Coinbase Global debt and dilution—

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$6,483.427M

Cash & equivalents

USD millions

$8,614.065M

Net debt

USD millions

$-2,130.638M

Debt / equity

0.5×

Debt / assets

24.5%

Net debt / EBITDA

× · TTM

-2.44×

Debt / FCF

× · TTM

—

Interest coverage

× · TTM

6.92×

Current ratio

2.42×

Diluted shares

Million shares

263.41M shares

Basic shares

Million shares

263.41M shares

Share count growth

3.22%

Share repurchases

USD millions

$181.254M

Quarterly data

Coinbase Global capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal period	Ended	Total debtUSD millions	Cash & equivalentsUSD millions	Net debtUSD millions	Debt / equity×	Debt / assets%	Net debt / EBITDA×	Debt / FCF×	Interest coverage×	Current ratio×	Diluted sharesMillion shares	Basic sharesMillion shares	Share count growth%	Share repurchasesUSD millions
FY 2026 Q2	Jun 30, 2026	6,483.43	8,614.07	-2,130.64	0.5×	24.5%	-2.44×	—	6.92×	2.42×	263.41	263.41	3.22%	181.25
FY 2026 Q1	Mar 31, 2026	7,776.29	10,205.02	-2,428.73	0.58×	26.96%	-2.61×	—	8.1×	2.14×	264.78	264.78	4.29%	1,062.23
FY 2025 Q4	Dec 31, 2025	7,658.72	11,285.45	-3,626.73	0.52×	25.81%	-2.23×	—	16.81×	2.34×	299.21	268.27	6.66%	—
FY 2025 Q3	Sep 30, 2025	7,201.53	8,676.28	-1,474.75	0.45×	22.97%	-0.63×	—	26.34×	2.4×	291.96	262.83	5.63%	—
FY 2025 Q2	Jun 30, 2025	4,240.12	7,539.39	-3,299.27	0.35×	18.06%	-1.64×	—	22.95×	2.13×	278.91	255.19	3.61%	0
FY 2025 Q1	Mar 31, 2025	4,237.09	8,051.17	-3,814.08	0.4×	19.5%	-1.6×	—	27.44×	2.52×	271.25	253.88	4.57%	0
FY 2024 Q4	Dec 31, 2024	4,608.35	8,543.9	-3,935.55	0.45×	20.44%	-1.62×	—	28.61×	2.28×	276.77	251.51	4.92%	—
FY 2024 Q3	Sep 30, 2024	4,231.05	7,723.81	-3,492.76	0.48×	1.46%	-2.31×	—	17.61×	1.03×	267.44	248.83	4.87%	—
FY 2024 Q2	Jun 30, 2024	4,228.02	7,225.54	-2,997.52	0.51×	1.47%	-2.37×	—	14.4×	1.03×	266.83	246.3	4.98%	—
FY 2024 Q1	Mar 31, 2024	4,225.01	6,711.4	-2,486.39	0.52×	1.21%	-2.92×	—	9×	1.02×	267.95	242.79	4.88%	—
FY 2023 Q4	Dec 31, 2023	2,979.96	5,139.35	-2,159.39	0.47×	1.44%	—	—	-1.95×	1.03×	313.48	239.7	5.71%	—
FY 2023 Q3	Sep 30, 2023	3,076.6	5,100.8	-2,024.2	0.52×	2.42%	—	0.74×	-9.72×	1.05×	237.27	237.27	5.96%	—
FY 2023 Q2	Jun 30, 2023	3,334.26	5,166.73	-1,832.48	0.58×	2.42%	—	1.15×	-15.16×	1.04×	234.64	234.61	6.17%	—
FY 2023 Q1	Mar 31, 2023	3,395.61	5,018.41	-1,622.8	0.6×	2.44%	—	—	-25.82×	1.04×	231.49	231.49	6.45%	—
FY 2022 Q4	Dec 31, 2022	3,413.97	4,425.02	-1,011.05	0.63×	3.8%	—	—	-30.49×	1.07×	226.74	226.76	6.09%	—
FY 2022 Q3	Sep 30, 2022	3,391.75	5,006.58	-1,614.83	0.6×	3.05%	—	—	-13.89×	1.05×	223.92	223.92	6.83%	—
FY 2022 Q2	Jun 30, 2022	3,389.54	5,682.07	-2,292.53	0.58×	3.21%	—	—	-5.18×	1.06×	221.03	220.99	7.94%	—
FY 2022 Q1	Mar 31, 2022	—	6,116.39	—	—	—	—	—	29.91×	1.55×	217.47	217.47	173.99%	—
FY 2021 Q4	Dec 31, 2021	3,404.86	7,123.48	-3,718.62	0.53×	16%	-1.18×	0.32×	105.51×	1.61×	252.35	213.74	—	—
FY 2021 Q3	Sep 30, 2021	—	6,352.78	—	—	—	—	—	—	1.65×	250.54	209.6	—	—
FY 2021 Q2	Jun 30, 2021	—	4,365.98	—	—	—	—	—	—	1.47×	248.15	204.73	—	—
FY 2021 Q1	Mar 31, 2021	—	1,983.32	—	—	—	—	—	—	1.2×	127	79.37	—	—

Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · COIN, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt: Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents: Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt: Total debt − cash and equivalents. Negative means net cash.
Debt / equity: Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets: Total debt / total assets × 100.
Net debt / EBITDA: Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF: Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage: TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio: Current assets / positive current liabilities.
Diluted shares: Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares: Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth: Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases: Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.