COIN Stock Analysis: Coinbase Global | NASDAQ
Financial Data & Stock Exchanges | NASDAQ, USA | Market Cap: 42.370m USD | 12M Return: -54.4% | US19260Q1076 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.35B
Qual. Beats: 0
Rev. Trend: 69.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.4 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Coinbase Global, Inc. (NASDAQ: COIN) operates a crypto asset platform serving customers in the United States and internationally. The company functions as a crypto-native financial account for consumers, a brokerage venue with pooled liquidity for institutions, and a product suite for onchain developers. Founded in 2012 and headquartered in New York, the company is classified within the GICS Financials sector under the Diversified Capital Markets sub-industry.
- Crypto trading volume surges with Bitcoin price recovery
- Subscription and services revenue expands on stablecoin and custody growth
- SEC litigation outcome creates regulatory overhang on staking
| Net Income: -701.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.14 > 0.02 and ΔFCF/TA 13.02 > 1.0 |
| NWC/Revenue: 184.1% < 20% (prev 168.2%; Δ 15.93% < -1%) |
| CFO/TA 0.14 > 3% & CFO 3.85b > Net Income -701.6m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.42 > 1.5 & < 3 |
| Outstanding Shares: last quarter (264.8m) vs 12m ago -9.32% < -2% |
| Gross Margin: 74.59% > 18% (prev 74.52%; Δ 0.07% > 0.5%) |
| Asset Turnover: 19.17% > 50% (prev 24.47%; Δ -5.30% > 0%) |
| Interest Coverage Ratio: -6.60 > 6 (EBIT TTM -575.9m / Interest Expense TTM 87.2m) |
| A: 0.38 (Total Current Assets 17.6b - Total Current Liabilities 7.28b) / Total Assets 27.4b |
| B: 0.23 (Retained Earnings 6.19b / Total Assets 27.4b) |
| C: -0.02 (EBIT TTM -575.9m / Avg Total Assets 29.4b) |
| D: 1.04 (Book Value of Equity 13.9b / Total Liabilities 13.4b) |
| Altman-Z'' = 4.18 = AA |
| DSRI: 0.18 (Receivables 168.1m/1.30b, Revenue 5.63b/7.67b) |
| GMI: 1.00 (GM 74.52% / 74.59%) |
| AQI: 1.20 (AQ_t 0.34 / AQ_t-1 0.28) |
| SGI: 0.73 (Revenue 5.63b / 7.67b) |
| TATA: -0.17 (NI -701.6m - CFO 3.85b) / TA 27.4b) |
| Beneish M = -3.79 (Cap -4..+1) = AAA |
As of November 09, 2026, the stock is trading at USD 134.76 with a total of 7,543,128 shares traded. Over the past week, the price has changed by -6.12%, over one month by -27.45%, over three months by -7.32% and over the past year by -54.35%.
Current recommended Stop Loss: 120.80 (which is 10.4% or 1.3 ATR below the current price).
Coinbase Global has received a consensus analysts rating of 4.03. Therefore, it is recommended to buy COIN.
- StrongBuy: 19
- Buy: 4
- Hold: 13
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 210.9 | 56.5% |
P/E Forward = 54.3478
P/S = 7.0105
P/B = 3.2742
P/EG = 2.3734
Revenue TTM = 5.63b USD
EBIT TTM = -575.9m USD
EBITDA TTM = -311.2m USD
Long Term Debt = 5.95b USD (from longTermDebt, last quarter)
Short Term Debt = 748.8m USD (from shortLongTermDebt, last quarter)
Debt = 8.02b USD (from shortLongTermDebtTotal, last fiscal year) + Leases 189.1m
Net Debt = -583.3m USD (calculated: Debt 8.02b - CCE 8.60b)
Enterprise Value = 41.8b USD (42.4b + Debt 8.02b - CCE 8.60b)
Interest Coverage Ratio = -6.60 (Ebit TTM -575.9m / Interest Expense TTM 87.2m)
EV/FCF = 10.85x (Enterprise Value 41.8b / FCF TTM 3.85b)
FCF Yield = 9.22% (FCF TTM 3.85b / Enterprise Value 41.8b)
FCF Margin = 68.40% (FCF TTM 3.85b / Revenue TTM 5.63b)
Net Margin = -12.46% (Net Income TTM -701.6m / Revenue TTM 5.63b)
Gross Margin = 74.59% ((Revenue TTM 5.63b - Cost of Revenue TTM 1.43b) / Revenue TTM)
Gross Margin QoQ = 67.56% (prev 84.44%)
Tobins Q-Ratio = 1.53 (Enterprise Value 41.8b / Total Assets 27.4b)
Interest Expense / Debt = 1.09% (Interest Expense 87.2m / Debt 8.02b)
Taxrate = 12.77% (105.2m / 823.9m)
NOPAT = -502.4m (EBIT -575.9m * (1 - 12.77%)) [loss with tax shield]
Current Ratio = 2.42 (Total Current Assets 17.6b / Total Current Liabilities 7.28b)
Debt / Equity = 0.58 (Debt 8.02b / totalStockholderEquity, last quarter 13.9b)
Debt / EBITDA = 1.87 (negative EBITDA) (Net Debt -583.3m / EBITDA -311.2m)
Debt / FCF = -0.15 (Net Debt -583.3m / FCF TTM 3.85b)
Total Stockholder Equity = 13.8b (last 4 quarters mean from totalStockholderEquity)
RoA = -2.39% (Net Income -701.6m / Total Assets 27.4b)
RoE = -5.08% (Net Income TTM -701.6m / Total Stockholder Equity 13.8b)
RoCE = -2.91% (EBIT -575.9m / Capital Employed (Equity 13.8b + L.T.Debt 5.95b))
RoIC = -2.33% (negative operating profit) (NOPAT -502.4m / Invested Capital 21.5b)
WACC = 11.59% (E(42.4b)/V(50.4b) * Re(13.60%) + D(8.02b)/V(50.4b) * Rd(1.09%) * (1-Tc(0.13)))
Discount Rate = 13.60% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: 0.47 | Cagr: -0.76%
[DCF] Terminal Value 68.24% ; FCFF base≈2.44b ; Y1≈2.80b ; Y5≈4.12b
[DCF] Fair Price = 179.2 (EV 39.3b - Net Debt -583.3m = Equity 39.9b / Shares 222.8m; r=11.59% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.19 | # QB: 0
Revenue Correlation: 69.90 | Revenue CAGR: 23.49% | SUE: -0.04 | # QB: 0
EPS current Quarter (2027-03-31): EPS=0.50 | Chg30d=+1.58% | Revisions=+12% | Analysts=17
EPS current Year (2026-12-31): EPS=-1.69 | Chg30d=+16.74% | Revisions=+38% | GrowthEPS=-137.9% | GrowthRev=-26.2%
EPS next Year (2027-12-31): EPS=3.02 | Chg30d=+6.45% | Revisions=+36% | GrowthEPS=+278.9% | GrowthRev=+29.9%
[Analyst] Revisions Ratio: +38% (up=13, down=5)