C
Coinbase Global, Inc.
COIN · NASDAQ · USD
Financials
StatisticsIncome statementBalance sheetCash flowDividendsSegments
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market cap | $60,980 | $62,162 | $41,610 | $8,032 | $54,311 | – | – |
| Enterprise value | $57,217 | $57,483 | $38,729 | $6,236 | $50,599 | – | – |
| P/E (TTM) at period end | 48.38× | 24.11× | 439.14× | – | 17.54× | – | – |
| P/S (TTM) at period end | 8.49× | 9.47× | 13.39× | 2.51× | 6.93× | – | – |
| P/B at period end | 4.12× | 6.05× | 6.62× | 1.47× | 8.51× | – | – |
| EV / EBITDA (TTM) | 35.23× | 23.61× | – | – | 16.11× | – | – |
| EV / Sales (TTM) | 7.97× | 8.76× | 12.46× | 1.95× | 6.45× | – | – |
| Returns | |||||||
| Return on equity | 8.5% | 25.1% | 1.5% | (48.1%) | 48.5% | 11.2% | (6.1%) |
| Return on invested capital | 10.5% | 36.1% | – | (51.4%) | 111.1% | 114.7% | (39.0%) |
| Dividend yield | – | – | – | – | – | – | – |
| Financial health | |||||||
| Current ratio | 2.34× | 2.28× | 2.07× | 1.07× | 1.61× | 1.21× | 1.62× |
| Debt / equity | 0.49× | 0.41× | 0.47× | 0.63× | 0.53× | 0.28× | – |
| Effective tax rate | 17.2% | 12.4% | 223.5% | 14.3% | (19.7%) | 21.2% | 33.1% |
| Share count | |||||||
| Diluted shares outstanding | 287 | 273 | 254 | 222 | 220 | 91 | 61 |
StatisticsIncome statementBalance sheetCash flowDividendsSegments
| Line item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue and gross profit | ||||||||
| Revenue | $6,283 | $7,181 | $6,564 | $3,108 | $3,194 | $7,839 | $1,277 | $534 |
| Cost of revenue | – | ($1,821) | ($1,658) | ($1,136) | ($630) | ($1,739) | ($136) | ($82) |
| Gross profit | – | $5,360 | $4,906 | $1,973 | $2,564 | $6,101 | $1,142 | $452 |
| Operating expenses | ||||||||
| Research and development | ($1,926) | ($1,671) | ($1,468) | ($1,325) | ($2,326) | ($1,292) | ($272) | ($185) |
| Selling, general and administrative | ($1,605) | ($1,620) | ($1,300) | ($1,074) | ($1,601) | ($909) | ($280) | ($232) |
| Total operating expenses | ($4,343) | ($3,925) | ($2,599) | ($2,134) | ($5,275) | ($3,024) | ($733) | ($497) |
| Total costs and expenses | ($5,663) | ($5,746) | ($4,257) | ($3,270) | ($5,904) | ($4,763) | ($869) | ($580) |
| Operating income | $619 | $1,435 | $2,307 | ($162) | ($2,710) | $3,077 | $409 | ($46) |
| Earnings | ||||||||
| EBITDA | $873 | $1,624 | $2,435 | ($22) | ($2,556) | $3,140 | $440 | ($29) |
| Interest income | $259 | $247 | $266 | $187 | $82 | $16 | $6 | $14 |
| Interest expense | ($89) | ($85) | ($81) | ($83) | ($89) | ($29) | – | – |
| Pre-tax income | ($1,244) | $1,522 | $2,943 | ($77) | ($3,065) | $3,027 | $409 | ($45) |
| Income tax expense | $257 | ($262) | ($364) | $172 | $440 | $597 | ($87) | $15 |
| Net income | ($988) | $1,260 | $2,579 | $95 | ($2,625) | $3,624 | $322 | ($30) |
| Per share | ||||||||
| Diluted EPS (GAAP) | ($3.84) | $4.45 | $9.48 | $0.37 | ($11.83) | $14.50 | $1.40 | ($0.50) |
| Basic EPS (GAAP) | ($3.69) | $4.85 | $10.42 | $0.40 | ($11.81) | $17.47 | $1.58 | ($0.50) |
| Basic shares outstanding | 265 | 260 | 247 | 236 | 222 | 177 | 69 | 61 |
| Margins | ||||||||
| Gross margin | – | 74.6% | 74.7% | 63.5% | 80.3% | 77.8% | 89.4% | 84.6% |
| Operating margin | 9.9% | 20.0% | 35.1% | (5.2%) | (84.8%) | 39.2% | 32.0% | (8.6%) |
| Net margin | (15.7%) | 17.6% | 39.3% | 3.1% | (82.2%) | 46.2% | 25.2% | (5.7%) |