Coinbase Global (COIN) FY2024 results: revenue $6.6 billion, up 111.2% on the year
Coinbase Global, Inc. (COIN) reported revenue of $6.6 billion for fiscal 2024, the year ended 31 December 2024, up 111.2% on the year before. Net income was $2.6 billion, up 2618.5%, and diluted earnings per share $9.48. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$6.6 billion
+111.2% on the year
FY2019FY2024
Operating margin
35.1%
-5.2% a year earlier
FY2019FY2024
Net income
$2.6 billion
+2,618.5% on the year
FY2019FY2024
Diluted EPS
$9.48
+2,462.2% on the year
FY2019FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,104
673
-1,585
+361.0%
Capital expenditure
n/a
n/a
2.9
Free cash flow
n/a
n/a
-1,588
Free cash flow margin
n/a
n/a
-49.7%
Cash from investing
-201
-206
-664
Cash from financing
2,903
-838
-5,839
Depreciation and amortisation
128
140
154
-8.7%
Share-based compensation
913
781
1,566
+16.9%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
273m
254m
222m
+7.5%
Shares outstanding at period end
254m
n/a
n/a
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
10,277
6,282
5,455
+63.6%
Redeemable equity
0.0
0.0
0.0
Short-term borrowings
374
0.0
20.5
Debt
4,234
2,980
3,393
+42.1%
Operating lease liabilities
85.8
3.8
42.0
+2,145.2%
Other liabilities
7,571
5,488
80,814
+37.9%
Total liabilities and equity
22,542
14,754
89,725
+52.8%
Fixed assets
200
193
172
+3.9%
Goodwill
1,140
1,140
1,074
0.0%
Intangible assets
46.8
86.4
135
-45.8%
Investments
0.0
n/a
n/a
Cash and equivalents
9,308
5,489
4,425
+69.6%
Receivables
265
168
220
+57.6%
Other assets
11,582
7,678
83,698
+50.8%
Total assets
22,542
14,754
89,725
+52.8%
10-K for the year ended 31 December 2024, filed 13 February 2025: the filing.