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Cash Flow Statement
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Growth Metrics
Income Statement
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Accumulated Depreciation & AmortizationCost of RevenueEBIATLeasesLong-Term Debt IssuancesMachine, Furnitures, Fixtures & OtherOther Gross PP&E AdjustmentsProperty, Plant & Equipment (Gross)Receivables - NetShort-Term Debt repayments
Ratios

Coinbase Global (COIN) Cost of Revenue (2020 - 2025)

Coinbase Global (COIN) has disclosed Cost of Revenue for 6 consecutive years, with -$341.2 million as the latest value for Q4 2025.

  • On a quarterly basis, Cost of Revenue fell 251.11% to -$341.2 million in Q4 2025 year-over-year; TTM through Dec 2025 was $402.6 million, a 38.49% decrease, with the full-year FY2025 number at $402.6 million, down 38.49% from a year prior.
  • Cost of Revenue was -$341.2 million for Q4 2025 at Coinbase Global, down from $260.3 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $260.3 million in Q3 2025 to a low of -$341.2 million in Q4 2025.
  • A 5-year average of $128.2 million and a median of $129.4 million in 2021 define the central range for Cost of Revenue.
  • Peak YoY movement for Cost of Revenue: soared 1619.52% in 2021, then plummeted 251.11% in 2025.
  • Coinbase Global's Cost of Revenue stood at $244.6 million in 2021, then tumbled by 61.93% to $93.1 million in 2022, then increased by 14.18% to $106.3 million in 2023, then skyrocketed by 112.43% to $225.8 million in 2024, then tumbled by 251.11% to -$341.2 million in 2025.
  • Per Business Quant, the three most recent readings for COIN's Cost of Revenue are -$341.2 million (Q4 2025), $260.3 million (Q3 2025), and $236.2 million (Q2 2025).