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Coinbase Global, Inc. Class A Common Stock

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant poin...

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Coinbase Global, Inc. Class A Common Stock
COIN FINANCE SERVICES · Market Cap: $44B
$167.90 ▲ +0.24%
+$0.41 today · as of 29 Jul 2026
49 S.I.F.T
S.I.F.T.™ Analysis
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Caution – significant pillar weakness detected.
Last updated: 29 Jul 2026 · Confidence: 55%
Pillar Breakdown
🛡 Safety 40
Balance sheet or moat concerns are weighing on the score.
💰 Income 35
High cyclicality and lack of recurring revenue are limiting stability.
📊 Fundamentals 35
Strong growth but valuation is elevated.
⏱ Time 45
Shorter track record or weaker tailwinds.
🧠 Munger Reality Filter AVOID

Weak moat in a highly competitive and regulated crypto exchange space with limited differentiation beyond US compliance focus.

Strengths: Leading US crypto exchange position with strong brand, Expansion into prime brokerage and analytics for diversification, Large market cap providing scale
Risks: Crypto market volatility impacting transaction revenue, Low ROE and high debt-to-CFO ratio signaling weak fundamentals, Zero dividend and warchest indicating limited income stability, Regulatory and competitive pressures from global players
📈 Price History

Business Overview

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
Key Metrics
ROE (10yr)
2.8%
Debt / CFO
N/A
Div. Yield
0.00%
FCF Growth
0.0%

FAQ

Financial Details

Recent Quarters
Quarter Revenue Gross Profit EPS
No quarterly data available.
Segment Breakdown
Data Center 56%
Client 28%
Gaming 9%
Embedded 7%

Management

Leadership Summary
  • Strong founder-led vision with deep crypto expertise driving long-term platform innovation.
  • Experienced finance and operations team focused on scaling amid regulatory scrutiny.
  • Emphasis on compliance and institutional services positions Coinbase as a trusted market leader.
  • Proactive engagement with policymakers to shape favorable crypto regulations.
Track Record

Under Armstrong's leadership, Coinbase grew from startup to public company with over 100 million users; navigated multiple crypto cycles while maintaining profitability in bull markets and cost discipline in bears; successful IPO in 2021 and expansion into derivatives and staking.

Recent Commentary

“In Q2 2024 earnings, management highlighted record trading volumes from ETF inflows and stablecoin growth, while noting ongoing investments in international markets and AI-driven security features.”

Analyst Reviews & Risks

Wall Street Consensus
4.6
out of 5 (Strong Buy)
Average Target: $485.00
Key Investment Risks
  • Crypto market volatility impacting transaction revenue
  • Low ROE and high debt-to-CFO ratio signaling weak fundamentals
  • Zero dividend and warchest indicating limited income stability
  • Regulatory and competitive pressures from global players
Ownership & Sentiment

Institutional Ownership: N/A%

Short Interest: N/A%

AI Investment Thesis
  • Dominant US crypto exchange with leading market share in spot trading volume and strong brand recognition.
  • Revenue diversification through staking, custody, derivatives, and institutional services reducing reliance on trading fees.
  • Well-positioned to capture growth from mainstream crypto adoption and potential Bitcoin/ETH ETF inflows.
  • Robust balance sheet with significant cash holdings providing resilience during crypto market downturns.
  • Attractive valuation relative to growth potential as crypto matures into a recognized asset class.
Key Catalysts & Risks
Catalysts
  • Bitcoin spot ETF approvals driving higher trading volumes and user onboarding.
  • US regulatory clarity on crypto classification and custody rules.
  • Successful international expansion and new product launches (e.g., derivatives, NFTs).
  • Crypto bull market fueled by halving cycle and macroeconomic tailwinds.
Risks
  • Extreme revenue volatility tied to crypto asset prices and trading activity.
  • Ongoing regulatory enforcement actions and potential adverse legislation.
  • Intense competition from global exchanges and emerging DeFi platforms.
  • Cybersecurity breaches and platform operational disruptions.
Peer Comparison
Company P/E Rev Growth Gross Margin ROE Debt/Equity
NVDA N/A N/A% N/A% 61.51% 0.51
INTC N/A N/A% N/A% -5.53% 6.65
AVGO N/A N/A% N/A% 16.36% 2.72
AMD N/A N/A% N/A% 6.29% 1.78
  • ...

    Investors

     0

  • Ticker

     COIN
  • ...

    Sector

     FINANCE SERVICES

  • Current Price

     $167.90

  • S.I.F.T. Score

     49
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