Coinbase Global, Inc. (COIN) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 182.74M | 3.07B | -784.51M | 328.47M | -182.73M | 964.62M | 696.54M | 484.2M | 411.49M | -5.19M | 313.94M | 151.12M | 463.08M | 3.23B | -397.5M | -351.13M | -91.36M | 2.99B | 342.05M | 3.98B |
| Operating CF Margin % | 12.93% | 296.96% | -41.98% | 21.94% | -8.98% | 42.46% | 57.8% | 33.4% | 25.13% | -0.54% | 46.57% | 21.35% | 59.94% | 513.72% | -67.33% | -43.44% | -7.83% | 119.81% | 26.07% | 178.77% |
| Operating CF Growth % | 200.01% | 217.76% | -212.63% | -32.16% | -144.41% | 18700.42% | 121.88% | 220.4% | -11.14% | -100.16% | 178.98% | 143.04% | 606.89% | 7.97% | -216.21% | -108.82% | -102.68% | 38.69% | - | - |
| Net Income | -394.12M | -666.73M | 432.55M | 1.43B | 65.61M | 1.29B | 75.5M | 36.15M | 1.18B | 273.44M | -2.27M | -97.41M | -78.9M | -557M | -544.63M | -1.09B | -429.66M | 840.21M | 406.1M | 1.61B |
| Depreciation & Amortization | 68.01M | 71.12M | 50.08M | 33.9M | 33.33M | 32.99M | 30.7M | 34.5M | 29.33M | 29.48M | 31.97M | 36.98M | 41.21M | 40.35M | 40.11M | 42.03M | 31.58M | 23.02M | 17.1M | 12.61M |
| Stock-Based Compensation | 248.06M | 230.48M | 222.07M | 196.16M | 190.73M | 221.98M | 248.42M | 217.93M | 224.5M | 163.88M | 218.15M | 199.77M | 282.9M | 430.75M | 391.44M | 391.5M | 352.14M | 262.53M | 264.19M | 189.34M |
| Deferred Taxes | -77.18M | -248.19M | 86.53M | 454.51M | -54.54M | 90.24M | -22.89M | -130.4M | 214.36M | -166.12M | 21.22M | 12.73M | -84.17M | -23.81M | -106.7M | -154.34M | -183.18M | 13.71M | -478.72M | -93.36M |
| Other Non-Cash Items | 494.19M | 3.62B | -2.61B | -1.79B | 708.64M | -516.39M | 102.13M | 226.91M | -758.95M | -117.53M | -142.84M | -12.48M | -13.29M | -60.95M | 63.29M | 604.74M | 212.04M | 12.63M | -88.9M | 83.29M |
| Working Capital Changes | -156.21M | 56.99M | 1.04B | 1.86M | -1.13B | -155.39M | 262.69M | 99.1M | -474M | -188.34M | 187.71M | 11.52M | 315.33M | 3.4B | -241M | -141.41M | -74.28M | 1.84B | 222.27M | 2.18B |
| Change in Receivables | 0 | -55.98M | 0 | 54M | 0 | 0 | 32.02M | 39.02M | -108.8M | 0 | 117.9M | 30.55M | -67.13M | -171.33M | -28.88M | -1M | 8.36M | -45.26M | -46.51M | 95.73M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9.75M | 4.41M | -32.9M | -6.05M | 24.01M | 29.06M | -28.4M | 0 | -6.56M | 23.34M |
| Cash from Investing | -239.06M | -397.17M | -735.57M | -685.16M | -231.65M | -49.42M | -88.68M | -18.61M | -125.68M | 90.51M | -72.36M | 13.33M | -26.08M | -26.12M | -19.08M | 72.97M | -691.59M | -480.32M | -306.67M | -299.84M |
| Capital Expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11.03M | -154K | -329K | -50K | 814K | -6K | -2.54M | -1.2M | -1.28M | -1.39M | -217K |
| CapEx % of Revenue | - | - | - | - | - | - | - | - | - | 1.16% | 0.02% | 0.05% | 0.01% | 0.13% | 0% | 0.31% | 0.1% | 0.05% | 0.11% | 0.01% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 2.91B | 3.25B | 7.65B | 5.78B | 3.78B | 2.93B | 2.38B | 2.39B | 2.47B | 1.06B | 1.21B | 1.11B | 1.13B | 1.61B | 725.16M | 712.62M | 581.01M | 1.45B | 373M | 212.59M |
| Other Investing | -64.39M | 142.55M | 235.71M | -426.33M | -94.19M | -15.32M | -70.35M | -19.51M | -177.21M | 38.43M | -97.46M | -17.75M | -9.51M | -36.35M | -6.41M | 69.31M | -8.94M | -152.54M | -39.48M | -98.16M |
| Cash from Financing | -864.91M | -1.16B | 3.18B | -391.14M | -893.8M | 2.15B | -311.32M | -933.73M | 1.93B | 922.8M | -591.87M | -1.6B | 460.13M | -5.61B | -598.47M | -2.88B | -725.32M | -109.19M | 1.96B | 1.37B |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -1.04B | -481.39M | -107.42M | -101.08M | -100.3M | 45.92M | 10.7M | 19.84M | 49.68M | 6.04M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -1.06B | -481.39M | -107.42M | -101.08M | -100.3M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -112.76M | -3.9B | 3.51B | -290.06M | -793.5M | 3.35B | -322.03M | -953.58M | 632.02M | 997.63M | -414.67M | -1.56B | 480.61M | -5.63B | -598.47M | -2.73B | -854.72M | -109.19M | -14.85M | 1.35B |
| Net Change in Cash | -959.4M | 2.59B | 1.67B | -669.63M | -1.31B | 2.99B | 342.13M | -472.9M | 2.19B | 1.04B | -373.28M | -1.45B | 908.5M | -2.19B | -1.27B | -3.27B | -1.51B | 2.34B | 1.98B | 5.05B |
| Free Cash Flow | 182.74M | 3.07B | -784.51M | 328.47M | -182.73M | 964.62M | 696.54M | 484.2M | 411.49M | -16.22M | 313.94M | 151.12M | 463.08M | 3.22B | -413.24M | -376.68M | -101.64M | 2.95B | 334.93M | 3.95B |
| FCF Margin % | 12.93% | 296.96% | -41.98% | 21.94% | -8.98% | 42.46% | 57.8% | 33.4% | 25.13% | -1.7% | 46.57% | 21.35% | 59.94% | 511.75% | -70% | -46.6% | -8.71% | 118.02% | 25.53% | 177.44% |
| FCF Growth % | 200.01% | 217.76% | -212.63% | -32.16% | -144.41% | 6048.19% | 121.88% | 220.4% | -11.14% | -100.5% | 175.97% | 140.12% | 555.62% | 9.18% | -223.38% | -109.53% | -102.98% | 36.94% | - | - |
| FCF per Share | 0.69 | 11.43 | -2.69 | 1.18 | -0.67 | 3.49 | 2.60 | 1.81 | 1.54 | -0.06 | 1.32 | 0.64 | 2.00 | 14.43 | -1.85 | -1.70 | -0.47 | 12.53 | 1.34 | 15.93 |
| FCF Conversion (FCF/Net Income) | -0.46x | -4.60x | -1.81x | 0.23x | -2.79x | 0.75x | 9.23x | 13.39x | 0.35x | -0.02x | -138.60x | -1.55x | -5.87x | -5.80x | 0.73x | 0.32x | 0.21x | 3.56x | 0.84x | 2.48x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 35.12M | 0 | 33.42M | 0 | 33.23M | 4.23M | 38.61M | 74K | 38.77M | 0 | 43.44M | 190K | 0 | 0 | 0 |
| Taxes Paid | 0 | -16.69M | 16.69M | 0 | 0 | -113.11M | 31.55M | 76.02M | 5.53M | 19.45M | 9.01M | 5.35M | 5.32M | 18.13M | 7.76M | 8.02M | 1.98M | 15.19M | 1.92M | 51.5M |