(COIN) Coinbase Global - Overview
Sector: Financial Services | Industry: Financial Data & Stock Exchanges | Exchange: NASDAQ (USA) | Market Cap: 43.242m USD | Total Return: -40.6% in 12m
Avg Turnover: 1.65B
Qual. Beats: 0
Rev. Trend: 88.6%
Qual. Beats: 0
Warnings
Below Avwap Earnings
Tailwinds
No distinct edge detected
Coinbase Global, Inc. (COIN) operates a multi-faceted financial infrastructure platform dedicated to the crypto economy. The company serves three primary segments: retail consumers through a primary financial account, institutional clients via a high-liquidity brokerage platform, and developers through a suite of onchain building tools.
As a participant in the Diversified Capital Markets sub-industry, Coinbase generates a significant portion of its revenue through transaction fees, which are highly sensitive to crypto asset volatility and trading volumes. Unlike traditional exchanges, the company also maintains integrated custodial services, acting as a regulated bridge between fiat currencies and digital assets. For a deeper look into these valuation drivers, investors can review the comprehensive data on ValueRay.
Founded in 2012 and headquartered in New York, the firm has expanded its business model to include subscription and services revenue, such as staking rewards and interest income. This diversification aims to mitigate the cyclical nature of retail trading activity within the global digital asset marketplace.
- Retail transaction fees drive revenue volatility linked to crypto market trading volumes
- Institutional adoption of Bitcoin ETFs influences platform custody and settlement revenue
- Ongoing SEC litigation creates significant regulatory uncertainty for core staking services
- Interest income from USDC reserves sensitivity to Federal Reserve monetary policy shifts
- Expansion of Base network and onchain products diversifies revenue beyond trading fees
| 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 June 08, 2026, the stock is trading at USD 152.40 with a total of 16,370,395 shares traded.
Over the past week, the price has changed by -19.38%,
over one month by -21.02%,
over three months by -23.72% and
over the past year by -40.61%.
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 | 230.6 | 51.3% |
P/E Trailing = 60.3419
P/E Forward = 79.3651
P/S = 6.8791
P/B = 3.5689
P/EG = 1.0132
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 = 40.7b USD (43.2b + Debt 8.15b - CCE 10.7b)
Interest Coverage Ratio = 11.92 (Ebit TTM 1.04b / Interest Expense TTM 87.5m)
EV/FCF = 14.58x (Enterprise Value 40.7b / FCF TTM 2.79b)
FCF Yield = 6.86% (FCF TTM 2.79b / Enterprise Value 40.7b)
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 = 1.41 (Enterprise Value 40.7b / 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 = 13.21% (E(43.2b)/V(51.4b) * Re(15.54%) + D(8.15b)/V(51.4b) * Rd(1.07%) * (1-Tc(0.18)))
Discount Rate = 15.54% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 33.33 | Cagr: 0.61%
[DCF] Terminal Value 63.89% ; FCFF base≈2.46b ; Y1≈2.82b ; Y5≈4.15b
[DCF] Fair Price = 161.6 (EV 33.4b - Net Debt -2.53b = Equity 35.9b / Shares 222.4m; r=13.21% [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=-81.73% | Revisions=-38% | Analysts=14
EPS next Quarter (2026-09-30): EPS=0.61 | Chg30d=-33.91% | Revisions=-53% | Analysts=17
EPS current Year (2026-12-31): EPS=1.28 | Chg30d=-55.14% | Revisions=-56% | GrowthEPS=-71.2% | GrowthRev=-14.3%
EPS next Year (2027-12-31): EPS=4.99 | Chg30d=+4.00% | Revisions=-44% | GrowthEPS=+289.7% | GrowthRev=+26.2%
[Analyst] Revisions Ratio: -56%