Coinbase Global, Inc. Class A Common Stock (COIN) Financials
Key financial figures for Coinbase Global, Inc. Class A Common Stock (Q3 2026).
Coinbase Q3 2026 revenue of $1.22B was flat Q/Q and down 35% Y/Y; GAAP net income of $718.7M included $715.0M of gains on crypto assets held for investment, while Adjusted EBITDA rose 60% Q/Q to $332.9M. Total revenue was $1,215.6M (flat Q/Q, -35% Y/Y): transaction revenue $590.2M (-1% Q/Q, -44% Y/Y) and subscription and services revenue $570.2M (+3% Q/Q), 49% of net revenue; stablecoin revenue was $306.9M. GAAP net income was $718.7M ($2.51 diluted EPS) versus a $359.5M loss in Q2, with operating income of $61.7M; the quarter included $715.0M of gains on crypto assets held for investment. Adjusted Net Income was $77.7M. Adjusted EBITDA was $332.9M (+60% Q/Q, -58% Y/Y), the 15th consecutive positive quarter; Adjusted Expenses of $975.0M were below the $980-$1,080M range outlined for Q3. On the outlook: Q4 2026 outlook: subscription and services revenue of $550-$630 million, transaction expenses in the mid-teens as a percentage of net revenue, Adjusted Expenses of $1,007-$1,157 million, and stock-based compensation of about $240 million; transaction revenue was about $165 million quarter-to-date through October 25 (management cautioned against extrapolating). Full-year 2026 Adjusted Expenses outlook lowered to $4,150-$4,300 million from $4,200-$4,450 million. Figures are for Q3 2026, as Coinbase Global, Inc. reported them.
- Revenue
- $1.2B
- Net Income
- $719M
- EPS
- $2.72
- Total Assets
- $27.4B
- Operating Cash Flow
- $405M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $1.2B | $719M | $2.51 | 5.07% | $405M |
| Q2 FY2026 | $1.2B | -$359M | -$1.36 | -9.3% | $197M |
| Q1 FY2026 | $1.4B | -$394M | -$1.49 | -1.52% | $183M |
| Q4 FY2025 | $1.8B | -$667M | -$2.49 | 15.37% | $3.1B |
| Q3 FY2025 | $1.9B | $433M | $1.50 | 25.71% | -$785M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $7.2B | $1.3B | $4.45 | 20.28% | $2.4B |
| FY2024 | $6.6B | $2.6B | $9.48 | 35.15% | $2.6B |
| FY2023 | $3.1B | $95M | $0.37 | -5.2% | $923M |
Frequently asked questions
What was Coinbase Global, Inc.'s revenue last quarter?
Coinbase Global, Inc. reported revenue of $1.22 billion for Q3 FY2026, down 35.0% from the same period a year earlier.
Is Coinbase Global, Inc. profitable?
Yes. Coinbase Global, Inc. reported net income of $718.7 million for Q3 FY2026, a net margin of 59.12% on revenue.
How has Coinbase Global, Inc.'s margin trended?
Operating margin was 5.07% in Q3 FY2026, compared with 25.71% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Coinbase Global, Inc. generate?
Coinbase Global, Inc. generated free cash flow of $405.5 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Coinbase Global, Inc. Class A Common Stock on SentiSense, with up to forty quarters and twenty fiscal years of history.