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.

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Operating margin	86.3%-21.6pp	107.9%-15.2pp	123%—	——	——
EBITDA margin	96.2%-20.1pp	116.2%-14.5pp	130.7%—	——	——
Returns
Return on invested capital	134.2%-191pp	325.5%—	——	——	——
Efficiency
Asset turnover	0.6×+0.2×	0.4×-0.1×	0.5×0.0×	0.5×0.0×	0.4×0.0×
Liquidity
Current ratio	9×-0.4×	9.4×+0.1×	9.3×+1.4×	8×+1.1×	6.9×+1.5×
Quick ratio	9×-0.4×	9.4×+0.1×	9.3×+1.4×	8×+1.1×	6.9×+1.5×
Cash ratio	5.5×-0.8×	6.3×-0.5×	6.9×+1.5×	5.3×+1.5×	3.8×+1.9×
Leverage
Debt-to-equity	1.8×+0.1×	1.7×0.0×	1.7×0.0×	1.7×-0.1×	1.9×-0.1×
Debt-to-assets	0.9×0.0×	0.8×0.0×	0.8×+0.2×	0.6×+0.2×	0.4×+0.2×
Net debt / EBITDA	-13.9×-0.2×	-13.7×+1.2×	-14.9×—	——	——
Interest coverage	74.2×-19.3×	93.5×-11.8×	105.3×—	——	——
Per Share
Book value per share	$200.67+6.5%	$188.34+8.0%	$174.43+14.6%	$152.18+8.6%	$140.19+6.4%
Valuation
Market capitalization	$281.63B+0.9%	$279.25B-0.4%	$280.43B+18.0%	$237.6B+16.6%	$203.73B-9.2%
Enterprise value	$258.12B+3.1%	$250.45B+1.6%	$246.42B+21.3%	$203.12B+19.2%	$170.41B-11.5%
Price / sales	39.4×+0.7×	38.6×-1.0×	39.6×+2.9×	36.6×+1.1×	35.6×-9.9×
Price / book	20.2×-0.8×	21×-1.9×	22.9×+0.4×	22.5×+0.8×	21.7×-3.8×
EV / EBITDA	153.7×+31.0×	122.8×+13.2×	109.6×—	——	——
EV / sales	36.1×+1.5×	34.6×-0.1×	34.7×+3.4×	31.3×+1.4×	29.9×-9.3×

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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.