	1,107	3,849	10,481	80,243	197,154	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	47	271	427	152	-192,176	6,951	6,174
Total Current Liabilities	1,223	4,247	11,419	80,815	5,485	7,941	8,701
+ LT Debt	107	83	3,459	3,435	2,984	4,320	6,110
+ LT Borrowings	- -	- -	3,385	3,393	2,980	4,234	5,937
+ LT Finance Leases	107	83	74	42	4	86	173
+ Other LT Liabilities	565	562	15	20	3	4	68
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	565	562	15	20	3	4	68
Total Noncurrent Liabilities	671	645	3,474	3,455	2,987	4,324	6,177
Total Liabilities	1,895	4,892	14,893	84,270	8,472	12,265	14,879
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	94	231	2,035	3,768	4,492	5,366	8,567
+ Common Stock	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	94	231	2,035	3,768	4,492	5,366	8,567
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	404	726	4,350	1,725	1,820	4,961	6,221
+ Other Equity	-1	6	-3	-39	-30	-50	5
Equity Before Minority Interest	497	964	6,382	5,455	6,282	10,277	14,793
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
Total Equity	497	964	6,382	5,455	6,282	10,277	14,793
Total Liabilities & Equity	2,392	5,855	21,274	89,725	14,754	22,542	29,672
Shares Outstanding	186	186	217	231	242	254	268
Number of Employees	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	130	108	106	76	15	86	173
Net Debt	-549	-791	-3,719	-1,011	-2,159	-4,700	-3,627
Net Debt to Equity	-110.43	-82.04	-58.27	-18.54	-34.38	-45.73	-24.52
Tangible Common Equity Ratio	16.42	9.43	27.25	4.8	37.37	42.57	38.28
Current Ratio	1.62	1.21	1.61	1.07	2.07	2.28	2.34
Cash Conversion Cycle	- -	1.39	-1.09	-14.72	1.38	-5.52	-10.41

Cash Flow Statement (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	-30	322	3,624	-2,625	95	2,579	1,260
+ Depreciation & Amortization	17	31	64	154	140	128	188
+ Non-Cash Items	33	34	209	1,917	390	328	1,009
+ Stock-Based Compensation	31	71	821	1,566	781	913	839
+ Deferred Income Taxes	-21	- -	-558	-468	-216	151	238
+ Asset Impairment Charge	2	8	330	859	97	- -	- -
+ Other Non-Cash Adj	21	-45	-383	-40	-271	-736	-69
+ Chg in Non-Cash Work Cap	-100	2,617	141	-1,031	49	69	-31
+ (Inc) Dec in Accts Receiv	29	-70	-70	-139	84	-101	-2
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	-37	29	- -	- -	- -
+ Inc (Dec) in Accts Payable	-2	6	27	19	- -	- -	- -
+ Inc (Dec) in Other	-127	2,681	221	-940	-35	170	-29
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	-81	3,004	4,038	-1,585	673	3,104	2,426
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	2	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	2	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-34	-10	-64	-3	- -	- -	- -
+ Acq of Fixed Prod Assets	-34	-10	-3	-3	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	-61	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	-790
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	-790
+ Net Change in LT Investment	-6	36	-762	-431	171	2	-408
+ Dec in LT Investment	273	574	2,574	969	470	97	757
+ Inc in LT Investment	-279	-538	-3,336	-1,400	-299	-95	-1,165
+ Net Cash From Acq & Div	-6	34	- -	- -	-31	- -	-742
+ Cash from Divestitures	- -	34	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	-6	- -	- -	- -	-31	- -	-742
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-62	-9	-299	-230	-347	-203	-899
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-105	51	-1,125	-664	-206	-201	-2,050
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	3,400	- -	-324	1,320	3,003
+ Cash From Debt	- -	- -	3,400	191	32	1,369	3,584
+ Repayments of Debt	- -	- -	- -	-191	-356	-48	-581
+ Other Financing Activities	-17	19	6,576	-5,838	-514	1,583	-1,472
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-17	19	9,976	-5,839	-838	2,903	740
Effect of Foreign Exchange Rates	- -	-2	-65	-163	9	-48	93
Net Changes in Cash	-203	3,074	12,890	-8,088	-371	5,806	1,117
EBITDA	-19	440	3,272	-1,793	86	2,363	1,645
EBITDA Margin (%)	-3.52	34.44	41.74	-56.14	2.76	36	22.9
Free Cash Flow	-114	2,994	3,974	-1,588	673	3,104	2,426
Net Cash Paid for Acquisitions	6	-34	- -	- -	31	- -	742
Free Cash Flow to Firm	- -	2,994	- -	- -	- -	3,175	2,497
Free Cash Flow to Equity	- -	2,994	7,435	-1,588	349	4,424	5,429
Free Cash Flow per Basic Share	-0.62	16.1	22.41	-7.14	2.86	12.55	9.33
Price/Free Cash Flow	- -	- -	13.53	-4.97	65.7	21.87	26.77
Cash Flow to Net Income	2.65	9.32	1.11	0.6	7.1	1.2	1.93
Capital Expenditures	-34	-10	-64	-3	- -	- -	- -