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Discontinued — last reported Q1 '26

Net debt at other companies

Cloudflare, Inc. logo
Cloudflare, Inc.NET
-5×-5.4×
Zscaler logo
ZscalerZS
19.2×+12.3×
Citigroup logo
CitigroupC
0.1×-0.3×
Morgan Stanley logo
Morgan StanleyMS
-0.2×
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
0.6×-1.3×
American Express logo
American ExpressAXP
0.3×+0.3×

Other financials

Income statement

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Revenue$1.4B-30.5%
Operating income-$21.4M-103%
Net income-$394.1M-701%
EPS (diluted)-$1.49-721%

Balance sheet

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Cash & equivalents$10.2B-23.3%
Total debt$6.5B+50.5%
Total equity$13.5B+28.8%
Total assets$28.8B+32.8%

Cash flow

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Operating cash flow$182.7M-78.6%
CapEx$154.0K+2,467%
Free cash flow$313.8M+179%

Valuation

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Market cap$38.59B-52.8%
Enterprise value$34.89B-52.6%
P/E25.2×-1.1×
P/S5.9×-5.8×

Profitability

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Operating margin10.8%-21.6pp
Net margin41.9%+12.2pp
FCF margin6.6%

Returns & leverage

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Return on equity26%+4.7pp
Debt / equity0.5×+0.1×
Current ratio2.1×-0.4×

Where this comes from

Calculated from Coinbase Global, Inc.’s reported figures.

The source filing: Coinbase Global, Inc.’s 10-Q, filed May 7, 2026. Open the filing →

Filed
May 7, 2026, 4:20 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001679788-26-000054

FAQ

What is Coinbase Global, Inc.'s net debt?
Coinbase Global, Inc. (COIN) reported net debt of -$3.7B in Q1 2026.
How has Coinbase Global, Inc.'s net debt changed year-over-year?
Coinbase Global, Inc.'s net debt increased by 58.8% year-over-year, from -$8.98B to -$3.7B.
What is the long-term trend for Coinbase Global, Inc.'s net debt?
Over 5 years (2020 to 2025), Coinbase Global, Inc.'s net debt has grown at a -0.2% compound annual growth rate (CAGR), from -$4.75B to -$4.7B.
What does net debt mean?
Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

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