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Coinbase Global, Inc. R&D Expense 2019-2026 | COIN

Annual FY2019–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$1.67B

+13.8%YoY vs FY2024Source: 10-KFY2025

From $185.0M in FY2019 to $1.67B in FY2025: 9.0× in 6 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$526M+47.9%Not reportedNot reportedNot reported
FY25$355M−0.7%$387M+6.3%$431M+14.1%$497M+34.9%
FY24$358M0.0%$364M+13.6%$377M+16.9%$369M+14.1%
FY23$358M−37.3%$321M−47.4%$323M−42.0%$323M−45.2%
FY22$571M+209.8%$609M+109.0%$556M+56.2%$590M+28.4%
Share21%24%26%29%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionGrowing
CAGR

+43.8%

FY2020
$271.7M
FY2025
$1.67B

5 years selected · on the chart

R&D Expense History

Year-over-year comparison from 10-K annual reports

  1. $1.67B
YoY changeLargest recent move+375.3%in FY21Latest +13.8%

1 older move runs past ±150% (largest +375.3%); point at, tap or drag across the bars to read one.

R&D Expense, period by period

PeriodValueChangeSource
FY2025$1.67B+13.8%10-K
FY2024$1.47B+10.8%10-K
FY2023$1.32B−43.1%10-K
FY2022$2.33B+80.1%10-K
FY2021$1.29B+375.3%10-K
FY2020$271.7M+46.8%10-K
FY2019$185.0M—10-K

What is r&d expense?

Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.

What is Coinbase Global, Inc.'s current r&d expense?

Coinbase Global, Inc. (COIN) annual r&d expense for 2025 was $1.67B, a 13.78% increase from 2024. Coinbase Global, Inc. r&d expense for the quarter ending March 31, 2026 was $525.6M.

What was Coinbase Global, Inc.'s r&d expense in 2024?

Coinbase Global, Inc. annual r&d expense for 2024 was $1.47B, a 10.85% increase from 2023.

What was Coinbase Global, Inc.'s r&d expense in 2023?

Coinbase Global, Inc. annual r&d expense for 2023 was $1.32B, a 43.06% decline from 2022.

What is Coinbase Global, Inc.'s 5-year r&d expense CAGR?

Coinbase Global, Inc. r&d expense grew at a compound annual growth rate (CAGR) of 43.80% from FY2020 to FY2025, going from $271.7M to $1.67B over 5 years.

Company
Coinbase Global, Inc.
Ticker
COIN
Sector
Other
Industry
Finance Services