Share

Profile & Fundamentals

Coinbase Global Profile & Fundamentals

Name: Coinbase Global financial chart data preview
Creator: iPulse AI
License: https://ipulseai.com/terms

Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.

Interactive annual & quarterly chartsAI financial reviewsReported source tables

Explore this pageJump to a Profile & Fundamentals section

Explore this research

Profile & Fundamentals contents

Jump directly to any section

Company and Market Context

Company Profile & Ownership

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.

Company profile record

Coinbase Global Inc

Common Stock · Financials · Diversified Capital Markets

Official website

Company

Company / asset: Coinbase Global Inc
Security type: Common Stock
Sector: Financials
Industry: Diversified Capital Markets
HQ: 🇺🇸 United States
Head office: One Madison Avenue, New York, NY, United States, 10010

Leadership & scale

Chief executive: Mr. Brian Armstrong
CEO year born: 1983
Full-time employees: 5K
Fiscal year end: December
IPO date: 2021-04-14

Fundamentals snapshot

Updated 2026-09-16

Market Cap: USD 51.2B
P/E: --
Revenue (Q2 26): USD 1.2B
Profit (Q2 26): USD -359.5M
Dividend Yield: --
Revenue (FY 25): USD 7.2B
Shares in public float: 219.7M
Insider ownership: 1.32%

Reporting & identifiers

Symbol: COIN.NASDAQ
Listing: 🇺🇸 United States | Dividend Tax: 30%
Ticker Currency: USD
Income Statement Currency: USD
Balance Sheet Currency: USD
Cash Flow Currency: USD
EPS Currency: USD
Contract Type: SPOT
ISIN: US19260Q1076
Asset ID: equity_3094f431-2130-5c31-bfbe-26404e229a12

Ownership

Shares Outstanding

Shares outstanding

Annual reported shares outstanding. Values in shares.

Top holders

BlackRock Inc16,745,406 shares · 6.35% · Reported 2026-03-31
Vanguard Capital Management, LLC14,130,021 shares · 5.36% · Reported 2026-03-31
Vanguard Portfolio Management, LLC9,488,390 shares · 3.60% · Reported 2026-03-31
State Street Corp9,360,220 shares · 3.55% · Reported 2026-03-31
Vanguard MStar Total Stk Mkt Idx Invest6,729,655 shares · 2.55% · Reported 2026-07-31
Geode Capital Management, LLC6,130,020 shares · 2.32% · Reported 2026-03-31
Vanguard 500 Index Investor5,839,194 shares · 2.21% · Reported 2026-07-31

View more holders (8)

Vanguard MStar Mid Cap Index Instl4,173,107 shares · 1.58% · Reported 2026-07-31
Morgan Stanley - Brokerage Accounts3,798,533 shares · 1.44% · Reported 2026-03-31
Paradigm Operations LP3,185,297 shares · 1.21% · Reported 2026-06-30
iShares Core S&P 500 ETF2,961,775 shares · 1.12% · Reported 2026-08-31
Fidelity 500 Index2,876,212 shares · 1.09% · Reported 2026-07-31
NORGES BANK2,790,018 shares · 1.06% · Reported 2026-06-30
State Street® SPDR® S&P 500® ETF2,729,712 shares · 1.03% · Reported 2026-08-31
Vanguard MStar Growth Index Investor2,582,692 shares · 0.98% · Reported 2026-07-31

Earnings, Profitability & Valuation

Earnings & Revenue

AI Review

The company's recent financial results show a major split between official accounting losses and actual cash generation. All reports agree that the company suffered a large official net loss in early 2026, driven by drop-offs in retail trading and paper write-downs on its digital assets. However, they also agree that underlying cash flow remains incredibly strong, with billions of dollars in free cash flow. The big disagreement is about where earnings go from here. Optimistic views believe that steady income from stablecoin interest and secondary network fees will permanently replace volatile trading fees, creating a highly stable and profitable business. Pessimistic views warn that the high-margin stablecoin income is a temporary loophole that regulators will soon close, which would cause future earnings to shrink dramatically. Ultimately, the future depends on whether new technology revenues can grow fast enough to offset the decline of traditional retail trading fees.

Revenue, Net Income, and Free Cash Flow

Revenue
Free cash flow
Net income

Annual reported financial results, converted using the statement's recorded USD conversion. Missing values are omitted. Values in USD.

Valuation

Historical P/E Ratio

Published P/E

Published valuation snapshots. Trailing four-quarter earnings where available; annual earnings otherwise. Non-positive earnings are omitted. Values in times earnings.

Profitability & Margins

AI Review

The company's profit margins are in the middle of a major tug-of-war. Everyone agrees that traditional retail trading margins are shrinking because cheaper competitors and new exchange-traded funds are forcing fees down. However, opinions clash violently on whether new business lines can save overall profitability. Optimists believe that high-margin stablecoin interest and secondary network fees will create a highly profitable, steady business model that behaves like a software company. Pessimists argue that these new revenues are highly vulnerable to regulatory crackdowns and fee cuts from Wall Street giants, which will drag down to those of a low-margin traditional financial utility. While the company's gross margins look incredibly high on paper, its operating margins have recently swung into negative territory. Investors must watch whether the company can successfully monetize its institutional services to prove that its highly profitable days are not a thing of the past.

Profitability Margins

Gross margin
Operating margin
Net margin
Free cash flow margin

Annual gross, operating, net income and free cash flow divided by revenue for matching reporting dates. Values in percent.

Complete Research Workspace

Unlock the complete Profile & Fundamentals

Sign in to verify your access, or upgrade to the Base plan to open the complete profile & fundamentals and available source data.

Sign in to check access View Base plan

Paywalled preview begins: Reported Data Tables — chart preview

From this section to the end-of-preview notice below, research is provided as simplified HTML text and tables. Full access provides the complete interactive interface, charts and additional datasets.

Reported Data Tables — chart preview

The following tables contain the same values as the financial charts above. Monetary values are USD; margins are percentages. Missing inputs are not estimated. Use is subject to the iPulse AI Terms of Service and applicable source rights.

Source: eodhd. Statement snapshots with chart transformations and ratios calculated by iPulse AI. Snapshot retrieved 2026-09-17.

Annual earnings and profitability
Period end	Revenue	Free cash flow	Net income	Gross margin	Operating margin	Net margin	Free cash flow margin
2019-12-31	533,735,000	-121,065,000	-30,387,000	84.63	-6.68	-5.69	-22.68
2020-12-31	1,277,481,000	2,985,268,000	322,317,000	89.39	32.01	25.23	233.68
2021-12-31	7,839,444,000	3,955,299,000	3,624,120,000	83.83	39.24	46.23	50.45
2022-12-31	3,194,208,000	-1,585,419,000	-2,624,949,000	80.28	-83.57	-82.18	-49.63
2023-12-31	3,108,383,000	922,951,000	94,871,000	86.47	-3.64	3.05	29.69
2024-12-31	6,564,028,000	2,556,844,000	2,579,066,000	74.75	35.15	39.29	38.95
2025-12-31	7,181,325,000	2,426,383,000	1,260,327,000	74.64	19.99	17.55	33.79

Published valuation snapshots
Period end	P/E (times earnings)	Earnings basis
2025-12-31	48.14	Trailing four quarters
2024-12-31	26.64	Trailing four quarters
2023-12-31	478.78	Trailing four quarters
2021-12-31	16.38	Annual net income

Shares outstanding — chart values
Reporting date	Shares outstanding
2019-01-01	66,994,000
2020-01-01	192,593,100
2021-01-01	235,250,500
2022-01-01	223,127,000
2023-01-01	261,168,000
2024-01-01	276,752,000
2025-01-01	268,267,000
2026-01-01	263,412,000

End of the paywalled preview

The excerpt from Reported Data Tables — chart preview to this notice is the simplified paywalled content included on this page. A signed-in, verified account with the required subscription provides the full interactive interface and the additional research, datasets and tools listed below.

Those additional materials are not included in this preview and cannot be revealed by removing its visual restrictions.

Additional with full access

Earnings, Profitability & Valuation
- Complete profitability ratios
- EPS history and estimate comparisons
- Execution vs expectations
- Annual and quarterly financial views
Capital Expenditure & R&D
- Capital allocation AI review
- Annual capital expenditure
- Investment intensity trends
- Capex and R&D intensity indicators
Balance Sheet
- Balance sheet AI review
- Assets, debt and equity
- Capital structure
- Liquidity and leverage
- Retained earnings
Dividends & Actions
- Cash dividends paid
- Dividend indicators
- Buybacks and issuance
- Combined shareholder returns
- Available corporate actions
Company Events
- Dated insider transactions
- Material company activity

Explore complete public research examples

These public assets show the complete asset profiles, fundamental datasets and analysis. Their findings concern those assets, not this report.