Coinbase Global, Inc.

COINNASDAQFinancial Services● Active

$152.40

$-11.73(-7.15%)

Market Cap$40.2B

P/E Ratio—

52W High$444.65

52W Low$139.36

Avg Volume10.4M

Open$158.66

Beta3.32

Free Cash Flow Financials Revenue

Coinbase Global, Inc. (COIN) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

COIN · free cash flow · updated Jun 8, 2026

Core FCF metrics

COIN · FCF · TTM · margin & CAGR

Free cash flow was $2.43B for FY2025 (fiscal year ending 2025-12-31), down 5.1% year-over-year The FCF margin was 33.8%. Five-year CAGR stands at -4.1%.

FY2025 Free Cash Flow$2.43B▼ -5.1% YoY

Trailing 12M (TTM)$2.79Btrailing 4 quarters sum

FCF Margin33.8%$2.43B ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGR-4.1%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

COIN · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$2.43B(0M)$2.43B▼ 5.1%33.8%

FY2024$2.56B(0M)$2.56B▲ +177.0%39.0%

FY2023$923.0M(0M)$923.0M▲ +158.2%29.7%

FY2022−$1.59B(3M)−$1.59B▼ 140.1%-49.6%

FY2021$4.04B(83M)$3.96B▲ +32.5%50.5%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

COIN · P/FCF · FCF yield · FCF per share

Coinbase Global, Inc. (COIN) trades at a FCF yield of 6.95% and a price-to-free-cash-flow ratio of 14.2x. FCF per share stands at $10.73, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.95%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$10.73

TTM FCF ÷ Shares Outstanding

Price / FCF

x14.2

Share Price ÷ FCF per Share

EV / FCF (TTM)

x13.6

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

COIN · cash flow statement · operating / investing / financing

For FY2025, Coinbase Global, Inc. generated $2.43B in operating cash flow and spent 0M in capital expenditures, yielding $2.43B in free cash flow.

Operating Activities

+$2.43B

Cash from core business operations

2025-12-31

Investing Activities

−$2.05B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$740.3M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($2.43B) − |CapEx| (0M) = FCF ($2.43B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

COIN vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Coinbase Global, Inc.YOU

COIN

$2.43B-5.1%33.8%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Coinbase Global, Inc. (COIN) reported free cash flow of $2.43B for FY2025 (fiscal year ending 2025-12-31), down 5.1% year-over-year. The FCF margin was 33.8%.

Based on available data, Coinbase Global, Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $3.96B in FY2021. The 5-year CAGR stands at -4.1%.

Coinbase Global, Inc.'s FCF yield is 6.95% and price-to-FCF ratio is 14.2x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

COIN free cash flow · 8 questions

Coinbase Global, Inc. free cash flow was $2.43B for FY2025, down 5.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $2.79B.

COIN free cash flowCOIN FCFCOIN FCF 2025COIN free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Coinbase Global, Inc. · Coinbase Global, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026