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Coinbase Global, Inc.(COIN)Earnings, Financials & Key Ratios
COIN•NASDAQ•Banking & Credit
$197.96
$56.86B mkt cap·44.5× P/E·Price updated May 6, 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
- Net Interest Income$7.1B+8898.9%
- Total Revenue$6.63B+1.0%
- Net Income$1.26B-51.1%
- Return on Equity10.05%-67.7%
- Net Interest Margin23.91%+6784.6%
- Efficiency Ratio68.1%+72.0%
- ROA4.83%-65.1%
- Equity / Assets49.86%+9.4%
- Book Value per Share51.51+37.0%
- Tangible BV/Share32.12-3.4%
- Debt/Equity0.52+14.9%
COIN Key Insights
Coinbase Global, Inc. (COIN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y profit CAGR of 31.4%
- ✓Strong NIM of 23.9%
- ✓Well capitalized: 49.9% equity/assets
✗Weaknesses
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
COIN Price & Volume
Coinbase Global, Inc. (COIN) stock price & volume — 10-year historical chart
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COIN Growth Metrics
Coinbase Global, Inc. (COIN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years39.01%
3 Years27.57%
TTM-
Profit CAGR
10 Years-
5 Years31.35%
3 Years-
TTM106.12%
EPS CAGR
10 Years-
5 Years50.31%
3 Years-
TTM96.93%
Return on Capital
10 Years10.43%
5 Years9.32%
3 Years7.27%
Last Year4.26%
COIN Recent Earnings
Coinbase Global, Inc. (COIN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 7/12 qtrs (58%)
Q1 2026Latest
Feb 12, 2026EPS
$2.49
Est $0.99
-350.5%
Revenue
$1.8B
Est $1.8B
-1.5%
Q4 2025
Oct 30, 2025EPS
$1.44
Est $1.20
+20.0%
Revenue
$1.9B
Est $1.8B
+5.5%
Q3 2025
Jul 31, 2025EPS
$0.12
Est $1.25
-90.4%
Revenue
$1.5B
Est $1.6B
-5.7%
Q2 2025
May 8, 2025EPS
$1.94
Est $1.94
+0.0%
Revenue
$2.0B
Est $2.1B
-1.8%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 12, 2026 | $2.49vs $0.99-350.5% | $1.8Bvs $1.8B-1.5% |
| Q4 2025 | Oct 30, 2025 | $1.44vs $1.20+20.0% | $1.9Bvs $1.8B+5.5% |
| Q3 2025 | Jul 31, 2025 | $0.12vs $1.25-90.4% | $1.5Bvs $1.6B-5.7% |
| Q2 2025 | May 8, 2025 | $1.94vs $1.94+0.0% | $2.0Bvs $2.1B-1.8% |
Based on last 12 quarters of dataView full earnings history →
COIN Peer Comparison
Coinbase Global, Inc. (COIN) competitors in Crypto Trading and Market Infrastructure — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MARA | 4.95B | 13.03 | -3.53 | 38.2% | -30.54% | 1.05 | ||
 RIOT | 8.98B | 23.68 | -12.14 | 71.89% | -28.78% | 0.10 | ||
 CLSK | 3.71B | 14.50 | 12.95 | 102.21% | -33.25% | -13.75% | 0.38 | |
 HUT | 12.08B | 108.94 | -50.91 | -90.71% | -17.66% | 0.25 | ||
 CIFR | 8.89B | 21.91 | -10.19 | 48.04% | -115.53% | 3.31 | ||
 HOOD | 71.21B | 79.05 | 38.56 | 51.58% | 21.38% | 1.68 | ||
 IBKR | 38.79B | 87.04 | 39.21 | 9.83% | 5.18% | 0.00 | ||
 SCHW | 163.74B | 92.15 | 30.82 | 1.87% | 291.38% | 0.93 |
Compare COIN vs Peers
Coinbase Global, Inc. (COIN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
COIN Income Statement
Coinbase Global, Inc. (COIN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 0 | 0 | -29.16M | -88.9M | -82.77M | -80.64M | 7.1B | -83.36M |
| NII Growth % | - | - | - | -204.87% | 6.9% | 2.56% | 8898.95% | -23.35% |
| Net Interest Margin % | 0% | 0% | -0.14% | -0.1% | -0.56% | -0.36% | 23.91% | -0.27% |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 7.18B | 0 |
| Interest Expense | 0 | 0 | 29.16M | 88.9M | 82.77M | 80.64M | 85.41M | 83.36M |
| Loan Loss Provision | 82.06M | 135.51M | 1.71B | 540.98M | 1.05B | 1.58B | 1.12B | 1.65B |
| Non-Interest Income | 533.74M | 1.28B | 7.84B | 3.19B | 3.11B | 6.56B | -549.56M | 7.67B |
| Non-Interest Income % | 100% | 100% | 100% | 100% | 100% | 100% | -8.29% | 100% |
| Total Revenue | 533.74M▲ 0% | 1.28B▲ 139.3% | 7.84B▲ 513.7% | 3.19B▼ 59.3% | 3.11B▼ 2.7% | 6.56B▲ 111.2% | 6.63B▲ 1.0% | 7.67B▲ 0% |
| Revenue Growth % | - | 139.35% | 513.66% | -59.25% | -2.69% | 111.17% | 1.03% | 220.73% |
| Non-Interest Expense | 487.32M | 733.02M | 3.02B | 5.27B | 2.13B | 2.6B | 4.52B | 3.74B |
| Efficiency Ratio | 91.3% | 57.38% | 38.58% | 165.13% | 68.67% | 39.6% | 68.1% | 48.73% |
| Operating Income | -35.64M▲ 0% | 408.95M▲ 1247.4% | 3.08B▲ 652.3% | -2.71B▼ 188.1% | -161.66M▲ 94.0% | 2.31B▲ 1527.2% | 906.58M▼ 60.7% | 2.2B▲ 0% |
| Operating Margin % | -6.68% | 32.01% | 39.24% | -84.85% | -5.2% | 35.15% | 13.67% | 28.62% |
| Operating Income Growth % | - | 1247.35% | 652.31% | -188.09% | 94.04% | 1527.15% | -60.71% | - |
| Pretax Income | -45.42M▲ 0% | 409.2M▲ 1001.0% | 3.03B▲ 639.7% | -3.06B▼ 201.2% | -76.84M▲ 97.5% | 2.94B▲ 3929.3% | 1.52B▼ 48.3% | 3.91B▲ 0% |
| Pretax Margin % | -8.51% | 32.03% | 38.61% | -95.94% | -2.47% | 44.83% | 22.95% | 50.9% |
| Income Tax | -15.03M | 86.88M | -597.17M | -439.63M | -171.72M | 363.58M | 261.74M | 687.01M |
| Effective Tax Rate % | 33.09% | 21.23% | -19.73% | 14.35% | 223.46% | 12.36% | 17.2% | 17.59% |
| Net Income | -30.39M▲ 0% | 322.32M▲ 1160.7% | 3.62B▲ 1024.4% | -2.62B▼ 172.4% | 94.87M▲ 103.6% | 2.58B▲ 2618.5% | 1.26B▼ 51.1% | 3.22B▲ 0% |
| Net Margin % | -5.69% | 25.23% | 46.23% | -82.18% | 3.05% | 39.29% | 19% | 41.95% |
| Net Income Growth % | - | 1160.71% | 1024.4% | -172.43% | 103.61% | 2618.5% | -51.13% | 106.12% |
| Net Income (Continuing) | -30.39M | 322.32M | 3.62B | -2.62B | 94.87M | 2.58B | 1.26B | 3.22B |
| EPS (Diluted) | -0.45▲ 0% | 0.58▲ 228.9% | 14.50▲ 2400.0% | -11.83▼ 181.6% | 0.37▲ 103.1% | 9.48▲ 2462.2% | 4.45▼ 53.1% | 11.02▲ 0% |
| EPS Growth % | - | 228.89% | 2400% | -181.59% | 103.13% | 2462.16% | -53.06% | 96.93% |
| EPS (Basic) | -0.46 | 0.58 | 17.47 | -11.84 | 0.40 | 10.42 | 4.85 | - |
| Diluted Shares Outstanding | 66.99M | 185.99M | 219.97M | 222.34M | 254.39M | 273.38M | 287.21M | 291.96M |
COIN Balance Sheet
Coinbase Global, Inc. (COIN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 637.37M | 1.11B | 7.22B | 5.29B | 5.53B | 9.55B | 11.93B | 42.57B |
| Cash & Due from Banks | 548.95M | 1.06B | 7.12B | 4.43B | 5.14B | 8.54B | 11.62B | 8.68B |
| Short Term Investments | 88.43M | 48.94M | 100.1M | 861.15M | 386.02M | 1B | 309.76M | 4.66B |
| Total Investments | 106.03M | 77.08M | 1.45B | 1.61B | 1.06B | 2.93B | 309.76M | 7.65B |
| Investments Growth % | - | -27.3% | 1783.97% | 11.02% | -34.27% | 176.63% | -89.43% | 593.31% |
| Long-Term Investments | 17.6M | 28.15M | 1.35B | 751.08M | 673.65M | 1.93B | 622.99M | 10.38B |
| Accounts Receivables | 17.6M | 161.53M | 25.59M | 191.51M | 58.93M | 95.87M | 0 | 152.94M |
| Goodwill & Intangibles | 124.83M | 454.13M | 802.45M | 1.21B | 1.23B | 1.19B | 5.57B | 5.42B |
| Goodwill | 54.7M | 77.21M | 625.76M | 1.07B | 1.14B | 1.14B | 4.17B | 4B |
| Intangible Assets | 70.14M | 376.92M | 176.69M | 135.43M | 86.42M | 46.8M | 1.4B | 1.42B |
| PP&E (Net) | 170.5M | 150.09M | 157.62M | 241.21M | 205.29M | 281.23M | 0 | 399.12M |
| Other Assets | 62.61M | 68.29M | 14.81M | 28.25M | 19.84M | 93.14M | 9.32B | 114.03M |
| Total Current Assets | 1.99B | 5.13B | 18.37B | 86.45B | 11.36B | 18.11B | 13.59B | 22.09B |
| Total Non-Current Assets | 404.82M | 721.47M | 2.9B | 3.28B | 3.4B | 4.43B | 16.08B | 9.26B |
| Total Assets | 2.39B▲ 0% | 5.86B▲ 144.8% | 21.27B▲ 263.3% | 89.72B▲ 321.7% | 14.75B▼ 83.6% | 22.54B▲ 52.8% | 29.67B▲ 31.6% | 31.35B▲ 0% |
| Asset Growth % | - | 144.82% | 263.33% | 321.75% | -83.56% | 52.79% | 31.63% | -222% |
| Return on Assets (ROA) | -1.27% | 7.82% | 26.72% | -4.73% | 0.18% | 13.83% | 4.83% | 10.27% |
| Accounts Payable | 5.94M | 12.03M | 39.83M | 56.04M | 39.29M | 63.32M | 117.61M | 85.86M |
| Total Debt | 130.32M | 379.08M | 3.51B | 3.49B | 2.99B | 4.63B | 7.66B | 7.37B |
| Net Debt | -418.63M | -682.77M | -3.61B | -935.28M | -2.14B | -3.91B | -3.96B | -1.3B |
| Long-Term Debt | 0 | 0 | 3.38B | 3.39B | 2.98B | 4.23B | 5.94B | 5.93B |
| Short-Term Debt | 0 | 271.3M | 20.06M | 20.52M | 0 | 300.11M | 1.72B | 1.27B |
| Other Liabilities | 564.7M | 562.47M | 14.83M | 19.53M | 3.4M | 3.92M | 7.22B | 35.23M |
| Total Current Liabilities | 1.22B | 4.25B | 11.42B | 80.82B | 5.49B | 7.94B | 1.72B | 9.19B |
| Total Non-Current Liabilities | 671.24M | 644.98M | 3.47B | 3.46B | 2.99B | 4.32B | 13.16B | 6.14B |
| Total Liabilities | 1.89B | 4.89B | 14.89B | 84.27B | 8.47B | 12.27B | 14.88B | 15.33B |
| Total Equity | 497.09M▲ 0% | 963.58M▲ 93.8% | 6.38B▲ 562.3% | 5.45B▼ 14.5% | 6.28B▲ 15.2% | 10.28B▲ 63.6% | 14.79B▲ 43.9% | 16.02B▲ 0% |
| Equity Growth % | - | 93.85% | 562.29% | -14.53% | 15.16% | 63.6% | 43.95% | 221.37% |
| Equity / Assets (Capital Ratio) | 20.78% | 16.46% | 30% | 6.08% | 42.58% | 45.59% | 49.86% | 51.11% |
| Return on Equity (ROE) | -6.11% | 44.13% | 98.68% | -44.35% | 1.62% | 31.15% | 10.05% | 20.08% |
| Book Value per Share | 7.42 | 5.18 | 29.01 | 24.53 | 24.69 | 37.59 | 51.51 | 54.88 |
| Tangible BV per Share | 5.56 | 2.74 | 25.36 | 19.09 | 19.87 | 33.25 | 32.12 | 36.31 |
| Common Stock | 0 | 0 | 2K | 2K | 2K | 2K | 3K | 3K |
| Additional Paid-in Capital | 93.82M | 231.02M | 2.03B | 3.77B | 4.49B | 5.37B | 8.57B | 9.13B |
| Retained Earnings | 403.99M | 726.3M | 4.35B | 1.73B | 1.82B | 4.96B | 6.22B | 6.89B |
| Accumulated OCI | -721K | 6.26M | -3.4M | -38.61M | -30.27M | -50.05M | 4.97M | 3.54M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
COIN Cash Flow Statement
Coinbase Global, Inc. (COIN) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -80.59M | 3B | 4.04B | -1.59B | 922.95M | 2.56B | 2.43B | 2.43B |
| Operating CF Growth % | - | 3827.41% | 34.42% | -139.26% | 158.22% | 177.03% | -5.1% | 18311.23% |
| Net Income | -30.39M | 322.32M | 3.62B | -2.62B | 94.87M | 2.58B | 1.26B | 3.22B |
| Depreciation & Amortization | 16.88M | 30.96M | 63.65M | 154.07M | 139.64M | 127.52M | 188.43M | 150.31M |
| Deferred Taxes | -20.9M | 474K | -558.33M | -468.04M | -216.33M | 151.31M | 238.31M | 576.74M |
| Other Non-Cash Items | 22.98M | -37.14M | -53.39M | 819.12M | -202.1M | -735.89M | -100.12M | -4.21B |
| Working Capital Changes | -100.31M | 2.62B | 141.44M | -1.03B | 326.21M | -478M | 0 | -243.78M |
| Cash from Investing | -105.35M | 50.82M | -1.12B | -663.82M | 5.39M | -282.38M | -2.05B | -1.7B |
| Purchase of Investments | -279.2M | -538.41M | -3.34B | -1.4B | -277.37M | 0 | -1.17B | -661.45M |
| Sale/Maturity of Investments | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 |
| Net Investment Activity | -278.2M | -537.41M | -3.33B | -1.4B | -276.37M | 0 | -1.17B | -661.45M |
| Acquisitions | -5.7M | 33.62M | -70.91M | -186.15M | -30.73M | 0 | -742.04M | -1000K |
| Other Investing | -60.05M | -8.89M | -289.35M | -43.89M | -84.63M | -282.38M | -142.26M | -300.13M |
| Cash from Financing | -16.61M | 18.8M | 9.98B | -5.84B | -811.33M | 2.83B | 740.28M | 4.04B |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | -790.2M | -308.8M |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 126.14M | 0 | 45.92M |
| Net Stock Activity | 0 | 0 | 0 | 0 | 0 | 126.14M | -790.2M | -262.88M |
| Debt Issuance (Net) | 0 | 0 | 1000K | -117K | -1000K | 1000K | 0 | -2M |
| Other Financing | -16.61M | 18.8M | 6.58B | -5.84B | -487.32M | 1.46B | 740.28M | 5.78B |
| Net Change in Cash | -202.72M▲ 0% | 3.07B▲ 1615.2% | 12.82B▲ 317.5% | -8.25B▼ 164.3% | 125.78M▲ 101.5% | 5.06B▲ 3918.8% | 1.21B▼ 76.1% | 2.69B▲ 0% |
| Exchange Rate Effect | -170K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 2M |
| Cash at Beginning | 1.99B | 1.78B | 4.86B | 17.68B | 9.43B | 9.56B | 15.68B | 12.63B |
| Cash at End | 1.78B | 4.86B | 17.68B | 9.43B | 9.56B | 14.61B | 16.89B | 14.31B |
| Interest Paid | 0 | 0 | 3.79M | 82.4M | 76.14M | 68.54M | 0 | 35.12M |
| Income Taxes Paid | 2.17M | 62.06M | 68.61M | 35.89M | 39.12M | 0 | 0 | -96.42M |
| Free Cash Flow | -121.06M▲ 0% | 2.99B▲ 2565.8% | 3.96B▲ 32.5% | -1.59B▼ 140.1% | 922.95M▲ 158.2% | 2.56B▲ 177.0% | 2.43B▼ 5.1% | 325.85M▲ 0% |
| FCF Growth % | - | 2565.84% | 32.49% | -140.08% | 158.22% | 177.03% | -5.1% | -79.32% |
COIN Banking Ratios
Coinbase Global, Inc. (COIN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 44.13% | 98.68% | -44.35% | 1.62% | 31.15% | 10.05% | 20.08% |
| Return on Assets (ROA) | 7.82% | 26.72% | -4.73% | 0.18% | 13.83% | 4.83% | 10.27% |
| Net Interest Margin | 0% | -0.14% | -0.1% | -0.56% | -0.36% | 23.91% | -0.27% |
| Efficiency Ratio | 57.38% | 38.58% | 165.13% | 68.67% | 39.6% | 68.1% | 48.73% |
| Equity / Assets | 16.46% | 30% | 6.08% | 42.58% | 45.59% | 49.86% | 51.11% |
| Book Value / Share | 5.18 | 29.01 | 24.53 | 24.69 | 37.59 | 51.51 | 54.88 |
| NII Growth | - | - | -204.87% | 6.9% | 2.56% | 8898.95% | -5.72% |
| Dividend Payout | - | - | - | - | - | - | 0% |
COIN SEC Filings & Documents
Coinbase Global, Inc. (COIN) SEC filings — annual & quarterly reports (10-K, 10-Q)
COIN Frequently Asked Questions
Coinbase Global, Inc. (COIN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Coinbase Global, Inc. (COIN) grew revenue by 1.0% over the past year. Growth has been modest.
Yes, Coinbase Global, Inc. (COIN) is profitable, generating $3.22B in net income for fiscal year 2025 (19.0% net margin).
Dividend & Returns
Coinbase Global, Inc. (COIN) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.
Industry Metrics
Coinbase Global, Inc. (COIN) has a net interest margin (NIM) of 23.9%. This indicates healthy earnings from lending activities.
Coinbase Global, Inc. (COIN) has an efficiency ratio of 68.1%. This is higher than peers, suggesting room for cost optimization.
Explore More COIN
Coinbase Global, Inc. (COIN) financial analysis — history, returns, DCA and operating performance tools
Full COIN Stock Analysis
Analyst verdict, bull/bear case, risk factors and peer comparison
Total Return Calculator
Historical returns with dividends reinvested
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates