Coinbase
Bitcoin wallet and platform where merchants and consumers can transact with the new digital currency bitcoin.
Launch date
Employees
Market cap
€36.8b
Enterprise valuation
€29.5b (Public information from Sep 2024)
Share price
$162.64 COIN
San Francisco California (HQ & founding location)
Corporate Venture Fund: Coinbase Ventures
Financials
Estimates*
USD | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
---|---|---|---|---|---|---|---|
Revenues | 1.3b | 7.8b | 3.2b | 3.1b | 5.3b | 5.2b | 5.4b |
% growth | 139 % | 514 % | (59 %) | (3 %) | 70 % | (2 %) | 4 % |
EBITDA | 440m | 3.1b | (2.8b) | 105m | 2.7b | 2.6b | 2.6b |
% EBITDA margin | 34 % | 40 % | (87 %) | 3 % | 51 % | 50 % | 48 % |
Profit | 322m | 3.6b | (2.6b) | 94.9m | 1.5b | 1.1b | 1.1b |
% profit margin | 25 % | 46 % | (82 %) | 3 % | 28 % | 21 % | 21 % |
EV / revenue | - | 6.5x | 2.2x | 12.7x | 7.8x | 7.7x | 6.8x |
EV / EBITDA | - | 16.2x | -2.6x | 375.6x | 15.3x | 15.4x | 14.1x |
R&D budget | 272m | 1.3b | 2.3b | 1.3b | - | - | - |
R&D % of revenue | 21 % | 16 % | 73 % | 43 % | - | - | - |
Source: Dealroom estimates
Date | Investors | Amount | Round |
---|---|---|---|
- |
| N/A | - |
$600k | Seed | ||
$6.1m | Series A | ||
$25.0m | Series B | ||
$75.0m | Series C | ||
$10.5m | Late VC | ||
* | $108m Valuation: $1.5b | Series D | |
N/A | Series D | ||
N/A | Early VC | ||
N/A | Series D | ||
$300m Valuation: $8.0b | Growth Equity VC | ||
$108m Valuation: $1.5b | Series D | ||
N/A | N/A | Series E | |
$22.0m | Secondary | ||
N/A | Secondary | ||
N/A | Early VC | ||
N/A | $15.0m Valuation: $54.0b 42.3x EV/LTM Revenues 122.8x EV/LTM EBITDA | Secondary | |
N/A | $47.0m Valuation: $100.0b 78.3x EV/LTM Revenues 227.3x EV/LTM EBITDA | Secondary | |
N/A | N/A Valuation: $86.0b 67.3x EV/LTM Revenues 195.5x EV/LTM EBITDA | IPO | |
* | $21.4m | Post IPO Equity | |
* | N/A | Post IPO Equity | |
* | $19.9m | Post IPO Equity | |
* | N/A | $1.0b | Post IPO Convertible |
Total Funding | €576m |
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ACQUISITION by Coinbase May 2014
ACQUISITION by Coinbase Aug 2019
ACQUISITION by Coinbase Jan 2019
ACQUISITION by Coinbase Nov 2021
ACQUISITION by Coinbase Apr 2018
ACQUISITION by Coinbase Jun 2018
ACQUISITION by DMI Finance Jan 2024