Coinbase runs a crypto exchange in the US. Private customers and institutions trade and store Bitcoin and other crypto assets there. The company earns trading fees, custody and staking income and interest income from the digital currency USDC, and it runs the Base network. As of Oct 13, 2026
Coinbase runs a platform on which private customers can hold, invest in and trade crypto assets. In December 2025 the company expanded its offering to include company shares, commodity futures and contracts on the outcome of events. Besides individuals, institutions such as market makers, asset managers, hedge funds and banks also use its offerings, as do companies that develop their own crypto products on the platform. Revenue comes from fees on trades as well as from subscription and services products, such as stablecoin offerings. For large clients, Coinbase holds crypto assets for a fee based on the stored holdings. In addition, the company receives a fixed share of the rewards that customers receive for staking crypto assets, as well as interest on customer balances.
Automatically summarized from SEC annual report (10-K, filed Feb 12, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 15, 2026
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
This method currently detects no pattern for COIN. The check runs daily after the close.
You see new patterns immediately from Watcher, on the free plan 2 days after they form. Plans and pricing
What is this? After strong news, usually earnings, the price opened above the previous day’s high and closed much higher on heavy volume. Such moves often continue for a few more days.
This is a calculated analysis, not a forecast and not a call to buy. Risk notice and investment advice
Coinbase · Sector Financials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 12, 2026.
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
20.0% Fiscal year 2025
Rank 59 of 100: higher than 59% of 192 peers (All). medium.
Rank 27 of 100: higher than 27% of 13 peers (Sector). weak.
Median Financials: 39.0%
Operating income divided by revenue: what the core business earns before interest and taxes.
17.6% Fiscal year 2025
Rank 61 of 100: higher than 61% of 237 peers (All). medium.
Rank 32 of 100: higher than 32% of 33 peers (Sector). weak.
Median Financials: 26.2%
Profit after all costs, interest and taxes divided by revenue.
8.5% Fiscal year 2025
Rank 27 of 100: higher than 27% of 218 peers (All). weak.
Rank 20 of 100: higher than 20% of 32 peers (Sector). weak.
Median Financials: 13.9%
Net income divided by equity at fiscal year end.
4.2% Fiscal year 2025 (total assets at year end)
Rank 39 of 100: higher than 39% of 238 peers (All). medium.
Rank 65 of 100: higher than 65% of 33 peers (Sector). medium.
Median Financials: 2.4%
Net income divided by total assets at fiscal year end.
49.9% Fiscal year 2025
Rank 69 of 100: higher than 69% of 239 peers (All). strong.
Rank 86 of 100: higher than 86% of 33 peers (Sector). strong.
Median Financials: 18.2%
Equity as a share of total assets. Usually low for banks.
+31.0% per year
Rank 86 of 100: higher than 86% of 230 peers (All). strong.
Rank 89 of 100: higher than 89% of 32 peers (Sector). strong.
Median Financials: +9.7%
Average growth per year over 3 fiscal years.
+41.2% per year
Rank 90 of 100: higher than 90% of 217 peers (All). strong.
Rank 95 of 100: higher than 95% of 29 peers (Sector). strong.
Median Financials: +9.1%
Average growth per year over 5 fiscal years.
+26.0% per year
Rank 76 of 100: higher than 76% of 146 peers (All). strong.
Rank 86 of 100: higher than 86% of 25 peers (Sector). strong.
Median Financials: +14.8%
Growth of earnings per share per year, adjusted for stock splits.
0.40 at fiscal year end
Rank 64 of 100: lower than 64% of 199 peers (All). medium.
Rank 75 of 100: lower than 75% of 26 peers (Sector). strong.
Median Financials: 0.83
Long-term financial debt divided by equity.
2.34 at fiscal year end
Rank 75 of 100: higher than 75% of 215 peers (All). strong.
Rank 81 of 100: higher than 81% of 13 peers (Sector). strong.
Median Financials: 1.10
Current assets divided by current liabilities.
+29.2% in 3 years
No rank: too few peers or not computed yet.
Change in diluted share count. Negative = share buybacks, positive = new shares.
Banks and insurers usually do not report gross margin, current assets or capital expenditure – those criteria then do not count. Debt is part of their business.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
No reported values for “Dividend per share” in this interval.
No reported values for “Dividend per share” in this interval.
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 7.2B USD · Net income 1.3B USD · Net margin 17.6%
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Of 100 USD of revenue, 20.0 USD operating income and 17.6 USD net income remained.
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 7.2B USD | 100.0% |
| Operating income | 1.4B USD | 20.0% |
| Research & development | 1.7B USD | 23.3% |
| Remaining cost of revenue and operating expenses | 4.1B USD | 56.7% |
| Net income | 1.3B USD | 17.6% |
| Interest expense | 85.4M USD | 1.2% |
| Taxes & other (net) | 89.7M USD | 1.2% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
The operating margin fell in 5 years from 32.0% to 20.0%.
Operating marginNet marginReturn on equity fell in 5 years from 33.4% to 8.5%.
Return on equityReturn on assets Return on equity hidden where equity is below 5% of total assets.The equity ratio rose in 5 years from 16.5% to 49.9%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.The current ratio rose in 5 years from 1.21 to 2.34.
Current ratioThe share count rose in 4 years by 30.6% – more new shares were issued than repurchased (dilution).
Diluted share countBanks and insurers: gross margin, current assets and capital expenditure are usually not reported and cash flow is not meaningful there – those lines and charts are omitted.
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
Over 5 years, 790.2M USD went back to shareholders, 100% of it through share repurchases.
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USDFor banks and insurers free cash flow is not meaningful; ratios to free cash flow are usually omitted.
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Coinbase next to 8 stocks of the sector Financials we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| KKR KKR & Co. | 19.5B USD | +35.7% | – | – | 12.2% | 7.7% | 7.5% | – | – |
| SPGI S&P Global | 15.3B USD | +15.6% | – | 42.2% | 29.2% | 14.4% | 50.9% | – | – |
| BX Blackstone Inc. | 14.5B USD | +18.8% | – | – | 20.9% | 34.8% | 18.2% | – | – |
| ICE Intercontinental Exchange | 12.6B USD | +8.9% | – | 39.0% | 26.2% | 11.5% | 21.1% | – | – |
| MCO Moody's Corporation | 7.7B USD | +7.5% | – | 43.4% | 31.9% | 60.7% | 25.6% | – | – |
| COIN Coinbase this stock | 7.2B USD | +41.2% | – | 20.0% | 17.6% | 8.5% | 49.9% | – | – |
| CME CME Group | 6.5B USD | +6.0% | – | 64.9% | 62.5% | 14.2% | 14.5% | – | – |
| HOOD Robinhood Markets | 4.5B USD | +36.1% | – | – | 42.1% | 20.6% | 24.0% | – | – |
| CRCL Circle Internet Group | 2.7B USD | – | – | −3.5% | −2.5% | – | 4.2% | – | – |
| Median of the sector 33 symbols | 27.0B USD | +9.1% | – | 39.0% | 26.2% | 13.9% | 18.2% | – | – |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 79 symbols in the Financials sector on our list (current members of the S&P 500 and other lists).
+41.2% per year, last 5 years
Sector Financials: median +8.8% (73 symbols)
What does this mean? Revenue: over 5 years it grew by 41.2% per year on average – at least as fast as the median company in the sector (+8.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
+31.4% per year, last 5 years
Sector Financials: median +13.8% (71 symbols)
per share: +26.0% per year (5 years, split-adjusted)
What does this mean? Total net income: over 5 years it grew by 31.4% per year on average – at least as fast as the median company in the sector (+13.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
17.6% last fiscal year
Sector Financials: median 19.4% (75 symbols)
What does this mean? Of every 100 USD in revenue, 17.55 USD remained as profit – less than the median company in the sector (19.4%). Five years ago the margin was 25.2%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
0.45 latest balance sheet
Sector Financials: median 0.63 (60 symbols)
What does this mean? For every 1 USD of equity there is 0.45 USD of financial debt – no more than the median company in the sector (0.63). For banks and insurers, debt is part of the business – so the comparison is only with their own sector.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
– Dividend / earnings per share
Sector Financials: median 34% (58 symbols)
What does this mean? The loaded SEC filings of the last two fiscal years contain no dividend per share. Either the company pays none, or it reports it under a different tag.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
5 of 7 fiscal years with a profit
What does this mean? In 5 of the last 7 fiscal years the bottom line showed a profit. 2 years ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 7.2B | 1.3B | 17.6% | 4.45 | – | – |
| 2024 | Dec 31, 2024 | 6.6B | 2.6B | 39.3% | 9.48 | – | – |
| 2023 | Dec 31, 2023 | 3.1B | 94.9M | 3.1% | 0.37 | – | – |
| 2022 | Dec 31, 2022 | 3.2B | −2.6B | −82.2% | −11.83 | – | – |
| 2021 | Dec 31, 2021 | 7.8B | 3.6B | 46.2% | 14.50 | – | – |
| 2020 | Dec 31, 2020 | 1.3B | 322.3M | 25.2% | 1.40 | – | – |
| 2019 | Dec 31, 2019 | 533.7M | −30.4M | −5.7% | −0.50 | – | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 1.2B | −359.5M | −29.5% | −1.36 | – | – |
| Q1/26 | Mar 31, 2026 | 1.4B | −394.1M | −27.9% | −1.49 | – | – |
| Q4/25* | Dec 31, 2025 | 1.8B | −666.7M | −37.4% | – | – | – |
| Q3/25 | Sep 30, 2025 | 1.9B | 432.6M | 23.1% | 1.50 | – | – |
| Q2/25 | Jun 30, 2025 | 1.5B | 1.4B | 95.4% | 5.14 | – | – |
| Q1/25 | Mar 31, 2025 | 2.0B | 65.6M | 3.2% | 0.24 | – | – |
| Q4/24* | Dec 31, 2024 | 2.3B | 1.3B | 56.8% | – | – | – |
| Q3/24 | Sep 30, 2024 | 1.2B | 75.5M | 6.3% | 0.28 | – | – |
| Q2/24 | Jun 30, 2024 | 1.4B | 36.2M | 2.5% | 0.14 | – | – |
| Q1/24 | Mar 31, 2024 | 1.6B | 1.2B | 71.8% | 4.40 | – | – |
| Q4/23* | Dec 31, 2023 | 953.8M | 273.4M | 28.7% | – | – | – |
| Q3/23 | Sep 30, 2023 | 674.1M | −2.3M | −0.3% | −0.01 | – | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $23.0M4 people | −$23.0M |
| 6 months | $00 people | $30.4M6 people | −$30.4M |
| 12 months | $00 people | $327.2M9 people | −$327.2M |
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
Latest news
No posts on COIN yet – log in to join the discussion.
Posts are opinions of users and only visible after logging in. Community rules