What is the 13F Pro Quality Score for COIN?

13F Pro ranks Coinbase Global, Inc. (COIN) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View COIN's current score at https://13fpro.ai/company/COIN (free sign-up required for the full ranking).

Where does 13F Pro source COIN data?

All Coinbase Global, Inc. fundamentals and ownership data come directly from SEC EDGAR. Coinbase Global, Inc. files with the SEC under CIK 1679788. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is COIN in?

Coinbase Global, Inc. (COIN) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

What drives COIN's revenue?

Per Coinbase Global, Inc.'s latest 10-Q filed with the SEC on 2026-05-07, the biggest revenue drivers are: Transaction revenue ($755.8M, -40% YoY); Subscription and services revenue ($583.5M, -14% YoY); Other revenue ($73.6M, -24% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/COIN.

What are COIN's largest expenses?

Coinbase Global, Inc.'s latest 10-Q reports these as the largest expense items: Technology and development ($525.6M, +48% YoY); General and administrative ($376.1M, -5% YoY); Sales and marketing ($266.7M, +8% YoY). Sourced directly from SEC EDGAR filing text for Q1 2026 (quarter ended March 31, 2026).

How often is COIN research updated on 13F Pro?

COIN's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Coinbase Global, Inc.(COIN)Stock Analysis

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SEC EDGAR: CIK 1679788 COIN stock profile & AI dashboard →

13F Pro Quality Score

44.8/100

Rank #1,897 of 2,961 stocks

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

78.0/100

Profitability

15.7/100

Balance Sheet

24.4/100

Earnings Quality

73.8/100

Free Cash Flow

81.0/100

Institutional Flow

2.8/100

Revenue Scale

81.0/100

Dilution Risk

14.7/100

Email me the moment this company reports earnings

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Why COIN Scores 45/100

exact factor attribution · 2026-09-11

COIN's composite is driven by revenue growth and scale, held back by profitability and capital efficiency. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Revenue growth

+7.5 pts

78th pct

Scale

+6.2 pts

81th pct

Free cash flow

+4.7 pts

81th pct

Earnings quality

+2.4 pts

74th pct

Shareholder dilution

-2.4 pts

15th pct

Earnings growth

-3.1 pts

4th pct

Institutional flow

-3.1 pts

3th pct

Capital efficiency

-3.4 pts

24th pct

Profitability

-6.9 pts

16th pct

Latest change (2026-07-31): 68 → 49 · ↓ Profit margin 82→17; ↓ Capital efficiency 71→27; despite ↑ Free cash flow 22→82

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

Unusual Activity in COIN

Events flagged as statistical outliers against COIN's own multi-year baseline — not fixed dollar thresholds.

Score shock2026-07-31
COIN quality score dropped 19 points (68→49) on a new filing
View source filing →

COIN Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Coinbase Global, Inc. (COIN), 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. Coinbase Global, Inc.'s 13F Pro composite quality score has ranged between 27 and 91 since 2022, currently 44.8 — a declining long-term trajectory across 64 quarterly and live scoring snapshots.

✦

Fun facts about Coinbase Global, Inc.

Quirks, history, and lore behind COIN — the kind of stuff that makes a stock memorable.

1
The Basics
U.S. financial services company · large-cap · listed on Nasdaq · headquartered in San Francisco.
2
The Numbers
Revenue swings wildly year to year — it can swing from a $3 billion profit to a billion-dollar loss depending on one very volatile market.
3
The History
Founded in 2012 by a former Airbnb engineer, it went public in April 2021 via a direct listing that briefly valued it at over $85 billion.
4
The Secret
It doesn't make loans or hold your savings — it makes most of its money from transaction fees every time someone buys or sells a digital asset.
5
The Lore
It ran a Super Bowl ad that was literally just a bouncing QR code for 60 seconds — it crashed their app and became one of the most talked-about commercials of 2022.
6
The Giveaway
The largest U.S. cryptocurrency exchange, it's the place millions of Americans went to buy their first Bitcoin or Ethereum — and the company whose fortunes rise and fall with every crypto boom and bust.

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What's Driving COIN's Business? Latest 10-Q Breakdown

✓ 40/40 datapoints verified

AI-extracted from Coinbase Global, Inc.'s 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.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$1.2B

Net Income

Q2 2026

$-359.5M

ROIC

Q2 2026

-2.3%

D/E Ratio

Q2 2026

0.50

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+9.4% YoY

$7.18BFY 2025

FY22 $3.19BFY23 $3.11BFY24 $6.56BFY25 $7.18B

Net Income

-51.1% YoY

$1.26BFY 2025

FY22 $-2.62BFY23 $94.9MFY24 $2.58BFY25 $1.26B

Operating Income

-37.8% YoY

$1.44BFY 2025

FY22 $-2.71BFY23 $-161.7MFY24 $2.31BFY25 $1.44B

EPS (Diluted)

-53.1% YoY

$4.45FY 2025

FY22 $-11.83FY23 $0.37FY24 $9.48FY25 $4.45

Total Assets

+31.6% YoY

$29.67BFY 2025

FY22 $89.72BFY23 $206.98BFY24 $22.54BFY25 $29.67B

Total Debt

+93.6% YoY

$8.92BFY 2025

FY22 $3.41BFY23 $2.98BFY24 $4.61BFY25 $8.92B

Op. Cash Flow

-21.8% YoY

$2.43BFY 2025

FY22 $-1.59BFY23 $673.4MFY24 $3.10BFY25 $2.43B

Free Cash Flow

—FY 2025

FY22 $-1.59BFY23 —FY24 —FY25 —

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$7.18B +9.4%	$6.56B +111.2%	$3.11B -2.7%	$3.19B -59.3%	$7.84B +513.7%	$1.28B
Net Income	$1.26B -51.1%	$2.58B +2618.5%	$94.9M +103.6%	$-2.62B -172.4%	$3.62B +1024.4%	$322.3M
Operating Income	$1.44B -37.8%	$2.31B +1527.2%	$-161.7M +94.0%	$-2.71B -188.1%	$3.08B +652.3%	$409.0M
EPS (Diluted)	$4.45 -53.1%	$9.48 +2462.2%	$0.37 +103.1%	$-11.83 -181.6%	$14.50 +935.7%	$1.40
Total Assets	$29.67B +31.6%	$22.54B -89.1%	$206.98B +130.7%	$89.72B +321.7%	$21.27B +263.3%	$5.86B
Total Debt	$8.92B +93.6%	$4.61B +54.6%	$2.98B -12.7%	$3.41B +0.3%	$3.40B	$0.00
Operating Cash Flow	$2.43B -21.8%	$3.10B +361.0%	$673.4M +142.5%	$-1.59B -139.3%	$4.04B +1275.6%	$293.5M
Free Cash Flow	—	—	—	$-1.59B -139.4%	$4.04B +1322.7%	$283.6M

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Available Research

13F Pro tracks comprehensive data for Coinbase Global, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of COIN

BlackRock, Inc.
$2.4B16,710,783 sh
VANGUARD CAPITAL MANAGEMENT LLC
$2.1B14,165,975 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$1.5B10,125,600 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$1.4B9,571,891 sh
STATE STREET CORP
$1.4B9,562,203 sh
SUSQUEHANNA INTERNATIONAL GROUP, LLP
$1.3B8,737,400 sh
JANE STREET GROUP, LLC
$1.0B7,124,400 sh
GEODE CAPITAL MANAGEMENT, LLC
$946.4M6,154,642 sh
JANE STREET GROUP, LLC
$878.7M6,010,400 sh
CITADEL ADVISORS LLC
$864.6M5,914,500 sh

Fund	Value	Shares
BlackRock, Inc.	$2.4B	16,710,783
VANGUARD CAPITAL MANAGEMENT LLC	$2.1B	14,165,975
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1.5B	10,125,600
VANGUARD PORTFOLIO MANAGEMENT LLC	$1.4B	9,571,891
STATE STREET CORP	$1.4B	9,562,203
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1.3B	8,737,400
JANE STREET GROUP, LLC	$1.0B	7,124,400
GEODE CAPITAL MANAGEMENT, LLC	$946.4M	6,154,642
JANE STREET GROUP, LLC	$878.7M	6,010,400
CITADEL ADVISORS LLC	$864.6M	5,914,500

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Is COIN a good stock to buy?

13F Pro's AI-powered analysis of Coinbase Global, Inc. (COIN) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for COIN are available on the COIN stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. COIN is classified as a large company.

Which hedge funds own COIN?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling COIN. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Coinbase Global, Inc.'s investment landscape.