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CO

Coinbase Global, Inc.

COINFinancial ServicesNASDAQ

Financial Data & Stock Exchanges

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Financials · Annual
Revenue
$7.18B
+9.4% YoY
Net Income
$1.26B
-51.1% YoY
EBITDA
$1.80B
-43.0% YoY
Free Cash Flow
$2.41B

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About Coinbase Global, Inc.

Coinbase Global, Inc. operates platform for crypto assets in the United States and internationally. The company carries a $49.80B market cap, placing it firmly in the large-cap category. It provides the primary financial account in the crypto economy for consumers; a brokerage platform with a pool of liquidity across the crypto marketplace for institutions; and a suite of products granting access to build onchain for developers.

Key stats
Market Cap$49.80B
P/E (TTM)69.50
Fwd P/E38.15
EPS$2.72
Beta3.38
52W Change-23.4%
ROE6.7%
Analysis

Coinbase Global, Inc. holds $10.44B in cash against $7.96B in total debt, giving it a net cash position. This means the company could theoretically pay off all its debt and still have cash remaining. Annual free cash flow of $2.41B supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 6.7%, which is modest for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 1.9% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $3.19B (2022) to $7.18B (2025), reflecting a 125% increase over the period.

A beta of 3.38 means COIN is more volatile than average. Investors should be prepared for wider price swings relative to broader indices. At over 50x earnings, COIN carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. No single metric tells the full story. Reviewing COIN's risk profile alongside its fundamentals and technical indicators provides a more complete picture.

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