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Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
2012
3.4K+
LTM Revenue $6.0B
LTM EBITDA $2.9B
$60.4B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Coinbase has a last 12-month revenue of $6.0B and a last 12-month EBITDA of $2.9B.
In the most recent fiscal year, Coinbase achieved revenue of $3.1B and an EBITDA of $146M.
Coinbase expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Coinbase valuation multiples based on analyst estimates| FY 2022 | FY 2023 | FY 2024 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $3.2B | $3.1B | $6.0B | $6.0B | XXX |
| Gross Profit | $6.6B | $2.6B | $2.0B | XXX | XXX |
| Gross Margin | 206% | 82% | 34% | XXX | XXX |
| EBITDA | -$2.8B | $146M | $2.9B | $2.9B | XXX |
| EBITDA Margin | -88% | 5% | 49% | 48% | XXX |
| Net Profit | $3.6B | -$2.6B | $94.9M | XXX | XXX |
| Net Margin | 113% | -84% | 2% | XXX | XXX |
| Net Debt | n/a | n/a | n/a | XXX | XXX |
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As of February 7, 2025, Coinbase's stock price is $274.
Coinbase has current market cap of $68.7B, and EV of $60.4B.
See Coinbase trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $60.4B | $68.7B | XXX | XXX | XXX | XXX | $6.36 |
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Sign UpAs of February 7, 2025, Coinbase has market cap of $68.7B and EV of $60.4B.
Coinbase's trades at 10.0x LTM EV/Revenue multiple, and 20.7x LTM EBITDA.
Analysts estimate Coinbase's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Coinbase and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $60.4B | XXX | XXX | XXX |
| EV/Revenue | 10.1x | XXX | XXX | XXX |
| EV/EBITDA | 20.7x | XXX | XXX | XXX |
| P/E | 39.1x | XXX | XXX | XXX |
| P/E/Growth | -3.4x | XXX | XXX | XXX |
| EV/FCF | 18.4x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpCoinbase's NTM/LTM revenue growth is 8%
Coinbase's revenue per employee for the last fiscal year averaged $0.9M, while opex per employee averaged $0.6M for the same period.
Over next 12 months, Coinbase's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Coinbase's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Coinbase and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 93% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 1904% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 57% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.9M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.6M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 17% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 43% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 68% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Phoenix Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Jasmine Technology Solution | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitcoin Group | XXX | XXX | XXX | XXX | XXX | XXX |
| OSL Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Coinbase acquired XXX companies to date.
Last acquisition by Coinbase was XXXXXXXX, XXXXX XXXXX XXXXXX . Coinbase acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Coinbase founded? | Coinbase was founded in 2012. |
| Where is Coinbase headquartered? | Coinbase is headquartered in United States of America. |
| How many employees does Coinbase have? | As of today, Coinbase has 3.4K+ employees. |
| Who is the CEO of Coinbase? | Coinbase's CEO is Mr. Brian Armstrong. |
| Is Coinbase publicy listed? | Yes, Coinbase is a public company listed on NAS. |
| What is the stock symbol of Coinbase? | Coinbase trades under COIN ticker. |
| When did Coinbase go public? | Coinbase went public in 2021. |
| Who are competitors of Coinbase? | Similar companies to Coinbase include e.g. Phoenix Group, Jasmine Technology Solution, Bitcoin Group, OSL Group. |
| What is the current market cap of Coinbase? | Coinbase's current market cap is $68.7B |
| What is the current revenue of Coinbase? | Coinbase's last 12-month revenue is $6.0B. |
| What is the current EBITDA of Coinbase? | Coinbase's last 12-month EBITDA is $2.9B. |
| What is the current EV/Revenue multiple of Coinbase? | Current revenue multiple of Coinbase is 10.0x. |
| What is the current EV/EBITDA multiple of Coinbase? | Current EBITDA multiple of Coinbase is 20.7x. |
| What is the current revenue growth of Coinbase? | Coinbase revenue growth between 2023 and 2024 was 93%. |
| Is Coinbase profitable? | Yes, Coinbase is EBITDA-positive (as of the last 12 months). |
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