Coinbase Global (COIN) EV to FCF (2021 - 2026)
Coinbase Global's (COIN) quarterly EV to FCF came in at 150.9 in Q2 2026, down 42.88% year-over-year from 264.19 in Q2 2025, and down 22.45% quarter-over-quarter from 194.57 in Q1 2026.
Analysis
Coinbase Global (COIN) EV to FCF (2021 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported EV to FCF for 6 consecutive years, with 150.9 the latest figure, recorded in Q2 2026.
- On a quarterly basis, EV to FCF fell 42.88% year-over-year to 150.9 in Q2 2026; TTM through Jun 2026 was 17.37, a 9.58% decrease from a year earlier, with the FY2025 full-year figure at 20.18, up 16.73% from the prior year.
- EV to FCF was 150.9 for Q2 2026 at Coinbase Global, down from 194.57 in the prior quarter.
- Over five years, EV to FCF peaked at 264.19 in Q2 2025 and troughed at 349.92 in Q1 2022.
- A 5-year average of 31.57 and a median of 36.32 in 2024 frame the typical range for EV to FCF.
- The widest YoY moves for EV to FCF: up 775.49% in 2023, down 3432.35% in 2023.
- Over 5 years, EV to FCF stood at 3.83 in 2022, then plunged by 3432.35% to 135.29 in 2023, then jumped by 126.24% to 35.5 in 2024, then sank by 55.0% to 15.98 in 2025, then jumped by 844.44% to 150.9 in 2026.
- The last three EV to FCF figures came in at 150.9 (Q2 2026), 194.57 (Q1 2026), and 15.98 (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 | 150.90 |
| Mar 31, 2026 | 194.57 |
| Dec 31, 2025 | 15.98 |
| Sep 30, 2025 | -45.23 |
| Jun 30, 2025 | 264.19 |
| Mar 31, 2025 | 37.15 |
| Dec 31, 2024 | 35.50 |
| Sep 30, 2024 | 51.70 |
| Jun 30, 2024 | 96.85 |
| Mar 31, 2024 | 139.89 |
| Dec 31, 2023 | -135.29 |
| Sep 30, 2023 | 42.53 |
| Jun 30, 2023 | 84.49 |
| Mar 31, 2023 | 24.10 |
| Dec 31, 2022 | -3.83 |
| Sep 30, 2022 | -22.77 |
| Jun 30, 2022 | -12.51 |
| Mar 31, 2022 | -349.92 |
| Dec 31, 2021 | -12.91 |
| Sep 30, 2021 | 120.74 |