Similar companies
Income Statement (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Revenue | 2.27B | 88.5% |
| Gross Profit | 1.64B | 130.6% |
| Cost of Revenue | 634M | 28.1% |
| Operating expense | 1.24B | 19.5% |
| Net Income | 1.29B | 1610.3% |
| EBITDA | 1.03B | 763.1% |
Balance Sheet (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Total Assets | 22.5B | 92.2% |
| Total Liabilities | 12.3B | 95.6% |
| Total Equity | 10.3B | 17.7% |
| Shares Outstanding | 252M | 1.1% |
Cash Flow (USD)
| Q4 '24 | QoQ | |
|---|---|---|
| Cash from operations | 965M | 38.5% |
| Cash from investing | -49M | 44.3% |
| Cash from financing | 2.15B | 789.4% |
EPS
Financial Highlights for Coinbase in Q4 '24
Coinbase reported a revenue of 2.27B, which is a 88.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 1.64B, marking a 130.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 634M, a 28.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.24B, showing a 19.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1.29B, showing a 1610.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.03B, showing a 763.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Coinbase with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
