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Coinbase Global, Inc.

COIN

$145.30 ▼ -4.80 (-3.20%) at close

8 Visible periods

32 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Good

Bullish

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Analytical Summary

Coinbase Global, Inc. shows strong fundamentals with top-quartile Profit Margin (%) and Operating Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $37.8B

Dividend Yield —

Revenue Growth 9.4% ↘

Op. Margin 20.0% ↘

ROIC 5.4% ↘

FCF / Share $9.33 ↘

Trailing P/E 30.0x

Price / Book 2.6x

FCF Yield 6.4%

Debt / Equity 0.52

info Valuation on last close. End-of-day price, Aug 6, 2026.

8-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$7.18B

↑ +9.4% —

Net Income Profit after all expenses

$1.26B

↓ -51.1% —

Operating Margin Operating profit as % of sales

20.0%

↓ -43.1% 75th

FCF / Share Free cash flow per share

$9.33

↓ -25.7% —

Long-Term Debt Long-term obligations

$7.21B

↑ +70.2% —

trending_up

Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability ↓

Returns ↓

Financial Health →

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue Growth YoY (%)	9.4% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+57%)	111.2% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1753%)	-2.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-145%)	-59.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1088%)	513.7% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+8461%)	139.3% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+2222%)	—	—
EPS Growth YoY (%)	-53.5% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	2505.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	1005.7% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	—	—
Net Income Growth YoY (%)	-51.1% Weak Weak Year-over-year change in net income	2618.5% Excellent Excellent Year-over-year change in net income	N/M	N/M	1024.4% Excellent Excellent Year-over-year change in net income	N/M	—	—
FCF Growth YoY (%)	-25.7% Weak Weak Year-over-year change in free cash flow	220.6% Excellent Excellent Year-over-year change in free cash flow	N/M	N/M	-47.8% Weak Weak Year-over-year change in free cash flow	N/M	—	—
Revenue CAGR 3Y (%)	31.0% Excellent ↓ Excellent Declining Compound annual revenue growth over 3 years	-5.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	34.5% Excellent Excellent Compound annual revenue growth over 3 years	81.6% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	41.2% Excellent Excellent Compound annual revenue growth over 5 years	65.2% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	—	-15.8% Weak Weak Compound annual EPS growth over 3 years	-36.7% Weak Weak Compound annual EPS growth over 3 years	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Operating Margin (%) (%)	20.0% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	35.1% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+41%)	-5.2% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-121%)	-84.8% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-439%)	39.2% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+57%)	32.0% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+28%)	-8.6% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-134%)	—
Effective Tax Rate (%) (%)	17.2% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	12.4% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	223.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-19.7% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.2% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	33.1% Weak Weak Actual taxes paid relative to pre-tax income Optimal: 15-25%	—
Profit Margin (%) (%)	17.6% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-20%)	39.3% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+79%)	3.1% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-86%)	-82.2% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-474%)	46.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+110%)	25.2% Excellent Excellent Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+15%)	-5.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-126%)	—
FCF Margin (%) (%)	33.8% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	47.3% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	29.7% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	-49.7% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	51.5% Excellent ↓ Excellent Declining Free cash flow as a percentage of revenue Optimal: > 10%	234.4% Excellent Excellent Free cash flow as a percentage of revenue Optimal: > 10%	-21.4% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—
FCF / Net Income (x)	1.93x Excellent ↓ Excellent Declining Free cash flow relative to reported net income Optimal: > 1x	1.20x Good ↓ Good Declining Free cash flow relative to reported net income Optimal: > 1x	9.73x Excellent ↑ Excellent Improving Free cash flow relative to reported net income Optimal: > 1x	0.61x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	1.11x Fair ↓ Fair Declining Free cash flow relative to reported net income Optimal: > 1x	9.29x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	3.76x Excellent Excellent Free cash flow relative to reported net income Optimal: > 1x	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Return on Invested Capital (%)	5.4% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	13.9% Good ↑ Good Improving Return earned on debt + equity capital invested Optimal: > 10%	2.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-26.2% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	37.7% Excellent ↑ Excellent Improving Return earned on debt + equity capital invested Optimal: > 10%	33.4% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	-6.2% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—
Return on Capital (%) (%)	4.8% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	10.2% Good ↑ Good Improving Operating profit relative to total assets Optimal: > 10%	-0.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-3.0% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	14.5% Good Good Operating profit relative to total assets Optimal: > 10%	7.0% Caution Caution Operating profit relative to total assets Optimal: > 10%	—	—
Return on Common Equity (%) (%)	8.5% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-29%)	25.1% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+109%)	1.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-87%)	-48.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-501%)	56.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+373%)	33.4% Excellent Excellent Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+179%)	-6.1% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-151%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Debt to Equity (x)	0.52x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-57%)	0.45x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-63%)	0.47x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-60%)	0.63x Fair ↑ Fair Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-48%)	0.53x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-56%)	0.00x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-100%)	—	—
Interest Coverage (x)	—	—	-1.95x Weak ↓ Weak Declining Operating income divided by interest expense Optimal: > 5x	-30.49x Weak Weak Operating income divided by interest expense Optimal: > 5x	105.51x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	—	—	—
Net Debt (USD)	$-3.63B	$-4.70B	$-2.16B	$-1.01B	$-3.72B	$-1.06B	$-548.95M	—
Debt / EBITDA (x)	4.72x Weak ↑ Weak Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.89x Good ↑ Good Improving Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-135.33x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-1.34x Excellent ↓ Excellent Declining Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	1.08x Good Good Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	0.00x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Revenue per Share (USD)	$27.61	$26.53	$13.18	$14.37	$44.21	$18.60	$8.70	—
Basic EPS, GAAP (USD)	$4.85	$10.42	$0.40	$-11.81	$17.47	$1.58	$-0.50	—
Free Cash Flow per Share (USD)	$9.33	$12.55	$3.91	$-7.14	$22.76	$43.60	$-1.86	—
Book Value per Share (USD)	$55.23	$40.52	$26.64	$24.54	$35.99	$14.03	$8.11	—
Tangible Book Value per Share (USD)	$34.45	$35.84	$21.44	$19.10	$31.46	$7.42	$7.21	—
Basic Weighted Avg Shares (shares)	260.09M	247.37M	235.80M	222.31M	177.32M	68.67M	61.32M	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Working Capital (USD)	$11.69B	$10.17B	$5.75B	$5.63B	$6.95B	$887.09M	—	—
LT Debt (USD)	$7.21B	$4.23B	$2.98B	$3.39B	$3.38B	$0.00	—	—
Total Equity (USD)	$14.79B	$10.28B	$6.28B	$5.45B	$6.38B	$963.58M	$497.09M	$500.07M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗
Sales/Revenue/Turnover (USD)	$7.18B	$6.56B	$3.11B	$3.19B	$7.84B	$1.28B	$533.74M	—
Depreciation Expense (USD)	$188.43M	$127.52M	$139.64M	$154.07M	$63.65M	$30.96M	$16.88M	—
Net Income, GAAP (USD)	$1.26B	$2.58B	$94.87M	$-2.62B	$3.62B	$322.32M	$-30.39M	—
Operating Cash Flow (USD)	$2.43B	$3.10B	$922.95M	$-1.59B	$4.04B	$3.00B	$-80.59M	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 8 years · 28 quarters

Coinbase Global, Inc.

Analytical Summary

8-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

Benchmark Lens

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