Coinbase Global (COIN) Operating Leases (2020 - 2023)
Coinbase Global (COIN) recorded Operating Leases of $3.82 million in Q4 2023, down 90.9% from $42.04 million a year earlier and down 32.8% from the prior quarter.
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Analysis
Coinbase Global (COIN) Operating Leases (2020 - 2023) Analysis & Trends
Starting with Q4 2020, Coinbase Global's Operating Leases history includes 13 quarters.
- Annual Operating Leases has declined for three straight years, with a three-year compound annual growth rate of -64.1% (FY2020 to FY2023).
- Across earlier years, Operating Leases came in at $42.04 million in FY2022 (-43.2%), $74.08 million in FY2021 (-10.2%) and $82.51 million in FY2020.
- The Q4 2023 figure is the lowest quarterly Operating Leases in data going back to Q4 2020.
- On a year-over-year basis, Operating Leases has declined for nine consecutive quarters, with an average decline of 60.3% over the last eight quarters.
- Across the past five years, year-over-year decline in Operating Leases ran from 10.2% in Q4 2021 to 90.9% in Q4 2023.
- Per Business Quant, the preceding three quarters came in at $5.69 million (Q3 2023), $8.61 million (Q2 2023) and $11.29 million (Q1 2023).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Coinbase Global | 49.17 Bn | 5.98 Bn | - |
| 2 | PayPal Holdings | 45.28 Bn | 3.51 Bn | - |
| 3 | Block | 44.18 Bn | 15.44 Bn | 3.17 Bn |
| 4 | Iren | 31.11 Bn | 18.70 Bn | 103.89 Mn |
| 5 | Corpay | 25.52 Bn | 15.72 Bn | - |
| 6 | Fiserv | 24.03 Bn | 20.73 Bn | 2.90 Bn |
| 7 | Global Payments | 21.72 Bn | 155.29 Mn | 2.03 Bn |
| 8 | Bitmine Immersion Technologies | 15.32 Bn | 12.70 Bn | 40.81 Mn |
| 9 | Guidewire Software | 11.69 Bn | 8.26 Bn | 269.68 Mn |
| 10 | Hut 8 | 10.61 Bn | 10.45 Bn | 48.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2023 | 3.82 Mn |
| Sep 30, 2023 | 5.69 Mn |
| Jun 30, 2023 | 8.61 Mn |
| Mar 31, 2023 | 11.29 Mn |
| Dec 31, 2022 | 42.04 Mn |
| Sep 30, 2022 | 50.17 Mn |
| Jun 30, 2022 | 59.32 Mn |
| Mar 31, 2022 | 66.43 Mn |
| Dec 31, 2021 | 74.08 Mn |
| Sep 30, 2021 | 81.60 Mn |
| Jun 30, 2021 | 82.29 Mn |
| Mar 31, 2021 | 88.52 Mn |
| Dec 31, 2020 | 82.51 Mn |
API Access
Coinbase Global Operating Leases 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=operating-leases&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();