Coinbase Global (COIN) Cash from Operations (2020 - 2026)
Coinbase Global's (COIN) quarterly Cash from Operations came in at $197.3 million in Q2 2026, down 17.81% year-over-year from $240.1 million in Q2 2025, and up 7.97% quarter-over-quarter from $182.7 million in Q1 2026.
Analysis
Coinbase Global (COIN) Cash from Operations (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported Cash from Operations for 7 consecutive years, with $197.3 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Cash from Operations fell 17.81% year-over-year to $197.3 million in Q2 2026; TTM through Jun 2026 was $1.7 billion, a 48.09% decrease from a year earlier, with the FY2025 full-year figure at $2.4 billion, down 21.83% from the prior year.
- Cash from Operations was $197.3 million for Q2 2026 at Coinbase Global, up from $182.7 million in the prior quarter.
- Over five years, Cash from Operations peaked at $3.1 billion in Q4 2025 and troughed at -$1.7 billion in Q3 2025.
- A 5-year average of $277.7 million and a median of $218.7 million in 2025 frame the typical range for Cash from Operations.
- Across the five-year window, Cash from Operations surged 693.38% in 2024 and slumped 348.59% in 2025, its largest moves.
- Over 5 years, Cash from Operations stood at -$745.4 million in 2022, then soared by 65.82% to -$254.8 million in 2023, then surged by 693.38% to $1.5 billion in 2024, then surged by 102.76% to $3.1 billion in 2025, then plunged by 93.56% to $197.3 million in 2026.
- The last three Cash from Operations figures came in at $197.3 million (Q2 2026), $182.7 million (Q1 2026), and $3.1 billion (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Operations (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 51.24 Bn | 42.45 Bn | 1.16 Bn | 197.31 Mn |
| 2 | Bullish | 5.78 Bn | 5.72 Bn | 15.53 Mn | 16.89 Mn |
| 3 | Cypherpunk Technologies | 663.58 Mn | 663.58 Mn | - | - |
| 4 | Canton Strategic Holdings | 498.79 Mn | 498.79 Mn | - | -2.24 Mn |
| 5 | Bakkt | 387.06 Mn | 336.37 Mn | 2.21 Mn | -14.82 Mn |
| 6 | Coincheck | 264.39 Mn | 162.79 Mn | 11.20 Mn | -7.00 Mn |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - | -14,752.00 |
| 8 | Exodus Movement | 205.10 Mn | -149.98 Mn | - | -49.52 Mn |
| 9 | Usbc | 197.95 Mn | 194.29 Mn | - | -15.23 Mn |
| 10 | TON Strategy | 191.64 Mn | 191.61 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 197.31 Mn |
| Mar 31, 2026 | 182.74 Mn |
| Dec 31, 2025 | 3.07 Bn |
| Sep 30, 2025 | -1.73 Bn |
| Jun 30, 2025 | 240.08 Mn |
| Mar 31, 2025 | 852.69 Mn |
| Dec 31, 2024 | 1.51 Bn |
| Sep 30, 2024 | 696.54 Mn |
| Jun 30, 2024 | 484.20 Mn |
| Mar 31, 2024 | 411.49 Mn |
| Dec 31, 2023 | -254.76 Mn |
| Sep 30, 2023 | 313.94 Mn |
| Jun 30, 2023 | 151.12 Mn |
| Mar 31, 2023 | 463.08 Mn |
| Dec 31, 2022 | -745.44 Mn |
| Sep 30, 2022 | -397.50 Mn |
| Jun 30, 2022 | -351.13 Mn |
| Mar 31, 2022 | -91.36 Mn |
| Dec 31, 2021 | -3.70 Bn |
| Sep 30, 2021 | 342.05 Mn |