Coinbase Global, Inc. — COIN
| Close Price | Market Cap | P/E Ratio | Forward P/E Ratio | Implied Growth* | Implied Forward Growth* | Dividend | P/B Ratio |
|---|---|---|---|---|---|---|---|
| $295.76 | $75.99B | 28.5 | 82.8 | 15.1% | 27.6% | - | 6.3 |
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 | $5.32 | 6.0% | -43.1% | -48.9% |
| 6 | Average | 113.8% | 664.8% | 1017.3% |
EPS
Forecasts
Y/Y % Change
COIN Year-over-Year Growth
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Average | |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth (%) | 513.7% | -59.3% | -2.7% | 111.2% | 7.1% | 8.7% | 96.5% | |
| Revenue Analysts (#) | 0 | 0 | 0 | 0 | 0 | 7 | 7 | |
| EPS Growth (%) | 1024.4% | -172.4% | -103.6% | 2618.5% | -30.2% | -18.1% | 553.1% | |
| EPS Analysts (#) | 0 | 0 | 0 | 0 | 0 | 8 | 8 |
Expenses
| Year | Revenue ($) | 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 · 2025-09-05 14:57 UTC — Values are shown in a single scale for this table: $B. TTM values are bold. “% of Total (TTM)” shows revenue mix.
| Segment | 2022 Rev ($B) | 2022 OI ($B) | 2023 Rev ($B) | 2023 OI ($B) | 2024 Rev ($B) | 2024 OI ($B) | TTM Rev ($B) | TTM OI ($B) | % of Total (TTM) |
|---|---|---|---|---|---|---|---|---|---|
| Bank Servicing | 2.36B | 0.00B | 1.52B | 0.00B | 3.99B | 0.00B | 4.14B | 0.00B | 31.2% |
| Bank Servicing Consumer Net | 2.12B | 0.00B | 1.33B | 0.00B | 3.43B | 0.00B | 3.56B | 0.00B | 26.9% |
| Subscription And Circulation | 0.79B | 0.00B | 1.41B | 0.00B | 2.31B | 0.00B | 2.61B | 0.00B | 19.7% |
| Subscription And Circulation Stablecoin | 0.25B | 0.00B | 0.69B | 0.00B | 0.91B | 0.00B | 1.19B | 0.00B | 9.0% |
| Subscription And Circulation Blockchain Infrastructure Service | 0.28B | 0.00B | 0.33B | 0.00B | 0.71B | 0.00B | 0.67B | 0.00B | 5.1% |
| Subscription And Circulation Other | 0.11B | 0.00B | 0.13B | 0.00B | 0.28B | 0.00B | 0.36B | 0.00B | 2.7% |
| Bank Servicing Institutional | 0.12B | 0.00B | 0.09B | 0.00B | 0.35B | 0.00B | 0.35B | 0.00B | 2.7% |
| Bank Servicing Other | 0.11B | 0.00B | 0.10B | 0.00B | 0.21B | 0.00B | 0.22B | 0.00B | 1.7% |
| Subscription And Circulation Custodial Fee | 0.08B | 0.00B | 0.07B | 0.00B | 0.14B | 0.00B | 0.14B | 0.00B | 1.1% |
Balance Sheet
| Metric | Value | |
|---|---|---|
| 0 | Total Assets | $21,731M |
| 1 | Cash | $8,051M |
| 2 | Total Liabilities | $11,263M |
| 3 | Total Debt | $4,322M |
| 4 | Total Equity | $10,468M |
| 5 | Debt to Equity Ratio | 0.41 |
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 | 21.05% | 29.69% | 24.45% | 29.37% | 5.13% | 1.41% | 15.47% | 28.18% | 3.4% | 17.2% |
| 3 Years | 21.05% | 29.69% | 24.45% | 29.37% | 5.13% | 1.41% | 15.47% | 28.18% | 3.4% | 17.2% |
| 5 Years | 21.05% | 29.69% | 24.45% | 29.37% | 5.13% | 1.41% | 15.47% | 28.18% | 3.4% | 17.2% |
| 10 Years | 21.05% | 29.69% | 24.45% | 29.37% | 5.13% | 1.41% | 15.47% | 28.18% | 3.4% | 17.2% |