Coinbase Global, Inc.(COIN)— Stock Profile, AI Score & Financials
Financials · Nasdaq · AI-powered stock analysis, 32-signal quality score, SEC EDGAR financials, and institutional holdings. Updated .
Coinbase Global, Inc. (COIN) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores COIN at 44.8/100 on a 32-signal composite quality model, placing it at rank #1,897 of 2,961 stocks — the bottom half of the AI-ranked universe. COIN scores in the top quartile across free cash flow (81.0), revenue scale (81.0), revenue growth (78.0). Areas of concern include institutional flow (2.8) and profitability (15.7), which score below median versus the broader universe. Shareholder dilution risk is elevated at 14.7/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q2 2026), Coinbase Global, Inc. reports quarterly revenue of $1.2B, net income of $-359.5M. Top institutional holders of COIN by reported 13-F value include BlackRock, VANGUARD CAPITAL MANAGEMENT, SUSQUEHANNA INTERNATIONAL GROUP, LLP, based on the most recent SEC filings. COIN trades on the Nasdaq exchange and files with the SEC under CIK 1679788. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate COIN daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Coinbase Global, Inc. directly from SEC EDGAR.
AI Quality Score
44.8/100
AI Rank
#1,897
Revenue
$1.2B
Net Income
$-359.5M
COIN key financials by period
Coinbase Global, Inc. reported revenue, net income and margins by fiscal period, from SEC filings.
Period
Form
Revenue
Net income
Operating margin
FY 2025
10-K
$7.2B
$1.3B
20.0%
FY 2024
10-K
$6.6B
$2.6B
35.1%
FY 2023
10-K
$3.1B
$94.9M
-5.2%
FY 2022
10-K
$3.2B
$-2.6B
-84.9%
FY 2021
10-K
$7.8B
$3.6B
39.2%
FY 2020
10-K
$1.3B
$322.3M
32.0%
Institutions holding COIN
Institutional investors reporting a position in Coinbase Global, Inc. on SEC Form 13F.
AI-extracted from the 10-Q filed 2026-05-07 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Coinbase's net revenue fell 31% YoY to $1.34B amid softer crypto markets, though derivatives and stablecoin revenue grew; net loss of $394M driven by $482M crypto investment losses.
Biggest Revenue Drivers
Transaction revenue$755.8M-40% YoY
Consumer transaction revenue down 48% from lower trading volume; institutional revenue up 37% from derivatives trading following Deribit acquisition.
Subscription and services revenue$583.5M-14% YoY
Stablecoin revenue grew 11% from higher USDC balances; blockchain rewards fell 49% from lower crypto asset prices; interest income up 7%.
Biggest Revenue Drivers
Total revenue: $1.41B-31% YoY
Transaction revenue$755.8M-40% YoY
Consumer transaction revenue down 48% from lower trading volume; institutional revenue up 37% from derivatives trading following Deribit acquisition.
Subscription and services revenue$583.5M-14% YoY
Stablecoin revenue grew 11% from higher USDC balances; blockchain rewards fell 49% from lower crypto asset prices; interest income up 7%.
Other revenue$73.6M-24% YoY
Corporate interest and other income declined from 81 basis point drop in average interest rates earned.
Largest Expense Items
Technology and development$525.6M+48% YoY
Employee-related expenses up 50% from 23% higher average headcount and acquisition-related compensation.
General and administrative$376.1M-5% YoY
Customer support costs down 53% from lower trading volume and completion of regulatory projects, offset by higher employee-related expenses.
Sales and marketing$266.7M+8% YoY
USDC rewards increased $58.9M from higher customer balances; digital advertising spend down $43.9M; offline advertising up for Super Bowl commercial.
Transaction expense$195.9M-35% YoY
Blockchain rewards fees declined 47%; transaction rebates and commissions down 51% from reduced incentive offerings.
Margins: Operating margin deteriorated significantly with a $21M operating loss versus $706M income in prior year, driven by 31% revenue decline and 48% increase in technology spending. Adjusted EBITDA fell 67% to $303M, reflecting challenging market conditions offsetting cost discipline.
Watch Items from the Filing
Single counterparty represented 23% of total Q1 2026 revenue (versus 15% in Q1 2025), indicating material customer concentration risk.
Monthly Transacting Users (MTUs) declined 15% YoY to 8.2M, driven by lower trading activity and softer market conditions.
Assets on Platform decreased 10% YoY to $294B despite USDC reaching all-time highs; Bitcoin and XRP holdings declined due to price weakness.
Company announced May 5, 2026 restructuring plan to reduce workforce by ~700 employees with $50–60M in severance costs, expecting completion in Q2 2026.
Pending state securities litigation over staking services in multiple states remains uncertain; adverse outcome could materially impact business.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
