Coinbase Global COIN
NASDAQ COIN
$194.25 +20.28 (+11.66%)
At close: Sep 18, 2026 · 4:00 PM EDT

Coinbase Global (COIN) Free Cash Flow (2020 - 2026)

Coinbase Global's (COIN) quarterly Free Cash Flow came in at $197.3 million in Q2 2026, down 17.81% year-over-year from $240.1 million in Q2 2025, and up 7.97% quarter-over-quarter from $182.7 million in Q1 2026.

Analysis

Coinbase Global (COIN) Free Cash Flow (2020 - 2026) Analysis & Trends

Coinbase Global (COIN) has reported Free Cash Flow for 7 consecutive years, with $197.3 million the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Free Cash Flow fell 17.81% year-over-year to $197.3 million in Q2 2026; TTM through Jun 2026 was $1.7 billion, a 48.09% decrease from a year earlier, with the FY2025 full-year figure at $2.4 billion, down 21.83% from the prior year.
  • Free Cash Flow was $197.3 million for Q2 2026 at Coinbase Global, up from $182.7 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $3.1 billion in Q4 2025 and troughed at -$1.7 billion in Q3 2025.
  • A 5-year average of $270.8 million and a median of $218.7 million in 2025 frame the typical range for Free Cash Flow.
  • Across the five-year window, Free Cash Flow jumped 667.62% in 2024 and slumped 348.59% in 2025, its largest moves.
  • Over 5 years, Free Cash Flow stood at -$758.6 million in 2022, then surged by 64.89% to -$266.3 million in 2023, then jumped by 667.62% to $1.5 billion in 2024, then surged by 102.76% to $3.1 billion in 2025, then plunged by 93.56% to $197.3 million in 2026.
  • The last three Free Cash Flow figures came in at $197.3 million (Q2 2026), $182.7 million (Q1 2026), and $3.1 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Coinbase Global 51.24 Bn 42.45 Bn 1.16 Bn 197.31 Mn
2 Bullish 5.78 Bn 5.72 Bn 15.53 Mn 17.52 Mn
3 Cypherpunk Technologies 663.58 Mn 663.58 Mn - -
4 Canton Strategic Holdings 498.79 Mn 498.79 Mn - -7.00 Mn
5 Bakkt 387.06 Mn 336.37 Mn 2.21 Mn -14.82 Mn
6 Coincheck 264.39 Mn 162.79 Mn 11.20 Mn -6.60 Mn
7 Wewards 214.97 Mn 214.97 Mn - -14,752.00
8 Exodus Movement 205.10 Mn -149.98 Mn - -48.98 Mn
9 Usbc 197.95 Mn 194.29 Mn - -15.23 Mn
10 TON Strategy 191.64 Mn 191.61 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 197.31 Mn
Mar 31, 2026 182.74 Mn
Dec 31, 2025 3.07 Bn
Sep 30, 2025 -1.73 Bn
Jun 30, 2025 240.08 Mn
Mar 31, 2025 852.69 Mn
Dec 31, 2024 1.51 Bn
Sep 30, 2024 696.54 Mn
Jun 30, 2024 484.20 Mn
Mar 31, 2024 411.49 Mn
Dec 31, 2023 -266.33 Mn
Sep 30, 2023 292.88 Mn
Jun 30, 2023 135.72 Mn
Mar 31, 2023 447.90 Mn
Dec 31, 2022 -758.64 Mn
Sep 30, 2022 -413.24 Mn
Jun 30, 2022 -374.14 Mn
Mar 31, 2022 -100.44 Mn
Dec 31, 2021 -3.74 Bn
Sep 30, 2021 342.05 Mn