📊 COIN Key Takeaways
Investment Thesis
Coinbase demonstrates solid fundamental strength with robust profitability (17.6% net margin), excellent cash generation (33.8% FCF margin), and conservative leverage (0.49x debt-to-equity). The company maintains a fortress balance sheet with $11.3B cash and strong liquidity ratios, though the 0% net income growth YoY and declining EPS (-53.1%) suggest cyclical headwinds in the digital assets market.
COIN Strengths
- Exceptional free cash flow generation ($2.4B) with 33.8% FCF margin indicates strong operational efficiency
- Conservative capital structure with 0.49x debt-to-equity ratio and 75.3x interest coverage provides substantial financial flexibility
- Solid liquidity position (2.34x current ratio) with $11.3B cash and equivalents representing 38% of total assets
- Healthy operating margin of 20% demonstrates profitable core business operations
- Revenue growth of 9.4% YoY shows resilience despite market volatility
COIN Risks
- Zero net income growth year-over-year combined with 53.1% EPS decline indicates earnings compression and potential profitability challenges
- High insider trading activity (25 Form 4 filings in 90 days) may reflect uncertainty or capital deployment concerns
- Significant long-term debt of $7.2B represents 48.6% of equity base, creating fixed obligations in a volatile revenue environment
- Missing gross profit data and N/A gross margin obscures cost structure visibility and unit economics
- Cryptocurrency market cyclicality creates revenue volatility as evidenced by flat net income despite revenue growth
Key Metrics to Watch
- Quarterly revenue trends and customer transaction volume to assess market participation recovery
- Net income growth trajectory and margin expansion/contraction in subsequent quarters
- Operating cash flow sustainability and capital allocation decisions given $11.3B cash position
- Debt reduction progress and interest expense relative to operating income growth
COIN Financial Metrics
💡 AI Analyst Insight
The 33.8% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 2.34x current ratio provides a solid financial cushion.
COIN Profitability Ratios
COIN vs Finance Sector
How Coinbase Global, Inc. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
COIN Balance Sheet & Liquidity
COIN 5-Year Financial Trend
5-Year Trend Summary: Coinbase Global, Inc.'s revenue has remained relatively flat over the 5-year period, with a 8% decline. The most recent EPS of $0.37 reflects profitable operations.
COIN Growth Metrics (YoY)
COIN Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $1.2B | $75.5M | $0.28 |
| Q2 2025 | $1.4B | $36.2M | $0.14 |
| Q1 2025 | $1.6B | $65.6M | $0.24 |
| Q3 2024 | $674.1M | -$2.3M | $-0.01 |
| Q2 2024 | $707.9M | $36.2M | $0.14 |
| Q1 2024 | $772.5M | -$78.9M | $-0.34 |
| Q3 2023 | $590.3M | -$2.3M | $-0.01 |
| Q2 2023 | $707.9M | -$97.4M | $-0.42 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
COIN Capital Allocation
COIN SEC Filings
Access official SEC EDGAR filings for Coinbase Global, Inc. (CIK: 0001679788)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 18, 2026 | 4 | xslF345X06/wk-form4_1773867532.xml | View → |
| Mar 6, 2026 | 4 | xslF345X05/form4-03062026_090302.xml | View → |
| Mar 3, 2026 | 4 | xslF345X05/wk-form4_1772572867.xml | View → |
| Feb 26, 2026 | 4 | xslF345X05/wk-form4_1772140483.xml | View → |
| Feb 26, 2026 | 4 | xslF345X05/wk-form4_1772140456.xml | View → |
❓ Frequently Asked Questions about COIN
What is the AI rating for COIN?
Coinbase Global, Inc. (COIN) has an AI rating of BUY with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are COIN's key strengths?
Exceptional free cash flow generation ($2.4B) with 33.8% FCF margin indicates strong operational efficiency. Conservative capital structure with 0.49x debt-to-equity ratio and 75.3x interest coverage provides substantial financial flexibility.
What are the risks of investing in COIN?
Zero net income growth year-over-year combined with 53.1% EPS decline indicates earnings compression and potential profitability challenges. High insider trading activity (25 Form 4 filings in 90 days) may reflect uncertainty or capital deployment concerns.
What is COIN's revenue and growth?
Coinbase Global, Inc. reported revenue of $7.2B.
Does COIN pay dividends?
Coinbase Global, Inc. does not currently pay dividends.
Where can I find COIN SEC filings?
Official SEC filings for Coinbase Global, Inc. (CIK: 0001679788) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is COIN's EPS?
Coinbase Global, Inc. has a diluted EPS of $4.45.
How is the AI analysis conducted?
Our AI (Claude) analyzes publicly available SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports to evaluate financial health, profitability ratios, balance sheet strength, and growth metrics.