Coinbase Global, Inc. — COIN
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $309.14 | $83.36B | 26.7 | 86.6 | 14.4% | 28.2% | - | 5.2 |
Revenue & Net Income
| Date | Revenue | Net Income | EPS | Revenue Change | Net Income Change | EPS Change | |
|---|---|---|---|---|---|---|---|
| 0 | 2020-12-31 | $1.3B | $322.3M | $0.58 | N/A | N/A | N/A |
| 1 | 2021-12-31 | $7.8B | $3.6B | $17.47 | 513.7% | 1024.4% | 2901.4% |
| 2 | 2022-12-31 | $3.2B | $-2.6B | $-11.81 | -59.3% | -172.4% | -167.6% |
| 3 | 2023-12-31 | $3.1B | $94.9M | $0.40 | -2.7% | -103.6% | -103.4% |
| 4 | 2024-12-31 | $6.6B | $2.6B | $10.42 | 111.2% | 2618.5% | 2505.0% |
| 5 | TTM 2025-03-31 | $7.0B | $1.5B | $5.32 | 6.0% | -43.1% | -48.9% |
| 6 | Average | 113.8% | 664.8% | 1017.3% |
EPS
Forecasts
Y/Y % Change
COIN Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 513.7% | -59.3% | -2.7% | 111.2% | 11.4% | 12.0% | 97.7% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 6 | 6 | |
| EPS Growth (%) | 1024.4% | -172.4% | -103.6% | 2618.5% | -16.8% | -26.9% | 553.9% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 6 | 6 |
Expenses
| Year | Revenue ($) | Cost of Revenue ($) | R&D ($) | Sales & Marketing ($) | G&A ($) | SG&A ($) | Facilities / D&A ($) | Personnel ($) |
|---|---|---|---|---|---|---|---|---|
| 2021 | $7.8B | $1.7B | $1.3B | $577.1M | $525.3M | $1.1B | $63.7M | $470.6M |
| 2022 | $3.2B | $475.8M | $2.3B | $510.1M | $1.6B | $2.1B | $154.1M | $760.8M |
| 2023 | $3.1B | $995.9M | $1.3B | $188.6M | $503.2M | $691.8M | $139.6M | $642.4M |
| 2024 | $6.6B | $1.5B | $1.5B | $503.4M | $691.5M | $1.2B | $127.5M | $0.0 |
| TTM | $7.0B | $1.7B | $1.5B | $731.1M | $787.5M | $1.5B | $130.9M | $0.0 |
| Year | Revenue Change (%) | Cost of Revenue Change (%) | R&D Change (%) | Sales & Marketing Change (%) | G&A Change (%) | SG&A Change (%) | Facilities / D&A Change (%) | Personnel Change (%) |
|---|---|---|---|---|---|---|---|---|
| 2022 | -59.25 | -71.59 | 80.12 | -11.62 | 204.68 | 91.45 | 142.05 | 61.66 |
| 2023 | -2.69 | 109.31 | -43.06 | -63.04 | -68.56 | -67.22 | -9.36 | -15.57 |
| 2024 | 111.17 | 53.63 | 10.85 | 166.98 | 37.41 | 72.72 | -8.68 | -100.00 |
| TTM | 6.77 | 11.28 | 1.40 | 45.24 | 13.89 | 27.10 | 2.67 | NaN |
No unmapped expenses.
Segment Performance
SEGMENTS v2025-09-09 · 2025-11-10 08:20 UTC — Units: $B. Rows list fiscal years (last 3 + TTM) with revenue and operating income for each segment; the final row shows the TTM revenue mix (operating income columns display “—” where mix is not applicable).
| Year | Bank Servicing Rev | Bank Servicing OI | Bank Servicing Consumer Net Rev | Bank Servicing Consumer Net OI | Subscription And Circulation Rev | Subscription And Circulation OI | Subscription And Circulation Stablecoin Rev | Subscription And Circulation Stablecoin OI | Subscription And Circulation Blockchain Infrastructure Service Rev | Subscription And Circulation Blockchain Infrastructure Service OI | Bank Servicing Institutional Rev | Bank Servicing Institutional OI | Subscription And Circulation Other Rev | Subscription And Circulation Other OI | Bank Servicing Other Rev | Bank Servicing Other OI | Subscription And Circulation Custodial Fee Rev | Subscription And Circulation Custodial Fee OI | Total Rev | Total OI |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2.36B | 0.00B | 2.12B | 0.00B | 0.79B | 0.00B | 0.25B | 0.00B | 0.28B | 0.00B | 0.12B | 0.00B | 0.11B | 0.00B | 0.11B | 0.00B | 0.08B | 0.00B | 6.22B | 0.00B |
| 2023 | 1.52B | 0.00B | 1.33B | 0.00B | 1.41B | 0.00B | 0.69B | 0.00B | 0.33B | 0.00B | 0.09B | 0.00B | 0.13B | 0.00B | 0.10B | 0.00B | 0.07B | 0.00B | 5.67B | 0.00B |
| 2024 | 3.99B | 0.00B | 3.43B | 0.00B | 2.31B | 0.00B | 0.91B | 0.00B | 0.71B | 0.00B | 0.35B | 0.00B | 0.28B | 0.00B | 0.21B | 0.00B | 0.14B | 0.00B | 12.3B | 0.00B |
| TTM | 5.10B | 0.00B | 4.30B | 0.00B | 2.93B | 0.00B | 1.32B | 0.00B | 0.77B | 0.00B | 0.52B | 0.00B | 0.45B | 0.00B | 0.29B | 0.00B | 0.14B | 0.00B | 15.8B | 0.00B |
| % of Total (TTM) | 32.3% | — | 27.2% | — | 18.5% | — | 8.3% | — | 4.9% | — | 3.3% | — | 2.8% | — | 1.8% | — | 0.9% | — | 100% | — |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $23,476M |
| 1 | Cash | $7,539M |
| 2 | Total Liabilities | $11,381M |
| 3 | Total Debt | $4,410M |
| 4 | Total Equity | $12,095M |
| 5 | Debt to Equity Ratio | 0.36 |
EPS & Dividend
Valuation
| Share Price | Treasury Yield | Estimates | Fair Value (P/E) | Fair Value (P/S) | Current P/S | Current P/E |
|---|---|---|---|---|---|---|
| $308.38 | 4.4% | Nicks Growth: 8% Nick's Expected Margin: 10% FINVIZ Growth: -3% |
Nicks: 14 Finviz: 5 |
Nick's: 1.428 | 11.8 | 57.9 |
| Basis | Year | Nicks Valuation | Nicks vs Share Price | Finviz Valuation | Finviz vs Share Price |
|---|---|---|---|---|---|
| $5.32 EPS | TTM | $75.96 | -75.4% | $25.05 | -91.9% |
| $2.96 EPS | 2025 | $42.26 | -86.3% | $13.94 | -95.5% |
| $6.52 EPS | 2026 | $93.09 | -69.8% | $30.70 | -90.0% |
Implied Growth
| Average | Median | Std Dev | Current | Percentile | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | TTM | Forward | |
| Timeframe | ||||||||||
| 1 Year | 18.87% | 29.44% | 16.29% | 29.14% | 4.51% | 1.23% | 14.43% | 28.19% | 2.8% | 16.8% |
| 3 Years | 18.87% | 29.44% | 16.29% | 29.14% | 4.51% | 1.23% | 14.43% | 28.19% | 2.8% | 16.8% |
| 5 Years | 18.87% | 29.44% | 16.29% | 29.14% | 4.51% | 1.23% | 14.43% | 28.19% | 2.8% | 16.8% |
| 10 Years | 18.87% | 29.44% | 16.29% | 29.14% | 4.51% | 1.23% | 14.43% | 28.19% | 2.8% | 16.8% |