Coinbase Global, Inc. (COIN)
Coinbase Global, Inc. operates platform for crypto assets in the United States and internationally. It provides the primary financial account in the crypto economy for consumers; a brokerage platform with a pool of liquidity across the crypto marketplace for institutions; and a suite of products granting access to build onchain for developers. The company was founded in 2012 and is based in New York, New York.
- Symbol
- COIN
- Exchange
- Nasdaq
- Sector
- Financial Services
- Industry
- Financial Data & Stock Exchanges
- Market cap
- $49.32B
- 52 week range
- 139.11 - 402.16
Valuation
- Share price
- $189.29 (close of 2026-10-01)
- P/E (TTM)
- -48.44x
- Price to book
- 3.77x
- Price to free cash flow
- 28.78x
- Enterprise value
- $47.37B
- Book value per share
- $49.59
Price performance
| Period | Change |
|---|---|
| 1 day | +1.54% |
| 5 days | -4.98% |
| 1 month | +7.05% |
| 3 months | +18.87% |
| 6 months | +9.42% |
| Year to date | -16.30% |
| 1 year | -45.32% |
| 3 years | +152.11% |
| 5 years | -18.11% |
| All time | -42.34% |
Members of Congress who disclosed COIN trades
Gilbert Ray Cisneros · Jefferson Shreve · Tim Moore · Alan Armstrong · Robert Bresnahan
Super investors holding COIN
Samantha McLemore (Patient Capital Management, LLC)
Profitability and growth
- Return on equity
- 8.52%
- Return on invested capital
- 10.35%
- Return on assets
- 4.25%
- Return on capital employed
- 6.85%
- Gross margin
- 80.55%
- Net margin
- 17.55%
- EBITDA margin
- 22.61%
- Revenue growth
- 9.40%
- Net income growth
- -51.13%
- Free cash flow growth
- -21.83%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- 3.47%
- Current ratio
- 2.42x
- Net debt to EBITDA
- 2.16x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $7.18B
- Cost of revenue
- $1.40B
- Gross profit
- $5.78B
- EBITDA
- $1.62B
- Net income
- $1.26B
- Earnings per share
- $4.85
- Research and development
- $1.67B
- Shares outstanding
- 260.09M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|---|---|---|---|
| 2025-12-31 | $7.18B | $5.78B | $1.26B | $4.85 |
| 2024-12-31 | $6.56B | $5.73B | $2.58B | $10.42 |
| 2023-12-31 | $3.11B | $2.57B | $94.87M | $0.40 |
| 2022-12-31 | $3.19B | $1.73B | -$2.62B | $-11.81 |
| 2021-12-31 | $7.84B | $5.94B | $3.62B | $17.47 |
| 2020-12-31 | $1.28B | $1.02B | $322.32M | $1.58 |
| 2019-12-31 | $533.74M | $395.34M | -$30.39M | $-0.50 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|---|---|---|---|
| 2025-12-31 | 80.55% | 17.55% | 8.52% | 10.35% |
| 2024-12-31 | 87.30% | 39.29% | 25.10% | 34.32% |
| 2023-12-31 | 82.66% | 3.05% | 1.51% | -2.14% |
| 2022-12-31 | 54.06% | -82.18% | -48.12% | -50.24% |
| 2021-12-31 | 75.79% | 46.23% | 56.79% | 111.09% |
| 2020-12-31 | 79.64% | 25.23% | 33.45% | 3385.92% |
| 2019-12-31 | 74.07% | -5.69% | -6.11% | - |
Cash and debt by year
| Period end | Cash | Debt |
|---|---|---|
| 2025-12-31 | $11.29B | $5.94B |
| 2024-12-31 | $9.31B | $4.23B |
| 2023-12-31 | $5.49B | $2.98B |
| 2022-12-31 | $4.43B | $3.39B |
| 2021-12-31 | $7.12B | $3.38B |
| 2020-12-31 | $1.06B | - |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|---|---|
| 2025-12-31 | $2.43B | $839.44M |
| 2024-12-31 | $3.10B | $912.84M |
| 2023-12-31 | $673.38M | $780.67M |
| 2022-12-31 | -$1.59B | $1.57B |
| 2021-12-31 | $4.04B | $820.68M |
| 2020-12-31 | $283.63M | $70.55M |
| 2019-12-31 | -$114.11M | $31.15M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-10-29
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|---|---|
| 2026-07-30 | Jun/2026 | $0.14 |
| 2026-05-07 | - | - |
| 2026-02-12 | - | - |
| 2025-10-30 | - | - |
| 2025-07-31 | - | - |
| 2025-05-08 | - | - |
| 2025-02-13 | - | - |
| 2024-10-31 | - | - |
Filings and sources
- Company website
- coinbase.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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Understanding these figures
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