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.
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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 | Bitmine Immersion Technologies | 57.56 Bn | 54.94 Bn | 40.81 Mn |
| 2 | Coinbase Global | 51.47 Bn | 8.27 Bn | - |
| 3 | PayPal Holdings | 47.44 Bn | 5.67 Bn | - |
| 4 | Block | 45.91 Bn | 17.17 Bn | 3.17 Bn |
| 5 | Iren | 33.57 Bn | 21.17 Bn | 103.89 Mn |
| 6 | Corpay | 26.14 Bn | 16.34 Bn | - |
| 7 | Fiserv | 24.72 Bn | 21.42 Bn | 2.90 Bn |
| 8 | Global Payments | 22.99 Bn | 1.43 Bn | 2.03 Bn |
| 9 | Guidewire Software | 11.94 Bn | 8.51 Bn | 269.68 Mn |
| 10 | Hut 8 | 11.93 Bn | 11.77 Bn | 48.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 34.80 |
| Mar 31, 2026 | 38.15 |
| Dec 31, 2025 | 30.15 |
| Sep 30, 2025 | 33.38 |
| Jun 30, 2025 | 31.46 |
| Mar 31, 2025 | 13.29 |
| Dec 31, 2024 | 22.04 |
| Sep 30, 2024 | 23.80 |
| Jun 30, 2024 | 37.08 |
| Mar 31, 2024 | 67.69 |
| Mar 31, 2022 | 21.62 |
| Dec 31, 2021 | 15.34 |
| Sep 30, 2021 | 16.97 |
| Jun 30, 2021 | 21.23 |
API Access
Coinbase Global EV to EBITDA 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=ev-to-ebitda&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();