Coinbase(COIN) - 2025 Q1 - Quarterly Results

First Quarter 2025 May 8, 2025 Fellow Shareholders, We delivered strong financial results in Q1, generating $2.0 billion in total revenue, $66 million in net income, $527 million in Adjusted Net Income (excluding the tax-effected impact of crypto investment asset gains/ losses), and $930 million in Adjusted EBITDA. Total transaction revenue was $1.3 billion and subscription and $ $ services revenue was nearly $700 million, driven by growth in stablecoin revenue and Coinbase One. With $9.9 billion in total $ ...