Where do Coinbase Global, Inc.'s ratios come from?

Every ratio is computed from Coinbase Global, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Operating margin	10.8%-21.6pp	20%-15.2pp	28.6%—	26.9%—	32.4%—
Returns
Return on invested capital	12.6%-191pp	27.4%—	34.6%—	59.6%—	203.9%—
Efficiency
Asset turnover	0.3×+0.2×	0.3×-0.1×	0×0.0×	0×0.0×	0×0.0×
Liquidity
Current ratio	2.1×-0.4×	2.3×+0.1×	2.4×+1.4×	2.1×+1.1×	2.5×+1.5×
Leverage
Debt-to-equity	0.5×+0.1×	0.4×0.0×	0.5×0.0×	0.4×-0.1×	0.4×-0.1×
Net debt / EBITDA	-4×-0.2×	-2.9×+1.2×	-2.9×—	-4.1×—	-3.8×—
Per Share
Book value per share	$50.91+31.9%	$51.51+37.0%	$54.88+68.2%	$43.36+38.2%	$38.59+28.1%
Valuation
Market capitalization	$46.11B+5.5%	$60.98B-1.9%	$86.71B+97.6%	$87.83B+62.8%	$43.73B-32.1%
Price / sales	7×+0.7×	8.5×-1.0×	11.3×+2.9×	12.5×+1.1×	6.3×-9.9×
Price / book	3.4×-0.8×	4.1×-1.9×	5.4×+0.4×	7.3×+0.8×	4.2×-3.8×
EV / EBITDA	45.5×+31.0×	34.7×+13.2×	34×—	39.5×—	14.6×—

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Where do Coinbase Global, Inc.'s ratios come from?: Every ratio is computed from Coinbase Global, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.