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

Coinbase Global (COIN) Invested Capital (2020 - 2026)

Coinbase Global's (COIN) quarterly Invested Capital came in at $23.9 billion in Q2 2026, up 11.21% year-over-year from $21.5 billion in Q2 2025, and down 10.7% quarter-over-quarter from $26.7 billion in Q1 2026.

Analysis

Coinbase Global (COIN) Invested Capital (2020 - 2026) Analysis & Trends

Coinbase Global (COIN) has reported Invested Capital for 7 consecutive years, with $23.9 billion the latest figure, recorded in Q2 2026.

  • On a quarterly basis, Invested Capital rose 11.21% year-over-year to $23.9 billion in Q2 2026; TTM through Jun 2026 was $23.9 billion, a 11.21% increase from a year earlier, with the FY2025 full-year figure at $27.8 billion, up 32.07% from the prior year.
  • Invested Capital was $23.9 billion for Q2 2026 at Coinbase Global, down from $26.7 billion in the prior quarter.
  • Over five years, Invested Capital peaked at $28.9 billion in Q3 2025 and troughed at $12.6 billion in Q3 2023.
  • A 5-year average of $19.0 billion and a median of $17.2 billion in 2024 frame the typical range for Invested Capital.
  • The widest YoY moves for Invested Capital: up 121.69% in 2022, down 33.11% in 2022.
  • Over 5 years, Invested Capital stood at $13.8 billion in 2022, then rose by 0.48% to $13.9 billion in 2023, then jumped by 51.45% to $21.0 billion in 2024, then jumped by 32.07% to $27.8 billion in 2025, then slipped by 14.14% to $23.9 billion in 2026.
  • The last three Invested Capital figures came in at $23.9 billion (Q2 2026), $26.7 billion (Q1 2026), and $27.8 billion (Q4 2025), per Business Quant data.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Coinbase Global 51.24 Bn 42.45 Bn 1.16 Bn 23.86 Bn
2 Bullish 5.78 Bn 5.72 Bn 15.53 Mn 2.46 Bn
3 Cypherpunk Technologies 663.58 Mn 663.58 Mn - -
4 Canton Strategic Holdings 498.79 Mn 498.79 Mn - -
5 Bakkt 387.06 Mn 336.37 Mn 2.21 Mn -
6 Coincheck 264.39 Mn 162.79 Mn 11.20 Mn 404.00 Mn
7 Wewards 214.97 Mn 214.97 Mn - -
8 Exodus Movement 205.10 Mn -149.98 Mn - -
9 Usbc 197.95 Mn 194.29 Mn - 61.55 Mn
10 TON Strategy 191.64 Mn 191.61 Mn - -
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 23.86 Bn
Mar 31, 2026 26.72 Bn
Dec 31, 2025 27.79 Bn
Sep 30, 2025 28.90 Bn
Jun 30, 2025 21.46 Bn
Mar 31, 2025 20.08 Bn
Dec 31, 2024 21.04 Bn
Sep 30, 2024 16.99 Bn
Jun 30, 2024 16.80 Bn
Mar 31, 2024 17.50 Bn
Dec 31, 2023 13.90 Bn
Sep 30, 2023 12.58 Bn
Jun 30, 2023 13.08 Bn
Mar 31, 2023 14.60 Bn
Dec 31, 2022 13.83 Bn
Sep 30, 2022 15.58 Bn
Jun 30, 2022 16.41 Bn
Mar 31, 2022 20.11 Bn
Dec 31, 2021 20.67 Bn
Sep 30, 2021 18.00 Bn