COIN Stock Analysis: Coinbase Global | NASDAQ
Financial Data & Stock Exchanges | NASDAQ, USA | Market Cap: 43.597m USD | 12M Return: -53.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.37B
Qual. Beats: 0
Rev. Trend: 88.6%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 5.2 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: 800.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 0.65 > 1.0 |
| NWC/Revenue: 180.5% < 20% (prev 151.7%; Δ 28.82% < -1%) |
| CFO/TA 0.10 > 3% & CFO 2.79b > Net Income 800.6m |
| Net Debt (-2.53b) to EBITDA (1.27b): -2.00 < 3 |
| Current Ratio: 2.14 > 1.5 & < 3 |
| Outstanding Shares: last quarter (264.8m) vs 12m ago -2.39% < -2% |
| Gross Margin: 75.94% > 18% (prev 75.80%; Δ 0.14% > 0.5%) |
| Asset Turnover: 22.98% > 50% (prev 31.92%; Δ -8.94% > 0%) |
| Interest Coverage Ratio: 11.92 > 6 (EBIT TTM 1.04b / Interest Expense TTM 87.5m) |
| A: 0.36 (Total Current Assets 19.7b - Total Current Liabilities 9.19b) / Total Assets 28.8b |
| B: 0.20 (Retained Earnings 5.83b / Total Assets 28.8b) |
| C: 0.04 (EBIT TTM 1.04b / Avg Total Assets 25.3b) |
| D: 0.88 (Book Value of Equity 13.5b / Total Liabilities 15.4b) |
| Altman-Z'' = 4.24 = AA |
| DSRI: 2.81 (Receivables 1.81b/768.1m, Revenue 5.81b/6.94b) |
| GMI: 1.00 (GM 75.80% / 75.94%) |
| AQI: 1.66 (AQ_t 0.30 / AQ_t-1 0.18) |
| SGI: 0.84 (Revenue 5.81b / 6.94b) |
| TATA: -0.07 (NI 800.6m - CFO 2.79b) / TA 28.8b) |
| Beneish M = -1.27 (Cap -4..+1) = D |
As of July 06, 2026, the stock is trading at USD 165.48 with a total of 9,693,800 shares traded. Over the past week, the price has changed by +16.11%, over one month by +8.58%, over three months by -5.33% and over the past year by -53.66%.
Current recommended Stop Loss: 140.10 (which is 15.3% or 2.3 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 | 229.4 | 38.6% |
P/E Trailing = 61.0627
P/E Forward = 117.6471
P/S = 6.9357
P/B = 3.1121
P/EG = 1.5278
Revenue TTM = 5.81b USD
EBIT TTM = 1.04b USD
EBITDA TTM = 1.27b USD
Long Term Debt = 5.94b USD (from longTermDebt, last quarter)
Short Term Debt = 1.84b USD (from shortTermDebt, last quarter)
Debt = 8.15b USD (from shortLongTermDebtTotal, last quarter) + Leases 188.1m
Net Debt = -2.53b USD (calculated: Debt 8.15b - CCE 10.7b)
Enterprise Value = 41.1b USD (43.6b + Debt 8.15b - CCE 10.7b)
Interest Coverage Ratio = 11.92 (Ebit TTM 1.04b / Interest Expense TTM 87.5m)
EV/FCF = 14.71x (Enterprise Value 41.1b / FCF TTM 2.79b)
FCF Yield = 6.80% (FCF TTM 2.79b / Enterprise Value 41.1b)
FCF Margin = 48.04% (FCF TTM 2.79b / Revenue TTM 5.81b)
Net Margin = 13.78% (Net Income TTM 800.6m / Revenue TTM 5.81b)
Gross Margin = 75.94% ((Revenue TTM 5.81b - Cost of Revenue TTM 1.40b) / Revenue TTM)
Gross Margin QoQ = 69.67% (prev 71.93%)
Tobins Q-Ratio = 1.42 (Enterprise Value 41.1b / Total Assets 28.8b)
Interest Expense / Debt = 1.07% (Interest Expense 87.5m / Debt 8.15b)
Taxrate = 17.88% (174.3m / 974.9m)
NOPAT = 856.2m (EBIT 1.04b * (1 - 17.88%))
Current Ratio = 2.14 (Total Current Assets 19.7b / Total Current Liabilities 9.19b)
Debt / Equity = 0.60 (Debt 8.15b / totalStockholderEquity, last quarter 13.5b)
Debt / EBITDA = -2.00 (Net Debt -2.53b / EBITDA 1.27b)
Debt / FCF = -0.91 (Net Debt -2.53b / FCF TTM 2.79b)
Total Stockholder Equity = 14.1b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.17% (Net Income 800.6m / Total Assets 28.8b)
RoE = 5.68% (Net Income TTM 800.6m / Total Stockholder Equity 14.1b)
RoCE = 5.20% (EBIT 1.04b / Capital Employed (Equity 14.1b + L.T.Debt 5.94b))
RoIC = 4.04% (NOPAT 856.2m / Invested Capital 21.2b)
WACC = 13.25% (E(43.6b)/V(51.8b) * Re(15.56%) + D(8.15b)/V(51.8b) * Rd(1.07%) * (1-Tc(0.18)))
Discount Rate = 15.56% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 33.33 | Cagr: 0.61%
[DCF] Terminal Value 63.80% ; FCFF base≈2.46b ; Y1≈2.82b ; Y5≈4.15b
[DCF] Fair Price = 161.1 (EV 33.3b - Net Debt -2.53b = Equity 35.8b / Shares 222.4m; r=13.25% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.62 | # QB: 0
Revenue Correlation: 88.59 | Revenue CAGR: 44.93% | SUE: -0.29 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.10 | Chg30d=-13.86% | Revisions=-40% | Analysts=13
EPS next Quarter (2026-09-30): EPS=0.58 | Chg30d=-4.42% | Revisions=-59% | Analysts=16
EPS current Year (2026-12-31): EPS=1.10 | Chg30d=-4.23% | Revisions=-61% | GrowthEPS=-75.3% | GrowthRev=-14.7%
EPS next Year (2027-12-31): EPS=4.82 | Chg30d=-2.68% | Revisions=-28% | GrowthEPS=+338.2% | GrowthRev=+26.0%
[Analyst] Revisions Ratio: -54% (up=12, down=44)