Coinbase Files Q1 2025 10-Q Report

Ticker: COIN · Form: 10-Q · Filed: 2025-05-08T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, earnings, cryptocurrency, financials

Related Tickers: COIN

TL;DR

**Coinbase Q1 2025 10-Q filed. Financials out.**

AI Summary

Coinbase Global, Inc. filed its 10-Q report for the period ending March 31, 2025. The filing details financial performance and operational updates for the first quarter of 2025. Specific financial figures and business segment revenues are presented, reflecting the company's activities in the digital asset space.

Why It Matters

This filing provides investors and the public with a detailed look at Coinbase's financial health and operational performance during the first quarter of 2025, impacting market sentiment and investment decisions.

Risk Assessment

Risk Level: medium — The cryptocurrency market is inherently volatile, and Coinbase's performance is directly tied to this market's fluctuations, regulatory changes, and technological advancements.

Key Numbers

2025-03-31 — Reporting Period End Date (Indicates the end of the financial quarter being reported.)
2025-01-01 — Reporting Period Start Date (Indicates the beginning of the financial quarter being reported.)

Key Players & Entities

Coinbase Global, Inc. (company) — Filer of the 10-Q report
20250331 (date) — End of the reporting period
20250508 (date) — Filing date of the report

FAQ

What is the reporting period for this 10-Q filing?

The reporting period for this 10-Q filing is the first quarter of 2025, ending on March 31, 2025.

When was this 10-Q filing submitted to the SEC?

This 10-Q filing was submitted to the SEC on May 8, 2025.

What is the Central Index Key (CIK) for Coinbase Global, Inc.?

The Central Index Key (CIK) for Coinbase Global, Inc. is 0001679788.

What is Coinbase's fiscal year end?

Coinbase's fiscal year ends on December 31.

What are some of the revenue segments mentioned in the filing data?

The filing data mentions revenue segments such as 'BankServicingAndSubscriptionAndCirculationMember' and 'OtherRevenueMember'.

From the Filing

0001679788-25-000089.txt : 20250508 0001679788-25-000089.hdr.sgml : 20250508 20250508161745 ACCESSION NUMBER: 0001679788-25-000089 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 94 CONFORMED PERIOD OF REPORT: 20250331 FILED AS OF DATE: 20250508 DATE AS OF CHANGE: 20250508 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Coinbase Global, Inc. CENTRAL INDEX KEY: 0001679788 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets EIN: 464707224 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-40289 FILM NUMBER: 25926425 BUSINESS ADDRESS: STREET 1: ONE MADISON AVENUE STREET 2: SUITE 2400 CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 3026365401 MAIL ADDRESS: STREET 1: C/O CORPORATION SERVICE COMPANY STREET 2: 251 LITTLE FALLS DRIVE CITY: WILMINGTON STATE: DE ZIP: 19808 10-Q 1 coin-20250331.htm 10-Q coin-20250331 0001679788 FALSE 2025 Q1 12/31 http://fasb.org/us-gaap/2024#AccountingStandardsUpdate202308Member xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure coin:unit coin:class_action_case 0001679788 2025-01-01 2025-03-31 0001679788 us-gaap:CommonClassAMember 2025-05-01 0001679788 us-gaap:CommonClassBMember 2025-05-01 0001679788 2025-03-31 0001679788 2024-12-31 0001679788 us-gaap:CommonClassAMember 2024-12-31 0001679788 us-gaap:CommonClassAMember 2025-03-31 0001679788 us-gaap:CommonClassBMember 2024-12-31 0001679788 us-gaap:CommonClassBMember 2025-03-31 0001679788 coin:BankServicingAndSubscriptionAndCirculationMember 2025-01-01 2025-03-31 0001679788 coin:BankServicingAndSubscriptionAndCirculationMember 2024-01-01 2024-03-31 0001679788 coin:OtherRevenueMember 2025-01-01 2025-03-31 0001679788 coin:OtherRevenueMember 2024-01-01 2024-03-31 0001679788 2024-01-01 2024-03-31 0001679788 us-gaap:CommonStockMember 2024-12-31 0001679788 us-gaap:AdditionalPaidInCapitalMember 2024-12-31 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-12-31 0001679788 us-gaap:RetainedEarningsMember 2024-12-31 0001679788 us-gaap:CommonStockMember 2025-01-01 2025-03-31 0001679788 us-gaap:AdditionalPaidInCapitalMember 2025-01-01 2025-03-31 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-01-01 2025-03-31 0001679788 us-gaap:RetainedEarningsMember 2025-01-01 2025-03-31 0001679788 us-gaap:CommonStockMember 2025-03-31 0001679788 us-gaap:AdditionalPaidInCapitalMember 2025-03-31 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2025-03-31 0001679788 us-gaap:RetainedEarningsMember 2025-03-31 0001679788 us-gaap:CommonStockMember 2023-12-31 0001679788 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001679788 us-gaap:RetainedEarningsMember 2023-12-31 0001679788 2023-12-31 0001679788 2023-01-01 2023-12-31 0001679788 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember us-gaap:RetainedEarningsMember 2023-12-31 0001679788 srt:CumulativeEffectPeriodOfAdoptionAdjustmentMember 2023-12-31 0001679788 us-gaap:CommonStockMember 2024-01-01 2024-03-31 0001679788 us-gaap:AdditionalPaidInCapitalMember 2024-01-01 2024-03-31 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-01-01 2024-03-31 0001679788 us-gaap:RetainedEarningsMember 2024-01-01 2024-03-31 0001679788 us-gaap:CommonStockMember 2024-03-31 0001679788 us-gaap:AdditionalPaidInCapitalMember 2024-03-31 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-31 0001679788 us-gaap:RetainedEarningsMember 2024-03-31 0001679788 2024-03-31 0001679788 coin:BankServicingConsumerNetMember 2025-01-01 2025-03-31 0001679788 coin:BankServicingConsumerNetMember 2024-01-01 2024-03-31 0001679788 coin:BankServicingInstitutionalMember 2025-01-01 2025-03-31 0001679788 coin:BankServicingInstitutionalMember 2024-01-01 2024-03-31 0001679788 coin:BankServicingOtherMember 2025-01-01 2025-03-31 0001679788 coin:BankServicingOtherMember 2024-01-01 2024-03-31 0001679788 us-gaap:BankServi