Coinbase Global, Inc. (COIN) AI Stock Analysis
COIN AI stock analysis summary
AI ResearchCoinbase Global, Inc. (COIN) provides financial infrastructure and technology solutions for the cryptoeconomy. Trailing twelve month revenue reached $6.04B, though net income posted a profit margin of -16.3%. With $9.06B in cash and short-term investments, the company trades at a forward P/E of 54.3x.
- Market cap
- $45.69B
- Revenue (TTM)
- $6.04B
- P/E
- — fwd 54.3x
- 1Y return
- -47.6% S&P 500 16.8%
- Avg. target
- $212.15 22.5% vs last close
Bull case
- Analysts forecast revenue will rebound by 30.1% to $6.98B in the next fiscal year alongside an estimated EPS of $2.99.
- Coinbase maintains a strong liquidity cushion with $9.06B in cash and short-term investments and net cash of $2.40B as of June 30, 2026.
- The company demonstrated free cash flow generation of $2.43B in FY2025 while repurchasing $790.2M of its shares.
Bear case
- Over the trailing twelve months, the company generated net losses with an EPS of -$3.84 and a profit margin of -16.3%.
- Coinbase trades at a forward P/E of 54.3x, significantly above the median of its S&P 500 Financial Services peers at 12.2x.
- The stock experienced a 1-year return of -47.6%, trailing the S&P 500 return of 16.8%.
What Coinbase does
Coinbase Global, Inc. specializes in providing financial infrastructure and technology solutions for the cryptoeconomy, serving a global clientele. For retail customers, the company provides a primary financial account that simplifies buying, selling, and managing cryptocurrencies with a secure wallet. For institutions, Coinbase operates a liquid marketplace that facilitates large-scale transactions for professional investors, hedge funds, and other financial entities. Additionally, Coinbase provides developer tools, APIs, and secure payment solutions that enable ecosystem partners to build crypto-based applications and accept cryptocurrencies.
Growth and profitability
Revenue grew from $3.11B in FY2023 to $6.56B in FY2024 and reached $7.18B in FY2025, reflecting a 5-year revenue CAGR of 41.2% from FY2020 to FY2025. Net income was $1.26B in FY2025, down from $2.58B in FY2024, with operating margin compressing from 35.1% to 20.3%. In the trailing twelve months ending June 30, 2026, revenue stood at $6.04B, with an operating margin of -13.9% and diluted EPS of -$3.84. In the latest quarter ending June 30, 2026, quarterly revenue fell 17.3% year-over-year, while quarterly earnings grew 430.6%.
Balance sheet and cash flow
As of June 30, 2026, Coinbase held $9.06B in cash and short-term investments against total debt of $6.67B, yielding net cash of $2.40B. The company maintained total assets of $26.46B and shareholders' equity of $13.08B, with a current ratio of 1.54 and debt-to-equity of 0.51. In FY2025, operating cash flow and free cash flow were both $2.43B. Capital allocation in FY2025 included $790.2M directed to share buybacks, while the share count increased 12.0% over 5 years.
Valuation and performance
With a market cap of $45.69B and enterprise value of $49.92B, Coinbase trades at a forward P/E of 54.3x and price-to-sales of 7.6x. These metrics exceed the median of its S&P 500 Financial Services peers, which trade at a forward P/E of 12.2x and price-to-sales of 3.1x. Its EV-to-EBITDA stands at 30.7x compared to the peer median of 15.1x. Over the past year, the stock fell 47.6%, lagging the S&P 500 return of 16.8%. Over 5 years, the stock dropped 38.3% while the index gained 83.0%.
What analysts expect
Wall Street analysts maintain 19 Strong Buy, 4 Buy, 13 Hold, 1 Sell, and 1 Strong Sell ratings. The mean price target of $212.15 implies a 22.5% premium to the last close of $173.16 on October 16, 2026. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $5.37B and EPS of -$1.78. Across the last 4 quarters, the company delivered 1 EPS beat. The next earnings date is October 29, 2026.
Key risks and what to watch
- The company exhibits elevated volatility with a beta of 3.41 and a short interest of 11.1% of float.
- Revenue in the latest quarter ending June 30, 2026 fell 17.3% year-over-year, illustrating revenue instability.
- Coinbase beat EPS expectations in only 1 of the last 4 quarters, highlighting recent earnings unpredictability.
- For the current fiscal year ending December 31, 2026, analysts project an EPS of -$1.78, representing an earnings decline of 140.0%.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this COIN AI stock analysis
This page is an AI-written research summary of Coinbase Global, Inc. (COIN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: COIN income statement, COIN balance sheet, COIN key metrics, COIN analyst forecast, COIN chart. See the COIN stock overview for the latest quote and news.
COIN AI stock analysis FAQ
When does Coinbase report its next quarterly earnings?
Coinbase is scheduled to report its next earnings on October 29, 2026.
Does Coinbase pay a dividend?
Coinbase does not pay a dividend, allocating capital instead toward activities such as $790.2M in share buybacks in FY2025.
What is the consensus price target for COIN stock?
The analyst mean price target is $212.15, which stands 22.5% above the last closing price of $173.16 on October 16, 2026.
How does Coinbase's valuation compare to its sector peers?
Coinbase trades at a forward P/E of 54.3x and EV-to-EBITDA of 30.7x, both higher than the median of its S&P 500 Financial Services peers of 12.2x and 15.1x, respectively.