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Coinbase Global, Inc.

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Key Metrics

Previous Close: $160.20
52-Week Range: $139.11 – $402.16
Market Cap: $45.47B
P/E (TTM): —
EPS (TTM): -4.17
Dividend Yield: —

Advanced Metrics

Price/Book: 3.48
PEG Ratio: 9.09
Return on Equity: -7.85%
Return on Assets: 1.12%
Gross Margin: 85.81%
Operating Margin: -13.92%
Profit Margin: -16.34%
Current Ratio: 2.42
Debt/Equity: 0.51
Total Debt: $6.67B
Free Cash Flow: $2.67B
Revenue Growth: -17.30%
Earnings Growth: —
Enterprise Value: $43.35B

COIN Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$3.19B	$3.11B	$6.56B	$7.18B
Cost of Revenue	$629.88M	$1.14B	$1.66B	$1.82B
Gross Profit	$2.56B	$1.97B	$4.91B	$5.36B
Research & Development	$2.33B	$1.32B	$1.47B	$1.67B
Selling, General & Admin	$2.11B	$691.77M	$1.20B	$1.88B
Operating Expenses	$4.51B	$2.03B	$2.67B	$3.90B
Operating Income	-$1.95B	-$53.74M	$2.24B	$1.46B
EBITDA	-$2.82B	$145.56M	$3.15B	$1.80B
Pretax Income	-$3.06B	-$76.84M	$2.94B	$1.52B
Income Tax	-$439.63M	-$171.72M	$363.58M	$261.74M
Net Income	-$2.62B	$94.87M	$2.58B	$1.26B
Diluted EPS	-11.83	0.37	9.48	4.45
Diluted Shares	222.34M	254.39M	273.38M	287.21M

COIN Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$4.43B	$5.14B	$9.31B	$11.29B
Receivables	$464.82M	$631.09M	$914.95M	$1.73B
Current Assets	$86.45B	$11.36B	$18.11B	$20.39B
Total Assets	$89.72B	$14.75B	$22.54B	$29.67B
Current Liabilities	$80.82B	$5.49B	$7.94B	$8.70B
Long-Term Debt	$3.39B	$2.98B	$4.23B	$5.94B
Total Debt	$3.49B	$2.98B	$4.69B	$7.83B
Total Liabilities	$84.27B	$8.47B	$12.27B	$14.88B
Retained Earnings	$1.73B	$1.82B	$4.96B	$6.22B
Shareholders' Equity	$5.45B	$6.28B	$10.28B	$14.79B
Working Capital	$5.63B	$5.87B	$10.17B	$11.69B

COIN Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$1.59B	$673.38M	$3.10B	$2.43B
Capital Expenditure	-$63.97M	-$63.20M	—	—
Free Cash Flow	-$1.59B	$673.38M	$3.10B	$2.43B
Depreciation & Amortisation	$154.07M	$139.64M	$127.52M	$188.43M
Stock-Based Compensation	$1.57B	$780.67M	$912.84M	$839.44M
Investing Cash Flow	-$663.82M	-$206.18M	-$201.00M	-$2.05B
Financing Cash Flow	-$5.84B	-$838.21M	$2.90B	$740.28M
Share Repurchases	—	$0.00	$0.00	-$790.20M
Net Change in Cash	-$8.09B	-$371.00M	$5.81B	$1.12B

COIN Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$1.50B	$1.87B	$1.78B	$1.41B	$1.22B
Cost of Revenue	$425.33M	$474.50M	$417.86M	$428.60M	$391.45M
Gross Profit	$1.07B	$1.39B	$1.36B	$984.38M	$828.62M
Research & Development	$387.32M	$430.58M	$497.33M	$525.65M	$472.85M
Selling, General & Admin	$409.88M	$457.54M	$568.68M	$410.08M	$395.10M
Operating Expenses	$1.11B	$949.40M	$1.06B	$970.65M	$857.98M
Operating Income	-$33.35M	$444.79M	$304.53M	$13.73M	-$29.36M
EBITDA	$1.88B	$574.00M	-$792.60M	-$374.13M	-$308.49M
Pretax Income	$1.82B	$502.14M	-$886.31M	-$464.70M	-$395.41M
Income Tax	$394.87M	$69.59M	-$219.57M	-$70.59M	-$35.94M
Net Income	$1.43B	$432.55M	-$666.73M	-$394.12M	-$359.47M
Diluted EPS	5.14	1.50	-2.49	-1.49	-1.36
Diluted Shares	278.91M	291.96M	268.27M	264.77M	263.41M

COIN Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$7.54B	$8.68B	$11.29B	$10.21B	$8.61B
Receivables	$1.14B	$1.30B	$1.73B	$1.81B	$1.99B
Current Assets	$17.49B	$22.09B	$20.39B	$19.68B	$17.49B
Total Assets	$23.48B	$31.35B	$29.67B	$28.85B	$26.46B
Current Liabilities	$8.23B	$9.19B	$8.70B	$9.19B	$7.22B
Long-Term Debt	$2.97B	$5.93B	$5.94B	$5.94B	$5.94B
Total Debt	$4.41B	$7.37B	$7.83B	$7.96B	$6.67B
Total Liabilities	$11.38B	$15.33B	$14.88B	$15.37B	$13.38B
Retained Earnings	$6.46B	$6.89B	$6.22B	$5.83B	$5.47B
Shareholders' Equity	$12.09B	$16.02B	$14.79B	$13.48B	$13.08B
Working Capital	$9.26B	$12.90B	$11.69B	$10.49B	$10.27B

COIN Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$240.08M	-$1.73B	$3.07B	$182.74M	$197.31M
Free Cash Flow	$240.08M	-$1.73B	$3.07B	$182.74M	$197.31M
Depreciation & Amortisation	$33.90M	$50.08M	$71.12M	$68.01M	$64.40M
Stock-Based Compensation	$196.16M	$222.07M	$230.48M	$248.06M	$238.34M
Investing Cash Flow	-$687.49M	-$839.55M	-$397.17M	-$239.06M	-$261.49M
Financing Cash Flow	-$404.95M	$3.21B	-$1.16B	-$864.91M	-$2.71B
Share Repurchases	$0.00	—	—	-$1.06B	-$181.25M
Net Change in Cash	-$852.36M	$636.86M	$1.51B	-$921.23M	-$2.77B

Market Snapshot

About

Coinbase Global, Inc. is a cryptocurrency exchange and financial services platform that provides infrastructure for the cryptoeconomy. Headquartered in San Francisco, California, the company operates one of the largest cryptocurrency trading platforms in the United States, supporting over 200 digital assets. Coinbase offers retail and institutional customers the ability to buy, sell, store, and earn cryptocurrencies, as well as providing blockchain infrastructure services to developers and businesses. The company generates revenue primarily through transaction fees and subscription services across its retail, institutional, and ecosystem platforms.