Coinbase Global (COIN) EV to EBITDA (2021 - 2026)
Coinbase Global's (COIN) quarterly EV to EBITDA came in at 262.35 in Q2 2026, up 89.8% year-over-year from 138.22 in Q2 2025, and up 84.19% quarter-over-quarter from 1659.88 in Q1 2026.
Analysis
Coinbase Global (COIN) EV to EBITDA (2021 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported EV to EBITDA for 6 consecutive years, with 262.35 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to EBITDA rose 89.8% year-over-year to 262.35 in Q2 2026; TTM through Jun 2026 was 48.07, a 42.84% increase from a year earlier, with the FY2025 full-year figure at 34.12, up 46.66% from the prior year.
- EV to EBITDA was 262.35 for Q2 2026 at Coinbase Global, up from 1659.88 in the prior quarter.
- Over five years, EV to EBITDA peaked at 311.66 in Q4 2023 and troughed at 2573.11 in Q2 2025.
- A 5-year average of 211.63 and a median of 4.86 in 2022 frame the typical range for EV to EBITDA.
- Across the five-year window, EV to EBITDA soared 6051.47% in 2023 and sank 3798.85% in 2026, its largest moves.
- Over 5 years, EV to EBITDA stood at 5.24 in 2022, then soared by 6051.47% to 311.66 in 2023, then tumbled by 83.35% to 51.9 in 2024, then surged by 244.68% to 178.9 in 2025, then plunged by 246.65% to 262.35 in 2026.
- The last three EV to EBITDA figures came in at 262.35 (Q2 2026), 1659.88 (Q1 2026), and 178.9 (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Coinbase Global | 48.70 Bn | 39.92 Bn | 1.16 Bn |
| 2 | Bullish | 5.43 Bn | 5.38 Bn | 15.53 Mn |
| 3 | Canton Strategic Holdings | 494.45 Mn | 494.45 Mn | - |
| 4 | Cypherpunk Technologies | 446.07 Mn | 446.07 Mn | - |
| 5 | Coincheck | 267.10 Mn | 165.50 Mn | 11.20 Mn |
| 6 | Exodus Movement | 226.48 Mn | -128.60 Mn | - |
| 7 | Wewards | 214.97 Mn | 214.97 Mn | - |
| 8 | Usbc | 194.07 Mn | 190.41 Mn | - |
| 9 | TON Strategy | 187.68 Mn | 187.66 Mn | - |
| 10 | Universal Token | 174.68 Mn | 174.68 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -262.35 |
| Mar 31, 2026 | -1,659.88 |
| Dec 31, 2025 | 178.90 |
| Sep 30, 2025 | 162.99 |
| Jun 30, 2025 | -2,573.11 |
| Mar 31, 2025 | 44.88 |
| Dec 31, 2024 | 51.90 |
| Sep 30, 2024 | 212.43 |
| Jun 30, 2024 | 136.68 |
| Mar 31, 2024 | 75.69 |
| Dec 31, 2023 | 311.66 |
| Sep 30, 2023 | -156.03 |
| Jun 30, 2023 | -155.86 |
| Mar 31, 2023 | -87.15 |
| Dec 31, 2022 | -5.24 |
| Sep 30, 2022 | -16.91 |
| Jun 30, 2022 | -4.48 |
| Mar 31, 2022 | -63.39 |
| Dec 31, 2021 | 52.30 |
| Sep 30, 2021 | 141.52 |