Coinbase Global, Inc. Financial Ratios — C2OI34 Stock

Profitability (USD)

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	44.13	98.68	-44.35	1.62	31.15	10.05
Return on Assets (%)	- -	7.82	26.72	-4.73	0.18	13.83	4.83
Return on Capital (%)	- -	37.95	- -	- -	- -	21.86	7.08
Return on Invested Capital (%)	- -	37.73	- -	- -	- -	16.62	6.3
Gross Margin (%)	84.63	89.39	77.82	80.28	63.47	74.78	74.64
EBITDA Margin (%)	-5.42	34.44	40.06	-80.02	-0.71	37.09	22.61
Operating Margin (%)	-6.68	32.01	40.93	-60.96	-1.73	34.06	20.28
Incremental Operating Margin (%)	- -	59.78	42.66	110.99	- -	66.24	- -
Pretax Margin (%)	-8.51	32.03	38.61	-95.94	-2.47	44.83	21.19
Profit Margin (%)	-5.69	25.23	46.23	-82.18	3.05	39.29	17.55
Net Income to Common Margin (%)	-5.69	25.23	46.23	-82.18	3.05	39.29	17.55
Effective Tax Rate (%)	- -	21.23	- -	- -	- -	12.36	17.2
Dvd Payout Ratio (%)	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	44.13	98.68	-44.35	1.62	31.15	10.05

Credit (USD)

Credit Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	130	108	3,511	3,490	2,995	4,694	7,831
ST Debt	24	25	52	54	11	374	1,722
LT Debt	107	83	3,459	3,435	2,984	4,320	6,110
Total Debt/EBITDA	-4.51	0.24	1.12	-1.37	-136	1.93	4.82
Net Debt/EBITDA	18.99	-1.8	-1.18	0.4	98.07	-1.93	-2.23
Total Debt/EBIT	-2.85	0.26	1.14	-1.29	-18.52	2.03	5.46
Net Debt/EBIT	11.99	-1.93	-1.21	0.37	13.36	-2.04	-2.53
EBITDA to Interest Expense	- -	- -	107.69	-28.75	-0.27	30.19	19.01
EBITDA-CapEx/Interest Expense	- -	- -	105.5	-28.79	-0.27	30.19	19.01
EBIT to Interest Expense	- -	- -	110.03	-21.9	-0.65	27.72	17.05
Interest Expense	- -	- -	29	89	83	81	85
Common Equity/Total Assets	20.78	16.46	30	6.08	42.58	45.59	49.86
Long-Term Debt/Equity (%)	21.43	8.56	54.2	62.98	47.5	42.03	41.3
Long-Term Debt/Capital (%)	16.98	7.7	34.96	38.41	32.17	28.85	27.01
Long-Term Debt/Total Assets (%)	4.45	1.41	16.26	3.83	20.22	19.16	20.59
Total Debt/Equity (%)	26.22	11.19	55.02	63.98	47.67	45.68	52.94
Total Debt/Capital (%)	20.77	10.06	35.49	39.02	32.28	31.35	34.61
Total Debt/Total Assets (%)	5.45	1.84	16.5	3.89	20.3	20.82	26.39
Net Debt to Equity	-110.43	-82.04	-58.27	-18.54	-34.38	-45.73	-24.52
Net Debt/Capital (%)	-699.67	-8,311.05	-134.27	-22.37	-52.2	-83	-31.98
EBITDA	-29	440	3,140	-2,556	-22	2,435	1,624
EBITDA-CapEx	-62	430	3,077	-2,559	-22	2,435	1,624
Operating Income (Loss)	-36	409	3,208	-1,947	-54	2,235	1,456

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.52	0.26	0.63	0.07	1.01	1.21	1.37
Current Ratio	1.62	1.21	1.61	1.07	2.07	2.28	2.34
Quick Ratio	0.6	0.31	0.66	0.07	1.12	1.32	1.57
CFO/Avg Current Liab	- -	1.1	0.52	-0.03	0.02	0.46	0.29
Common Equity/Total Assets	20.78	16.46	30	6.08	42.58	45.59	49.86
Long-Term Debt/Equity (%)	21.43	8.56	54.2	62.98	47.5	42.03	41.3
Long-Term Debt/Capital (%)	16.98	7.7	34.96	38.41	32.17	28.85	27.01
Long-Term Debt/Total Assets (%)	4.45	1.41	16.26	3.83	20.22	19.16	20.59
Total Debt/Equity (%)	26.22	11.19	55.02	63.98	47.67	45.68	52.94
Total Debt/Capital (%)	20.77	10.06	35.49	39.02	32.28	31.35	34.61
Total Debt/Total Assets (%)	5.45	1.84	16.5	3.89	20.3	20.82	26.39
CFO/Total Liabilities	-4.25	61.41	27.12	-1.88	7.95	25.31	16.31
CFO/CapEx	-2.4	303.04	63.38	-540.55	- -	- -	- -
Altman's Z-Score	- -	- -	3.63	0.12	3.6	4.23	3.57

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	14.26	83.79	27.95	21.85	63.04	47.27
Days Sales Outstanding	- -	25.59	4.36	13.06	16.7	5.79	7.72
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	50,379	6,879	37,772	54,789	52,704
- Cash & Cash Equivalents	549	1,062	7,123	4,425	5,139	9,308	11,285
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	130	108	3,511	3,490	2,995	4,694	7,831
Enterprise Value	- -	- -	46,667	5,082	35,241	49,914	48,622
Total Capital	627	1,071	9,893	8,944	9,276	14,971	22,625
Total Debt/Capital (%)	20.77	10.06	35.49	39.02	32.28	31.35	34.61
Total Debt / EV	- -	- -	0.08	0.69	0.08	0.09	0.16
EV/Sales	- -	- -	5.95	1.59	11.34	7.6	6.77
EV/EBITDA	- -	- -	14.86	- -	- -	20.5	29.94
EV/EBIT	- -	- -	15.17	- -	- -	21.63	33.87
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	15.72	19.47
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	15.72	19.47
Diluted Market Cap	- -	- -	51,040	6,624	39,698	59,053	56,517
Diluted Enterprise Value	- -	- -	47,328	4,828	37,167	54,177	52,434
EV per Share	- -	- -	10.18	1.04	6.9	9.32	8.6
TTM Sales	534	1,277	7,839	3,194	3,108	6,564	7,181
TTM EBITDA	-29	440	3,140	-2,556	-22	2,435	1,624
TTM Operating Income	-36	409	3,208	-1,947	-54	2,235	1,456
TTM Cash Flow to Firm	- -	3,004	- -	- -	- -	3,175	2,497
TTM Free Cash Flow to Firm	- -	2,994	- -	- -	- -	3,175	2,497

Multiples (USD)

Valuation Multiples API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	12.84	-4.17	58.95	19.03	23.29
EV/EBIT	- -	- -	15.17	- -	- -	21.63	33.87
Enterprise Value	- -	- -	46,667	5,082	35,241	49,914	48,622
Low Price	- -	- -	9.06	1.28	1.28	4.58	5.71
EV/Sales	- -	- -	5.95	1.59	11.34	7.6	6.77
EV/EBITDA	- -	- -	14.86	- -	- -	20.5	29.94
Price/Earnings	- -	- -	11.35	- -	387.85	20.72	40.61
Price/Earnings Average	- -	- -	11.54	- -	163.86	17.52	49.01
Price/Earnings High	- -	- -	15.27	- -	393.59	28.32	76.7
Price/Earnings Low	- -	- -	9.36	- -	67.08	9.28	24.87
Price/Book Value	- -	- -	7.89	1.26	6.01	5.33	3.56
Price/Book Value Average	- -	- -	8.02	3.68	2.54	4.51	4.3
Price/Book Value High	- -	- -	10.62	9.63	6.1	7.29	6.73
Price/Book Value Low	- -	- -	6.51	1.14	1.04	2.39	2.18
Price/Tangible Book Value	- -	- -	9.03	1.62	7.47	6.03	5.71
Price/Tangible Book Value Average	- -	- -	9.18	4.73	3.16	5.1	6.89
Price/Tangible Book Value High	- -	- -	12.15	12.37	7.58	8.24	10.79
Price/Tangible Book Value Low	- -	- -	7.45	1.46	1.29	2.7	3.5
Price/Sales	- -	- -	5.25	2.07	11.84	8.14	7.13
Price/Sales Average	- -	- -	5.33	6.05	5	6.88	8.6
Price/Sales High	- -	- -	7.06	15.83	12.01	11.13	13.46
Price/Sales Low	- -	- -	4.33	1.87	2.05	3.65	4.36
Price/Cash Flow	- -	- -	10.19	-4.18	54.64	17.22	21.09
Price/Cash Flow Average	- -	- -	10.35	-12.19	23.09	14.56	25.45
Price/Cash Flow High	- -	- -	13.7	-31.9	55.45	23.53	39.84
Price/Cash Flow Low	- -	- -	8.4	-3.78	9.45	7.71	12.92
Price/Free Cash Flow Average	- -	- -	13.05	-12.17	24.91	16.09	28.11
Price/Free Cash Flow High	- -	- -	17.27	-31.85	59.82	26	44
Price/Free Cash Flow Low	- -	- -	10.59	-3.77	10.2	8.52	14.26
EV/Sales Average	- -	- -	6.06	5.72	4.32	6.32	8.29
EV/Sales High	- -	- -	8.17	15.88	11.52	10.66	13.29
EV/Sales Low	- -	- -	4.83	1.38	1.29	3	3.93
EV/EBITDA Average	- -	- -	15.12	- -	- -	17.03	36.65
EV/EBITDA High	- -	- -	20.4	- -	- -	28.75	58.79
EV/EBITDA Low	- -	- -	12.05	- -	- -	8.08	17.36
EV/EBIT Average	- -	- -	15.43	- -	- -	17.97	41.46
EV/EBIT High	- -	- -	20.82	- -	- -	30.34	66.51
EV/EBIT Low	- -	- -	12.3	- -	- -	8.53	19.64
Last Price	- -	- -	10.99	1.41	7.39	10.23	9.32
High Price	- -	- -	14.78	10.78	7.5	13.98	17.61
Enterprise Value Average	- -	- -	47,478	18,278	13,427	41,458	59,520
Enterprise Value High	- -	- -	64,050	50,728	35,799	70,003	95,469
Enterprise Value Low	- -	- -	37,833	4,421	4,002	19,673	28,191

Per Share Data Items (USD)

Per-Share Data API ChatGPT

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Shares Outstanding	3,927	3,927	4,584	4,874	5,110	5,355	5,655
Diluted Weighted Avg Shares	4,340	3,927	4,644	4,694	5,371	5,771	6,064
Basic Weighted Avg Shares	3,862	3,927	3,744	4,693	4,978	5,223	5,491
Revenue per Share	0.14	0.33	2.09	0.68	0.62	1.26	1.31
EBITDA per Share	-0.01	0.11	0.84	-0.54	- -	0.47	0.3
Operating Income per Share	-0.01	0.1	0.86	-0.41	-0.01	0.43	0.27
Basic EPS, GAAP	-0.01	0.08	0.97	-0.56	0.02	0.49	0.23
Basic EPS from Cont Ops	-0.01	0.08	0.97	-0.56	0.02	0.49	0.23
Diluted EPS, GAAP	-0.01	0.08	0.78	-0.56	0.02	0.45	0.21
Diluted EPS from Cont Ops	-0.01	0.08	0.78	-0.56	0.02	0.45	0.21
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.02	0.77	1.08	-0.34	0.14	0.59	0.44
Free Cash Flow per Basic Share	-0.03	0.76	1.06	-0.34	0.14	0.59	0.44
Cash & Equivalents per Share	0.16	0.28	1.58	1.08	1.08	1.79	2.11
Book Value per Share	0.13	0.25	1.39	1.12	1.23	1.92	2.62
Tangible Book Value per Share	0.09	0.13	1.22	0.87	0.99	1.7	1.63