Coinbase Global, Inc.

COIN Financial Financial Data & Stock Exchanges

Coinbase Global, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, up 9.40% from fiscal 2024.

Revenue
−35.0%
EPS
+64.9%
Free cash flow
−45.5%
Total debt
+55.0%

Quarter to September 2026, against a year earlier

134.66 2.16 −1.58%
Market cap
$36.2B
P/E
0.0×
Fwd P/E
−1,104×
Dividend yield
—
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Coinbase Global, Inc. (COIN) valuation and DCF model

What the price implies · reverse DCF

Coinbase Global, Inc. is not valued here: a bank or insurer is valued on its dividend, and it pays none.

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Financial Data & Stock Exchanges).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E — 104.37× 76.18× — 24.85× —
P/FCF 46.46× 34.36× 20.20× 130% above 20.23× 130% above
P/B 2.63× 3.97× 6.77× 61% below 4.56× 42% below
EV/EBITDA — 23.38× 22.76× — 3.38× —
EV/Sales — 8.02× 8.86× — 3.90× —
2.59×5.24×7.89×10.55×10Y avg 6.77×2020202020212021202220222023202420252026

COIN trades at 2.63× P/B, against a 10-year average of 6.77× (range 1.37×–11.31×). That is cheaper than 89% of the last 9 year-end readings; re-rating to the average implies $347.19 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.