Coinbase (COIN) r&d spend was $1.7B in FY2025 (+14% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual R&D Spend
Fiscal Year
R&D Spend
YoY
2025
$1.7B
+14%
2024
$1.5B
+11%
2023
$1.3B
-43%
2022
$2.3B
+80%
2021
$1.3B
+375%
2020
$272M
+47%
2019
$185M
Recent Quarterly R&D Spend
Quarter
R&D Spend
Q1 2026
$526M
Q4 2025
$497M
Q3 2025
$431M
Q2 2025
$387M
Q1 2025
$355M
Q4 2024
$369M
Q3 2024
$377M
Q2 2024
$364M
Q1 2024
$358M
Q4 2023
$323M
Q3 2023
$323M
Q2 2023
$321M
Source: COIN on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.