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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Coinbase Global's Net Income for the three months ended in Mar. 2024 was $1,176 Mil. Its Net Income for the trailing twelve months (TTM) ended in Mar. 2024 was $1,350 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. Coinbase Global's Earnings per Share (Diluted) for the three months ended in Mar. 2024 was $4.39.
The historical data trend for Coinbase Global's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Coinbase Global Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Net Income | -30.39 | 322.32 | 3,624.12 | -2,624.95 | 94.87 |
Coinbase Global Quarterly Data | ||||||||||||||||||
Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Net Income | Get a 7-Day Free Trial | -78.90 | -97.41 | -2.27 | 273.44 | 1,176.25 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
Coinbase Global's Net Income for the fiscal year that ended in Dec. 2023 is calculated as
Net Income | (A: Dec. 2023 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | -76.845 | + | 171.716 | + | 0 | + | -1.4210854715202E-14 |
= | 95 |
Coinbase Global's Net Income for the quarter that ended in Mar. 2024 is calculated as
Net Income | (Q: Mar. 2024 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 1437.424 | + | -261.179 | + | 0 | + | 0 |
= | 1,176 |
Net Income for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,350 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Coinbase Global (NAS:COIN) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
Coinbase Global's Earnings per Share (Diluted) (EPS) for the quarter that ended in Mar. 2024 is calculated as
Earnings per Share (Diluted) (Q: Mar. 2024 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (1176.245 | - | 0) | / | 267.945 | |
= | 4.39 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of Coinbase Global's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Gokul Rajaram | director | 301 CONGRESS AVENUE, SUITE 700, AUSTIN TX 78701 |
Ehrsam Frederick Ernest Iii | director | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Emilie Choi | officer: President | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Brian Armstrong | director, 10 percent owner, officer: Chairman and CEO | 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Marc L Andreessen | director, 10 percent owner | C/O ARNOLD & PORTER LLP, 3 EMBARCADERO CENTER 7TH FLOOR, SAN FRANCISCO CA 94111 |
Paul Grewal | officer: Chief Legal Officer | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Lawrence J Brock | officer: Chief People Officer | C/O COINBASE GLOBAL, INC., 248 3RD ST #434, OAKLAND CA 94607 |
Alesia J Haas | officer: Chief Financial Officer | 3333 BEVERLY ROAD, HOFFMAN ESTATES IL 60179 |
Kathryn Haun | director | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Jennifer N. Jones | officer: Chief Accounting Officer | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Tobias Lutke | director | C/O SHOPIFY INC., 150 ELGIN ST., 8TH FLOOR, OTTAWA A6 K2P 1L4 |
Surojit Chatterjee | officer: Chief Product Officer | C/O COINBASE GLOBAL, INC., 100 PINE STREET, SUITE 1250, SAN FRANCISCO CA 94111 |
Andreessen Horowitz Lsv Fund I-b, L.p. | 10 percent owner | 2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025 |
Andreessen Horowitz Fund Iii, L.p. | 10 percent owner | 2865 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025 |
Frederick R Wilson | director, 10 percent owner |
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