Coinbase Global, Inc.

Coinbase Global, Inc. reported strong financial performance for the fiscal year ended December 31, 2025, with total revenue reaching $7.18 billion. The company achieved solid profitability, reporting operating income of $1.44 billion and net income of $1.26 billion. Diluted earnings per share stood at $4.00. The bottom line was positively impacted by significant gains on crypto assets held for investment ($528.9M) and other income ($700.9M), which offset interest expense and tax provisions. Operationally, the company generated robust net cash of $2.43 billion from operating activities. The balance sheet remains exceptionally liquid, with total assets of $29.67 billion, including $11.29 billion in cash and cash equivalents. Total shareholders' equity increased to $14.79 billion. The company actively managed its capital structure, evidenced by $2.96 billion in issuances of convertible senior notes and $790.2 million in common stock repurchases during the period.

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