Coinbase Global, Inc.
COINUSCoinbase Global, Inc. delivers fundamental financial infrastructure and technological solutions to the expanding cryptoeconomy, operating across both the United States and international markets. The company provides a core financial gateway for individual consumers navigating the digital asset space. For institutional clients, it manages a dynamic trading venue that ensures abundant liquidity for cryptocurrency transactions. Moreover, Coinbase supplies developers with crucial technology and services, enabling them to build innovative crypto-based applications and seamlessly integrate secure digital asset payments. Founded in 2012, the firm is headquartered in Wilmington, Delaware.
Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.
- Sector
- Fintech
- Sub-sector
- Crypto & Blockchain
- Listing
- COIN
- Country
- US
Annual financials & analyst forecasts
| $M | CY2021 | CY2022 | CY2023 | CY2024 | CY2025 | CY2026E | CY2027E |
|---|---|---|---|---|---|---|---|
| Revenue YoY | — | -59% | -3% | 111% | -2% | -16% | 28% |
| Revenue | $7.84B | $3.19B | $3.11B | $6.56B | $6.43B | $5.41B | $6.91B |
| Gross Profit | $6.57B | $2.38B | $2.05B | $4.87B | $4.96B | — | — |
| Gross Profit Margin | 83.8% | 74.5% | 65.8% | 74.2% | 77.1% | — | — |
| EBITDA | $3.11B | ($2.82B) | $146M | $3.15B | $1.78B | $316M | $403M |
| EBITDA Margin | 39.6% | -88.3% | 4.7% | 48.0% | 27.6% | 5.8% | 5.8% |
| EBIT | $3.08B | ($2.71B) | ($162M) | $2.31B | $717M | $157M | $200M |
| Net Income | $3.62B | ($2.62B) | $95M | $2.58B | $1.26B | ($783M) | $971M |
| Free Cash Flow | $10.64B | $2.33B | $912M | $2.56B | $2.43B | — | — |
| FCF Margin | 135.8% | 72.9% | 29.3% | 39.0% | 37.7% | — | — |
| Short-Term Debt | $20M | $21M | $63M | $300M | $1.72B | — | — |
| Long-Term Debt | $3.38B | $3.39B | $2.98B | $4.23B | $5.94B | — | — |
| Cash & Cash Equivalents | $7.12B | $4.43B | $5.14B | $8.54B | $11.29B | — | — |
| Net Debt | ($3.72B) | ($1.01B) | ($2.10B) | ($4.01B) | ($3.63B) | — | — |
| Net Debt / EBITDA | -1.2x | — | -14.4x | -1.3x | -2.0x | — | — |
| Rule of 40 | — | 13.6% | 26.6% | 150.1% | 35.7% | — | — |