Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $534M | $1.28B | $7.84B | $3.19B | $3.11B | $6.56B | $7.18B |
| Revenue growth | — | 139.3% | 513.7% | -59.3% | -2.7% | 111.2% | 9.4% |
| Operating income | -$45.8M | $409M | $3.08B | -$2.71B | -$162M | $2.31B | $1.44B |
| Operating margin | -8.6% | 32.0% | 39.2% | -84.8% | -5.2% | 35.1% | 20.0% |
| Net income | -$30.4M | $322M | $3.62B | -$2.62B | $94.9M | $2.58B | $1.26B |
| Net margin | -5.7% | 25.2% | 46.2% | -82.2% | 3.1% | 39.3% | 17.6% |
| EPS (diluted) | -$0.50 | $1.40 | $14.50 | -$11.83 | $0.37 | $9.48 | $4.45 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$80.6M | $294M | $4.04B | -$1.59B | $673M | $3.10B | $2.43B |
| Capital expenditures | $33.5M | $9.91M | $2.91M | $2.93M | — | — | — |
| Free cash flow | -$114M | $284M | $4.04B | -$1.59B | — | — | — |
| Share buybacks | — | — | — | — | $0.00 | $0.00 | $790M |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $549M | $1.06B | $7.12B | $4.43B | $5.49B | $9.31B | $11.3B |
| Total assets | — | $5.86B | $21.3B | $89.7B | $14.8B | $22.5B | $29.7B |
| Total liabilities | — | $4.33B | $14.9B | $84.3B | $8.47B | $12.3B | $14.9B |
| Long-term debt | — | $0.00 | $3.38B | $3.39B | $2.98B | $4.23B | $5.94B |
| Shareholders' equity | $497M | $964M | $6.38B | $5.45B | $6.28B | $10.3B | $14.8B |
| Retained earnings | — | $726M | $4.35B | $1.73B | $1.82B | $4.96B | $6.22B |
| Shares (wtd avg diluted) | 61.3M | 91.2M | 220M | 222M | 254M | 273M | 287M |
Every figure is extracted from Coinbase Global, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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