Coinbase Global (COIN) Asset Utilization Ratio (2021 - 2026)
Coinbase Global's Asset Utilization Ratio came in at 0.23 for Q2 2026, down 26.7% from 0.31 a year earlier but up 1.3% from the prior quarter.
Powered by 
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 five-year range for quarterly Asset Utilization Ratio is 0.01 (Q2 2024) to 0.39 (Q4 2021).
- Year-over-year, Asset Utilization Ratio increased in 1 of the last five quarters, with growth averaging 77.6%.
- 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 0.22 (Q1 2026), 0.24 (Q4 2025) and 0.28 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 49.17 Bn | 5.98 Bn | - | 0.23 |
| 2 | PayPal Holdings | 45.28 Bn | 3.51 Bn | - | 0.42 |
| 3 | Block | 44.18 Bn | 15.44 Bn | 3.17 Bn | 0.63 |
| 4 | Iren | 31.11 Bn | 18.70 Bn | 103.89 Mn | 0.06 |
| 5 | Corpay | 25.52 Bn | 15.72 Bn | - | 0.18 |
| 6 | Fiserv | 24.03 Bn | 20.73 Bn | 2.90 Bn | 0.26 |
| 7 | Global Payments | 21.72 Bn | 155.29 Mn | 2.03 Bn | 0.16 |
| 8 | Bitmine Immersion Technologies | 15.32 Bn | 12.70 Bn | 40.81 Mn | 0.01 |
| 9 | Guidewire Software | 11.69 Bn | 8.26 Bn | 269.68 Mn | 0.58 |
| 10 | Hut 8 | 10.61 Bn | 10.45 Bn | 48.04 Mn | 0.05 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |
| Sep 30, 2021 | 0.35 |
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();