Coinbase(COIN) - 2025 Q2 - Quarterly Results

Second Quarter 2025 July 31, 2025 Fellow Shareholders, We delivered solid financial results in Q2, generating $1.5 billion in total revenue, $1.4 billion in net income (which includes both a $1.5 billion gain on strategic investments and a $362 million gain on crypto investment assets), $33 million in Adjusted Net Income (which excludes both aforementioned items) and $512 million in Adjusted EBITDA. Transaction revenue was $764 million. Subscription and services revenue was $656 million, driven by continued ...