Coinbase Global (COIN) Asset Utilization Ratio (2021 - 2026)
Coinbase Global's Asset Utilization Ratio came in at 0.21 for Q3 2026, down 25.3% from 0.28 a year earlier and down 8.0% from the prior quarter.
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Analysis
Coinbase Global (COIN) Asset Utilization Ratio (2021 - 2026) Analysis & Trends
For FY2025, Coinbase Global's Asset Utilization Ratio was 0.28, down 21.9% from FY2024.
- Going back by year, Asset Utilization Ratio was 0.35 in FY2024 (+491.6%), 0.06 in FY2023 (+3.4%), 0.06 in FY2022 (-90.0%) and 0.58 in FY2021.
- The Q3 2026 figure represents the lowest quarterly Asset Utilization Ratio since Q4 2024.
- Year-over-year, Asset Utilization Ratio has declined for three consecutive quarters, with growth averaging 75.3% over the last five quarters.
- The fastest year-over-year change in Asset Utilization Ratio over five years came in Q4 2025 (growth of 461.3%), and the weakest in Q1 2023 (a decline of 92.8%).
- Business Quant data shows COIN's Asset Utilization Ratio at 0.23 (Q2 2026), 0.22 (Q1 2026) and 0.24 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 51.14 Bn | 22.87 Bn | 3.24 Bn | 0.64 |
| 2 | PayPal Holdings | 49.62 Bn | 8.32 Bn | - | 0.42 |
| 3 | Fiserv | 33.93 Bn | 31.16 Bn | 2.76 Bn | 0.27 |
| 4 | Coinbase Global | 33.79 Bn | -5.85 Bn | - | 0.21 |
| 5 | Corpay | 29.77 Bn | 18.90 Bn | - | 0.19 |
| 6 | Global Payments | 24.30 Bn | -237.28 Mn | 2.01 Bn | 0.18 |
| 7 | Iren | 14.79 Bn | -105.20 Mn | 182.00 Mn | 0.04 |
| 8 | Guidewire Software | 12.98 Bn | 9.54 Bn | 269.68 Mn | 0.58 |
| 9 | Chime Financial | 12.86 Bn | 8.55 Bn | 646.07 Mn | 1.25 |
| 10 | Jack Henry & Associates | 12.37 Bn | 12.28 Bn | 325.50 Mn | 0.82 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.21 |
| Jun 30, 2026 | 0.23 |
| Mar 31, 2026 | 0.22 |
| Dec 31, 2025 | 0.24 |
| Sep 30, 2025 | 0.28 |
| Jun 30, 2025 | 0.31 |
| Mar 31, 2025 | 0.31 |
| Dec 31, 2024 | 0.04 |
| Sep 30, 2024 | 0.02 |
| Jun 30, 2024 | 0.01 |
| Mar 31, 2024 | 0.02 |
| Dec 31, 2023 | 0.04 |
| Sep 30, 2023 | 0.02 |
| Jun 30, 2023 | 0.02 |
| Mar 31, 2023 | 0.02 |
| Dec 31, 2022 | 0.03 |
| Sep 30, 2022 | 0.05 |
| Jun 30, 2022 | 0.09 |
| Mar 31, 2022 | 0.34 |
| Dec 31, 2021 | 0.39 |
API Access
Coinbase Global Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "COIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();