Coinbase Global (COIN) Change in Taxes (2020 - 2023)
Coinbase Global's (COIN) quarterly Change in Taxes came in at $8.7 million in Q4 2023, up 402.33% year-over-year from $1.7 million in Q4 2022, and up 26.97% quarter-over-quarter from $6.9 million in Q3 2023.
Analysis
Coinbase Global (COIN) Change in Taxes (2020 - 2023) Analysis & Trends
Coinbase Global (COIN) has reported Change in Taxes for 4 consecutive years, with $8.7 million the latest figure, recorded in Q4 2023.
- On a quarterly basis, Change in Taxes rose 402.33% year-over-year to $8.7 million in Q4 2023; TTM through Dec 2023 was $8.5 million, a 348.43% increase from a year earlier, with the FY2025 full-year figure at -$147.4 million, down 291.25% from the prior year.
- Change in Taxes was $8.7 million for Q4 2023 at Coinbase Global, up from $6.9 million in the prior quarter.
- Over five years, Change in Taxes peaked at $341.5 million in Q3 2021 and troughed at -$675.8 million in Q2 2021.
- A 4-year average of $2.2 million and a median of $5.4 million in 2022 frame the typical range for Change in Taxes.
- The widest YoY moves for Change in Taxes: up 1974.01% in 2021, down 9611.23% in 2021.
- Over 4 years, Change in Taxes stood at $43.0 million in 2020, then declined by 21.81% to $33.6 million in 2021, then tumbled by 108.57% to -$2.9 million in 2022, then soared by 402.33% to $8.7 million in 2023.
- The last three Change in Taxes figures came in at $8.7 million (Q4 2023), $6.9 million (Q3 2023), and $596000.0 (Q2 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 51.24 Bn | 42.45 Bn | 1.16 Bn | - |
| 2 | Bullish | 5.78 Bn | 5.72 Bn | 15.53 Mn | - |
| 3 | Cypherpunk Technologies | 663.58 Mn | 663.58 Mn | - | - |
| 4 | Canton Strategic Holdings | 498.79 Mn | 498.79 Mn | - | - |
| 5 | Bakkt | 387.06 Mn | 336.37 Mn | 2.21 Mn | - |
| 6 | Coincheck | 264.39 Mn | 162.79 Mn | 11.20 Mn | -4.50 Mn |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 8 | Exodus Movement | 205.10 Mn | -149.98 Mn | - | - |
| 9 | Usbc | 197.95 Mn | 194.29 Mn | - | - |
| 10 | TON Strategy | 191.64 Mn | 191.61 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 8.70 Mn |
| Sep 30, 2023 | 6.86 Mn |
| Jun 30, 2023 | 596,000.00 |
| Mar 31, 2023 | -7.61 Mn |
| Dec 31, 2022 | -2.88 Mn |
| Sep 30, 2022 | 727,000.00 |
| Jun 30, 2022 | 196,000.00 |
| Mar 31, 2022 | 3.86 Mn |
| Dec 31, 2021 | 33.61 Mn |
| Sep 30, 2021 | 341.53 Mn |
| Jun 30, 2021 | -675.77 Mn |
| Mar 31, 2021 | 238.49 Mn |
| Dec 31, 2020 | 42.99 Mn |
| Sep 30, 2020 | 49.43 Mn |
| Jun 30, 2020 | 7.11 Mn |
| Mar 31, 2020 | -12.73 Mn |