Coinbase (Nasdaq: COIN) ended the third quarter of 2025 with $1.50 in earnings per share, beating Wall Avenue’s expectation of $1.05 by 45 per cent. The crypto change’s quarterly income got here in at $1.86 billion, increased than the estimated $1.8 billion.
Income for the corporate between July and September jumped by 25 per cent in contrast with the earlier quarter.
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A Increase in Buying and selling Actions
Transaction income at $1 billion dominated the overall determine, together with subscription and companies income of $747 million. The change additional earned $355 million in stablecoin income.
Income was notably fuelled by a rise in buying and selling quantity, which rose 38 per cent quarter-over-quarter. Spot quantity within the US alone additionally jumped 29 per cent.
The web revenue of the San Francisco-based crypto big for the three months got here in at $433 million, with an adjusted EBITDA of $801 million.
“It was one other nice quarter for Coinbase,” Coinbase’s Co-founder and CEO, Brian Armstrong, stated within the earnings name. “Financially, Coinbase’s core enterprise is extremely sturdy, and we’re very properly positioned for the alternatives forward of us.”
Lengthy-Time period Investments Paid Off
The change additionally has a robust steadiness sheet and funding portfolio. It ended the quarter with $11.9 billion in USD sources and one other $2.6 billion in long-term crypto investments. Its Bitcoin-only funding portfolio additionally grew by $299 million.
The corporate now holds complete property of over $31 billion and liabilities exceeding $15 billion.
In the meantime, Coinbase is increasing its market presence, each when it comes to merchandise and geographies, with new investments. It lately agreed to accumulate Echo in a $375 million deal, together with one other funding in Indian crypto change CoinDCX. Moreover, it has accomplished the acquisition of Deribit, a serious crypto choices venue.
“Deribit is already the market chief in choices,” stated Coinbase’s CFO, Alesia Haas. “They’ve over 75 per cent market share for choices. Notably, that is all non-US, and so there are paths to develop the marketplace for choices within the US.”
This text was written by Arnab Shome at www.financemagnates.com.
