Coinbase Global, Inc.

COIN

COINCoinbase Global, Inc. US flag

NASDAQ Global Select

163.22

USD

-10.77

- -

43.00BMarket Cap

Profitability (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	57.03	142.77	-86.41	5.35	76.06	22.54
Return on Assets (%)	- -	7.82	26.72	-4.73	0.18	13.83	4.83
Return on Capital (%)	- -	47.11	- -	- -	- -	36.62	11.23
Return on Invested Capital (%)	- -	37.73	- -	- -	- -	16.1	6.39
Gross Margin (%)	84.63	89.39	77.82	80.28	63.47	74.78	74.64
EBITDA Margin (%)	-3.52	34.44	41.74	-56.14	2.76	36	22.9
Operating Margin (%)	-6.68	32.01	40.93	-60.96	-1.73	34.06	20.28
Incremental Operating Margin (%)	- -	59.78	42.66	- -	- -	66.24	-126.24
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 (%)	- -	57.03	142.77	-86.41	5.35	76.06	22.54

Credit (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
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	-6.94	0.24	1.07	-1.95	34.86	1.99	4.76
Net Debt/EBITDA	29.25	-1.8	-1.14	0.56	-25.14	-1.99	-2.21
Total Debt/EBIT	-3.66	0.26	1.09	-1.79	-55.72	2.1	5.38
Net Debt/EBIT	15.4	-1.93	-1.16	0.52	40.18	-2.1	-2.49
EBITDA to Interest Expense	- -	- -	112.21	-20.17	1.04	29.3	19.25
EBITDA-CapEx/Interest Expense	- -	- -	110.03	-20.2	1.04	29.3	19.25
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	16.89	12.4	20.45	1.92	12.34	22.01	20.97
Long-Term Debt/Equity (%)	21.43	8.56	54.2	62.98	47.5	42.03	41.3
Long-Term Debt/Capital (%)	19.94	9.89	44	65.87	61.97	44.74	43.48
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 (%)	24.39	12.92	44.66	66.91	62.19	48.62	55.73
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 (%)	3,749.37	347.08	-503.71	-127.95	665.82	-1,355.32	-131.06
EBITDA	-19	440	3,272	-1,793	86	2,363	1,645
EBITDA-CapEx	-52	430	3,208	-1,796	86	2,363	1,645
Operating Income (Loss)	-36	409	3,208	-1,947	-54	2,235	1,456

Liquidity (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
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	16.89	12.4	20.45	1.92	12.34	22.01	20.97
Long-Term Debt/Equity (%)	21.43	8.56	54.2	62.98	47.5	42.03	41.3
Long-Term Debt/Capital (%)	19.94	9.89	44	65.87	61.97	44.74	43.48
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 (%)	24.39	12.92	44.66	66.91	62.19	48.62	55.73
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	0.84	0.87	3.41	0.12	3.83	4.55	3.81

Working Capital (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
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	- -	15.08	67.04	13.14	23.82	32.26	20.13
Accounts Payable Turnover Days	- -	24.2	5.44	27.78	15.32	11.31	18.13
Cash Conversion Cycle	- -	1.39	-1.09	-14.72	1.38	-5.52	-10.41
Inventory to Cash Days	- -	25.59	4.36	13.06	16.7	5.79	7.72
Inventories	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	44,750	7,868	41,010	61,423	58,816
- 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	-507	-1,003	41,038	6,071	38,479	56,548	54,734
Total Capital	534	834	7,862	5,215	4,815	9,655	14,053
Total Debt/Capital (%)	24.39	12.92	44.66	66.91	62.19	48.62	55.73
Total Debt / EV	-0.26	-0.11	0.09	0.57	0.08	0.08	0.14
EV/Sales	- -	- -	5.23	1.9	12.38	8.61	7.62
EV/EBITDA	- -	- -	12.54	- -	447.96	23.93	33.28
EV/EBIT	- -	- -	12.79	- -	- -	25.3	37.59
EV/Cash Flow to Firm	- -	- -	10.08	- -	67.37	17.81	21.92
EV/Free Cash Flow to Firm	- -	- -	9.92	- -	67.37	17.81	21.92
Diluted Market Cap	- -	- -	55,513	7,869	44,244	67,880	64,949
Diluted Enterprise Value	-419	-954	51,900	6,933	42,099	63,265	61,495
EV per Share	- -	- -	231.43	27.31	163.19	228.59	210.44
TTM Sales	534	1,277	7,839	3,194	3,108	6,564	7,181
TTM EBITDA	-19	440	3,272	-1,793	86	2,363	1,645
TTM Operating Income	-36	409	3,208	-1,947	-54	2,235	1,456
TTM Cash Flow to Firm	-81	3,004	4,073	-1,509	571	3,175	2,497
TTM Free Cash Flow to Firm	-47	3,014	4,137	-1,506	571	3,175	2,497

Multiples (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	13.53	-4.97	65.7	21.87	26.77
EV/EBIT	- -	- -	12.79	- -	- -	25.3	37.59
Enterprise Value	-507	-1,003	41,038	6,071	38,479	56,548	54,734
Low Price	- -	- -	208	31.83	31.55	114.51	142.58
EV/Sales	- -	- -	5.23	1.9	12.38	8.61	7.62
EV/EBITDA	- -	- -	12.54	- -	447.96	23.93	33.28
Price/Earnings	- -	- -	12.35	- -	432.27	23.82	46.67
Price/Earnings Average	- -	- -	13	-8.71	194.86	20.76	57.61
Price/Earnings High	- -	- -	21.02	-21.92	465.75	33.55	91.76
Price/Earnings Low	- -	- -	10.18	-2.7	78.42	10.98	29.42
Price/Book Value	- -	- -	10.29	4.56	22.53	12.38	9.45
Price/Book Value Average	- -	- -	10.83	13.25	10.16	10.79	11.67
Price/Book Value High	- -	- -	17.51	33.35	24.27	17.44	18.59
Price/Book Value Low	- -	- -	8.48	4.1	4.09	5.71	5.96
Price/Tangible Book Value	- -	- -	8.02	1.85	8.11	6.76	6.37
Price/Tangible Book Value Average	- -	- -	8.45	5.38	3.66	5.89	7.87
Price/Tangible Book Value High	- -	- -	13.65	13.55	8.74	9.52	12.53
Price/Tangible Book Value Low	- -	- -	6.61	1.67	1.47	3.12	4.02
Price/Sales	- -	- -	5.71	2.46	13.19	9.36	8.19
Price/Sales Average	- -	- -	6.01	7.16	5.95	8.16	10.11
Price/Sales High	- -	- -	9.72	18.01	14.22	13.18	16.1
Price/Sales Low	- -	- -	4.7	2.22	2.39	4.32	5.16
Price/Cash Flow	- -	- -	11.08	-4.96	60.9	19.79	24.24
Price/Cash Flow Average	- -	- -	11.67	-14.42	27.45	17.25	29.93
Price/Cash Flow High	- -	- -	18.86	-36.29	65.62	27.87	47.66
Price/Cash Flow Low	- -	- -	9.13	-4.46	11.05	9.13	15.28
Price/Free Cash Flow Average	- -	- -	14.25	-14.44	29.62	19.06	33.05
Price/Free Cash Flow High	- -	- -	23.03	-36.36	70.79	30.8	52.63
Price/Free Cash Flow Low	- -	- -	11.15	-4.47	11.92	10.09	16.88
EV/Sales Average	- -	- -	5.55	6.86	5.26	7.45	9.63
EV/Sales High	- -	- -	9.25	17.72	13.53	12.48	15.62
EV/Sales Low	- -	- -	4.24	1.92	1.7	3.61	4.68
EV/EBITDA Average	22.31	-2.17	13.3	-12.22	190.25	20.71	42.05
EV/EBITDA High	22.31	-2.17	22.17	-31.56	489.43	34.66	68.22
EV/EBITDA Low	22.31	-2.17	10.17	-3.42	61.64	10.04	20.45
EV/EBIT Average	11.75	-2.33	13.56	-11.26	-304.08	21.89	47.49
EV/EBIT High	11.75	-2.33	22.61	-29.07	-782.26	36.64	77.05
EV/EBIT Low	11.75	-2.33	10.37	-3.15	-98.52	10.61	23.09
Last Price	- -	- -	252.37	35.39	173.92	248.3	226.14
High Price	- -	- -	429.54	258.81	187.39	349.75	444.65
Enterprise Value Average	-419	-954	43,519	21,919	16,342	48,925	69,156
Enterprise Value High	-419	-954	72,553	56,602	42,041	81,905	112,194
Enterprise Value Low	-419	-954	33,270	6,141	5,295	23,713	33,629

Profitability (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	57.03	142.77	-86.41	5.35	76.06	22.54
Return on Assets (%)	- -	7.82	26.72	-4.73	0.18	13.83	4.83
Return on Capital (%)	- -	47.11	- -	- -	- -	36.62	11.23
Return on Invested Capital (%)	- -	37.73	- -	- -	- -	16.1	6.39
Gross Margin (%)	84.63	89.39	77.82	80.28	63.47	74.78	74.64
EBITDA Margin (%)	-3.52	34.44	41.74	-56.14	2.76	36	22.9
Operating Margin (%)	-6.68	32.01	40.93	-60.96	-1.73	34.06	20.28
Incremental Operating Margin (%)	- -	59.78	42.66	- -	- -	66.24	-126.24
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 (%)	- -	57.03	142.77	-86.41	5.35	76.06	22.54

Credit (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
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	-6.94	0.24	1.07	-1.95	34.86	1.99	4.76
Net Debt/EBITDA	29.25	-1.8	-1.14	0.56	-25.14	-1.99	-2.21
Total Debt/EBIT	-3.66	0.26	1.09	-1.79	-55.72	2.1	5.38
Net Debt/EBIT	15.4	-1.93	-1.16	0.52	40.18	-2.1	-2.49
EBITDA to Interest Expense	- -	- -	112.21	-20.17	1.04	29.3	19.25
EBITDA-CapEx/Interest Expense	- -	- -	110.03	-20.2	1.04	29.3	19.25
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	16.89	12.4	20.45	1.92	12.34	22.01	20.97
Long-Term Debt/Equity (%)	21.43	8.56	54.2	62.98	47.5	42.03	41.3
Long-Term Debt/Capital (%)	19.94	9.89	44	65.87	61.97	44.74	43.48
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 (%)	24.39	12.92	44.66	66.91	62.19	48.62	55.73
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 (%)	3,749.37	347.08	-503.71	-127.95	665.82	-1,355.32	-131.06
EBITDA	-19	440	3,272	-1,793	86	2,363	1,645
EBITDA-CapEx	-52	430	3,208	-1,796	86	2,363	1,645
Operating Income (Loss)	-36	409	3,208	-1,947	-54	2,235	1,456

Liquidity (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
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	16.89	12.4	20.45	1.92	12.34	22.01	20.97
Long-Term Debt/Equity (%)	21.43	8.56	54.2	62.98	47.5	42.03	41.3
Long-Term Debt/Capital (%)	19.94	9.89	44	65.87	61.97	44.74	43.48
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 (%)	24.39	12.92	44.66	66.91	62.19	48.62	55.73
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	0.84	0.87	3.41	0.12	3.83	4.55	3.81

Working Capital (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
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	- -	15.08	67.04	13.14	23.82	32.26	20.13
Accounts Payable Turnover Days	- -	24.2	5.44	27.78	15.32	11.31	18.13
Cash Conversion Cycle	- -	1.39	-1.09	-14.72	1.38	-5.52	-10.41
Inventory to Cash Days	- -	25.59	4.36	13.06	16.7	5.79	7.72
Inventories	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	44,750	7,868	41,010	61,423	58,816
- 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	-507	-1,003	41,038	6,071	38,479	56,548	54,734
Total Capital	534	834	7,862	5,215	4,815	9,655	14,053
Total Debt/Capital (%)	24.39	12.92	44.66	66.91	62.19	48.62	55.73
Total Debt / EV	-0.26	-0.11	0.09	0.57	0.08	0.08	0.14
EV/Sales	- -	- -	5.23	1.9	12.38	8.61	7.62
EV/EBITDA	- -	- -	12.54	- -	447.96	23.93	33.28
EV/EBIT	- -	- -	12.79	- -	- -	25.3	37.59
EV/Cash Flow to Firm	- -	- -	10.08	- -	67.37	17.81	21.92
EV/Free Cash Flow to Firm	- -	- -	9.92	- -	67.37	17.81	21.92
Diluted Market Cap	- -	- -	55,513	7,869	44,244	67,880	64,949
Diluted Enterprise Value	-419	-954	51,900	6,933	42,099	63,265	61,495
EV per Share	- -	- -	231.43	27.31	163.19	228.59	210.44
TTM Sales	534	1,277	7,839	3,194	3,108	6,564	7,181
TTM EBITDA	-19	440	3,272	-1,793	86	2,363	1,645
TTM Operating Income	-36	409	3,208	-1,947	-54	2,235	1,456
TTM Cash Flow to Firm	-81	3,004	4,073	-1,509	571	3,175	2,497
TTM Free Cash Flow to Firm	-47	3,014	4,137	-1,506	571	3,175	2,497

Multiples (USD)

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	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	13.53	-4.97	65.7	21.87	26.77
EV/EBIT	- -	- -	12.79	- -	- -	25.3	37.59
Enterprise Value	-507	-1,003	41,038	6,071	38,479	56,548	54,734
Low Price	- -	- -	208	31.83	31.55	114.51	142.58
EV/Sales	- -	- -	5.23	1.9	12.38	8.61	7.62
EV/EBITDA	- -	- -	12.54	- -	447.96	23.93	33.28
Price/Earnings	- -	- -	12.35	- -	432.27	23.82	46.67
Price/Earnings Average	- -	- -	13	-8.71	194.86	20.76	57.61
Price/Earnings High	- -	- -	21.02	-21.92	465.75	33.55	91.76
Price/Earnings Low	- -	- -	10.18	-2.7	78.42	10.98	29.42
Price/Book Value	- -	- -	10.29	4.56	22.53	12.38	9.45
Price/Book Value Average	- -	- -	10.83	13.25	10.16	10.79	11.67
Price/Book Value High	- -	- -	17.51	33.35	24.27	17.44	18.59
Price/Book Value Low	- -	- -	8.48	4.1	4.09	5.71	5.96
Price/Tangible Book Value	- -	- -	8.02	1.85	8.11	6.76	6.37
Price/Tangible Book Value Average	- -	- -	8.45	5.38	3.66	5.89	7.87
Price/Tangible Book Value High	- -	- -	13.65	13.55	8.74	9.52	12.53
Price/Tangible Book Value Low	- -	- -	6.61	1.67	1.47	3.12	4.02
Price/Sales	- -	- -	5.71	2.46	13.19	9.36	8.19
Price/Sales Average	- -	- -	6.01	7.16	5.95	8.16	10.11
Price/Sales High	- -	- -	9.72	18.01	14.22	13.18	16.1
Price/Sales Low	- -	- -	4.7	2.22	2.39	4.32	5.16
Price/Cash Flow	- -	- -	11.08	-4.96	60.9	19.79	24.24
Price/Cash Flow Average	- -	- -	11.67	-14.42	27.45	17.25	29.93
Price/Cash Flow High	- -	- -	18.86	-36.29	65.62	27.87	47.66
Price/Cash Flow Low	- -	- -	9.13	-4.46	11.05	9.13	15.28
Price/Free Cash Flow Average	- -	- -	14.25	-14.44	29.62	19.06	33.05
Price/Free Cash Flow High	- -	- -	23.03	-36.36	70.79	30.8	52.63
Price/Free Cash Flow Low	- -	- -	11.15	-4.47	11.92	10.09	16.88
EV/Sales Average	- -	- -	5.55	6.86	5.26	7.45	9.63
EV/Sales High	- -	- -	9.25	17.72	13.53	12.48	15.62
EV/Sales Low	- -	- -	4.24	1.92	1.7	3.61	4.68
EV/EBITDA Average	22.31	-2.17	13.3	-12.22	190.25	20.71	42.05
EV/EBITDA High	22.31	-2.17	22.17	-31.56	489.43	34.66	68.22
EV/EBITDA Low	22.31	-2.17	10.17	-3.42	61.64	10.04	20.45
EV/EBIT Average	11.75	-2.33	13.56	-11.26	-304.08	21.89	47.49
EV/EBIT High	11.75	-2.33	22.61	-29.07	-782.26	36.64	77.05
EV/EBIT Low	11.75	-2.33	10.37	-3.15	-98.52	10.61	23.09
Last Price	- -	- -	252.37	35.39	173.92	248.3	226.14
High Price	- -	- -	429.54	258.81	187.39	349.75	444.65
Enterprise Value Average	-419	-954	43,519	21,919	16,342	48,925	69,156
Enterprise Value High	-419	-954	72,553	56,602	42,041	81,905	112,194
Enterprise Value Low	-419	-954	33,270	6,141	5,295	23,713	33,629

	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	186	186	217	231	242	254	268
Diluted Weighted Avg Shares	206	186	220	222	254	273	287
Basic Weighted Avg Shares	183	186	177	222	236	247	260
Revenue per Share	2.92	6.87	44.21	14.37	13.18	26.53	27.61
EBITDA per Share	-0.1	2.37	18.45	-8.07	0.36	9.55	6.32
Operating Income per Share	-0.19	2.2	18.09	-8.76	-0.23	9.04	5.6
Basic EPS, GAAP	-0.17	1.73	20.44	-11.81	0.4	10.43	4.85
Basic EPS from Cont Ops	-0.17	1.73	20.44	-11.81	0.4	10.43	4.85
Diluted EPS, GAAP	-0.15	1.73	16.48	-11.81	0.37	9.43	4.39
Diluted EPS from Cont Ops	-0.15	1.73	16.48	-11.81	0.37	9.43	4.39
Dividend per Share	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.44	16.15	22.77	-7.13	2.86	12.55	9.33
Free Cash Flow per Basic Share	-0.62	16.1	22.41	-7.14	2.86	12.55	9.33
Cash & Equivalents per Share	3.48	5.97	40.74	23.78	23.43	38.68	45.81
Book Value per Share	2.21	3.91	24.53	7.76	7.72	20.05	23.92
Tangible Book Value per Share	2.03	2.74	31.46	19.1	21.44	36.75	35.47

Coinbase Global, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)