Coinbase Global, Inc. (COIN) Stock Analysis
Financial Services · Financial Data & Stock Exchanges · NasdaqGS
Coinbase Global, Inc. (COIN) posted $7.18B in revenue for fiscal 2025 (up 9.4% year over year), at a 17.6% net margin, and has compounded revenue about 41.2%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Coinbase Global, Inc.
Coinbase Global, Inc. has grown revenue from $533.74M to $7.18B over the last 7 fiscal years, compounding about 41.2% a year. The most recent year was up 9.4%, so growth has cooled from its longer-run pace.
Net margin sits at 17.6%, down 21.7 points year over year. It carries about $7.65B of total debt.
Synthesised from Coinbase Global, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Coinbase Global, Inc. revenue & earnings — last 7 fiscal years
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $533.74M | $1.28B | $7.84B | $3.19B | $3.11B | $6.56B | $7.18B |
| Gross profit | — | — | — | — | — | — | — |
| Net income | $-30.39M | $322.32M | $3.62B | $-2.62B | $94.75M | $2.58B | $1.26B |
| Net margin | -5.7% | 25.2% | 46.2% | -82.2% | 3.0% | 39.3% | 17.6% |
Source: Coinbase Global, Inc. SEC filings (10-K).
Coinbase Global, Inc.: no obvious red flags in the filings
Our deterministic scan of the filed statements — receivables vs sales, earnings vs cash, dilution, leverage and margins — didn't flag anything. Ask about the risks →
Explore 7 years of Coinbase Global, Inc. financials — interactive
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Coinbase Global, Inc. financial history by metric
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About Coinbase Global, Inc.
Coinbase Global, Inc. operates platform for crypto assets in the United States and internationally. It provides the primary financial account in the crypto economy for consumers; a brokerage platform with a pool of liquidity across the crypto marketplace for institutions; and a suite of products granting access to build onchain for developers. The company was founded in 2012 and is based in New York, New York.
Coinbase Global, Inc. — frequently asked questions
What is Coinbase Global, Inc.'s revenue?
Coinbase Global, Inc. (COIN) reported revenue of $7.18B for fiscal year 2025, up 9.4% from the prior year, according to its SEC filings.
Is Coinbase Global, Inc. profitable?
Yes. COIN earned net income of $1.26B in fiscal 2025, a net margin of 17.6%.
What is COIN's P/E ratio?
Coinbase Global, Inc. trades at a price-to-earnings ratio of about 0.0 based on the latest data in our nightly-refreshed cache.
How fast is Coinbase Global, Inc. growing?
COIN's revenue grew at roughly 41.2% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Coinbase Global, Inc. have?
As of fiscal year 2025, COIN carried roughly $7.65B in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Coinbase Global, Inc.'s market cap?
Coinbase Global, Inc. (COIN) has a market capitalization of about $38.59B, based on the latest data in our nightly-refreshed cache.
When does Coinbase Global, Inc.'s fiscal year end?
COIN's fiscal year ends in December. Its most recent annual filing covers the fiscal year ending 2025-12-31.
Where does this data come from?
All figures are computed from Coinbase Global, Inc.'s official SEC filings (10-K and 10-Q), covering 7 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.