COIN Stock Analysis: Coinbase Global | NASDAQ
Financial Data & Stock Exchanges | NASDAQ, USA | Market Cap: 49.942m USD | 12M Return: -49.8% | US19260Q1076 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 1.71B
Qual. Beats: 0
Rev. Trend: 85.4%
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: -987.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 2.36 > 1.0 |
| NWC/Revenue: 62.19% < 20% (prev 132.1%; Δ -69.93% < -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: 75.95% > 18% (prev 73.84%; Δ 2.12% > 0.5%) |
| Asset Turnover: 25.16% > 50% (prev 29.85%; Δ -4.69% > 0%) |
| Interest Coverage Ratio: -10.01 > 6 (EBIT TTM -895.4m / 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 -895.4m / Avg Total Assets 25.0b) |
| D: 0.98 (Book Value of Equity 13.1b / Total Liabilities 13.4b) |
| Altman-Z'' = 2.43 = A |
| DSRI: 2.01 (Receivables 2.06b/1.14b, Revenue 6.28b/7.01b) |
| GMI: 0.97 (GM 73.84% / 75.95%) |
| AQI: 2.36 (AQ_t 0.56 / AQ_t-1 0.24) |
| SGI: 0.90 (Revenue 6.28b / 7.01b) |
| TATA: -0.14 (NI -987.8m - CFO 2.66b) / TA 26.5b) |
| Beneish M = -1.50 (Cap -4..+1) = D |
As of October 12, 2026, the stock is trading at USD 179.39 with a total of 12,300,102 shares traded. Over the past week, the price has changed by -1.97%, over one month by +2.36%, over three months by +13.99% and over the past year by -49.75%.
Current recommended Stop Loss: 162.50 (which is 9.4% or 1.6 ATR below the current price).
Coinbase Global has received a consensus analysts rating of 4.05. Therefore, it is recommended to buy COIN.
- StrongBuy: 19
- Buy: 4
- Hold: 12
- Sell: 1
- StrongSell: 1
| Analysts Target Price | 207.4 | 15.6% |
P/E Forward = 54.3478
P/S = 8.2634
P/B = 3.9966
P/EG = 2.3685
Revenue TTM = 6.28b USD
EBIT TTM = -895.4m USD
EBITDA TTM = -659.1m 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 = 47.7b USD (49.9b + Debt 6.85b - CCE 9.06b)
Interest Coverage Ratio = -10.01 (Ebit TTM -895.4m / Interest Expense TTM 89.5m)
EV/FCF = 17.94x (Enterprise Value 47.7b / FCF TTM 2.66b)
FCF Yield = 5.57% (FCF TTM 2.66b / Enterprise Value 47.7b)
FCF Margin = 42.35% (FCF TTM 2.66b / Revenue TTM 6.28b)
Net Margin = -15.72% (Net Income TTM -987.8m / Revenue TTM 6.28b)
Gross Margin = 75.95% ((Revenue TTM 6.28b - Cost of Revenue TTM 1.51b) / Revenue TTM)
Gross Margin QoQ = 84.44% (prev 69.67%)
Tobins Q-Ratio = 1.80 (Enterprise Value 47.7b / Total Assets 26.5b)
Interest Expense / Debt = 1.31% (Interest Expense 89.5m / Debt 6.85b)
Taxrate = 17.20% (261.7m / 1.52b)
NOPAT = -741.4m (EBIT -895.4m * (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 = 3.36 (negative EBITDA) (Net Debt -2.21b / EBITDA -659.1m)
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 = -4.41% (EBIT -895.4m / Capital Employed (Equity 14.3b + L.T.Debt 5.94b))
RoIC = -3.81% (negative operating profit) (NOPAT -741.4m / Invested Capital 19.5b)
WACC = 12.99% (E(49.9b)/V(56.8b) * Re(14.62%) + D(6.85b)/V(56.8b) * Rd(1.31%) * (1-Tc(0.17)))
Discount Rate = 14.62% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 0.47 | Cagr: -0.76%
[DCF] Terminal Value 64.48% ; FCFF base≈2.32b ; Y1≈2.66b ; Y5≈3.91b
[DCF] Fair Price = 154.5 (EV 32.2b - Net Debt -2.21b = Equity 34.4b / Shares 222.8m; r=12.99% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.23 | # QB: 0
Revenue Correlation: 85.43 | Revenue CAGR: 38.37% | SUE: -0.34 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.22 | Chg30d=-52.56% | Revisions=-84% | Analysts=17
EPS current Year (2026-12-31): EPS=-2.03 | Chg30d=-1.57% | Revisions=-17% | GrowthEPS=-145.5% | GrowthRev=-25.7%
EPS next Year (2027-12-31): EPS=2.84 | Chg30d=-0.73% | Revisions=-18% | GrowthEPS=+239.9% | GrowthRev=+29.4%
[Analyst] Revisions Ratio: -63% (up=4, down=23)