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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
3.8K+
LTM Revenue $6.9B
LTM EBITDA $3.4B
$57.0B
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 (LTM) of $6.9B and a last 12-month EBITDA of $3.4B.
In the most recent fiscal year, Coinbase achieved revenue of $6.6B and an EBITDA of $3.2B.
Coinbase expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Coinbase valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $6.9B | XXX | $6.6B | XXX | XXX | XXX |
| Gross Profit | $5.9B | XXX | $4.9B | XXX | XXX | XXX |
| Gross Margin | 85% | XXX | 75% | XXX | XXX | XXX |
| EBITDA | $3.4B | XXX | $3.2B | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 48% | XXX | XXX | XXX |
| EBIT | $2.2B | XXX | $2.2B | XXX | XXX | XXX |
| EBIT Margin | 32% | XXX | 34% | XXX | XXX | XXX |
| Net Profit | $2.1B | XXX | $2.6B | XXX | XXX | XXX |
| Net Margin | 31% | XXX | 39% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of May 30, 2025, Coinbase's stock price is $247.
Coinbase has current market cap of $62.8B, and EV of $57.0B.
See Coinbase trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $57.0B | $62.8B | XXX | XXX | XXX | XXX | $7.71 |
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Start Free TrialAs of May 30, 2025, Coinbase has market cap of $62.8B and EV of $57.0B.
Coinbase's trades at 8.7x EV/Revenue multiple, and 18.1x EV/EBITDA.
Equity research analysts estimate Coinbase's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Coinbase has a P/E ratio of 29.7x.
See valuation multiples for Coinbase and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $62.8B | XXX | $62.8B | XXX | XXX | XXX |
| EV (current) | $57.0B | XXX | $57.0B | XXX | XXX | XXX |
| EV/Revenue | 8.2x | XXX | 8.7x | XXX | XXX | XXX |
| EV/EBITDA | 17.0x | XXX | 18.1x | XXX | XXX | XXX |
| EV/EBIT | 25.8x | XXX | 25.5x | XXX | XXX | XXX |
| EV/Gross Profit | 9.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | 29.7x | XXX | 24.4x | XXX | XXX | XXX |
| EV/FCF | 22.2x | XXX | 22.3x | 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.
Start Free TrialCoinbase's last 12 month revenue growth is 11%
Coinbase's revenue per employee in the last FY averaged $1.7M, while opex per employee averaged $0.7M for the same period.
Coinbase's rule of 40 is 16% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Coinbase's rule of X is 77% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Coinbase and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 11% | XXX | 11% | XXX | XXX | XXX |
| EBITDA Margin | 49% | XXX | 48% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | 382% | XXX | XXX | XXX |
| Rule of 40 | 16% | XXX | 59% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 77% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $1.7M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 8% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 22% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 41% | 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 |
| Advanced Blockchain | XXX | XXX | XXX | XXX | XXX | XXX |
| Bitcoin Group | XXX | XXX | XXX | XXX | XXX | XXX |
| More Impact | 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 |
Sign up to see revenue and EBITDA valuation multiples for 60K+ M&A deals.
Start Free Trial| 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 3.8K+ 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, Advanced Blockchain, Bitcoin Group. |
| What is the current market cap of Coinbase? | Coinbase's current market cap is $62.8B |
| What is the current revenue of Coinbase? | Coinbase's last 12 months revenue is $6.9B. |
| What is the current revenue growth of Coinbase? | Coinbase revenue growth (NTM/LTM) is 11%. |
| What is the current EV/Revenue multiple of Coinbase? | Current revenue multiple of Coinbase is 8.2x. |
| Is Coinbase profitable? | Yes, Coinbase is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Coinbase? | Coinbase's last 12 months EBITDA is $3.4B. |
| What is Coinbase's EBITDA margin? | Coinbase's last 12 months EBITDA margin is 49%. |
| What is the current EV/EBITDA multiple of Coinbase? | Current EBITDA multiple of Coinbase is 17.0x. |
| What is the current FCF of Coinbase? | Coinbase's last 12 months FCF is $2.6B. |
| What is Coinbase's FCF margin? | Coinbase's last 12 months FCF margin is 37%. |
| What is the current EV/FCF multiple of Coinbase? | Current FCF multiple of Coinbase is 22.2x. |
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