COIN10-Kfiled 2026-02-12

Coinbase Global's 10-K: fiscal year ended 2025-12-31

Annual report, fiscal year ended 2025-12-31.

Read the filing on sec.gov ↗All documents and exhibits ↗Accession 0001679788-26-000015

What changed

Each line against the same period a year earlier. The math is under each line; the filing is one click away.

Latest fiscal year vs the year before

10-K filed 2026-02-12 ↗

Year ended	2024-12-31	2025-12-31	Change
Revenue(7,181 − 6,564) ÷ \|6,564\| × 100 = +9.4% ($ millions)	$6.6B	$7.2B	+9.4%
Operating income(1,435 − 2,307) ÷ \|2,307\| × 100 = −37.8% ($ millions)	$2.3B	$1.4B	−37.8%
Net income(1,260 − 2,579) ÷ \|2,579\| × 100 = −51.1% ($ millions)	$2.6B	$1.3B	−51.1%
Diluted earnings per share(4.45 − 9.48) ÷ \|9.48\| × 100 = −53.1% ($ a share)	$9.48	$4.45	−53.1%
Diluted share count (weighted)(287 − 273) ÷ \|273\| × 100 = +5.1% (millions of shares)	273.4M	287.2M	+5.1%
Research and development(1,671 − 1,468) ÷ \|1,468\| × 100 = +13.8% ($ millions)	$1.5B	$1.7B	+13.8%
Operating cash flow(2,426 − 3,104) ÷ \|3,104\| × 100 = −21.8% ($ millions)	$3.1B	$2.4B	−21.8%

Both columns as reported in the latest filing, so a restated prior period shows its restated figure. n/m: not meaningful (the prior figure is zero or of the other sign). Concepts: us-gaap:Revenues, us-gaap:OperatingIncomeLoss, us-gaap:NetIncomeLoss, us-gaap:EarningsPerShareDiluted, us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding, us-gaap:ResearchAndDevelopmentExpense, us-gaap:NetCashProvidedByUsedInOperatingActivities.

COIN’s other recent filings

Filed	Form	What it is
2026-10-29	10-Q	Quarterly report, period ended 2026-09-30
2026-10-29	8-K	Current report: Results of operations
2026-10-02	8-K	Current report: Director or officer departure or appointment sec.gov ↗
2026-09-02	8-K	Current report: Director or officer departure or appointment sec.gov ↗
2026-07-30	10-Q	Quarterly report, period ended 2026-06-30
2026-07-30	8-K	Current report: Results of operations
2026-07-23	8-K	Current report: Director or officer departure or appointment sec.gov ↗
2026-07-09	8-K	Current report: Director or officer departure or appointment sec.gov ↗

Not financial advice. For education only.