Coinbase COIN
We are working to update the century-old financial system by providing a trusted platform that makes it easy for our customers to engage with crypto assets. 10-K, Item 1
- Employees
- 4,951
- Headquarters
- New York, NY
- Next results
- around Feb 11, 2027
COIN among Financials peers
Six ratios from the latest 10-K. Each corner is the share of 75 peers the company is above, not a score.
What changed
22 new risk paragraphs. 10-K filed Feb 12, 2026 against Feb 13, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
8 checks on the latest 10-K. Checks, not verdicts.
0facts worth reading about all 8 checks found nothing to note
-
Receivables +15.8% vs revenue +9.4% (+6.4 pts)
-
Same auditor in both 10-Ks: Deloitte & Touche, LLP
-
No statement of substantial doubt about going concern
5 more checks with nothing to note
-
No 8-K item 4.02 in the last 2 years
-
No NT 10-K or NT 10-Q in the last 2 years
-
No sentence in the 10-K concludes that controls were not effective because of a material weakness
-
No 8-K item 2.06 in the last 2 years
-
No 8-K item 1.03 in the last 2 years
In their words
22 paragraphs in Risk Factors that were not in the 10-K filed Feb 13, 2025. Quoted as filed.
-
Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
For example, as previously disclosed on a Current Report on Form 8-K filed with the SEC on May 15, 2025, a threat actor improperly obtained information about certain customer accounts and internal documentation, and used that information for social-engineering attempts. No passwords or private keys were compromised as a result of this…
-
Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
As we expand and localize our international activities, we have become increasingly obligated to comply with the laws, rules, regulations, policies, and legal interpretations of both the jurisdictions in which we operate and those into which we offer services on a cross-border basis. For instance, financial regulators outside the United…
-
Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
We rely on financial institution relationships to provide our platform and custodial services. In particular, customer cash holdings on our platform are held with one or more financial institutions. As a registered money services business with FinCEN under the Bank Secrecy Act, as amended by the USA
-
Item 1A · new paragraph · not in the 10-K filed Feb 13, 2025 10-K, ITEM 1A
Successful implementation of our growth strategy will also require significant expenditures before any substantial associated revenue is generated and we cannot guarantee that these increased investments
New risk paragraphs, against peers
Latest 10-K of each, Financials companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $6.6B | $7.2B |
| Net income | −$2.6B | $94.9M | $2.6B | $1.3B |
| Operating cash flow | −$1.6B | $673.4M | $3.1B | $2.4B |
| Free cash flow | −$1.6B |
Revenue, FY2019 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$7.2B ▲ 9.4% in FY2025$1.3B ▼ 51.1% in FY2025
Recent filings
2 filings in the last 30 days · SEC EDGAR
-
8-KOct 29, 2026Quarterly results 8-K item 2.02
-
10-QOct 29, 2026Quarterly report (10-Q) period ended Sep 30, 2026
About the company
Coinbase, New York, NY · from the 10-K filed Feb 12, 2026
We are working to update the century-old financial system by providing a trusted platform that makes it easy for our customers to engage with crypto assets. In December 2025, we took a major step forward to becoming the Everything Exchange - dramatically expanding the assets available to trade on Coinbase, including stocks, commodity futures, perpetual futures, and prediction markets. Our goal is to create a comprehensive, seamless experience for retail users, institutions, and developers to engage in the future of finance.
- Headquarters
- New York, NY
- Country
- United States
- Reports in
- USD
- Listed on
- Nasdaq
- Fiscal year ends
- December 31
- Last results
- Oct 29, 2026
- Incorporated in
- TX
Employees, at the top of the page: "As of December 31, 2025, we had 4,951 employees" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Feb 12, 2026 (open at SEC), compared with the 10-K filed Feb 13, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/COIN/export.csv") into a cell.