Coinbase Global (COIN) Revenue — Quarter Ended Dec 31, 2025
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline marks a reversal from the growth seen in the prior quarter.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue for the quarter decreased compared to both the immediately preceding quarter and the same quarter one year earlier. The decline marks a reversal from the growth seen in the prior quarter.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8B
Revenue reported for this quarter.
Quarter-over-quarter
-4.7%
Change from the immediately preceding quarter.
Year-over-year
-21.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.2B
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 |
|---|---|---|
| Mar 31, 2025 | $2B | +24.2% |
| Jun 30, 2025 | $1.5B | +3.3% |
| Sep 30, 2025 | $1.9B | +55.1% |
| Dec 31, 2025 | $1.8B | -21.6% |
Revenue performance
The company reported lower revenue in the most recent quarter, with a decline from the prior quarter and a larger decline from the same period a year ago.
Quarterly comparison
Compared to the prior quarter, revenue decreased. Compared to the same quarter last year, revenue also decreased, reflecting a steeper year-over-year drop.
What to watch
Revenue has shown significant volatility over recent quarters, with alternating periods of growth and decline.