FINHUB Insights

COIN · Q3 FY24 · Jul 1 – Sep 30, 2024

Coinbase Q3 FY24: where the revenue came from and where it went

Coinbase Q3 FY24: revenue $1.2B (+79% year over year). Net profit $0.1B. Largest cohort Subscription and Circulation $0.6B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2024
Reported
Oct 30, 2024 10-Q
Sankey diagram of Coinbase's income statement for Q3 FY24: revenue of $1.2 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$1.2B +79% year over year
Operating profit$0.2B 14% margin
Net profit$0.1B 6% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Sep 30, 2024).
ItemValueShare of revenueYear over year
Revenue 1.2 100% +79%
Subscription and Circulation 0.6 50%
Bank Servicing Consumer Net 0.5 42%
Other Revenue 0.1 8% +50%
Bank Servicing Institutional 0.1 8% +293%
Technology and development−0.431%+0pp
General and administrative−0.327%+0pp
Transaction−0.214%+0pp
Sales and marketing−0.214%+0pp
Operating profit0.214% margin+26pp
Interest & other costs−0.1
Net profit0.16%+7pp
Filing on EDGAR More quarters of COIN

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters