Coinbase Global (COIN) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter rose compared to both the prior quarter and the same quarter one year earlier. The company reported a higher revenue figure than in the preceding period and the comparable period a year ago.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter rose compared to both the prior quarter and the same quarter one year earlier. The company reported a higher revenue figure than in the preceding period and the comparable period a year ago.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
+71.7%
Change from the immediately preceding quarter.
Year-over-year
+112.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2023 | $707.9M | -12.4% |
| Sep 30, 2023 | $674.1M | +14.2% |
| Dec 31, 2023 | $953.8M | +51.6% |
| Mar 31, 2024 | $1.6B | +112.0% |
Revenue performance
The reported revenue direction is upward, with an increase from the immediately preceding quarter. The year-over-year comparison also shows a rise.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was higher. The year-over-year gain was even more pronounced than the sequential increase.
What to watch
The filing notes no material changes to liquidity and capital resources, and management believes existing cash and equivalents are sufficient for near-term needs.