Coinbase Global Inc
Coinbase Global, Inc. operates platform for crypto assets in the United States and internationally. It provides the primary financial account in the crypto economy for consumers; a brokerage platform with a pool of liquidity across the crypto marketplace for institutions; and a suite of products granting access to build onchain for developers. The company was founded in 2012 and is based in New Y… Read more
Coinbase Global Inc (COIN) - Net Assets
Latest net assets as of December 2025: $14.79 Billion USD
Based on the latest financial reports, Coinbase Global Inc (COIN) has net assets worth $14.79 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($29.67 Billion) and total liabilities ($14.88 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $14.79 Billion |
| % of Total Assets | 49.86% |
| Annual Growth Rate | 76.01% |
| 5-Year Change | 131.8% |
| 10-Year Change | N/A |
| Growth Volatility | 197.5 |
Coinbase Global Inc - Net Assets Trend (2019–2025)
This chart illustrates how Coinbase Global Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Coinbase Global Inc (2019–2025)
The table below shows the annual net assets of Coinbase Global Inc from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $14.79 Billion | +43.95% |
| 2024-12-31 | $10.28 Billion | +63.60% |
| 2023-12-31 | $6.28 Billion | +15.16% |
| 2022-12-31 | $5.45 Billion | -14.53% |
| 2021-12-31 | $6.38 Billion | +562.29% |
| 2020-12-31 | $963.58 Million | +93.85% |
| 2019-12-31 | $497.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Coinbase Global Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1440.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $6.22 Billion | 42.06% |
| Common Stock | $3.00K | 0.00% |
| Other Comprehensive Income | $4.97 Million | 0.03% |
| Other Components | $8.57 Billion | 57.91% |
| Total Equity | $14.79 Billion | 100.00% |
Coinbase Global Inc Competitors by Market Cap
The table below lists competitors of Coinbase Global Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ford Motor Company
NYSE:F
|
$46.29 Billion |
|
WW Grainger Inc
NYSE:GWW
|
$46.36 Billion |
|
IDEXX Laboratories Inc
NASDAQ:IDXX
|
$46.38 Billion |
|
Kroger Company
NYSE:KR
|
$46.45 Billion |
|
Shin-Etsu Chemical Co. Ltd
PINK:SHECF
|
$46.17 Billion |
|
Macquarie Group Limited
PINK:MCQEF
|
$46.05 Billion |
|
Becton Dickinson and Company
NYSE:BDX
|
$45.90 Billion |
|
KDDI Corp PK
PINK:KDDIY
|
$45.75 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Coinbase Global Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,276,842,000 to 14,793,058,000, a change of 4,516,216,000 (43.9%).
- Net income of 1,260,327,000 contributed positively to equity growth.
- Share repurchases of 790,195,000 reduced equity.
- Other comprehensive income increased equity by 55,024,000.
- Other factors increased equity by 3,991,060,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.26 Billion | +8.52% |
| Share Repurchases | $790.20 Million | -5.34% |
| Other Comprehensive Income | $55.02 Million | +0.37% |
| Other Changes | $3.99 Billion | +26.98% |
| Total Change | $- | 43.95% |
Book Value vs Market Value Analysis
This analysis compares Coinbase Global Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.08x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 28.33x to 4.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $7.42 | $210.23 | x |
| 2020-12-31 | $5.18 | $210.23 | x |
| 2021-12-31 | $29.01 | $210.23 | x |
| 2022-12-31 | $24.53 | $210.23 | x |
| 2023-12-31 | $24.69 | $210.23 | x |
| 2024-12-31 | $37.59 | $210.23 | x |
| 2025-12-31 | $51.51 | $210.23 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Coinbase Global Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 8.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.55%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 2.01x
- Recent ROE (8.52%) is below the historical average (10.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -6.11% | -5.69% | 0.22x | 4.81x | $-80.10 Million |
| 2020 | 33.45% | 25.23% | 0.22x | 6.08x | $225.96 Million |
| 2021 | 56.79% | 46.23% | 0.37x | 3.33x | $2.99 Billion |
| 2022 | -48.12% | -82.18% | 0.04x | 16.45x | $-3.17 Billion |
| 2023 | 1.51% | 3.05% | 0.21x | 2.35x | $-533.29 Million |
| 2024 | 25.10% | 39.29% | 0.29x | 2.19x | $1.55 Billion |
| 2025 | 8.52% | 17.55% | 0.24x | 2.01x | $-218.98 Million |
Industry Comparison
This section compares Coinbase Global Inc's net assets metrics with peer companies in the Financial Data & Stock Exchanges industry.
Industry Context
- Industry: Financial Data & Stock Exchanges
- Average net assets among peers: $8,943,878,176
- Average return on equity (ROE) among peers: -193.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Coinbase Global Inc (COIN) | $14.79 Billion | -6.11% | 1.01x | $46.24 Billion |
| ASX Limited (ASXFF) | $2.76 Billion | 10.63% | 2.45x | $7.32 Billion |
| B3 S.A. - Brasil Bolsa Balcão (BOLSY) | $25.40 Billion | 10.69% | 0.58x | $16.93 Billion |
| Bolsa Mexicana de Valores S.A.B. de C.V (BOMXF) | $7.67 Billion | 19.68% | 0.15x | $1.05 Billion |
| Bursa Malaysia Bhd Ord (BSMAF) | $827.48 Million | 20.92% | 1.10x | $835.52 Million |
| Bit Origin Ltd (BTOG) | $909.58K | -1927.48% | 6.35x | $2.63 Million |
| Cboe Global Markets Inc (CBOE) | $3.60 Billion | 14.67% | 0.89x | $30.38 Billion |
| CME Group Inc (CME) | $28.73 Billion | 14.08% | 5.91x | $110.13 Billion |
| Deutsche Börse AG (DBOEF) | $11.26 Billion | 17.31% | 18.73x | $44.04 Billion |
| Dun & Bradstreet Holdings Inc. (DNB) | $250.60 Million | 82.44% | 4.68x | $2.89 Billion |