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Coinbase Global (COIN) Financials

Coinbase Global logo
$176.58 +1.08 (+0.62%)
As of 04:00 PM Eastern
Annual Income Statements for Coinbase Global

Annual Income Statements for Coinbase Global

This table shows Coinbase Global's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
-30 322 3,624 -2,625 95 2,578
Consolidated Net Income / (Loss)
-30 322 3,624 -2,625 95 2,579
Net Income / (Loss) Continuing Operations
-30 322 3,624 -2,625 95 2,579
Total Pre-Tax Income
-45 409 3,027 -3,065 -77 2,943
Total Operating Income
-46 409 3,077 -2,710 -162 2,307
Total Gross Profit
534 1,277 7,839 3,194 3,108 6,564
Total Revenue
534 1,277 7,839 3,194 3,108 6,564
Operating Revenue
534 1,277 7,839 3,194 3,108 6,564
Total Cost of Revenue
0.00 0.00 0.00 0.00 0.00 0.00
Total Operating Expenses
580 869 4,763 5,904 3,270 4,257
Selling, General & Admin Expense
232 280 909 1,601 1,074 1,300
Marketing Expense
24 57 664 510 332 654
Research & Development Expense
185 272 1,292 2,326 1,325 1,468
Other Operating Expenses / (Income)
128 260 1,745 704 431 834
Impairment Charge
- - 153 722 -35 0.00
Restructuring Charge
10 0.00 0.00 41 143 0.00
Total Other Income / (Expense), net
0.37 0.25 -50 -354 85 635
Interest Expense
- 0.00 29 89 83 81
Interest & Investment Income
- - - 0.00 0.00 687
Other Income / (Expense), net
0.37 0.25 -20 -265 168 29
Income Tax Expense
-15 87 -597 -440 -172 364
Basic Earnings per Share
($0.50) $1.58 $17.47 ($11.81) $0.40 $10.42
Weighted Average Basic Shares Outstanding
61.32M 68.67M 177.32M 222.31M 235.80M 247.37M
Diluted Earnings per Share
($0.50) $1.40 $14.50 ($11.83) $0.37 $9.48
Weighted Average Diluted Shares Outstanding
61.32M 91.21M 219.97M 222.34M 254.39M 273.38M
Weighted Average Basic & Diluted Shares Outstanding
- - 219.48M 231.47M 242.28M 253.88M

Quarterly Income Statements for Coinbase Global

This table shows Coinbase Global's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Income / (Loss) Attributable to Common Shareholders
-545 -557 -79 -97 -2.27 273 1,175 36 75 1,291
Consolidated Net Income / (Loss)
-545 -557 -79 -97 -2.27 273 1,176 36 75 1,291
Net Income / (Loss) Continuing Operations
-545 -557 -79 -97 -2.27 273 1,176 36 75 1,291
Total Pre-Tax Income
-644 -571 -166 -79 35 133 1,437 -60 69 1,497
Total Operating Income
-556 -555 -124 -74 -80 116 760 343 170 1,034
Total Gross Profit
590 629 773 708 674 954 1,638 1,450 1,205 2,272
Total Revenue
590 629 773 708 674 954 1,638 1,450 1,205 2,272
Operating Revenue
590 629 773 708 674 954 1,638 1,450 1,205 2,272
Total Operating Expenses
1,147 1,184 896 781 754 838 877 1,107 1,036 1,238
Selling, General & Admin Expense
339 378 249 259 253 314 287 320 330 363
Marketing Expense
76 93 64 84 78 106 99 165 165 226
Research & Development Expense
556 590 358 321 323 323 358 364 377 369
Other Operating Expenses / (Income)
165 -586 63 127 94 147 133 257 163 281
Total Other Income / (Expense), net
-87 -16 -42 -5.11 114 17 677 -403 -101 463
Interest Expense
22 22 22 22 21 19 19 21 21 21
Interest & Investment Income
- - - 0.00 0.00 - 650 -319 -121 476
Other Income / (Expense), net
-66 5.59 -20 17 135 36 46 -64 40 7.19
Income Tax Expense
-99 -14 -87 19 37 -141 261 -96 -6.91 206
Basic Earnings per Share
($2.43) ($2.45) ($0.34) ($0.42) ($0.01) $1.17 $4.84 $0.15 $0.30 $5.13
Weighted Average Basic Shares Outstanding
223.92M 222.31M 231.49M 234.61M 237.27M 235.80M 242.79M 246.30M 248.83M 247.37M
Diluted Earnings per Share
($2.43) ($2.44) ($0.34) ($0.42) ($0.01) $1.14 $4.40 $0.14 $0.28 $4.66
Weighted Average Diluted Shares Outstanding
223.92M 222.34M 231.49M 234.64M 237.27M 254.39M 267.95M 266.83M 267.44M 273.38M
Weighted Average Basic & Diluted Shares Outstanding
226.97M 231.47M 234.56M 237.18M 239.25M 242.28M 245.57M 248.48M 250.35M 253.88M

Annual Cash Flow Statements for Coinbase Global

This table details how cash moves in and out of Coinbase Global's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024
Net Change in Cash & Equivalents
-203 3,074 12,890 -8,088 117 5,103
Net Cash From Operating Activities
-81 294 4,038 -1,585 923 2,557
Net Cash From Continuing Operating Activities
-81 294 4,038 -1,585 923 2,557
Net Income / (Loss) Continuing Operations
-30 322 3,624 -2,625 95 2,579
Consolidated Net Income / (Loss)
-30 322 3,624 -2,625 95 2,579
Depreciation Expense
17 31 64 154 140 128
Non-Cash Adjustments To Reconcile Net Income
-41 71 762 2,300 481 173
Changes in Operating Assets and Liabilities, net
-26 -131 -411 -1,415 207 -323
Net Cash From Investing Activities
-105 51 -1,125 -664 5.39 -282
Net Cash From Continuing Investing Activities
-105 51 -1,125 -664 5.39 -282
Acquisitions
-5.70 34 -71 -186 -31 0.00
Other Investing Activities, net
1.48 46 -644 -478 36 -282
Net Cash From Financing Activities
-17 2,729 9,976 -5,839 -811 2,829
Net Cash From Continuing Financing Activities
-17 2,729 9,976 -5,839 -811 2,829
Repayment of Debt
- 0.00 0.43 -167 -339 16
Issuance of Debt
0.00 0.00 3,400 191 32 1,246
Other Financing Activities, net
4.35 2,731 6,556 -5,863 -504 1,566

Quarterly Cash Flow Statements for Coinbase Global

This table details how cash moves in and out of Coinbase Global's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Net Change in Cash & Equivalents
-1,015 -2,404 897 -1,438 -350 1,008 2,214 -468 297 3,061
Net Cash From Operating Activities
-397 -745 463 151 314 -5.19 411 484 697 965
Net Cash From Continuing Operating Activities
-397 -745 463 151 314 -5.19 411 484 697 965
Net Income / (Loss) Continuing Operations
-545 -557 -79 -97 -2.27 273 1,176 36 75 1,291
Consolidated Net Income / (Loss)
-545 -557 -79 -97 -2.27 273 1,176 36 75 1,291
Depreciation Expense
40 40 41 37 32 29 29 35 31 33
Non-Cash Adjustments To Reconcile Net Income
465 568 288 140 106 -53 -513 574 373 -260
Changes in Operating Assets and Liabilities, net
-360 -789 213 71 178 -255 -281 -160 217 -99
Net Cash From Investing Activities
-19 -26 -26 13 -72 91 -126 -19 -89 -49
Net Cash From Continuing Investing Activities
-19 -26 -26 13 -72 91 -126 -19 -89 -49
Other Investing Activities, net
7.49 -134 -26 13 -72 121 -126 -19 -89 -49
Net Cash From Financing Activities
-598 -1,633 460 -1,602 -592 923 1,928 -934 -311 2,146
Net Cash From Continuing Financing Activities
-598 -1,633 460 -1,602 -592 923 1,928 -934 -311 2,146
Repayment of Debt
- -0.23 -20 -36 -172 -110 0.00 7.45 5.82 3.16
Other Financing Activities, net
-603 -1,658 476 -1,561 -420 1,002 676 -936 -317 2,143

Annual Balance Sheets for Coinbase Global

This table presents Coinbase Global's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024
Total Assets
5,855 21,274 89,725 14,754 22,542
Total Current Assets
5,134 18,374 86,448 11,357 18,113
Cash & Equivalents
1,062 7,123 4,425 5,139 8,544
Restricted Cash
3,794 31 26 23 39
Accounts Receivable
- - - 362 741
Other Current Assets
49 10,718 81,315 5,759 8,707
Other Current Nonoperating Assets
- - - 74 83
Plant, Property, & Equipment, net
49 59 172 193 200
Total Noncurrent Assets
672 2,841 3,105 3,205 4,229
Goodwill
77 626 1,074 1,140 1,140
Intangible Assets
61 177 135 86 47
Noncurrent Deferred & Refundable Income Taxes
- - 1,047 1,272 941
Other Noncurrent Operating Assets
534 2,039 849 706 2,101
Total Liabilities & Shareholders' Equity
5,855 21,274 89,725 14,754 22,542
Total Liabilities
4,329 14,893 84,270 8,472 12,265
Total Current Liabilities
4,247 11,419 80,815 5,485 7,941
Accounts Payable
12 40 56 39 63
Accrued Expenses
89 440 331 457 627
Other Current Liabilities
4,146 10,940 80,428 4,989 7,251
Total Noncurrent Liabilities
83 3,474 3,455 2,987 4,324
Long-Term Debt
0.00 3,385 3,393 2,980 4,234
Other Noncurrent Operating Liabilities
83 89 62 7.22 90
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
964 6,382 5,455 6,282 10,277
Total Preferred & Common Equity
964 6,382 5,455 6,282 10,277
Preferred Stock
- - 0.00 0.00 0.00
Total Common Equity
964 6,382 5,455 6,282 10,277
Common Stock
231 2,035 3,768 4,492 5,366
Retained Earnings
726 4,350 1,725 1,820 4,961
Accumulated Other Comprehensive Income / (Loss)
6.26 -3.40 -39 -30 -50

Quarterly Balance Sheets for Coinbase Global

This table presents Coinbase Global's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024
Total Assets
111,168 139,302 137,651 127,306 348,036 286,959 290,559
Total Current Assets
107,680 135,844 134,262 123,919 343,841 282,887 286,426
Cash & Equivalents
5,007 5,018 5,167 5,101 6,711 7,226 7,724
Restricted Cash
6,614 27 21 26 33 34 32
Accounts Receivable
- - - - 280 677 187
Other Current Assets
95,481 130,031 128,407 118,167 336,816 274,950 278,483
Plant, Property, & Equipment, net
171 173 186 202 0.00 0.00 0.00
Total Noncurrent Assets
3,317 3,285 3,203 3,184 4,196 4,073 4,133
Goodwill
1,074 1,140 1,140 1,140 1,140 1,140 1,140
Noncurrent Deferred & Refundable Income Taxes
- - - - 880 1,010 1,033
Other Noncurrent Operating Assets
2,082 2,016 1,955 1,949 2,176 1,923 1,960
Total Liabilities & Shareholders' Equity
111,168 139,302 137,651 127,306 348,036 286,959 290,559
Total Liabilities
105,542 133,627 131,896 121,384 339,965 278,588 281,830
Total Current Liabilities
102,073 130,203 128,539 118,299 335,735 274,354 277,588
Accrued Expenses
298 275 262 374 438 448 501
Other Current Liabilities
101,713 129,904 128,249 117,888 335,296 273,906 277,088
Total Noncurrent Liabilities
3,469 3,424 3,357 3,086 4,231 4,235 4,242
Long-Term Debt
3,391 3,396 3,334 3,077 4,225 4,228 4,231
Other Noncurrent Operating Liabilities
78 28 23 9.09 5.87 6.67 11
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests
5,626 5,675 5,755 5,921 8,071 8,371 8,728
Total Preferred & Common Equity
5,626 5,675 5,755 5,921 8,071 8,371 8,728
Preferred Stock
- - - - 0.00 0.00 0.00
Total Common Equity
5,626 5,675 5,755 5,921 8,071 8,371 8,728
Common Stock
3,380 4,057 4,239 4,418 4,550 4,817 5,087
Retained Earnings
2,282 1,647 1,549 1,547 3,558 3,594 3,670
Accumulated Other Comprehensive Income / (Loss)
-36 -28 -34 -44 -37 -40 -29

Annual Metrics and Ratios for Coinbase Global

This table displays calculated financial ratios and metrics derived from Coinbase Global's official financial filings.

Metric 2019 2020 2021 2022 2023 2024
Growth Metrics
- - - - - -
Revenue Growth
0.00% 139.35% 513.66% -59.25% -2.69% 111.17%
EBITDA Growth
0.00% 1,642.37% 608.78% -190.44% 105.16% 1,592.57%
EBIT Growth
0.00% 1,001.00% 646.85% -197.37% 100.20% 39,356.75%
NOPAT Growth
0.00% 1,105.12% 1,043.52% -151.50% 94.04% 1,886.88%
Net Income Growth
0.00% 1,160.71% 1,024.40% -172.43% 103.61% 2,618.50%
EPS Growth
0.00% 380.00% 935.71% -181.59% 103.13% 2,462.16%
Operating Cash Flow Growth
0.00% 464.23% 1,275.64% -139.26% 158.22% 177.03%
Free Cash Flow Firm Growth
0.00% 0.00% -161.84% -63.04% 107.03% -22.12%
Invested Capital Growth
0.00% 0.00% 178.44% 68.34% -8.46% 45.23%
Revenue Q/Q Growth
0.00% 0.00% 32.29% -36.92% 11.66% 25.12%
EBITDA Q/Q Growth
0.00% 0.00% 28.46% -104.81% 126.74% 56.87%
EBIT Q/Q Growth
0.00% 0.00% 28.58% -96.49% 100.85% 61.50%
NOPAT Q/Q Growth
0.00% 0.00% 23.81% -119.80% 80.57% 47.22%
Net Income Q/Q Growth
0.00% 0.00% 22.41% -113.80% 112.90% 65.18%
EPS Q/Q Growth
0.00% 0.00% 18.27% -97.83% 111.53% 59.06%
Operating Cash Flow Q/Q Growth
0.00% 0.00% -43.79% 65.07% 405.17% 61.11%
Free Cash Flow Firm Q/Q Growth
0.00% 0.00% 0.00% 24.20% 103.67% 396.22%
Invested Capital Q/Q Growth
0.00% 0.00% 139.59% 268.91% 3.99% 12.34%
Profitability Metrics
- - - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin
-5.35% 34.46% 39.80% -88.34% 4.68% 37.53%
Operating Margin
-8.58% 32.01% 39.24% -84.85% -5.20% 35.15%
EBIT Margin
-8.51% 32.03% 38.98% -93.16% 0.19% 35.59%
Profit (Net Income) Margin
-5.69% 25.23% 46.23% -82.18% 3.05% 39.29%
Tax Burden Percent
66.91% 78.77% 119.73% 85.65% -123.46% 87.64%
Interest Burden Percent
100.00% 100.00% 99.05% 102.99% -1,297.84% 125.96%
Effective Tax Rate
0.00% 21.23% -19.73% 0.00% 0.00% 12.36%
Return on Invested Capital (ROIC)
0.00% 0.00% 0.00% -54.13% -2.69% 40.97%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% 0.00% 0.00% -23.98% -15.24% 24.31%
Return on Net Nonoperating Assets (RNNOA)
0.00% 0.00% 0.00% 9.78% 4.30% -9.82%
Return on Equity (ROE)
0.00% 21.12% 91.66% -44.35% 1.62% 31.15%
Cash Return on Invested Capital (CROIC)
0.00% 0.00% -86.46% -105.07% 6.15% 4.08%
Operating Return on Assets (OROA)
0.00% 6.99% 22.53% -5.36% 0.01% 12.53%
Return on Assets (ROA)
0.00% 5.50% 26.72% -4.73% 0.18% 13.83%
Return on Common Equity (ROCE)
0.00% 13.34% 85.14% -44.35% 1.62% 31.15%
Return on Equity Simple (ROE_SIMPLE)
0.00% 33.45% 56.79% -48.12% 1.51% 25.10%
Net Operating Profit after Tax (NOPAT)
-32 322 3,684 -1,897 -113 2,022
NOPAT Margin
-6.00% 25.22% 46.99% -59.39% -3.64% 30.81%
Net Nonoperating Expense Percent (NNEP)
0.00% 0.01% -1.38% -30.16% 12.56% 16.66%
Return On Investment Capital (ROIC_SIMPLE)
- - - -21.44% -1.22% 13.94%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
43.45% 21.91% 11.60% 50.11% 34.56% 19.81%
R&D to Revenue
34.67% 21.27% 16.48% 72.83% 42.61% 22.37%
Operating Expenses to Revenue
108.58% 67.99% 60.76% 184.85% 105.20% 64.85%
Earnings before Interest and Taxes (EBIT)
-45 409 3,056 -2,976 5.92 2,336
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-29 440 3,120 -2,822 146 2,464
Valuation Ratios
- - - - - -
Price to Book Value (P/BV)
0.00 29.80 8.51 1.47 6.62 6.05
Price to Tangible Book Value (P/TBV)
0.00 34.78 9.73 1.89 8.23 6.84
Price to Revenue (P/Rev)
53.80 22.48 6.93 2.51 13.39 9.47
Price to Earnings (P/E)
0.00 89.08 14.99 0.00 439.14 24.11
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 1.12% 6.67% 0.00% 0.23% 4.15%
Enterprise Value to Invested Capital (EV/IC)
0.00 0.00 19.35 1.59 9.80 9.89
Enterprise Value to Revenue (EV/Rev)
0.00 19.12 6.45 2.18 12.68 8.81
Enterprise Value to EBITDA (EV/EBITDA)
0.00 55.48 16.20 0.00 270.86 23.47
Enterprise Value to EBIT (EV/EBIT)
0.00 59.68 16.54 0.00 6,658.88 24.75
Enterprise Value to NOPAT (EV/NOPAT)
0.00 75.81 13.72 0.00 0.00 28.59
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 83.19 12.52 0.00 42.72 22.61
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 6.69 0.00 0.00 152.35 286.86
Leverage & Solvency
- - - - - -
Debt to Equity
0.00 0.00 0.53 0.62 0.47 0.41
Long-Term Debt to Equity
0.00 0.00 0.53 0.62 0.47 0.41
Financial Leverage
0.00 -3.18 -1.09 -0.41 -0.28 -0.40
Leverage Ratio
0.00 3.84 3.43 9.38 8.90 2.25
Compound Leverage Factor
0.00 3.84 3.40 9.66 -115.54 2.84
Debt to Total Capital
0.00% 0.00% 34.66% 38.35% 32.18% 29.18%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
0.00% 0.00% 34.66% 38.35% 32.18% 29.18%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 36.86% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
0.00% 63.14% 65.34% 61.65% 67.82% 70.82%
Debt to EBITDA
0.00 0.00 1.09 -1.20 20.47 1.72
Net Debt to EBITDA
0.00 0.00 -1.21 0.37 -14.99 -1.76
Long-Term Debt to EBITDA
0.00 0.00 1.09 -1.20 20.47 1.72
Debt to NOPAT
0.00 0.00 0.92 -1.79 -26.33 2.09
Net Debt to NOPAT
0.00 0.00 -1.02 0.56 19.29 -2.15
Long-Term Debt to NOPAT
0.00 0.00 0.92 -1.79 -26.33 2.09
Altman Z-Score
0.00 4.78 3.71 0.09 3.81 4.52
Noncontrolling Interest Sharing Ratio
0.00% 36.86% 7.11% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - -
Current Ratio
0.00 1.21 1.61 1.07 2.07 2.28
Quick Ratio
0.00 0.29 0.65 0.06 1.00 1.17
Cash Flow Metrics
- - - - - -
Free Cash Flow to Firm (FCFF)
0.00 3,652 -2,259 -3,682 259 202
Operating Cash Flow to CapEx
-86.14% 1,561.26% 4,872.72% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
0.00 0.00 -77.45 -41.42 3.13 2.50
Operating Cash Flow to Interest Expense
0.00 0.00 138.48 -17.83 11.15 31.70
Operating Cash Flow Less CapEx to Interest Expense
0.00 0.00 135.64 -17.83 11.15 31.70
Efficiency Ratios
- - - - - -
Asset Turnover
0.00 0.22 0.58 0.06 0.06 0.35
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 11.91
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
0.00 25.94 144.53 27.65 17.06 33.44
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 30.65
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 0.00 30.65
Capital & Investment Metrics
- - - - - -
Invested Capital
0.00 -3,330 2,612 4,397 4,025 5,846
Invested Capital Turnover
0.00 -0.77 -21.84 0.91 0.74 1.33
Increase / (Decrease) in Invested Capital
0.00 -3,330 5,942 1,785 -372 1,821
Enterprise Value (EV)
0.00 24,419 50,542 6,975 39,427 57,814
Market Capitalization
28,713 28,713 54,311 8,032 41,610 62,162
Book Value per Share
$0.00 $14.03 $29.65 $24.03 $26.26 $41.05
Tangible Book Value per Share
$0.00 $12.02 $25.93 $18.70 $21.13 $36.31
Total Capital
0.00 1,526 9,766 8,848 9,262 14,511
Total Debt
0.00 0.00 3,385 3,393 2,980 4,234
Total Long-Term Debt
0.00 0.00 3,385 3,393 2,980 4,234
Net Debt
0.00 -4,856 -3,770 -1,057 -2,182 -4,348
Capital Expenditures (CapEx)
94 19 83 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)
0.00 -3,969 -200 1,182 709 1,589
Debt-free Net Working Capital (DFNWC)
0.00 887 6,955 5,633 5,872 10,171
Net Working Capital (NWC)
0.00 887 6,955 5,633 5,872 10,171
Net Nonoperating Expense (NNE)
-1.66 -0.20 59 728 -208 -557
Net Nonoperating Obligations (NNO)
0.00 -4,856 -3,770 -1,057 -2,256 -4,431
Total Depreciation and Amortization (D&A)
17 31 64 154 140 128
Debt-free, Cash-free Net Working Capital to Revenue
0.00% -310.68% -2.55% 37.01% 22.82% 24.21%
Debt-free Net Working Capital to Revenue
0.00% 69.44% 88.72% 176.35% 188.90% 154.96%
Net Working Capital to Revenue
0.00% 69.44% 88.72% 176.35% 188.90% 154.96%
Earnings Adjustments
- - - - - -
Adjusted Basic Earnings per Share
$0.00 $0.00 $17.47 ($11.81) $0.40 $10.42
Adjusted Weighted Average Basic Shares Outstanding
0.00 0.00 177.32M 222.31M 235.80M 247.37M
Adjusted Diluted Earnings per Share
$0.00 $0.00 $14.50 ($11.83) $0.37 $9.48
Adjusted Weighted Average Diluted Shares Outstanding
0.00 0.00 219.97M 222.34M 254.39M 273.38M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
0.00 0.00 219.48M 231.47M 242.28M 253.88M
Normalized Net Operating Profit after Tax (NOPAT)
-25 322 2,261 -1,363 -38 2,022
Normalized NOPAT Margin
-4.67% 25.22% 28.84% -42.67% -1.21% 30.81%
Pre Tax Income Margin
-8.51% 32.03% 38.61% -95.94% -2.47% 44.83%
Debt Service Ratios
- - - - - -
EBIT to Interest Expense
0.00 0.00 104.80 -33.47 0.07 28.97
NOPAT to Interest Expense
0.00 0.00 126.32 -21.34 -1.37 25.07
EBIT Less CapEx to Interest Expense
0.00 0.00 101.96 -33.47 0.07 28.97
NOPAT Less CapEx to Interest Expense
0.00 0.00 123.48 -21.34 -1.37 25.07
Payout Ratios
- - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
-68.97% 0.60% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics and Ratios for Coinbase Global

This table displays calculated financial ratios and metrics derived from Coinbase Global's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024
Growth Metrics
- - - - - - - - - -
Revenue Growth
-55.00% -74.82% -33.77% -12.42% 14.20% 51.61% 111.98% 104.78% 78.77% 138.17%
EBITDA Growth
-295.50% -154.43% 81.41% 98.29% 115.08% 135.58% 911.60% 1,666.68% 174.80% 493.27%
EBIT Growth
-323.94% -160.23% 75.46% 95.32% 108.92% 127.60% 659.22% 589.89% 277.81% 586.89%
NOPAT Growth
-189.04% -144.63% 77.66% 92.96% 101.34% 161.26% 817.64% 566.35% 3,477.27% 274.85%
Net Income Growth
-234.11% -166.29% 81.64% 91.09% 99.58% 149.09% 1,590.88% 137.11% 3,433.11% 372.20%
EPS Growth
-250.00% -171.55% 82.83% 91.57% 99.59% 146.72% 1,394.12% 133.33% 2,900.00% 308.77%
Operating Cash Flow Growth
-216.21% 79.85% 606.89% 143.04% 178.98% 99.30% -11.14% 220.40% 121.88% 18,700.42%
Free Cash Flow Firm Growth
-162.32% 57.15% -2,429.33% -74.91% -47.54% 128.06% 91.31% 84.33% 82.28% -252.25%
Invested Capital Growth
60.54% 68.34% 164.06% 205.74% 248.68% -8.46% 37.90% 36.84% 34.44% 45.23%
Revenue Q/Q Growth
-26.97% 6.57% 22.80% -8.36% -4.77% 41.48% 71.69% -11.48% -16.86% 88.49%
EBITDA Q/Q Growth
50.53% 12.23% 79.77% 80.54% 536.61% 107.06% 361.35% -62.44% -23.42% 347.02%
EBIT Q/Q Growth
48.87% 11.72% 73.76% 60.45% 197.32% 173.22% 431.74% -65.35% -24.95% 396.74%
NOPAT Q/Q Growth
46.72% 0.29% 77.68% 40.61% 110.13% 4,461.70% 161.52% -61.40% -22.31% 378.00%
Net Income Q/Q Growth
50.20% -2.27% 85.84% -23.46% 97.67% 12,172.27% 330.17% -96.93% 108.84% 1,610.28%
EPS Q/Q Growth
51.20% -0.41% 86.07% -23.53% 97.62% 11,500.00% 285.96% -96.82% 100.00% 1,564.29%
Operating Cash Flow Q/Q Growth
-13.20% -87.53% 162.12% -67.37% 107.73% -101.65% 8,034.54% 17.67% 43.86% 38.49%
Free Cash Flow Firm Q/Q Growth
-0.33% 50.43% -378.32% 26.48% 15.36% 109.43% -268.60% -32.53% 4.26% 18.99%
Invested Capital Q/Q Growth
29.45% 268.91% -8.45% -3.08% -0.79% 3.99% 35.42% -3.82% -2.54% 12.34%
Profitability Metrics
- - - - - - - - - -
Gross Margin
100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
EBITDA Margin
-98.23% -80.90% -13.32% -2.83% 12.97% 18.98% 51.01% 21.65% 19.94% 47.29%
Operating Margin
-94.27% -88.20% -16.04% -10.39% -11.84% 12.12% 46.44% 23.67% 14.07% 45.52%
EBIT Margin
-105.39% -87.31% -18.66% -8.05% 8.23% 15.89% 49.22% 19.27% 17.39% 45.84%
Profit (Net Income) Margin
-92.26% -88.54% -10.21% -13.76% -0.34% 28.67% 71.83% 2.49% 6.26% 56.84%
Tax Burden Percent
84.61% 97.57% 47.62% 123.79% -6.53% 205.82% 81.83% -60.01% 110.08% 86.26%
Interest Burden Percent
103.46% 103.93% 114.94% 138.01% 62.47% 87.64% 178.33% -21.57% 32.72% 143.76%
Effective Tax Rate
0.00% 0.00% 0.00% 0.00% 106.53% -105.82% 18.17% 0.00% -10.08% 13.74%
Return on Invested Capital (ROIC)
0.00% -56.27% 0.00% -185.50% 3.40% 18.42% 31.53% 16.91% 17.90% 52.22%
ROIC Less NNEP Spread (ROIC-NNEP)
0.00% -49.29% 0.00% -184.70% 3.54% 16.27% 4.96% 25.26% 21.89% 40.28%
Return on Net Nonoperating Assets (RNNOA)
0.00% 20.10% 0.00% 181.31% -3.16% -4.60% -1.50% -8.74% -8.33% -16.27%
Return on Equity (ROE)
-22.35% -36.17% -37.37% -4.19% 0.24% 13.82% 30.03% 8.17% 9.57% 35.95%
Cash Return on Invested Capital (CROIC)
0.00% -105.07% -295.75% -218.05% -182.31% 6.15% -18.51% -7.43% 0.90% 4.08%
Operating Return on Assets (OROA)
-8.23% -5.03% -0.65% -0.18% 0.19% 0.95% 0.80% 0.43% 0.44% 16.13%
Return on Assets (ROA)
-7.21% -5.10% -0.36% -0.31% -0.01% 1.71% 1.17% 0.06% 0.16% 20.01%
Return on Common Equity (ROCE)
-22.35% -36.17% -37.37% -4.19% 0.24% 13.82% 30.03% 8.17% 9.57% 35.95%
Return on Equity Simple (ROE_SIMPLE)
-21.82% 0.00% -40.07% -22.21% -12.42% 0.00% 16.73% 17.72% 17.89% 0.00%
Net Operating Profit after Tax (NOPAT)
-390 -388 -87 -52 5.22 238 622 240 187 892
NOPAT Margin
-65.99% -61.74% -11.22% -7.28% 0.77% 24.95% 38.00% 16.57% 15.48% 39.27%
Net Nonoperating Expense Percent (NNEP)
-1.54% -6.99% 0.11% -0.81% -0.15% 2.14% 26.57% -8.35% -3.99% 11.94%
Return On Investment Capital (ROIC_SIMPLE)
- -4.39% - - - 2.57% - - - 6.15%
Cost of Revenue to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue
57.45% 60.03% 32.20% 36.58% 37.47% 32.91% 17.54% 22.08% 27.41% 15.96%
R&D to Revenue
94.24% 93.80% 46.35% 45.30% 47.88% 33.87% 21.85% 25.13% 31.32% 16.23%
Operating Expenses to Revenue
194.27% 188.20% 116.04% 110.39% 111.84% 87.88% 53.56% 76.33% 85.93% 54.48%
Earnings before Interest and Taxes (EBIT)
-622 -549 -144 -57 55 152 806 279 210 1,041
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
-580 -509 -103 -20 87 181 835 314 240 1,074
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
2.58 1.47 2.76 2.92 3.01 6.62 7.86 6.52 5.07 6.05
Price to Tangible Book Value (P/TBV)
3.31 1.89 3.55 3.72 3.80 8.23 9.15 7.55 5.83 6.84
Price to Revenue (P/Rev)
2.87 2.51 5.59 6.22 6.40 13.39 15.96 11.57 8.44 9.47
Price to Earnings (P/E)
0.00 0.00 0.00 0.00 0.00 439.14 47.01 36.81 28.37 24.11
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.23% 2.13% 2.72% 3.52% 4.15%
Enterprise Value to Invested Capital (EV/IC)
0.00 1.59 3.48 3.83 4.07 9.80 10.97 9.65 7.83 9.89
Enterprise Value to Revenue (EV/Rev)
1.24 2.18 5.00 5.53 5.66 12.68 15.33 10.93 7.77 8.81
Enterprise Value to EBITDA (EV/EBITDA)
0.00 0.00 0.00 0.00 0.00 270.86 56.19 36.36 25.94 23.47
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 0.00 0.00 0.00 6,658.88 63.70 39.88 28.17 24.75
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 0.00 0.00 0.00 95.29 47.10 29.67 28.59
Enterprise Value to Operating Cash Flow (EV/OCF)
0.00 0.00 0.00 0.00 86.24 42.72 69.90 42.79 25.67 22.61
Enterprise Value to Free Cash Flow (EV/FCFF)
0.00 0.00 0.00 0.00 0.00 152.35 0.00 0.00 1,003.25 286.86
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.60 0.62 0.60 0.58 0.52 0.47 0.52 0.51 0.48 0.41
Long-Term Debt to Equity
0.60 0.62 0.60 0.58 0.52 0.47 0.52 0.51 0.48 0.41
Financial Leverage
-1.84 -0.41 -1.19 -0.98 -0.89 -0.28 -0.30 -0.35 -0.38 -0.40
Leverage Ratio
11.80 9.38 13.16 21.02 20.65 8.90 35.45 30.06 28.52 2.25
Compound Leverage Factor
12.21 9.75 15.13 29.01 12.90 7.80 63.22 -6.48 9.33 3.24
Debt to Total Capital
37.61% 38.35% 37.44% 36.68% 34.19% 32.18% 34.36% 33.56% 32.65% 29.18%
Short-Term Debt to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital
37.61% 38.35% 37.44% 36.68% 34.19% 32.18% 34.36% 33.56% 32.65% 29.18%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
62.39% 61.65% 62.56% 63.32% 65.81% 67.82% 65.64% 66.44% 67.35% 70.82%
Debt to EBITDA
-2.46 -1.20 -1.43 -2.75 -5.65 20.47 3.90 2.98 2.69 1.72
Net Debt to EBITDA
5.97 0.37 0.70 1.53 3.77 -14.99 -2.32 -2.14 -2.24 -1.76
Long-Term Debt to EBITDA
-2.46 -1.20 -1.43 -2.75 -5.65 20.47 3.90 2.98 2.69 1.72
Debt to NOPAT
-3.93 -1.79 -2.13 -3.64 -5.28 -26.33 6.61 3.86 3.08 2.09
Net Debt to NOPAT
9.53 0.56 1.03 2.02 3.52 19.29 -3.94 -2.77 -2.57 -2.15
Long-Term Debt to NOPAT
-3.93 -1.79 -2.13 -3.64 -5.28 -26.33 6.61 3.86 3.08 2.09
Altman Z-Score
0.20 0.17 0.15 0.16 0.18 3.84 0.17 0.19 0.17 4.33
Noncontrolling Interest Sharing Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.05 1.07 1.04 1.04 1.05 2.07 1.02 1.03 1.03 2.28
Quick Ratio
0.05 0.06 0.04 0.04 0.05 1.00 0.02 0.03 0.03 1.17
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-4,384 -2,173 -10,396 -7,643 -6,469 610 -903 -1,197 -1,146 -929
Operating Cash Flow to CapEx
-2,523.94% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense
-203.85 -100.62 -482.73 -352.66 -310.68 32.55 -47.37 -58.38 -55.83 -45.22
Operating Cash Flow to Interest Expense
-18.48 -34.51 21.50 6.97 15.08 -0.28 21.58 23.61 33.93 46.97
Operating Cash Flow Less CapEx to Interest Expense
-19.21 -34.51 21.50 6.97 15.08 -0.28 21.58 23.61 33.93 46.97
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.08 0.06 0.04 0.02 0.02 0.06 0.02 0.02 0.03 0.35
Accounts Receivable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 11.91
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
44.70 27.65 23.46 16.45 14.92 17.06 0.00 0.00 0.00 33.44
Accounts Payable Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Sales Outstanding (DSO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 30.65
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash Conversion Cycle (CCC)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 30.65
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
-2,603 4,397 4,025 3,902 3,871 4,025 5,551 5,339 5,203 5,846
Invested Capital Turnover
-1.10 0.91 -2.48 25.50 4.39 0.74 0.83 1.02 1.16 1.33
Increase / (Decrease) in Invested Capital
3,995 1,785 10,309 7,591 6,474 -372 1,526 1,437 1,333 1,821
Enterprise Value (EV)
6,290 6,975 13,991 14,930 15,757 39,427 60,909 51,541 40,747 57,814
Market Capitalization
14,520 8,032 15,641 16,783 17,807 41,610 63,429 54,573 44,271 62,162
Book Value per Share
$24.99 $24.03 $24.52 $24.53 $24.97 $26.26 $33.24 $34.09 $35.13 $41.05
Tangible Book Value per Share
$19.50 $18.70 $19.03 $19.21 $19.76 $21.13 $28.55 $29.45 $30.54 $36.31
Total Capital
9,018 8,848 9,071 9,089 8,998 9,262 12,296 12,599 12,959 14,511
Total Debt
3,391 3,393 3,396 3,334 3,077 2,980 4,225 4,228 4,231 4,234
Total Long-Term Debt
3,391 3,393 3,396 3,334 3,077 2,980 4,225 4,228 4,231 4,234
Net Debt
-8,230 -1,057 -1,650 -1,853 -2,051 -2,182 -2,520 -3,032 -3,525 -4,348
Capital Expenditures (CapEx)
16 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-6,014 1,182 596 536 493 709 1,361 1,273 1,081 1,589
Debt-free Net Working Capital (DFNWC)
5,607 5,633 5,641 5,723 5,620 5,872 8,106 8,533 8,837 10,171
Net Working Capital (NWC)
5,607 5,633 5,641 5,723 5,620 5,872 8,106 8,533 8,837 10,171
Net Nonoperating Expense (NNE)
155 169 -7.82 46 7.48 -35 -554 204 111 -399
Net Nonoperating Obligations (NNO)
-8,230 -1,057 -1,650 -1,853 -2,051 -2,256 -2,520 -3,032 -3,525 -4,431
Total Depreciation and Amortization (D&A)
42 40 41 37 32 29 29 35 31 33
Debt-free, Cash-free Net Working Capital to Revenue
-118.77% 37.01% 21.28% 19.84% 17.72% 22.82% 34.26% 27.00% 20.61% 24.21%
Debt-free Net Working Capital to Revenue
110.73% 176.35% 201.45% 211.98% 201.91% 188.90% 204.01% 180.97% 168.45% 154.96%
Net Working Capital to Revenue
110.73% 176.35% 201.45% 211.98% 201.91% 188.90% 204.01% 180.97% 168.45% 154.96%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($2.43) ($2.45) ($0.34) ($0.42) ($0.01) $1.17 $4.84 $0.15 $0.30 $5.13
Adjusted Weighted Average Basic Shares Outstanding
223.92M 222.31M 231.49M 234.61M 237.27M 235.80M 242.79M 246.30M 248.83M 247.37M
Adjusted Diluted Earnings per Share
($2.43) ($2.44) ($0.34) ($0.42) ($0.01) $1.14 $4.40 $0.14 $0.28 $4.66
Adjusted Weighted Average Diluted Shares Outstanding
223.92M 222.34M 231.49M 234.64M 237.27M 254.39M 267.95M 266.83M 267.44M 273.38M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
226.97M 231.47M 234.56M 237.18M 239.25M 242.28M 245.57M 248.48M 250.35M 253.88M
Normalized Net Operating Profit after Tax (NOPAT)
-382 -389 27 -58 -51 45 622 240 119 892
Normalized NOPAT Margin
-64.69% -61.80% 3.50% -8.17% -7.63% 4.69% 38.00% 16.57% 9.85% 39.27%
Pre Tax Income Margin
-109.04% -90.74% -21.45% -11.11% 5.14% 13.93% 87.78% -4.16% 5.69% 65.89%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-28.93 -25.43 -6.69 -2.63 2.66 8.09 42.27 13.62 10.21 50.70
NOPAT to Interest Expense
-18.11 -17.98 -4.03 -2.38 0.25 12.70 32.63 11.71 9.09 43.43
EBIT Less CapEx to Interest Expense
-29.66 -25.43 -6.69 -2.63 2.66 8.09 42.27 13.62 10.21 50.70
NOPAT Less CapEx to Interest Expense
-18.84 -17.98 -4.03 -2.38 0.25 12.70 32.63 11.71 9.09 43.43
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Frequently Asked Questions About Coinbase Global's Financials

When does Coinbase Global's financial year end?

According to the most recent income statement we have on file, Coinbase Global's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Coinbase Global's net income changed over the last 5 years?

Coinbase Global's net income appears to be on an upward trend, with a most recent value of $2.58 billion in 2024, falling from -$30.39 million in 2019. The previous period was $94.87 million in 2023.

What is Coinbase Global's operating income?
Coinbase Global's total operating income in 2024 was $2.31 billion, based on the following breakdown:
  • Total Gross Profit: $6.56 billion
  • Total Operating Expenses: $4.26 billion
How has Coinbase Global revenue changed over the last 5 years?

Over the last 5 years, Coinbase Global's total revenue changed from $533.74 million in 2019 to $6.56 billion in 2024, a change of 1,129.8%.

How much debt does Coinbase Global have?

Coinbase Global's total liabilities were at $12.27 billion at the end of 2024, a 44.8% increase from 2023, and a 183.3% increase since 2020.

How much cash does Coinbase Global have?

In the past 4 years, Coinbase Global's cash and equivalents has ranged from $1.06 billion in 2020 to $8.54 billion in 2024, and is currently $8.54 billion as of their latest financial filing in 2024.

How has Coinbase Global's book value per share changed over the last 5 years?

Over the last 5 years, Coinbase Global's book value per share changed from 0.00 in 2019 to 41.05 in 2024, a change of 4,105.0%.

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This page (NASDAQ:COIN) was last updated on 4/14/2025 by MarketBeat.com Staff
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