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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: $46B
$175.26 ▲ +1.73%
+$2.98 today · as of 12 Sep 2026
49 S.I.F.T
S.I.F.T.™ Analysis
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Caution – significant pillar weakness detected.
Last updated: 12 Sep 2026 · Confidence: 70%
Pillar Breakdown
🛡 Safety 50
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 brand and compliance focus.

Strengths: Leading US crypto exchange position, Expansion into prime brokerage and analytics, Large market capitalization
Risks: Negative ROE and poor fundamentals, High debt-to-CFO ratio indicating leverage risk, Crypto market volatility and regulatory uncertainty, Zero dividend and income stability
📈 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)
-3.7%
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
  • Visionary leadership driving Coinbase's position as a leading crypto exchange with emphasis on compliance and user growth.
  • Experienced team with deep fintech and tech backgrounds enabling navigation through market volatility.
  • Strong emphasis on regulatory engagement and institutional product development.
  • Transparent communication style fostering investor and user trust amid industry challenges.
Track Record

Successfully took Coinbase public in 2021 via direct listing; achieved profitability in multiple quarters despite crypto cycles; expanded to over 100 million users with diversified revenue streams including staking and custody.

Recent Commentary

“In Q2 2024 earnings, Armstrong highlighted regulatory clarity progress in the US and international expansion, while noting ongoing focus on cost efficiency and AI integration for trading tools.”

Analyst Reviews & Risks

Wall Street Consensus
4.6
out of 5 (Strong Buy)
Average Target: $485.00
Key Investment Risks
  • Negative ROE and poor fundamentals
  • High debt-to-CFO ratio indicating leverage risk
  • Crypto market volatility and regulatory uncertainty
  • Zero dividend and income stability
Ownership & Sentiment

Institutional Ownership: N/A%

Short Interest: N/A%

AI Investment Thesis
  • Dominant US crypto exchange with strong brand and network effects driving user growth.
  • Diversifying revenue via staking, custody, and institutional services beyond trading fees.
  • Well-positioned for institutional crypto adoption and potential spot Bitcoin ETF inflows.
  • Scalable platform with operating leverage that can expand margins in bull markets.
  • Exposure to high-growth digital asset class at a valuation reflecting cyclical crypto dynamics.
Key Catalysts & Risks
Catalysts
  • Regulatory clarity or pro-crypto legislation in the US.
  • Bitcoin halving cycle and renewed retail/institutional inflows.
  • Launch of new products like derivatives or international expansion.
  • Positive earnings surprises from higher trading volumes.
Risks
  • Adverse regulatory actions or enforcement against crypto platforms.
  • High correlation to volatile crypto prices leading to revenue swings.
  • Intense competition from Binance, Kraken, and emerging DeFi protocols.
  • Cybersecurity breaches or custody failures eroding user trust.
Peer Comparison
Company P/E Rev Growth Gross Margin ROE Debt/Equity
NVDA N/A N/A% N/A% 60.22% 0.68
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% 7.62% 1.83
  • ...

    Investors

     0

  • Ticker

     COIN
  • ...

    Sector

     FINANCE SERVICES

  • Current Price

     $175.26

  • S.I.F.T. Score

     49
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