Coinbase Global, Inc. delivered a strong performance in Q4 2025, with total revenue reaching $1.78 billion, a slight decrease from the previous quarter but a significant increase year-over-year. The company reported a net loss of $666.7 million, primarily due to losses on crypto assets held for investment and strategic investments. However, Adjusted EBITDA remained positive at $565.9 million, demonstrating underlying operational strength. The company also saw record highs in total trading volume and subscription services revenue, with a notable increase in Assets on Platform.

Coinbase delivered solid Q3 results with $1.87B in revenue and $433M in net income, supported by strong performance in derivatives, USDC growth, and expanded trading activity.

Coinbase posted $1.5 billion in revenue and $1.43 billion in net income for Q2 2025, significantly boosted by a $1.5 billion gain on strategic investments and a $362 million crypto gain. Adjusted net income and EBITDA were lower, reflecting core business conditions.

Coinbase posted $2.03 billion in revenue and $66 million in net income for Q1 2025, supported by strong subscription growth and increased stablecoin utility. Adjusted EBITDA reached $930 million, while the company also announced a major acquisition to boost its derivatives business.

Coinbase's Q4 2024 revenue surged to $2.27 billion, an increase of 138.15% YoY, fueled by a 172% rise in transaction revenue. Net income reached $1.29 billion, supported by higher trading volumes and gains from its crypto asset investment portfolio. The company ended the quarter with $9.3 billion in USD resources and strong institutional adoption.

Coinbase reported a solid Q3 2024 with $1.2 billion in total revenue and $75 million in net income. The company achieved its 7th consecutive quarter of positive Adjusted EBITDA, reaching $449 million. Growth in staking, on-platform USDC, and custody helped diversify revenue, while advancements in stablecoin integration and the Base network contributed to crypto utility.

Coinbase reported a total revenue of $1.4 billion and a net income of $36 million for Q2 2024. The company's subscription and services revenue reached nearly $600 million, and its balance sheet strengthened to $7.8 billion in USD resources. Coinbase also saw progress in achieving regulatory clarity and made innovative product updates.

Coinbase reported strong Q4 2023 results, marked by an 83% Q/Q surge in transaction revenue and a 12% Q/Q growth in subscription and services revenue. The company's focus on financial discipline and operational excellence led to a net income of $273 million and Adjusted EBITDA of $305 million for the quarter.

Coinbase's Q2 2023 results showed a net loss of $97 million but a positive Adjusted EBITDA of $194 million. Total revenue was $708 million, and the balance sheet strengthened to $5.5 billion in $USD resources.

Coinbase's Q1 2023 showed significant improvement with net revenue growing 22% Q/Q to $736 million and operating expenses declining 24% Q/Q. The company achieved a net loss of $79 million, which included a $144 million restructuring expense, but returned to positive Adjusted EBITDA of $284 million.

Coinbase's Q4 2022 results showed resilience with a 5% Q/Q increase in net revenues, driven by subscription and services growth, despite a challenging year for crypto markets. The company focused on cost management, reducing expenses, and engaging with policymakers, positioning itself for potential benefits from future regulations. They ended Q4 with $5.5 billion in total $USD resources and $426 million in crypto assets.

Coinbase's Q3 2022 net revenue was $576 million, a 28% decrease compared to Q2. Transaction revenue was $366 million, down 44% Q/Q, while subscription and services revenue increased 43% sequentially to $211 million. The company reported a net loss of $545 million and Adjusted EBITDA of negative $116 million.

Coinbase's Q2 2022 results were significantly impacted by the decline in crypto asset prices, leading to lower trading volume and revenue. The company reported a net revenue of $803 million, a net loss of $1.1 billion (heavily impacted by non-cash impairment charges), and an adjusted EBITDA of negative $151 million. In response, Coinbase is focusing on expense management and prioritizing key product opportunities.

Coinbase's Q1 2022 results were affected by lower crypto asset prices and volatility, with MTUs down to 9.2 million and total net revenue at $1.2 billion. The company experienced a net loss of $430 million, but remained focused on long-term growth, investing in product development, and expanding services.

Coinbase's Q3 2021 results showed a net revenue of $1.2 billion, driven by $1.1 billion in transaction revenue and $145 million in subscription and services revenue. Net income was $406 million, and Adjusted EBITDA was $618 million. The company saw growth in verified users and retail monthly transacting users (MTUs).

Coinbase had a strong Q2 2021, with significant growth in retail MTUs, trading volume, and assets on the platform. The company generated $2.0 billion in net revenue and $1.6 billion in net income, driven by a strong crypto market environment and increased user engagement.

Coinbase's Q1 2021 saw substantial growth in key metrics, including Verified Users, MTUs, Trading Volume, and Assets on Platform, fueled by high crypto asset prices and volatility. Total revenue reached $1.8 billion, with net income at $771.5 million.