Coinbase Global Ratios (2019-2025) | COIN

Ratios Dec2019 Mar2020 Jun2020 Sep2020 Dec2020 Mar2021 Jun2021 Sep2021 Dec2021 Mar2022 Jun2022 Sep2022 Dec2022 Mar2023 Jun2023 Sep2023 Dec2023 Mar2024 Jun2024 Sep2024 Dec2024 Mar2025 Jun2025 Sep2025
Profitability
Gross Margin 94.53%93.89%96.20%95.98%93.45%91.21%91.97%90.21%82.84%82.57%87.15%85.20%91.72%88.15%88.40%88.85%93.98%88.60%86.33%90.06%87.84%84.22%86.07%
EBT Margin 18.31%20.82%32.57%39.78%55.34%39.00%20.65%35.64%-52.25%-153.47%-109.04%-90.74%-21.45%-11.11%5.14%13.93%87.78%-4.16%5.69%65.89%4.05%121.81%26.87%
EBIT Margin 20.34%22.58%32.19%38.73%54.84%39.26%22.24%36.92%-47.53%-129.20%-94.27%-88.20%-16.03%-10.39%-11.84%12.12%46.44%23.67%14.07%45.52%34.70%-1.65%25.71%
EBITDA Margin 20.34%22.58%32.19%38.73%54.84%39.26%22.24%36.92%-47.53%-129.20%-94.27%-88.20%-16.03%-10.39%-11.84%12.12%46.44%23.67%14.07%45.52%34.70%-1.65%25.71%
Operating Margin 20.34%22.58%32.19%38.73%54.84%39.26%22.24%36.92%-47.53%-129.20%-94.27%-88.20%-16.03%-10.39%-11.84%12.12%46.44%23.67%14.07%45.52%34.70%-1.65%25.71%
Net Margin 16.77%17.31%6.50%13.57%21.53%71.51%30.90%34.10%-36.84%-136.06%-92.26%-88.67%-10.21%-13.79%-0.34%28.66%71.94%2.49%6.26%56.98%3.23%95.68%23.39%
FCF Margin 242.72%89.67%66.11%-94.80%189.18%177.89%26.07%-149.51%-8.61%-46.29%-70.00%-120.59%57.98%19.17%43.45%-1.76%25.13%33.40%57.80%42.46%-8.98%21.94%-41.98%
Efficiency
Assets Average 8.03B13.00B17.12B19.86B21.08B63.18B108.32B100.45B114.51B138.48B132.48B71.03B181.40B317.50B288.76B156.55B22.14B22.60B27.41B
Equity Average 0.52B0.56B0.66B0.85B1.63B3.46B4.99B5.87B6.44B6.15B5.72B5.54B5.56B5.71B5.84B6.10B7.18B8.22B8.55B9.50B10.37B11.28B14.06B
Invested Capital 0.50B0.54B0.58B0.74B4.81B8.53B13.59B6.80B9.77B7.94B9.20B9.02B8.85B9.07B9.09B9.00B9.26B12.30B12.60B12.96B14.51B14.71B16.34B23.22B
Asset Utilization Ratio 0.360.380.350.390.340.090.050.030.020.020.020.040.020.010.020.040.310.310.28
Leverage & Solvency
Interest Coverage Ratio 0.00B41.8543.02-25.05-44.15-25.87-25.69-5.75-3.39-3.836.1739.8816.738.2650.3534.41-1.2022.07
Debt to Equity 3.992.701.942.270.602.020.610.640.650.630.600.540.480.520.510.480.410.400.350.45
Debt Ratio 0.660.610.570.660.180.630.030.030.040.030.030.030.210.010.010.010.190.190.180.23
Equity Ratio 0.160.230.290.290.300.310.060.050.060.040.040.050.430.020.030.030.460.480.520.51
Times Interest Earned 0.00B41.8543.02-25.05-44.15-25.87-25.69-5.75-3.39-3.836.1739.8816.738.2650.3534.41-1.2022.07
Valuation
Enterprise Value -0.58B-0.68B-0.73B-0.80B-1.09B-2.01B54.33B64.33B47.16B10.06B4.73B9.49B2.75B10.60B11.30B12.31B35.89B56.66B46.29B35.68B52.38B33.45B79.58B74.34B
Market Capitalization 58.72B70.72B54.31B16.21B10.44B14.52B8.03B15.64B16.78B17.81B41.61B64.23B54.57B44.27B62.16B43.73B89.27B86.71B
Return Ratios
Return on Sales 0.25%0.37%0.53%0.50%0.46%0.34%-0.05%-0.24%-0.82%-0.81%-0.47%-0.26%0.03%0.34%0.31%0.30%0.39%0.21%0.41%0.42%
Return on Capital Employed 1.76%0.66%0.32%0.36%0.15%0.01%-0.20%-0.14%0.15%-0.13%-0.06%0.00%0.00%0.03%0.12%0.02%0.15%0.13%0.12%
Return on Invested Capital 0.12%0.16%-0.02%-0.10%-0.26%-0.22%-0.13%-0.09%0.06%0.09%0.11%0.15%0.14%0.10%0.09%
Return on Assets 0.13%0.20%0.17%0.18%0.11%0.00%-0.01%-0.03%-0.02%-0.01%-0.01%0.00%0.01%0.00%0.01%0.02%0.07%0.13%0.12%
Return on Equity 0.38%0.65%0.76%0.59%0.62%0.38%-0.05%-0.21%-0.47%-0.41%-0.22%-0.13%0.02%0.19%0.18%0.18%0.27%0.14%0.25%0.23%