COIN Stock Analysis: Coinbase Global | NASDAQ
Financial Data & Stock Exchanges | NASDAQ, USA | Market Cap: 40.605m USD | 12M Return: -53.7% | US19260Q1076 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.14B
Qual. Beats: 0
Rev. Trend: 77.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.3 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 leading platform for crypto assets, serving both U.S. and international markets. The company provides a primary financial account for consumers in the crypto economy, an institutional brokerage with pooled liquidity across the crypto marketplace, and developer tools for building onchain applications. Founded in 2012 and headquartered in New York, Coinbase went public via direct listing on April 14, 2021.
Classified within the Financials sector under the GICS Diversified Capital Markets sub-industry, Coinbase operates in the digital asset exchange segment, which generates revenue primarily through trading fees and related transaction-based services across retail and institutional customer bases.
- Crypto trading volume swings drive transaction fee revenue
- Subscription and services revenue grows to reduce trading dependency
- Interest income from reserves rises with elevated interest rates
- SEC enforcement actions create regulatory uncertainty and legal costs
| Net Income: -987.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 2.36 > 1.0 |
| NWC/Revenue: 70.61% < 20% (prev 132.1%; Δ -61.52% < -1%) |
| CFO/TA 0.10 > 3% & CFO 2.66b > Net Income -987.8m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 1.54 > 1.5 & < 3 |
| Outstanding Shares: last quarter (263.4m) vs 12m ago -5.56% < -2% |
| Gross Margin: 79.01% > 18% (prev 73.84%; Δ 5.17% > 0.5%) |
| Asset Turnover: 22.16% > 50% (prev 29.85%; Δ -7.69% > 0%) |
| Interest Coverage Ratio: -10.23 > 6 (EBIT TTM -915.2m / Interest Expense TTM 89.5m) |
| A: 0.15 (Total Current Assets 11.1b - Total Current Liabilities 7.22b) / Total Assets 26.5b |
| B: 0.21 (Retained Earnings 5.47b / Total Assets 26.5b) |
| C: -0.04 (EBIT TTM -915.2m / Avg Total Assets 25.0b) |
| D: 0.98 (Book Value of Equity 13.1b / Total Liabilities 13.4b) |
| Altman-Z'' = 2.42 = A |
| DSRI: 2.29 (Receivables 2.06b/1.14b, Revenue 5.53b/7.01b) |
| GMI: 0.93 (GM 73.84% / 79.01%) |
| AQI: 2.36 (AQ_t 0.56 / AQ_t-1 0.24) |
| SGI: 0.79 (Revenue 5.53b / 7.01b) |
| TATA: -0.14 (NI -987.8m - CFO 2.66b) / TA 26.5b) |
| Beneish M = -1.39 (Cap -4..+1) = D |
As of August 17, 2026, the stock is trading at USD 148.47 with a total of 7,098,837 shares traded. Over the past week, the price has changed by -3.34%, over one month by -7.49%, over three months by -21.63% and over the past year by -53.71%.
Current recommended Stop Loss: 137.30 (which is 7.5% or 1.3 ATR below the current price).
Coinbase Global has received a consensus analysts rating of 3.69. Therefore, it is recommended to hold COIN.
- StrongBuy: 10
- Buy: 3
- Hold: 14
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 195.5 | 31.7% |
P/E Forward = 666.6667
P/S = 6.7184
P/B = 2.9971
P/EG = 8.429
Revenue TTM = 5.53b USD
EBIT TTM = -915.2m USD
EBITDA TTM = -678.9m USD
Long Term Debt = 5.94b USD (from longTermDebt, last quarter)
Short Term Debt = 539.2m USD (from shortTermDebt, last quarter)
Debt = 6.85b USD (from shortLongTermDebtTotal, last quarter) + Leases 184.9m
Net Debt = -2.21b USD (calculated: Debt 6.85b - CCE 9.06b)
Enterprise Value = 38.4b USD (40.6b + Debt 6.85b - CCE 9.06b)
Interest Coverage Ratio = -10.23 (Ebit TTM -915.2m / Interest Expense TTM 89.5m)
EV/FCF = 14.43x (Enterprise Value 38.4b / FCF TTM 2.66b)
FCF Yield = 6.93% (FCF TTM 2.66b / Enterprise Value 38.4b)
FCF Margin = 48.08% (FCF TTM 2.66b / Revenue TTM 5.53b)
Net Margin = -17.85% (Net Income TTM -987.8m / Revenue TTM 5.53b)
Gross Margin = 79.01% ((Revenue TTM 5.53b - Cost of Revenue TTM 1.16b) / Revenue TTM)
Gross Margin QoQ = 84.44% (prev 69.67%)
Tobins Q-Ratio = 1.45 (Enterprise Value 38.4b / Total Assets 26.5b)
Interest Expense / Debt = 1.31% (Interest Expense 89.5m / Debt 6.85b)
Taxrate = 17.20% (261.7m / 1.52b)
NOPAT = -757.8m (EBIT -915.2m * (1 - 17.20%)) [loss with tax shield]
Current Ratio = 1.54 (Total Current Assets 11.1b / Total Current Liabilities 7.22b)
Debt / Equity = 0.52 (Debt 6.85b / totalStockholderEquity, last quarter 13.1b)
Debt / EBITDA = 3.26 (negative EBITDA) (Net Debt -2.21b / EBITDA -678.9m)
Debt / FCF = -0.83 (Net Debt -2.21b / FCF TTM 2.66b)
Total Stockholder Equity = 14.3b (last 4 quarters mean from totalStockholderEquity)
RoA = -3.96% (Net Income -987.8m / Total Assets 26.5b)
RoE = -6.89% (Net Income TTM -987.8m / Total Stockholder Equity 14.3b)
RoCE = -4.51% (EBIT -915.2m / Capital Employed (Equity 14.3b + L.T.Debt 5.94b))
RoIC = -3.89% (negative operating profit) (NOPAT -757.8m / Invested Capital 19.5b)
WACC = 12.91% (E(40.6b)/V(47.5b) * Re(14.91%) + D(6.85b)/V(47.5b) * Rd(1.31%) * (1-Tc(0.17)))
Discount Rate = 14.91% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 0.47 | Cagr: -0.76%
[DCF] Terminal Value 64.67% ; FCFF base≈2.32b ; Y1≈2.66b ; Y5≈3.91b
[DCF] Fair Price = 155.6 (EV 32.4b - Net Debt -2.21b = Equity 34.7b / Shares 222.8m; r=12.91% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.23 | # QB: 0
Revenue Correlation: 77.00 | Revenue CAGR: 32.21% | SUE: -0.34 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.15 | Chg30d=-129.71% | Revisions=-50% | Analysts=18
EPS current Year (2026-12-31): EPS=-1.99 | Chg30d=-418.43% | Revisions=-22% | GrowthEPS=-144.6% | GrowthRev=-25.4%
EPS next Year (2027-12-31): EPS=3.02 | Chg30d=-33.42% | Revisions=-46% | GrowthEPS=+252.1% | GrowthRev=+27.2%
[Analyst] Revisions Ratio: -50% (up=5, down=18)