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%—	——	——
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×
Leverage
Debt-to-equity	1.8×+0.1×	1.7×0.0×	1.7×0.0×	1.7×-0.1×	1.9×-0.1×
Net debt / EBITDA	-13.9×-0.2×	-13.7×+1.2×	-14.9×—	——	——
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%
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×—	——	——

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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.