Coinbase Global (COIN) Change in Working Capital (2023 - 2025)
Coinbase Global (COIN) posted Change in Working Capital of $1.47 billion for Q3 2025, compared with -$245.02 million a year earlier.
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Analysis
Coinbase Global (COIN) Change in Working Capital (2023 - 2025) Analysis & Trends
For the trailing twelve months through Sep 30, 2025, Change in Working Capital at Coinbase Global was $2.67 billion, up 421.8% year-over-year; for FY2024, it was $478 million.
- In prior years, Coinbase Global's Change in Working Capital was -$326.21 million in FY2023, $1.03 billion in FY2022 and -$141.44 million in FY2021.
- The Q3 2025 figure stands as the highest quarterly Change in Working Capital in data going back to Q1 2023.
- According to Business Quant data, Change in Working Capital for the three prior quarters was -$90.25 million (Q2 2025), $1.13 billion (Q1 2025) and $155.39 million (Q4 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change Working Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 49.17 Bn | 5.98 Bn | - | - |
| 2 | PayPal Holdings | 45.28 Bn | 3.51 Bn | - | - |
| 3 | Block | 44.18 Bn | 15.44 Bn | 3.17 Bn | - |
| 4 | Iren | 31.11 Bn | 18.70 Bn | 103.89 Mn | - |
| 5 | Corpay | 25.52 Bn | 15.72 Bn | - | - |
| 6 | Fiserv | 24.03 Bn | 20.73 Bn | 2.90 Bn | - |
| 7 | Global Payments | 21.72 Bn | 155.29 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.32 Bn | 12.70 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.69 Bn | 8.26 Bn | 269.68 Mn | - |
| 10 | Hut 8 | 10.61 Bn | 10.45 Bn | 48.04 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 1.47 Bn |
| Jun 30, 2025 | -90.25 Mn |
| Mar 31, 2025 | 1.13 Bn |
| Dec 31, 2024 | 155.39 Mn |
| Sep 30, 2024 | -245.02 Mn |
| Jun 30, 2024 | 93.63 Mn |
| Mar 31, 2024 | 474.00 Mn |
| Dec 31, 2023 | 188.34 Mn |
| Sep 30, 2023 | -187.71 Mn |
| Jun 30, 2023 | -11.52 Mn |
| Mar 31, 2023 | -315.33 Mn |
API Access
Coinbase Global Change in Working Capital 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=change-in-working-capital&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "change-in-working-capital", "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=change-in-working-capital&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();