Quick Answer
Coinbase Global, Inc. reported R&D Expense of $1.67 billion for fiscal year 2025.
Coinbase Global, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $1.67B | +13.8% |
| 2024 | $1.47B | +10.8% |
| 2023 | $1.32B | -43.1% |
| 2022 | $2.33B | +80.1% |
| 2021 | $1.29B | +375.3% |
| 2020 | $271.73M | +46.8% |
| 2019 | $185.04M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $430.58M | +14.1% | +11.2% |
| June 30, 2025 | $387.32M | +6.3% | +9.0% |
| March 31, 2025 | $355.37M | -0.7% | -5.8% |
| September 30, 2024 | $377.44M | +16.9% | +3.6% |
| June 30, 2024 | $364.26M | +13.6% | +1.8% |
| March 31, 2024 | $357.86M | -0.0% | +10.9% |
| September 30, 2023 | $322.76M | -42.0% | +0.7% |
| June 30, 2023 | $320.67M | -47.4% | -10.4% |
- Coinbase Global, Inc. showed an increase of +13.8% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2025 period, Coinbase Global, Inc.’s r&d expense has grown by 802.8% (from $185.04 million to $1.67 billion).
- The most recent figure is from Coinbase Global, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on February 12, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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