Coinbase Global (COIN) Cost of Revenue (2020 - 2026)

Coinbase Global (COIN) has 7 years of Cost of Revenue data on file, last reported at $83.9 million in Q1 2026.

• Quarterly Cost of Revenue fell 20.07% year-over-year to $83.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $239.2 million (down 5.64% YoY) and the FY2025 annual result came in at $402.6 million, up 62.92% from the prior year.
• Cost of Revenue improved to $83.9 million in Q1 2026 per COIN's latest filing, from -$341.2 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $260.3 million in Q3 2025 and bottomed at -$341.2 million in Q4 2025.
• The 5-year median for Cost of Revenue is $98.6 million (2024), against an average of $84.3 million.
• Peak annual rise in Cost of Revenue reached 110.76% in 2024, while the deepest fall reached 270.76% in 2024.
• Tracing COIN's Cost of Revenue over 5 years: stood at $93.1 million in 2022, then advanced by 14.18% to $106.3 million in 2023, then slumped by 270.76% to -$181.5 million in 2024, then slumped by 87.98% to -$341.2 million in 2025, then soared by 124.59% to $83.9 million in 2026.
• Per Business Quant, the three latest COIN Cost of Revenue figures stand at $83.9 million (Q1 2026), -$341.2 million (Q4 2025), and $260.3 million (Q3 2025).

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