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%—
EBITDA margin	14.2%-20.1pp	22.6%-14.5pp	30.6%—	28.8%—	34.2%—
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×
Quick ratio	2.1×-0.4×	2.3×+0.1×	2.4×+1.4×	2.1×+1.1×	2.5×+1.5×
Cash ratio	1.1×-0.8×	1.3×-0.5×	1.6×+1.5×	1.5×+1.5×	1.9×+1.9×
Leverage
Debt-to-equity	0.5×+0.1×	0.4×0.0×	0.5×0.0×	0.4×-0.1×	0.4×-0.1×
Debt-to-assets	0.2×0.0×	0.2×0.0×	0.2×+0.2×	0.2×+0.2×	0.2×+0.2×
Net debt / EBITDA	-4×-0.2×	-2.9×+1.2×	-2.9×—	-4.1×—	-3.8×—
Interest coverage	8.1×-19.3×	16.8×-11.8×	26.3×—	23×—	27.4×—
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%
Enterprise value	$42.41B+22.1%	$56.28B+7.7%	$79.8B+119%	$79.62B+69.7%	$34.74B-38.9%
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×—
EV / sales	6.5×+1.5×	7.8×-0.1×	10.4×+3.4×	11.4×+1.4×	5×-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.