Coinbase Global (COIN) Debt Ratio (2020 - 2026)
Coinbase Global's (COIN) quarterly Debt Ratio came in at 0.41 in Q2 2026, up 2.19% year-over-year from 0.4 in Q2 2025, and down 11.22% quarter-over-quarter from 0.46 in Q1 2026.
Analysis
Coinbase Global (COIN) Debt Ratio (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported Debt Ratio for 7 consecutive years, with 0.41 the latest figure, recorded in Q2 2026.
- On a quarterly basis, Debt Ratio rose 2.19% year-over-year to 0.41 in Q2 2026; TTM through Jun 2026 was 0.41, a 2.19% increase from a year earlier, with the FY2025 full-year figure at 0.44, down 8.28% from the prior year.
- Debt Ratio was 0.41 for Q2 2026 at Coinbase Global, down from 0.46 in the prior quarter.
- Over five years, Debt Ratio peaked at 0.65 in Q1 2022 and troughed at 0.03 in Q1 2024.
- A 5-year average of 0.26 and a median of 0.25 in 2022 frame the typical range for Debt Ratio.
- Across the five-year window, Debt Ratio slumped 90.16% in 2023 and jumped 1532.15% in 2025, its largest moves.
- Over 5 years, Debt Ratio stood at 0.09 in 2022, then soared by 452.9% to 0.52 in 2023, then decreased by 7.44% to 0.48 in 2024, then slipped by 8.28% to 0.44 in 2025, then dropped by 6.99% to 0.41 in 2026.
- The last three Debt Ratio figures came in at 0.41 (Q2 2026), 0.46 (Q1 2026), and 0.44 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 45.70 Bn | 36.92 Bn | 1.16 Bn | 0.41 |
| 2 | Bullish | 4.34 Bn | 4.24 Bn | 15.53 Mn | 0.00 |
| 3 | Canton Strategic Holdings | 461.92 Mn | 461.92 Mn | - | - |
| 4 | Cypherpunk Technologies | 415.66 Mn | 415.66 Mn | - | - |
| 5 | Coincheck | 268.46 Mn | 166.86 Mn | 11.20 Mn | 0.30 |
| 6 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 7 | Usbc | 183.17 Mn | 179.51 Mn | - | 0.23 |
| 8 | Universal Token | 174.68 Mn | 174.68 Mn | - | 0.04 |
| 9 | TON Strategy | 174.63 Mn | 174.60 Mn | - | - |
| 10 | Streamex | 120.66 Mn | 102.19 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.41 |
| Mar 31, 2026 | 0.46 |
| Dec 31, 2025 | 0.44 |
| Sep 30, 2025 | 0.41 |
| Jun 30, 2025 | 0.40 |
| Mar 31, 2025 | 0.44 |
| Dec 31, 2024 | 0.48 |
| Sep 30, 2024 | 0.03 |
| Jun 30, 2024 | 0.03 |
| Mar 31, 2024 | 0.03 |
| Dec 31, 2023 | 0.52 |
| Sep 30, 2023 | 0.05 |
| Jun 30, 2023 | 0.05 |
| Mar 31, 2023 | 0.06 |
| Dec 31, 2022 | 0.09 |
| Sep 30, 2022 | 0.09 |
| Jun 30, 2022 | 0.10 |
| Mar 31, 2022 | 0.65 |
| Dec 31, 2021 | 0.67 |
| Sep 30, 2021 | 0.68 |