Coinbase vs Robinhood — Operating Cash Flow Comparison

Coinbase (COIN) operating cash flow was $2.4B in FY2025 (-22% YoY); Robinhood (HOOD) operating cash flow was $1.6B in FY2025 (+1143% YoY). The tables below show the complete quarterly and annual operating cash flow history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	Coinbase	Robinhood
2025	$2.4B	$1.6B
2024	$3.1B	-$157M
2023	$673M	$1.2B
2022	-$1.6B	-$852M
2021	$4.0B	-$885M
2020	$294M	$1.9B
2019	-$81M	$1.3B

Coinbase — Annual Operating Cash Flow

Fiscal Year	Operating Cash Flow	YoY
2025	$2.4B	-22%
2024	$3.1B	+361%
2023	$673M	+142%
2022	-$1.6B	-139%
2021	$4.0B	+1276%
2020	$294M	+464%
2019	-$81M

Robinhood — Annual Operating Cash Flow

Fiscal Year	Operating Cash Flow	YoY
2025	$1.6B	+1143%
2024	-$157M	-113%
2023	$1.2B	+239%
2022	-$852M	+4%
2021	-$885M	-147%
2020	$1.9B	+49%
2019	$1.3B

Source: COIN on EDGAR · HOOD on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.