Coinbase reports Q1 revenue $2.0B, net income $66M; acquires Deribit for ~$2.9B

Coinbase Global, Inc.

2025-Q1 EPS reported $0.24 revenue$2,034,295,000

Q1 total revenue $2.0B (down 10% Q/Q), net income $66M, adjusted EBITDA $930M, adjusted net income $527M.
Acquiring Deribit for ~$2.9B ($700M cash + 11M shares); close expected by year-end pending regulatory approvals.
Subscription & services revenue $698M (+9% Q/Q) driven by stablecoin revenue $298M; USDC avg. balances $12.3B.
Q2 outlook: April transaction revenue ~$240M; subscription & services revenue forecast $600-680M.
Ended Q1 with $9.9B USD resources; spot trading volume $393.1B, global derivatives volume $803.6B.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.