Cryptocurrency exchange platform enabling retail and institutional investors to trade Bitcoin, Ethereum, and other digital assets.
Profile & Fundamentals
Coinbase Global: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Coinbase Global Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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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
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
- Market Cap
- USD 48.9B
- 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
- 219.8M
- 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
Latest: 263.4M | Max: 276.8M | Min: 67.0M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
83.44%
219.8M latest reported shares
Insider Ownership
1.32%
Latest reported insider stake
Short Float
0.11%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| 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 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 16,745,406 | 6.35% | 2026-03-31 |
| Vanguard Capital Management, LLC | 14,130,021 | 5.36% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 9,488,390 | 3.6% | 2026-03-31 |
| State Street Corp | 9,360,220 | 3.55% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 6,716,079 | 2.55% | 2026-08-31 |
| Geode Capital Management, LLC | 6,130,020 | 2.32% | 2026-03-31 |
| Vanguard 500 Index Investor | 5,908,991 | 2.24% | 2026-08-31 |
| Vanguard MStar Mid Cap Index Instl | 4,170,658 | 1.58% | 2026-08-31 |
| Morgan Stanley - Brokerage Accounts | 3,798,533 | 1.44% | 2026-03-31 |
| Paradigm Operations LP | 3,185,297 | 1.21% | 2026-06-30 |
| iShares Core S&P 500 ETF | 2,961,775 | 1.12% | 2026-08-31 |
| Fidelity 500 Index | 2,876,212 | 1.09% | 2026-07-31 |
| NORGES BANK | 2,790,018 | 1.06% | 2026-06-30 |
| State Street® SPDR® S&P 500® ETF | 2,729,712 | 1.03% | 2026-08-31 |
| Vanguard MStar Growth Index Investor | 2,578,433 | 0.98% | 2026-08-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Recent financial headlines show three consecutive quarters of net accounting losses, ending with a twelve-month deficit of $988 million on revenue of roughly $5.53 billion to $6.28 billion. However, this headline loss is largely caused by paper write-downs on corporate digital assets under new accounting rules rather than actual operational cash burn. Beneath the surface, cash generation remains positive, with trailing free cash flow reaching $2.66 billion. High benchmark interest rates earned on stablecoin reserves provided a reliable financial cushion that offset declining retail trading volumes, keeping overall platform operations well funded.
Recent financial headlines show three consecutive quarters of net accounting losses, ending with a twelve-month deficit of $988 million on revenue of roughly $5.53 billion to $6.28 billion. However, this headline loss is largely caused by paper write-downs on corporate digital assets under new accounting rules rather than actual operational cash burn. Beneath the surface, cash generation remains positive, with trailing free cash flow reaching $2.66 billion. High benchmark interest rates earned on stablecoin reserves provided a reliable financial cushion that offset declining retail trading volumes, keeping overall platform operations well funded.
Revenue, Net Income, and Free Cash Flow
Latest: USD 7.2B | Max: USD 7.8B | Min: USD -2.6B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 48x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Operating profit margins have experienced sharp cyclical swings, tumbling from 35.1% in 2024 into slightly negative territory over recent quarters as retail trading volumes contracted against sticky engineering salaries. Nonetheless, underlying gross margins remained robust near 74.6%, showing that direct payment processing costs remain controlled. This margin compression reflects cyclical operating deleverage rather than a broken business model. As recurring subscription revenues expand and trading turnover stabilizes, incremental revenue will flow through at high profit margins, positioning the company to restore sustainable through-cycle profitability.
Operating profit margins have experienced sharp cyclical swings, tumbling from 35.1% in 2024 into slightly negative territory over recent quarters as retail trading volumes contracted against sticky engineering salaries. Nonetheless, underlying gross margins remained robust near 74.6%, showing that direct payment processing costs remain controlled. This margin compression reflects cyclical operating deleverage rather than a broken business model. As recurring subscription revenues expand and trading turnover stabilizes, incremental revenue will flow through at high profit margins, positioning the company to restore sustainable through-cycle profitability.
Profitability Margins
Latest: 74.6% | Max: 89.4% | Min: -83.6%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
74.6%
Gross profit / revenue
Operating Margin
20.3%
Operating income / revenue
Net Margin
17.6%
Net income / revenue
FCF Margin
33.8%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
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| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2019-12-31 | 533,735,000 | -30,387,000 | -121,065,000 |
| 2020-12-31 | 1,277,481,000 | 322,317,000 | 2,985,268,000 |
| 2021-12-31 | 7,839,444,000 | 3,624,120,000 | 3,955,299,000 |
| 2022-12-31 | 3,194,208,000 | -2,624,949,000 | -1,585,419,000 |
| 2023-12-31 | 3,108,383,000 | 94,871,000 | 922,951,000 |
| 2024-12-31 | 6,564,028,000 | 2,579,066,000 | 2,556,844,000 |
| 2025-12-31 | 7,181,325,000 | 1,260,327,000 | 2,426,383,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| 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 |
Profitability Margins
Matching annual reporting dates. Values are percentages.
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| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2019-12-31 | 84.63 | -6.68 | -5.69 | -22.68 |
| 2020-12-31 | 89.39 | 32.01 | 25.23 | 233.68 |
| 2021-12-31 | 83.83 | 39.24 | 46.23 | 50.45 |
| 2022-12-31 | 80.28 | -83.57 | -82.18 | -49.63 |
| 2023-12-31 | 86.47 | -3.64 | 3.05 | 29.69 |
| 2024-12-31 | 74.75 | 35.15 | 39.29 | 38.95 |
| 2025-12-31 | 74.64 | 20.28 | 17.55 | 33.79 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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