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Coinbase Global, Inc. (COIN) 10-Year Financial Performance & Capital Metrics

COIN • • Banking & Credit
Financial ServicesFinancial Data & ExchangesCrypto Trading and Market Infrastructure
AboutCoinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. It offers the primary financial account in the cryptoeconomy for consumers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.Show more
  • Net Interest Income $7.1B +8898.9%
  • Total Revenue $6.63B +1.0%
  • Net Income $1.26B -51.1%
  • Return on Equity 10.05% -67.7%
  • Net Interest Margin 23.91% +6784.6%
  • Efficiency Ratio 68.1% +72.0%
  • ROA 4.83% -65.1%
  • Equity / Assets 49.86% +9.4%
  • Book Value per Share 51.51 +37.0%
  • Tangible BV/Share 32.12 -3.4%
  • Debt/Equity 0.52 +14.9%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 31.4%
  • ✓Strong NIM of 23.9%
  • ✓Well capitalized: 49.9% equity/assets

✗Weaknesses

  • ✗Weak momentum: RS Rating 11 (bottom 11%)
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y39.01%
3Y27.57%
TTM-

Profit (Net Income) CAGR

10Y-
5Y31.35%
3Y-
TTM106.12%

EPS CAGR

10Y-
5Y50.31%
3Y-
TTM96.93%

ROCE

10Y Avg10.43%
5Y Avg9.32%
3Y Avg7.27%
Latest4.26%

Peer Comparison

Crypto Trading and Market Infrastructure
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Size & Scale
Valuation
Per Share
Growth
Profitability
Quality & Returns
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Latest Quarter
Momentum & Returns
Total Return (DRIP)
Technical
Volume & Trading
Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
COINCoinbase Global, Inc.7.31B175.8539.521.03%19%20.08%33.19%0.52

Compare COIN vs Peers

Analyze head-to-head performance against top industry competitors across valuation, growth, and profitability metrics.

vs JPM

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vs JPM, BRK-B

Profit & Loss

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Net Interest Income+00-29.16M-88.9M-82.77M-80.64M7.1B
NII Growth %----204.87%6.9%2.56%8898.95%
Net Interest Margin %-------
Interest Income0000007.18B
Interest Expense0029.16M88.9M82.77M80.64M85.41M
Loan Loss Provision82.06M135.51M1.71B540.98M1.05B1.58B1.12B
Non-Interest Income+533.74M1.28B7.84B3.19B3.11B6.56B-549.56M
Non-Interest Income %-------
Total Revenue+533.74M1.28B7.84B3.19B3.11B6.56B6.63B
Revenue Growth %-139.35%513.66%-59.25%-2.69%111.17%1.03%
Non-Interest Expense487.32M733.02M3.02B5.27B2.13B2.6B4.52B
Efficiency Ratio-------
Operating Income+-35.64M408.95M3.08B-2.71B-161.66M2.31B906.58M
Operating Margin %-------
Operating Income Growth %-1247.35%652.31%-188.09%94.04%1527.15%-60.71%
Pretax Income+-45.42M409.2M3.03B-3.06B-76.84M2.94B1.52B
Pretax Margin %-------
Income Tax+-15.03M86.88M-597.17M-439.63M-171.72M363.58M261.74M
Effective Tax Rate %-------
Net Income+-30.39M322.32M3.62B-2.62B94.87M2.58B1.26B
Net Margin %-------
Net Income Growth %-1160.71%1024.4%-172.43%103.61%2618.5%-51.13%
Net Income (Continuing)-30.39M322.32M3.62B-2.62B94.87M2.58B1.26B
EPS (Diluted)+-0.450.5814.50-11.830.379.484.45
EPS Growth %-228.89%2400%-181.59%103.13%2462.16%-53.06%
EPS (Basic)-0.460.5817.47-11.840.4010.424.85
Diluted Shares Outstanding66.99M185.99M219.97M222.34M254.39M273.38M287.21M

Balance Sheet

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash & Short Term Investments+637.37M1.11B7.22B5.29B5.53B9.55B11.93B
Cash & Due from Banks548.95M1.06B7.12B4.43B5.14B8.54B11.62B
Short Term Investments88.43M48.94M100.1M861.15M386.02M1B309.76M
Total Investments+106.03M77.08M1.45B1.61B1.06B2.93B309.76M
Investments Growth %--27.3%1783.97%11.02%-34.27%176.63%-89.43%
Long-Term Investments17.6M28.15M1.35B751.08M673.65M1.93B622.99M
Accounts Receivables17.6M161.53M25.59M191.51M58.93M95.87M0
Goodwill & Intangibles+-------
Goodwill54.7M77.21M625.76M1.07B1.14B1.14B4.17B
Intangible Assets70.14M376.92M176.69M135.43M86.42M46.8M1.4B
PP&E (Net)170.5M150.09M157.62M241.21M205.29M281.23M0
Other Assets62.61M68.29M14.81M28.25M19.84M93.14M9.32B
Total Current Assets1.99B5.13B18.37B86.45B11.36B18.11B13.59B
Total Non-Current Assets404.82M721.47M2.9B3.28B3.4B4.43B16.08B
Total Assets+2.39B5.86B21.27B89.72B14.75B22.54B29.67B
Asset Growth %-144.82%263.33%321.75%-83.56%52.79%31.63%
Return on Assets (ROA)-1.27%7.82%26.72%-4.73%0.18%13.83%4.83%
Accounts Payable5.94M12.03M39.83M56.04M39.29M63.32M117.61M
Total Debt+130.32M379.08M3.51B3.49B2.99B4.63B7.66B
Net Debt-418.63M-682.77M-3.61B-935.28M-2.14B-3.91B-3.96B
Long-Term Debt003.38B3.39B2.98B4.23B5.94B
Short-Term Debt0271.3M20.06M20.52M0300.11M1.72B
Other Liabilities564.7M562.47M14.83M19.53M3.4M3.92M7.22B
Total Current Liabilities1.22B4.25B11.42B80.82B5.49B7.94B1.72B
Total Non-Current Liabilities671.24M644.98M3.47B3.46B2.99B4.32B13.16B
Total Liabilities1.89B4.89B14.89B84.27B8.47B12.27B14.88B
Total Equity+497.09M963.58M6.38B5.45B6.28B10.28B14.79B
Equity Growth %-93.85%562.29%-14.53%15.16%63.6%43.95%
Equity / Assets (Capital Ratio)-------
Return on Equity (ROE)-6.11%44.13%98.68%-44.35%1.62%31.15%10.05%
Book Value per Share7.425.1829.0124.5324.6937.5951.51
Tangible BV per Share-------
Common Stock002K2K2K2K3K
Additional Paid-in Capital93.82M231.02M2.03B3.77B4.49B5.37B8.57B
Retained Earnings403.99M726.3M4.35B1.73B1.82B4.96B6.22B
Accumulated OCI-721K6.26M-3.4M-38.61M-30.27M-50.05M4.97M
Treasury Stock0000000
Preferred Stock0000000

Cash Flow

Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operations+-80.59M3B4.04B-1.59B922.95M2.56B2.43B
Operating CF Growth %-3827.41%34.42%-139.26%158.22%177.03%-5.1%
Net Income-30.39M322.32M3.62B-2.62B94.87M2.58B1.26B
Depreciation & Amortization16.88M30.96M63.65M154.07M139.64M127.52M188.43M
Deferred Taxes-20.9M474K-558.33M-468.04M-216.33M151.31M238.31M
Other Non-Cash Items22.98M-37.14M-53.39M819.12M-202.1M-735.89M-100.12M
Working Capital Changes-100.31M2.62B141.44M-1.03B326.21M-478M0
Cash from Investing+-105.35M50.82M-1.12B-663.82M5.39M-282.38M-2.05B
Purchase of Investments-279.2M-538.41M-3.34B-1.4B-277.37M0-1.17B
Sale/Maturity of Investments1000K1000K1000K1000K1000K00
Net Investment Activity-------
Acquisitions-5.7M33.62M-70.91M-186.15M-30.73M0-742.04M
Other Investing-60.05M-8.89M-289.35M-43.89M-84.63M-282.38M-142.26M
Cash from Financing+-16.61M18.8M9.98B-5.84B-811.33M2.83B740.28M
Dividends Paid0000000
Share Repurchases000000-790.2M
Stock Issued00000126.14M0
Net Stock Activity-------
Debt Issuance (Net)001000K-117K-1000K1000K0
Other Financing-16.61M18.8M6.58B-5.84B-487.32M1.46B740.28M
Net Change in Cash+-202.72M3.07B12.82B-8.25B125.78M5.06B1.21B
Exchange Rate Effect-170K-1000K-1000K-1000K1000K-1000K1000K
Cash at Beginning1.99B1.78B4.86B17.68B9.43B9.56B15.68B
Cash at End1.78B4.86B17.68B9.43B9.56B14.61B16.89B
Interest Paid003.79M82.4M76.14M68.54M0
Income Taxes Paid2.17M62.06M68.61M35.89M39.12M00
Free Cash Flow+-121.06M2.99B3.96B-1.59B922.95M2.56B2.43B
FCF Growth %-2565.84%32.49%-140.08%158.22%177.03%-5.1%

Banking Ratios

Metric2019202020212022202320242025
Return on Equity (ROE)-6.11%44.13%98.68%-44.35%1.62%31.15%10.05%
Return on Assets (ROA)-1.27%7.82%26.72%-4.73%0.18%13.83%4.83%
Net Interest Margin0%0%-0.14%-0.1%-0.56%-0.36%23.91%
Efficiency Ratio91.3%57.38%38.58%165.13%68.67%39.6%68.1%
Equity / Assets20.78%16.46%30%6.08%42.58%45.59%49.86%
Book Value / Share7.425.1829.0124.5324.6937.5951.51
NII Growth----204.87%6.9%2.56%8898.95%

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