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COINCoinbase Global, Inc.
$165.48$43.6B
Overview & Verdict
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COIN logoCoinbase Global, Inc.(COIN)Earnings, Financials & Key Ratios

COIN•NASDAQ
$159.24
35.8× P/E·Price updated Jul 2, 2026
SectorFinancial ServicesIndustryFinancial Data & ExchangesSub-IndustryCrypto Trading and Market Infrastructure
AboutCoinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. It offers the primary financial account in the cryptoeconomy for consumers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable developers to build crypto-based applications and securely accept crypto assets as payment. The company was founded in 2012 and is based in Wilmington, Delaware.Show more
  • EBITDA$1.62B-33.3%
  • Net Income$1.26B-51.1%
  • EPS (Diluted)4.45-53.1%
  • Gross Margin74.64%-0.1%
  • EBITDA Margin22.61%-39.0%
  • Operating Margin19.99%-43.1%
  • Net Margin17.55%-55.3%
  • ROE10.05%-67.7%

COIN Price & Volume

Coinbase Global, Inc. (COIN) stock price & volume — 10-year historical chart

Loading chart...

Cyclical Revenue Volatility Challenges Operating Margin Stability

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Strained
Financial:Adequate
Cash Flow:Mixed
Primary Risk:Regulatory and Volume Volatility

Key Thesis Takeaways

  • Coinbase's financial performance remains heavily tethered to crypto-asset market cycles, as evidenced by the extreme variance in quarterly net income ranging from a $1.3 billion profit in 2024Q4 to a $666.7 million loss in 2025Q4.
  • While the company maintains a robust liquidity position with $10.7 billion in cash as of 2026Q1, the lack of consistent operating leverage and persistent dilution from over $200 million in quarterly stock-based compensation suggest significant long-term earnings quality risks.
  • Investors should monitor whether the firm can successfully transition toward more predictable, recurring revenue streams to mitigate the impact of transaction-based volume fluctuations on its bottom line.

Verdict Logic

while the company maintains a current ratio of 2.14, the forward P/E of 231.78 suggests that current valuations may not fully account for the inherent volatility of its transaction-dependent business model.

COIN Growth Metrics

Coinbase Global, Inc. (COIN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years41.24%
3 Years31%
TTM-

Profit CAGR

10 Years-
5 Years31.35%
3 Years-
TTM-45.48%

EPS CAGR

10 Years-
5 Years50.31%
3 Years-
TTM-50.19%

Return on Capital

10 Years10.97%
5 Years10.08%
3 Years8.54%
Last Year8.07%

COIN Recent Earnings

Coinbase Global, Inc. (COIN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$1.49-2436.2%
$0.06
Rev
$1.4B-4.9%
$1.5B
Q1 2026
Feb 12, 2026
Metric
Actual
Est
EPS
$2.49-350.5%
$0.99
Rev
$1.8B-1.5%
$1.8B
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$1.44+20.0%
$1.20
Rev
$1.9B+5.5%
$1.8B
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$0.12-90.4%
$1.25
Rev
$1.5B-5.7%
$1.6B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$1.49vs $0.06-2436.2%
$1.4Bvs $1.5B-4.9%
Q1 2026Feb 12, 2026
$2.49vs $0.99-350.5%
$1.8Bvs $1.8B-1.5%
Q4 2025Oct 30, 2025
$1.44vs $1.20+20.0%
$1.9Bvs $1.8B+5.5%
Q3 2025Jul 31, 2025
$0.12vs $1.25-90.4%
$1.5Bvs $1.6B-5.7%
Based on last 12 quarters of dataView full earnings history →

Latest COIN News

Recent stock market news and headlines for Coinbase Global, Inc. (COIN)

24/7 Wall Street·4 days ago
Robinhood Jumps 6% on Bullish Analyst Initiations as Coinbase, Strategy Ride a Crypto-Stock Bounce

Robinhood‘s (NASDAQ:HOOD | HOOD Price Prediction) shares are up 6% to $115 and change in early trading Thursday, leading a broad bounce across cryptocurrency-linked equities.

Zacks Investment Research·5 days ago
Why Open USD Is Poised to Stand Out in the Crowded Stablecoin Market

Open USD, backed by Visa and 140+ partners, aims to boost enterprise stablecoin adoption with free minting, open governance and low-cost settlement.

The Motley Fool·6 days ago
Coinbase Global vs. Robinhood Markets: Which Financial Stock Is a Better Buy in 2026?

Coinbase Global serves as a critical infrastructure provider for the institutional and retail digital asset economy. Robinhood Markets has successfully expanded its platform from basic stock trading into retirement, banking, and global derivatives.

24/7 Wall Street·6 days ago
Coinbase Strategist: Bitcoin Has Survived “6 of These Cycles” in 15 Years and “Over 40 Countries” Hold Bitcoin

Coinbase (NASDAQ:COIN | COIN Price Prediction) Head of Institutional Strategy John D'Agostino used a recent CNBC Squawk Box appearance to push back on the wave of skepticism that has followed a brutal stretch for crypto prices.

247 Wallst·6 days ago
Why U.S. AI Restrictions Could Give China an Unexpected Advantage Following the Android Playbook

CNBC's Deirdre Bosa explained a counterintuitive thesis on the AI cold war in a recent CNBC segment. Paradoxically, she argued that U.S. efforts to wall off access to the most advanced American AI models could unintentionally accelerate China's rise in AI. The concern is that policies designed to protect America's lead may instead encourage developers... Why U.S. AI Restrictions Could Give China an Unexpected Advantage Following the Android Playbook

Peers Comparison

Key metrics vs top competitors for Coinbase Global, Inc. (COIN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
COIN logoCOINCoinbase Global, Inc.Current
$159.24$41.95B35.789.4%17.55%10.05%—
MARA logoMARAMarathon Digital Holdings, Inc.
$13.37$5.1B-3.6238.2%-234.83%-51.65%—
RIOT logoRIOTRiot Platforms, Inc.
$23.96$9.08B-12.2971.89%-132.76%-28.78%—
CLSK logoCLSKCleanSpark, Inc.
$13.62$3.5B12.16102.21%-67.66%-29.93%—
HUT logoHUTHut 8 Corp.
$105.79$11.91B-49.43-90.71%—-17.66%—
CIFR logoCIFRCipher Mining Inc.
$22.84$9.27B-10.6248.04%-512.96%-115.53%—

Compare COIN vs Peers

Coinbase Global, Inc. (COIN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MARA

Most directly comparable listed peer for COIN.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare COIN against a more recognizable public peer.

Peer Set

Compare Top 5

vs MARA, RIOT, CLSK, HUT

COIN SEC Filings & Documents

Coinbase Global, Inc. (COIN) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 7, 2026·SEC

Material company update

May 5, 2026·SEC

Material company update

Apr 10, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 12, 2026·SEC

FY 2025

Feb 13, 2025·SEC

10-Q Quarterly Reports

4
FY 2026

May 7, 2026·SEC

FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

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COIN Frequently Asked Questions

Coinbase Global, Inc. (COIN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Coinbase Global, Inc.'s revenue?

Coinbase Global, Inc. (COIN) reported $5.81B in revenue for fiscal year 2025.

How fast is Coinbase Global, Inc. growing?

Coinbase Global, Inc. (COIN) grew revenue by 9.4% over the past year. This is steady growth.

Is COIN profitable?

Yes, Coinbase Global, Inc. (COIN) is profitable, generating $800.6M in net income for fiscal year 2025 (17.6% net margin).

Dividend & Returns
What is COIN's return on equity?

Coinbase Global, Inc. (COIN) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.

What is Coinbase Global, Inc.'s free cash flow?

Coinbase Global, Inc. (COIN) generated $2.79B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in COIN back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

See returns →