Company / SG&A Expense
Coinbase SG&A Expense History
FY2019-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest SG&A Expense
$1.6B
FY2025
5-year range
$909.4M / $1.6B
FY2021-FY2025
Trend
+24.6%
vs FY2024
Sector context
#22 of 131
Financials
What the data says
Coinbase's sg&a expense of $1.6B is higher than 83% of companies in the Financials sector (FY2025). Increased from $1.1B to $1.6B over the past 2 years.
Based on SEC 10-K filings.
$1.6B in FY2025 with a 5-year CAGR of +42.1%. Top quartile in the Financials sector.
Increased from $1.1B to $1.6B over the past 2 years.
Financials sector context is included.
SG&A Expense over time
Growth rates
- 3-Year CAGR
- +0.4%
- 5-Year CAGR
- +42.1%
- 10-Year CAGR
- -
Sector benchmark
Bottom 17% in FinancialsTop 83% of 131This company $1.6B Sector average $902.0M
▼
+79.6% above sector average
Key checks
Key Insights
- 5-year CAGR of +42.1%, indicating consistent growth.
- In FY2025, sg&a expense increased 24.6% year-over-year.
- Ranks #22 out of 131 companies in the Financials sector.
- Lowest sg&a expense in the period was in FY2019.
Company context
Key Data Points
- Strong profit margin: 41.9%
- High earnings quality (cash-backed earnings)
- Strong return on equity: 20.1%
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | SG&A ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $1.6B | +24.6% |
| FY2024 | $1.3B | +21.0% |
| FY2023 | $1.1B | -32.9% |
| FY2022 | $1.6B | +76.0% |
| FY2021 | $909.4M | +224.9% |
| FY2020 | $279.9M | +20.7% |
| FY2019 | $231.9M | - |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026