ChartRow logo
ChartRow
Investing Charts
Sign in
COIN
Coinbase Global Inc.Stock · FinancialsS&P 500 0.1%
$158.32−$2.84 (-1.76%)as of market close, Jul 24, 2026
CompareJPMHOODVBRK-BGSBAC

How Coinbase Global makes money

Period

How does Coinbase Global make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Coinbase Global Inc. · FY2025 · year ended 2025-12-31
Revenue$7.2BGross profit$7.2B · 100%Cost of revenue$0 · 0%Operating income$1.4B · 20%Operating expenses$5.7B · 80%R&D$1.7B · 23%SG&A$1.6B · 23%Selling & marketing$1.1B · 15%Other opex$1.4B · 19%Pre-tax income$1.5B · 21%Other income$87M · 1%Net income$1.3B · 18%Income tax$262M · 4%Bank Servicing & Subscription & Circulation$6.9B · 96%Other Revenue$298M · 4%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.