Coinbase Global (COIN) EBITDA (2020 - 2026)
Coinbase Global's (COIN) quarterly EBITDA came in at -$21.4 million in Q1 2026, down 103.03% year-on-year from $705.8 million in Q1 2025, and down 107.82% on a QoQ basis from $273.8 million in Q4 2025.
Coinbase Global (COIN) EBITDA (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has 7 years of EBITDA data on file, last reported at -$21.4 million in Q1 2026.
- On a quarterly basis, EBITDA fell 103.03% year-over-year to -$21.4 million in Q1 2026; TTM through Mar 2026 was $708.2 million, a 68.56% decrease from a year earlier, with the FY2025 full-year figure at $1.4 billion, down 37.78% from the prior year.
- EBITDA for Q1 2026 stood at -$21.4 million, down from $273.8 million in the prior quarter.
- Over the last five years, EBITDA for COIN reached as high as $1.0 billion in Q4 2024 and fell as low as -$1.0 billion in Q2 2022.
- Historically, EBITDA has averaged $50.0 million across 5 years, with a median of -$21.4 million in 2026.
- Across the five-year window, EBITDA slumped 290.7% in 2022 and jumped 794.42% in 2024, its largest moves.
- Year by year, EBITDA stood at -$554.9 million in 2022, then surged by 120.84% to $115.6 million in 2023, then soared by 794.42% to $1.0 billion in 2024, then slumped by 73.53% to $273.8 million in 2025, then tumbled by 107.82% to -$21.4 million in 2026.
- Per Business Quant data, the three most recent EBITDA figures were -$21.4 million in Q1 2026, $273.8 million in Q4 2025, and $480.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Bit Origin | 1,110.84 Bn | 1,110.84 Bn | - | - |
| 2 | S&P Global | 130.72 Bn | 128.91 Bn | 2.94 Bn | 2.00 Bn |
| 3 | Cme | 92.16 Bn | 92.16 Bn | 1.65 Bn | 1.11 Bn |
| 4 | Moodys | 84.72 Bn | 83.22 Bn | 1.67 Bn | 1.05 Bn |
| 5 | Intercontinental Exchange | 84.12 Bn | 82.38 Bn | - | 1.67 Bn |
| 6 | Nasdaq | 53.10 Bn | 52.38 Bn | 1.50 Bn | 712.00 Mn |
| 7 | Coinbase Global | 44.25 Bn | 33.81 Bn | 1.33 Bn | -21.42 Mn |
| 8 | Msci | 41.65 Bn | 41.29 Bn | 717.10 Mn | 487.50 Mn |
| 9 | Cboe Global Markets | 30.13 Bn | 27.96 Bn | 728.90 Mn | 505.60 Mn |
| 10 | TransUnion | 14.77 Bn | 14.04 Bn | 726.20 Mn | 244.80 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -21.42 Mn |
| Dec 31, 2025 | 273.75 Mn |
| Sep 30, 2025 | 480.53 Mn |
| Jun 30, 2025 | -24.65 Mn |
| Mar 31, 2025 | 705.81 Mn |
| Dec 31, 2024 | 1.03 Bn |
| Sep 30, 2024 | 169.51 Mn |
| Jun 30, 2024 | 343.12 Mn |
| Mar 31, 2024 | 760.46 Mn |
| Dec 31, 2023 | 115.61 Mn |
| Sep 30, 2023 | -79.83 Mn |
| Jun 30, 2023 | -73.58 Mn |
| Mar 31, 2023 | -123.88 Mn |
| Dec 31, 2022 | -554.87 Mn |
| Sep 30, 2022 | -556.48 Mn |
| Jun 30, 2022 | -1.04 Bn |
| Mar 31, 2022 | -554.46 Mn |
| Dec 31, 2021 | 922.32 Mn |
| Sep 30, 2021 | 291.81 Mn |
| Jun 30, 2021 | 874.73 Mn |