Coinbase
COIN
178.45
-7.29
-3.92%
Coinbase
US · COIN
#446 by market cap
Listed 2021
178.45
-7.29
-3.92%
Live - 5344 symbols - heartbeat 42s ago
· 2026-10-08 07:00
Pre-market
176.66
-1.00%
After-hours
179.37
+0.52%
Overnight
177.80
-0.36%
- Market cap
- 47.08B
- P/E (TTM)i
- -46.11
- P/Bi
- 3.60
- EPSi
- 4.45
- Div yieldi
- 0.00%
- 52W posi
- 17%
Reader sentiment
Are you bullish or bearish on COIN?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 3.07, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 7 years
Latest year +9.40% YoY
Margins
- Gross margin
- 74.64%
- Operating margin
- 20.28%
- Net margin
- 17.55%
Key ratios & quality
- Enterprise valuei
- 42.83B
- Altman Z-Scorei
- 3.07
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 533.74M | 1.28B | 7.84B | 3.19B | 3.11B | 6.56B | 7.18B |
| Gross profit | 451.68M | 1.14B | 6.10B | 2.56B | 1.97B | 4.91B | 5.36B |
| Selling & admin expenses | 256.08M | 336.66M | 1.10B | 2.11B | 691.78M | 1.20B | 1.88B |
| Research & development | 185.04M | 271.73M | 1.29B | 2.33B | 1.32B | 1.47B | 1.67B |
| Operating profit | -35.64M | 408.95M | 3.21B | -1.95B | -53.74M | 2.24B | 1.46B |
| Pretax profit | -45.42M | 409.20M | 3.03B | -3.06B | -76.85M | 2.94B | 1.52B |
| Tax | -15.03M | 86.88M | -597.17M | -439.63M | -171.72M | 363.58M | 261.74M |
| Net profit | -30.39M | 322.32M | 3.62B | -2.62B | 94.87M | 2.58B | 1.26B |
| Basic EPS | 0 | 1 | 17 | -12 | 0 | 10 | 5 |
| Diluted EPS | -0.17 | 0.58 | 14.50 | -11.83 | 0.37 | 9.48 | 4.45 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 2.03B | 1.50B | 1.87B | 1.78B | 1.41B | 1.22B |
| Gross profit | 1.53B | 1.07B | 1.39B | 1.36B | 984.38M | 828.62M |
| Selling & admin expenses | 445.04M | 409.88M | 457.54M | 568.68M | 410.08M | 395.10M |
| Research & development | 355.37M | 387.32M | 430.59M | 497.33M | 525.65M | 472.85M |
| Operating profit | 740.17M | -33.35M | 444.79M | 304.53M | 13.73M | -29.36M |
| Pretax profit | 82.46M | 1.82B | 502.14M | -886.31M | -464.71M | -395.41M |
| Tax | 16.85M | 394.87M | 69.59M | -219.57M | -70.59M | -35.94M |
| Net profit | 65.61M | 1.43B | 432.55M | -666.73M | -394.12M | -359.47M |
| Basic EPS | 0 | 6 | 2 | -2 | -1 | -1 |
| Diluted EPS | 0.24 | 5.14 | 1.50 | -2.49 | -1.49 | -1.36 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Total current assets | 1.99B | 5.13B | 18.37B | 86.45B | 11.36B | 18.11B | 20.39B |
| Cash & ST investments | 637.37M | 1.11B | 7.22B | 5.29B | 5.53B | 9.57B | 11.91B |
| Inventory | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 2.39B | 5.86B | 21.27B | 89.72B | 14.75B | 22.54B | 29.67B |
| Total current liabilities | 1.22B | 4.25B | 11.42B | 80.82B | 5.49B | 7.94B | 8.70B |
| Short-term debt | 23.78M | 25.27M | 52.43M | 54.25M | -- | 374.27M | 1.72B |
| Long-term debt | -- | -- | 3.38B | 3.39B | 2.98B | 4.23B | 5.94B |
| Total liabilities | 1,894,683,000.00 | 4,891,830,000.00 | 14,892,736,000.00 | 84,270,316,000.00 | 8,472,252,000.00 | 12,265,109,000.00 | 14,878,774,000.00 |
| Total equity | 497.09M | 963.58M | 6.38B | 5.45B | 6.28B | 10.28B | 14.79B |
| Retained earnings | 403.99M | 726.30M | 4.35B | 1.73B | 1.82B | 4.96B | 6.22B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 17.45B | 17.49B | 22.09B | 20.39B | 19.68B | 17.49B |
| Cash & ST investments | 10.15B | 9.55B | 13.33B | 11.91B | 10.68B | 9.02B |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 21.73B | 23.48B | 31.35B | 29.67B | 28.85B | 26.46B |
| Total current liabilities | 6.93B | 8.23B | 9.19B | 8.70B | 9.19B | 7.22B |
| Short-term debt | -- | 1.27B | 1.27B | 1.72B | 1.84B | 539.20M |
| Long-term debt | 4.24B | 2.97B | 5.93B | 5.94B | 5.94B | 5.94B |
| Total liabilities | 11,262,766,000.00 | 11,381,149,000.00 | 15,328,143,000.00 | 14,878,774,000.00 | 15,368,219,000.00 | 13,380,621,000.00 |
| Total equity | 10.47B | 12.09B | 16.02B | 14.79B | 13.48B | 13.08B |
| Retained earnings | 5.03B | 6.46B | 6.89B | 6.22B | 5.83B | 5.47B |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -80.59M | 3.00B | 4.04B | -1.59B | 673.38M | 3.10B | 2.43B |
| Depreciation & amortization | 16.88M | 30.96M | 63.65M | 154.07M | 139.64M | 127.52M | 188.43M |
| Free cash flow | -121.07M | 2.99B | 3.96B | -1.59B | 673.38M | 3.10B | 2.43B |
| Dividends paid | -- | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -- | -- | -- | -- | 0 | 0 | -790.20M |
| Ending cash balance | 1.78B | 4.86B | 17.68B | 9.43B | 9.93B | 15.68B | 16.89B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 852.69M | 240.08M | -1.73B | 3.07B | 182.74M | 197.31M |
| Depreciation & amortization | 33.33M | 33.90M | 50.08M | 71.12M | 68.01M | 64.40M |
| Free cash flow | 852.69M | 240.08M | -1.73B | 3.07B | 182.74M | 197.31M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | 0 | 0 | -- | -- | -1.06B | -181.25M |
| Ending cash balance | 15.51B | 14.73B | 14.31B | 16.89B | 15.93B | 13.15B |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| ROE %i | -6.11 | 44.13 | 84.33 | -44.35 | 1.61 | 31.14 | 10.05 |
| ROA %i | -1.27 | 7.82 | 22.83 | -4.73 | 0.06 | 2.25 | 4.83 |
| ROIC %i | -4.84 | 37.95 | 56.60 | -27.09 | 1.76 | 22.20 | 6.84 |
| 5-year avg ROE %i | -- | -- | -- | -- | 10.06 | 17.51 | 16.56 |
| EBIT margin %i | -6.68 | 32.01 | 39.24 | -93.16 | 0.19 | 46.06 | 22.38 |
| FCF / sales %i | -- | 233.68 | 135.78 | -- | 27.66 | 38.95 | 33.79 |
| Current ratioi | 1.62 | 1.21 | 1.61 | 1.07 | 2.07 | 2.28 | 2.34 |
| Quick ratioi | 0.60 | 0.31 | 0.66 | 0.07 | 1.12 | 1.32 | 1.57 |
| Debt / assetsi | 5.45 | 1.84 | 16.50 | 3.89 | 20.22 | 20.82 | 26.39 |
| LT debt / equityi | 21.43 | 8.56 | 54.20 | 62.98 | 47.50 | 42.04 | 41.30 |
| Interest coveragei | -- | -- | -- | -33.47 | 0.07 | 37.49 | 18.82 |
| Revenue CAGR (3Y) %i | -- | -- | -- | 81.56 | 34.50 | -5.75 | 31.00 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -33.48 | -10.72 | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -39.13 | -7.76 | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 15.84 | 27.96 | 26.00 | 10.05 | 6.69 | -7.85 |
| ROA %i | 0.79 | 1.84 | 2.00 | 4.83 | 3.17 | -3.96 |
| ROIC %i | 11.40 | 19.28 | 17.47 | 6.84 | 4.58 | -5.06 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 23.99 | 50.71 | 51.99 | 22.38 | 16.19 | -18.38 |
| FCF / sales %i | 28.20 | 25.78 | 4.25 | 33.79 | 26.77 | 27.28 |
| Current ratioi | 2.52 | 2.13 | 2.40 | 2.34 | 2.14 | 2.42 |
| Quick ratioi | 1.57 | 1.30 | 1.59 | 1.57 | 1.36 | 1.53 |
| Debt / assetsi | 19.89 | 18.78 | 23.51 | 26.39 | 27.61 | 25.20 |
| LT debt / equityi | 41.29 | 25.99 | 38.09 | 41.30 | 45.46 | 46.86 |
| Interest coveragei | 20.34 | 43.28 | 47.85 | 18.82 | 12.15 | -12.91 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
Single segment100.00%
Quote time 2026-10-08 07:00:18 · For reference only, not investment advice and not tailored to your situation.