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Coinbase (COIN) Cash Flow Waterfall

Trace Coinbase's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$2.79B

Capex

$0.00

Free Cash Flow

$2.79B

FCF Margin

+100.0%

Cash flow waterfall for Coinbase (COIN) — TTM through Q1 2026

Free cash flow: $2.79B

Note: Other Investing is large — driven mainly by purchases or sales of investments.

Cash flow breakdown for Coinbase (COIN) — TTM through Q1 2026

  • Operating Cash Flow$2.79B
  • Capital Expenditure$0.00
  • Free Cash Flow$2.79B
  • Acquisitions−$764.12M
  • Other Investing−$1.29B
  • Share Buybacks−$1.75B
  • Net Debt Change$3.29B
  • Other Financing−$773.01M
  • Forex Effect$1.13B
  • Net Cash Increase$2.63B
Want to see what drove the FCF change?Free Cash Flow Bridge

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