Coinbase Global (COIN) Debt Ratio (2021 - 2026)
Coinbase Global's Debt Ratio came in at 0.24 for Q3 2026, up 6.5% from 0.23 a year earlier but down 0.2% from the prior quarter.
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Analysis
Coinbase Global (COIN) Debt Ratio (2021 - 2026) Analysis & Trends
For FY2025, Coinbase Global's Debt Ratio was 0.26, up 26.3% from FY2024.
- Debt Ratio has increased in each of the last three years.
- Going back by year, Debt Ratio was 0.20 in FY2024 (+1.2%), 0.20 in FY2023 (+434.0%), 0.04 in FY2022 (-76.2%) and 0.16 in FY2021.
- The five-year range for quarterly Debt Ratio is 0.01 (Q1 2024) to 0.27 (Q1 2026).
- Year-over-year, Debt Ratio has increased for four consecutive quarters, with growth averaging 21.6% over the last five quarters.
- The fastest year-over-year change in Debt Ratio over five years came in Q4 2023 (growth of 434.0%), and the weakest in Q1 2023 (a decline of 85.0%).
- Business Quant data shows COIN's Debt Ratio at 0.25 (Q2 2026), 0.27 (Q1 2026) and 0.26 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Block | 52.19 Bn | 23.96 Bn | 3.24 Bn | 0.18 |
| 2 | PayPal Holdings | 50.03 Bn | 8.73 Bn | - | 0.17 |
| 3 | Coinbase Global | 35.13 Bn | -4.52 Bn | - | 0.24 |
| 4 | Fiserv | 33.23 Bn | 30.43 Bn | 2.76 Bn | 0.37 |
| 5 | Corpay | 29.63 Bn | 18.45 Bn | - | 0.40 |
| 6 | Global Payments | 26.81 Bn | 1.63 Bn | 2.01 Bn | 0.38 |
| 7 | Guidewire Software | 13.13 Bn | 9.70 Bn | 269.68 Mn | 0.26 |
| 8 | Chime Financial | 12.34 Bn | 8.03 Bn | 646.07 Mn | 0.05 |
| 9 | Jack Henry & Associates | 12.26 Bn | 12.16 Bn | 273.85 Mn | 0.01 |
| 10 | Bitmine Immersion Technologies | 10.03 Bn | 7.41 Bn | 40.81 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 0.24 |
| Jun 30, 2026 | 0.25 |
| Mar 31, 2026 | 0.27 |
| Dec 31, 2025 | 0.26 |
| Sep 30, 2025 | 0.23 |
| Jun 30, 2025 | 0.18 |
| Mar 31, 2025 | 0.19 |
| Dec 31, 2024 | 0.20 |
| Sep 30, 2024 | 0.01 |
| Jun 30, 2024 | 0.01 |
| Mar 31, 2024 | 0.01 |
| Dec 31, 2023 | 0.20 |
| Sep 30, 2023 | 0.02 |
| Jun 30, 2023 | 0.02 |
| Mar 31, 2023 | 0.02 |
| Dec 31, 2022 | 0.04 |
| Sep 30, 2022 | 0.03 |
| Jun 30, 2022 | 0.03 |
| Mar 31, 2022 | 0.16 |
| Dec 31, 2021 | 0.16 |
API Access
Coinbase Global Debt 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=debt-ratio&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-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=debt-ratio&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();