Coinbase Global total debt 2019–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
Coinbase Global's total debt was 6.89B USD on 30 September 2026, down 6.6% on a year before. At the end of fiscal year 2025 it was 7.83B USD.
Last updated 7 Nov 2026 · Next report 11 Feb 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 6.89B | -6.59% | 8.82B | 1.94B | 0.49 |
| FY2025 | 31 Dec 2025 | 7.83B | +69.16% | 11.91B | 4.08B | 0.53 |
| FY2024 | 31 Dec 2024 | 4.63B | +54.59% | 9.55B | 4.92B | 0.45 |
| FY2023 | 31 Dec 2023 | 2.99B | -14.19% | 5.53B | 2.53B | 0.48 |
| FY2022 | 31 Dec 2022 | 3.49B | -0.61% | 5.29B | 1.80B | 0.64 |
| FY2021 | 31 Dec 2021 | 3.51B | +826.27% | 7.22B | 3.71B | 0.55 |
| FY2020 | 31 Dec 2020 | 379.08M | +190.89% | 1.11B | 731.71M | 0.39 |
| FY2019 | 31 Dec 2019 | 130.32M | — | 637.37M | 507.06M | 0.26 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 6.89B | -6.59% | 8.82B | 1.94B | 0.49 |
| Q2 FY2026 | 30 Jun 2026 | 6.67B | +51.23% | 9.06B | 2.40B | 0.51 |
| Q1 FY2026 | 31 Mar 2026 | 7.96B | +73.34% | 10.68B | 2.72B | 0.59 |
| Q4 FY2025 | 31 Dec 2025 | 7.83B | +69.16% | 11.91B | 4.08B | 0.53 |
| Q3 FY2025 | 30 Sept 2025 | 7.37B | +63.95% | 13.33B | 5.96B | 0.46 |
| Q2 FY2025 | 30 Jun 2025 | 4.41B | -1.25% | 9.55B | 5.14B | 0.36 |
| Q1 FY2025 | 31 Mar 2025 | 4.59B | +1.96% | 10.15B | 5.55B | 0.44 |
| Q4 FY2024 | 31 Dec 2024 | 4.63B | +51.95% | 9.55B | 4.92B | 0.45 |
| Q3 FY2024 | 30 Sept 2024 | 4.50B | +45.31% | 8.48B | 3.99B | 0.52 |
| Q2 FY2024 | 30 Jun 2024 | 4.47B | +33.09% | 8.04B | 3.57B | 0.53 |
| Q1 FY2024 | 31 Mar 2024 | 4.51B | +31.79% | 7.31B | 2.81B | 0.56 |
| Q4 FY2023 | 31 Dec 2023 | 3.05B | -12.69% | 5.53B | 2.48B | 0.49 |
| Q3 FY2023 | 30 Sept 2023 | 3.09B | -10.95% | 5.50B | 2.41B | 0.52 |
| Q2 FY2023 | 30 Jun 2023 | 3.36B | -3.67% | 5.48B | 2.13B | 0.58 |
| Q1 FY2023 | 31 Mar 2023 | 3.42B | -5.93% | 5.32B | 1.90B | 0.60 |
| Q4 FY2022 | 31 Dec 2022 | 3.49B | -0.61% | 5.29B | 1.80B | 0.64 |
| Q3 FY2022 | 30 Sept 2022 | 3.47B | -11.82% | 5.37B | 1.90B | 0.62 |
| Q2 FY2022 | 30 Jun 2022 | 3.48B | +84.57% | 6.04B | 2.56B | 0.60 |
| Q1 FY2022 | 31 Mar 2022 | 3.64B | +449.13% | 6.30B | 2.66B | 0.56 |
| Q4 FY2021 | 31 Dec 2021 | 3.51B | +826.27% | 7.22B | 3.71B | 0.55 |
| Q3 FY2021 | 30 Sept 2021 | 3.94B | — | 6.44B | 2.50B | 0.74 |
| Q2 FY2021 | 30 Jun 2021 | 1.89B | — | 4.51B | 2.62B | 0.41 |
| Q1 FY2021 | 31 Mar 2021 | 662.03M | — | 2.09B | 1.42B | 0.29 |
| Q4 FY2020 | 31 Dec 2020 | 379.08M | +190.89% | 1.11B | 731.71M | 0.39 |
| Q4 FY2019 | 31 Dec 2019 | 130.32M | — | 548.95M | 418.63M | 0.12 |
| Q3 FY2019 | 30 Sept 2019 | 130.32M | — | 548.95M | 418.63M | 0.12 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Balance sheet
Common questions about Coinbase Global's debt
Source: Financial Modeling Prep
