Coinbase
Coinbase (Nasdaq: COIN) operates a platform for consumers, institutions, and developers to access crypto assets and onchain services, and expanded in 2025 to offer stocks, commodity futures, perpetual futures, and prediction markets. Consumer products include simple and advanced trading, staking, the Coinbase One… From the company’s description.
In fiscal 2025, Coinbase reported revenue of $7.18B, up 9.4% from fiscal 2024, and net income of $1.26B. Its pre-tax margin was 20.0%. Over the twelve months to Jun 30, 2026, revenue was $6.28B.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Coinbase does
In the company’s own words
Coinbase (Nasdaq: COIN) operates a platform for consumers, institutions, and developers to access crypto assets and onchain services, and expanded in 2025 to offer stocks, commodity futures, perpetual futures, and prediction markets. Consumer products include simple and advanced trading, staking, the Coinbase One subscription, and the Base App self-custodial wallet; institutional offerings include trading, prime brokerage, custody, derivatives, and financing. Developers use Coinbase Developer Platform and Base, its Ethereum layer-2 blockchain, to build crypto-enabled products. Coinbase earns transaction fees and subscription and service revenue, including from stablecoins, custody, staking, and blockchain activity. It operates the Coinbase Exchange, Coinbase International Exchange, Coinbase Derivatives Exchange, and Deribit; Deribit joined Coinbase to expand its international presence and derivatives business. Coinbase also partners with Circle on USDC, a U.S. dollar-backed stablecoin. The company had 4,951 employees as of December 31, 2025. Its website is https://www.coinbase.com.
Company details
- Sector
- Financials
- Industry (SIC)
- Finance Services
- Headquarters
- NEW YORK, NY
- Fiscal year end
- December
- CIK
- 1679788
- SIC
- 6199
Financial performance, year by year
Fiscal 2021–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Coinbase — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Coinbase’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Coinbase’s bonds, as funds hold them
Funds report holding 6 issues of Coinbase’s debt, $1.51B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 2.79%, maturing 2026 to 2032.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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- “How do Coinbase and its peers compare on margins and cash generation over ten years?”
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