Sunday 11 October 2026
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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. In the quarter to June 2026, revenue fell 18.5%, EPS fell 124.3%, free cash flow grew 128.5% and total debt rose 154.3%, each against the same quarter a year earlier. Member of the S&P 500.
179.39
7.39
+4.30%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | 208.00 | 31.83 | 31.55 | 114.51 | 142.58 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | 429.54 | 261.63 | 187.39 | 349.75 | 444.65 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | 1,249 | 3,730 | 4,510 | 3,416 | 3,772 | 4,951 | ||||
| Revenue/emp, $m | — | — | — | 0.00 | 1.02 | 2.10 | 0.71 | 0.91 | 1.74 | 1.45 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | 534 | 1,277 | 7,839 | 3,194 | 3,108 | 6,564 | 7,181 | ||||
| Gross margin, % | — | — | — | 84.63 | 89.39 | 83.83 | 80.28 | 86.47 | 86.32 | 85.79 | |||||
| EBT | — | — | — | (45) | 409 | 3,027 | (3,065) | (77) | 2,943 | 1,522 | |||||
| EBT margin, % | — | — | — | (8.51) | 32.03 | 38.61 | (95.94) | (2.47) | 44.83 | 21.19 | |||||
| Net income | — | 0 | — | (30) | 322 | 3,624 | (2,625) | 95 | 2,579 | 1,260 | |||||
| Depreciation | — | — | — | 17 | 31 | 64 | 154 | 140 | 128 | 188 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | 8.70 | 18.60 | 44.21 | 14.37 | 13.18 | 26.53 | 27.61 | ||||
| Earnings | — | — | — | (0.50) | 4.69 | 17.47 | (11.81) | 0.40 | 10.42 | 4.85 | |||||
| Cash flow | — | — | — | (1.31) | 4.27 | 22.77 | (7.13) | 2.86 | 12.55 | 9.33 | |||||
| Capex | — | — | — | (1.50) | 0.89 | (2.92) | (2.21) | 0.52 | 0.23 | (2.00) | |||||
| Free cash flow | — | — | — | (2.82) | 5.16 | 19.85 | (9.34) | 3.38 | 12.78 | 7.32 | |||||
| Book value | — | — | — | 17.32 | 22.22 | 35.99 | 24.54 | 26.64 | 41.54 | 56.88 | |||||
| Shares, m | — | — | — | 61 | 69 | 177 | 222 | 236 | 247 | 260 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | 40.95 | 40.95 | 14.51 | 0.00 | 424.00 | 23.83 | 45.05 | ||||
| P/S | — | — | — | 9.02 | 9.02 | 5.71 | 2.34 | 11.90 | 9.36 | 8.19 | |||||
| P/B | — | — | — | 11.31 | 11.31 | 7.01 | 1.37 | 5.89 | 5.98 | 3.98 | |||||
| EV/Sales | — | — | — | 10.48 | 10.48 | 6.55 | 3.25 | 12.48 | 9.53 | 8.34 | |||||
| EV/FCF | — | — | — | 5.07 | 5.07 | 14.59 | (5.00) | 58.10 | 21.06 | 37.30 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | (81) | 294 | 4,038 | (1,585) | 673 | 3,104 | 2,426 | ||||
| Capex | — | — | — | (92) | 61 | (518) | (492) | 123 | 57 | (521) | |||||
| Free cash flow | — | — | — | (173) | 354 | 3,520 | (2,077) | 797 | 3,161 | 1,905 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | 764 | 887 | 6,955 | 5,633 | 5,872 | 10,171 | 11,687 | ||||
| Total debt | — | — | — | 1,107 | 3,849 | 13,865 | 8,223 | 7,551 | 10,767 | 13,006 | |||||
| Net debt | — | — | — | 435 | 2,708 | 6,611 | 2,911 | 1,812 | 1,112 | 1,077 | |||||
| Shareholders’ equity | — | — | — | 1,062 | 1,526 | 6,382 | 5,455 | 6,282 | 10,277 | 14,793 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | (1.27) | 7.82 | 26.72 | (4.73) | 0.18 | 13.83 | 4.83 | ||||
| ROIC | — | — | — | (1.91) | 6.04 | 14.80 | (20.25) | (1.25) | 12.66 | 5.65 | |||||
| ROE | — | — | — | (6.11) | 44.13 | 98.68 | (44.35) | 1.62 | 31.15 | 10.05 | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
Coinbase Global, Inc. vs peers in Financial Data & Stock Exchanges (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SPGI S&P Global Inc. | $118.7B | 24.9× | 25.0× | +10.41% (above 0%: growing) | +16.57% (above 0%: growing) | +1.23% (above 0%: growing) | 71.90% | 43.70% | Compare |
| CME CME Group Inc. | $99.4B | 23.6× | 21.7× | +0.84% (above 0%: growing) | +2.85% (above 0%: growing) | −11.21% (below 0%: shrinking) | 100.00% | 64.89% | Compare |
| ICE Intercontinental Exchange Inc. | $87.2B | 21.9× | 19.9× | +4.84% (above 0%: growing) | +14.09% (above 0%: growing) | +29.65% (above 0%: growing) | 98.61% | 52.18% | Compare |
| MCO Moody's Corporation | $79.5B | 29.3× | 28.7× | +15.12% (above 0%: growing) | +56.52% (above 0%: growing) | +47.01% (above 0%: growing) | 76.29% | 47.87% | Compare |
| NDAQ Nasdaq, Inc. | $51.6B | 27.0× | 26.1× | +20.51% (above 0%: growing) | +13.92% (above 0%: growing) | −7.71% (below 0%: shrinking) | 59.24% | 28.12% | Compare |
| COIN Coinbase Global, Inc. | $45.4B | — (loss-making) | 359× | −18.51% (below 0%: shrinking) | n/m | +128.50% (above 0%: growing) | 84.44% | (9.30%) | |
| MSCI MSCI Inc | $40.8B | 30.8× | 30.8× | +12.20% (above 0%: growing) | +19.90% (above 0%: growing) | +8.19% (above 0%: growing) | 82.71% | 56.23% | Compare |
| CBOE Cboe Global Markets, Inc. | $30.7B | 23.6× | — | +22.95% (above 0%: growing) | +50.67% (above 0%: growing) | −270.85% (below 0%: shrinking) | 50.71% | 32.99% | Compare |
| TRU TransUnion | $12.4B | 17.1× | 17.1× | +14.91% (above 0%: growing) | +33.93% (above 0%: growing) | +42.65% (above 0%: growing) | 58.41% | 19.70% | Compare |
| Median of peers | $65.5B | 24.3× | 25.0× | +13.56% | +18.24% | +4.71% | 74.10% | 45.79% |
COIN metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
Coinbase Global, Inc. (COIN) key facts
- Strength: Coinbase Global, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.2 billion, up 9.40% from fiscal 2024.
- Coinbase Global, Inc. (COIN) is a Financial Data & Stock Exchanges company in the Financial sector, listed on Nasdaq.
- As of October 9, 2026, COIN traded at $179.39, a market capitalization of $45.4 billion.
- Return on equity was 10.1% and debt-to-equity 0.82.
- Its Piotroski F-score is 4 out of 9 for fiscal 2025.