Coinbase Global (COIN) Cost of Revenue (2020 - 2026)
Coinbase Global's (COIN) quarterly Cost of Revenue came in at $59.7 million in Q2 2026, down 33.69% year-over-year from $90.0 million in Q2 2025, and down 28.86% quarter-over-quarter from $83.9 million in Q1 2026.
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Coinbase Global (COIN) Cost of Revenue (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported Cost of Revenue for 4 consecutive years, with $59.7 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cost of Revenue fell 33.69% year-over-year to $59.7 million in Q2 2026; TTM through Jun 2026 was $338.6 million, a 6.29% decrease from a year earlier, with the FY2025 full-year figure at $402.6 million, up 62.92% from the prior year.
- Cost of Revenue was $59.7 million for Q2 2026 at Coinbase Global, down from $83.9 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $105.0 million in Q1 2025 and troughed at $59.7 million in Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 51.24 Bn | 42.45 Bn | 1.16 Bn | 59.69 Mn |
| 2 | Bullish | 5.78 Bn | 5.72 Bn | 15.53 Mn | 32.57 Bn |
| 3 | Cypherpunk Technologies | 663.58 Mn | 663.58 Mn | - | - |
| 4 | Canton Strategic Holdings | 498.79 Mn | 498.79 Mn | - | - |
| 5 | Bakkt | 387.06 Mn | 336.37 Mn | 2.21 Mn | 167.94 Mn |
| 6 | Coincheck | 264.39 Mn | 162.79 Mn | 11.20 Mn | 685.10 Mn |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 8 | Exodus Movement | 205.10 Mn | -149.98 Mn | - | - |
| 9 | Usbc | 197.95 Mn | 194.29 Mn | - | - |
| 10 | TON Strategy | 191.64 Mn | 191.61 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 59.69 Mn |
| Mar 31, 2026 | 83.91 Mn |
| Jun 30, 2025 | 90.02 Mn |
| Mar 31, 2025 | 104.97 Mn |
| Mar 31, 2021 | 155.89 Mn |
| Mar 31, 2020 | 10.43 Mn |