Coinbase Global reported a gross margin of 95.11% and a net margin of -29.46% for the quarter ended Jun 2026. These financial ratios cover 26 quarters of results from Mar 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||||
| Gross Margin | 94.84% | 93.99% | 94.06% | 95.11% | ||||||||||||||||||||||
| EBT Margin | 20.65% | 35.64% | -52.25% | -153.47% | -109.04% | -90.74% | -21.45% | -11.11% | 5.14% | 742.20% | 87.78% | -4.16% | 5.69% | 65.89% | 4.05% | 121.81% | 26.87% | -49.76% | -32.89% | -32.41% | ||||||
| EBIT Margin | 22.24% | 36.92% | -47.53% | -129.20% | -94.27% | -88.20% | -16.03% | -10.39% | -11.84% | 645.88% | 46.44% | 23.67% | 14.07% | 45.52% | 34.70% | -1.65% | 25.71% | 15.37% | -1.52% | -9.30% | ||||||
| EBITDA Margin | 22.24% | 36.92% | -47.53% | -129.20% | -94.27% | -88.20% | -16.03% | -10.39% | -11.84% | 645.88% | 46.44% | 23.67% | 14.07% | 45.52% | 34.70% | -1.65% | 25.71% | 15.37% | -1.52% | -9.30% | ||||||
| Operating Margin | 22.24% | 36.92% | -47.53% | -129.20% | -94.27% | -88.20% | -16.03% | -10.39% | -11.84% | 645.88% | 46.44% | 23.67% | 14.07% | 45.52% | 34.70% | -1.65% | 25.71% | 15.37% | -1.52% | -9.30% | ||||||
| Net Margin | 30.67% | 34.23% | -36.84% | -135.30% | -92.26% | -88.54% | -10.21% | -13.76% | -0.34% | 1,526.92% | 71.78% | 2.49% | 6.26% | 56.82% | 3.23% | 95.44% | 23.15% | -37.43% | -27.89% | -29.46% | ||||||
| FCF Margin | 26.07% | -149.51% | -8.61% | -46.29% | -70.00% | -120.59% | 57.98% | 19.17% | 43.45% | -1,487.85% | 25.13% | 33.40% | 57.80% | 66.55% | 41.92% | 16.04% | -92.66% | 172.09% | 12.93% | 16.17% | ||||||
| Efficiency | ||||||||||||||||||||||||||
| Assets AverageAssets Avg. | 17.12B | 19.86B | 21.08B | 63.18B | 108.32B | 100.45B | 114.51B | 138.48B | 132.48B | 71.03B | 181.40B | 317.50B | 288.76B | 156.55B | 22.14B | 22.60B | 27.41B | 30.51B | 29.26B | 27.65B | ||||||
| Invested CapitalInvested Cap. | 18.00B | 20.67B | 20.11B | 16.41B | 15.58B | 13.83B | 14.60B | 13.08B | 12.58B | 13.90B | 17.50B | 16.80B | 16.99B | 21.04B | 20.08B | 21.46B | 28.90B | 27.79B | 26.72B | 23.86B | ||||||
| Asset Utilization RatioAsset Util. | 0.35 | 0.39 | 0.34 | 0.09 | 0.05 | 0.03 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.01 | 0.01 | 0.04 | 0.31 | 0.31 | 0.28 | 0.24 | 0.22 | 0.23 | ||||||
| Leverage & Solvency | ||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | 41.85 | 43.02 | -25.05 | -44.15 | -25.87 | -25.69 | -5.75 | -3.39 | -3.83 | 6.17 | 39.88 | 16.73 | 8.26 | 50.35 | 34.41 | -1.20 | 22.07 | 12.12 | -0.95 | -5.04 | ||||||
| Debt Ratio | 0.68 | 0.67 | 0.65 | 0.10 | 0.09 | 0.09 | 0.06 | 0.05 | 0.05 | 0.52 | 0.03 | 0.03 | 0.03 | 0.48 | 0.44 | 0.40 | 0.41 | 0.44 | 0.46 | 0.41 | ||||||
| Times Interest Earned | 41.85 | 43.02 | -25.05 | -44.15 | -25.87 | -25.69 | -5.75 | -3.39 | -3.83 | 6.17 | 39.88 | 16.73 | 8.26 | 50.35 | 34.41 | -1.20 | 22.07 | 12.12 | -0.95 | -5.04 | ||||||
| Valuation | ||||||||||||||||||||||||||
| Price to EarningsP/E | 118.51 | 64.77 | -96.10 | -9.50 | -26.51 | -14.71 | -200.78 | -174.01 | -0.00B | 154.02 | 55.41 | 0.00B | 591.15 | 48.80 | 668.64 | 52.45 | 209.68 | -90.84 | -116.70 | -107.28 | ||||||
| Price to SalesP/S | 36.34 | 22.17 | 35.40 | 12.85 | 24.46 | 13.02 | 20.51 | 23.94 | 26.64 | 0.00B | 39.78 | 38.06 | 37.01 | 27.72 | 21.56 | 50.06 | 48.53 | 34.01 | 32.55 | 31.61 | ||||||
| Price to BookP/B | 8.89 | 8.68 | 6.36 | 1.79 | 2.57 | 1.50 | 2.79 | 2.95 | 3.03 | 6.70 | 8.07 | 6.59 | 5.11 | 6.13 | 4.19 | 6.20 | 5.66 | 4.09 | 3.41 | 2.95 | ||||||
| Enterprise Value | 41.30B | 48.24B | 35.15B | 4.68B | 9.41B | 2.91B | 10.80B | 11.47B | 12.46B | 36.03B | 57.56B | 46.90B | 36.01B | 53.67B | 31.67B | 63.43B | 78.32B | 48.97B | 35.56B | 29.77B | ||||||
| EV to EBIT | 141.52 | 52.30 | -63.39 | -4.48 | -16.91 | -5.24 | -87.15 | -155.86 | -156.03 | 311.66 | 75.69 | 136.68 | 212.43 | 51.90 | 44.88 | -0.00B | 162.99 | 178.90 | -0.00B | -262.35 | ||||||
| EV to EBITDA | 141.52 | 52.30 | -63.39 | -4.48 | -16.91 | -5.24 | -87.15 | -155.86 | -156.03 | 311.66 | 75.69 | 136.68 | 212.43 | 51.90 | 44.88 | -0.00B | 162.99 | 178.90 | -0.00B | -262.35 | ||||||
| Market Capitalization | 47.68B | 55.39B | 41.29B | 10.39B | 14.44B | 8.19B | 15.84B | 16.95B | 17.96B | 42.10B | 65.13B | 55.18B | 44.60B | 62.98B | 43.87B | 74.95B | 90.70B | 60.57B | 45.99B | 38.56B | ||||||
| Price to FCFP/FCF | 139.40 | -14.83 | -411.09 | -27.77 | -34.94 | -10.80 | 35.37 | 124.89 | 61.31 | -158.07 | 158.29 | 113.96 | 64.04 | 41.66 | 51.45 | 312.19 | -52.38 | 19.76 | 251.69 | 195.44 | ||||||
| EV to FCF | 120.74 | -12.91 | -349.92 | -12.51 | -22.77 | -3.83 | 24.10 | 84.49 | 42.53 | -135.29 | 139.89 | 96.85 | 51.70 | 35.50 | 37.15 | 264.19 | -45.23 | 15.98 | 194.57 | 150.90 | ||||||
| EV to CFO | 120.74 | -13.04 | -384.71 | -13.33 | -23.67 | -3.90 | 23.31 | 75.88 | 39.67 | -141.43 | 139.89 | 96.85 | 51.70 | 35.50 | 37.15 | 264.19 | -45.23 | 15.98 | 194.57 | 150.90 | ||||||
| Return Ratios | ||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | 22.24% | 36.92% | -47.53% | -129.20% | -94.27% | -88.20% | -16.03% | -10.39% | -11.84% | 645.88% | 46.44% | 23.67% | 14.07% | 45.52% | 34.70% | -1.65% | 25.71% | 15.37% | -1.52% | -9.30% | ||||||
| Return on Capital Employed [ROCE]ROCE | 31.71% | 36.43% | 15.10% | 1.17% | -19.74% | -13.81% | 14.53% | -13.17% | -5.87% | -0.25% | -0.47% | 2.64% | 12.43% | 1.55% | 14.82% | 13.11% | 12.05% | 6.58% | 3.53% | 3.03% | ||||||
| Return on Invested Capital [ROIC]ROIC | 18.62% | 19.05% | 12.83% | -0.85% | -5.90% | -15.78% | -13.91% | -8.28% | -6.11% | 1.51% | 4.07% | 6.38% | 8.13% | 10.63% | 10.13% | 7.48% | 7.19% | 4.19% | 2.13% | 1.94% | ||||||
| Return on Assets [ROA]ROA | 17.29% | 18.24% | 11.49% | -0.44% | -1.13% | -2.61% | -1.99% | -0.92% | -0.56% | 0.13% | 0.74% | 0.47% | 0.54% | 1.65% | 6.63% | 12.66% | 11.74% | 4.13% | 2.74% | -3.57% |