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Stocks / United States / COIN · Finance Services · Nasdaq

Coinbase Global, Inc. (COIN)

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Coinbase Global, Inc. (COIN) reported revenue of $1.2 billion for Q2 FY2026, the quarter ended 30 June 2026, down 18.5% on the same quarter a year earlier. Net income was -$359 million, and diluted earnings per share $-1.36. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$1.2 billiondown 18.5%
Net income-$359 million
Diluted EPS$-1.36
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE-7.6%
ROCE3.3%
Operating margin9.9%
Net margin-15.7%
FCF marginn/a
Interest cover6.92
Debt to equity0.45
Cash conversionn/a
Share count, 1 yearn/a
Sales CAGR, 3 years31.0%
Profit CAGR, 3 yearsn/a
EPS, TTM-$3.78

At the close of 21 September 2026

Price$201.05
Market cap$53.0 billion
Stock P/En/a
Price to book4.05
EV / EBITDA57.64
Dividend yieldn/a
Market cap / sales8.44
52-week high$387.27
52-week low$141.09
Price, 1 year-41.3%
Price CAGR, 3 years41.5%
Price CAGR, 5 years-3.6%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as Coinbase Global, Inc. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on COIN

Filings19 in twelve months: 11 current reports (8-K), about 4 officer or director change; 4 results of operations; 1 shareholder vote; 1 exit or disposal costs; 1 other events
Planned insider sales52 Form 144 notices in twelve months, $350.4 million; latest 21 September 2026
Options tapeput/call 0.82 by open interest on 23 September 2026; the straddle prices a 5.1% move to 25 September 2026
Holders10 of the followed funds hold it; largest Citadel Advisors; 3 Schedule 13D or 13G filings in twelve months
Insider trading120 sales and 0 purchases on Form 4 in twelve months
Congress4 House trades disclosed in six months
Short interest27.4 million shares short, 2.37 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue6749541,6381,4501,2052,2722,0341,4971,8691,7811,4131,220
R&D323323358364377369355387431497526473
Operating income-79.81167603431701,034706-24.6481274-21.4-113
Operating margin-12%12%46%24%14%46%35%-2%26%15%-2%-9%
Interest expense20.818.719.120.520.520.520.520.521.822.622.622.5
Pre-tax income34.71331,437-60.268.61,49782.51,824502-886-465-395
Tax rate107%-106%18%n/a-10%14%20%22%14%n/an/an/a
Net income-2.32731,17636.175.51,29165.61,429433-667-394-359
Net margin-0%29%72%2%6%57%3%95%23%-37%-28%-29%
Diluted EPS-$0.01$1.14$4.40$0.14$0.28$4.66$0.24$5.14$1.50-$2.43-$1.49-$1.36
Operating cash flow314-5.2411484697965-183328-785n/a183197
Capital expenditure0.2n/an/an/an/an/an/an/an/an/an/an/a
Free cash flow314n/an/an/an/an/an/an/an/an/an/an/a
Buybacksn/an/an/an/an/an/a0.00.0n/an/a1,062181
Shares outstandingn/an/an/an/an/a254mn/an/a269m268m263m264m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 7 fiscal years and the trailing twelve months

FY2019FY2020 FY2021 FY2022FY2023 FY2024 FY2025TTM
Revenue5341,2777,8393,1943,1086,5647,1816,283
Research and development1852721,2922,3261,3251,4681,6711,926
Operating income-45.84093,077-2,710-1622,3071,435619
Operating margin-8.6%32.0%39.2%-84.8%-5.2%35.1%20.0%9.9%
Interest expensen/a0.029.288.982.880.685.489.5
Pre-tax income-45.44093,027-3,065-76.82,9431,522-1,244
Income tax-15.086.9-597-440-172364262-257
Effective tax raten/a21.2%-19.7%n/an/a12.4%17.2%n/a
Net income-30.43223,624-2,62594.92,5791,260-988
Net margin-5.7%25.2%46.2%-82.2%3.1%39.3%17.6%-15.7%
Diluted EPS-$0.50$1.40$14.50-$11.83$0.37$9.48$4.45-$3.78
Filing10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2019FY2020 FY2021 FY2022FY2023 FY2024 FY2025TTM
Operating cash flow-80.62944,038-1,5856733,1042,426n/a
Capital expenditure33.59.92.92.9n/an/an/an/a
Free cash flow-1142844,035-1,588n/an/an/an/a
Free cash flow margin-21.4%22.2%51.5%-49.7%n/an/an/an/a
Depreciation and amortisation16.931.063.7154140128188254
Share-based compensation31.170.58211,566781913839939
Buybacksn/an/an/an/a0.00.0790n/a
Diluted shares, weighted61m91m220m222m254m273m287m263m
Shares outstanding at period endn/an/an/an/an/a254m268m264m
Filing10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2019FY2020 FY2021 FY2022FY2023 FY2024 FY2025TTM
Total assetsn/a5,85521,27489,72514,75422,54229,67226,460
Cash and equivalents5491,0627,1234,4255,4899,30811,2858,614
Receivablesn/an/an/a220168265307333
Goodwill54.777.26261,0741,1401,1404,1694,139
Long-term debtn/a0.03,3853,3932,9804,2347,2075,900
Borrowings, as the company tags themn/a0.03,4383,4383,0104,2757,275n/a
Operating lease liabilitiesn/a82.574.142.03.885.8173185
Shareholders' equity4979646,3825,4556,28210,27714,79313,080
Filing10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compoundedn/a41.2%31.0%-10.4%
Profit growth, compoundedn/a31.4%n/an/a
Return on equity, averagen/a8.8%11.7%8.5%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Finance Services

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
American Express Co. AXP$211.7 billion19.0433.4%n/a8.8%1.661.0%
Coinbase Global, Inc. COIN$53.0 billionn/a-7.6%9.9%-10.4%0.45n/a
Synchrony Financial SYF$24.4 billion7.6920.8%n/a0.1%0.971.5%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 20267 May 2026EDGAR
10-K31 December 202512 February 2026EDGAR
10-Q30 September 202530 October 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20258 May 2025EDGAR
10-K31 December 202413 February 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR

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