Coinbase Global, Inc. (COIN) Stock Price & Analysis

Coinbase Global, Inc. (COIN) closed at USD 169.09 on Thursday, October 22, 2026, down 4.51% on the day. The US market is currently closed (pre-market); this is not a live price.

The prior close was USD 177.08; the Oct 22, 2026 session ranged USD 166.74–173.64 on volume of 6,566,265 shares. Market capitalization is $44.61B, with a 52-week range of USD 139.11–373.25 (NMS). Source: Nexqual, retrieved October 23, 2026 at 10:34 UTC.

Also available as compact Markdown for AI agents: nexqual.com/COIN.md

Key facts (COIN)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (COIN)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$7.84B$3.19B$3.11B$6.56B$7.18B$6.28B
Operating income$3.08B-$2.71B-$162M$2.31B$1.44B$619M
Net income$3.62B-$2.62B$94.9M$2.58B$1.26B-$988M
EPS (diluted)$14.50-$11.83$0.37$9.48$4.45—
Free cash flow$4.04B-$1.59B————
Operating margin39.2%-84.8%-5.2%35.1%20.0%9.9%
Net margin46.2%-82.2%3.1%39.3%17.6%-15.7%
Revenue growth+513.7%-59.3%-2.7%+111.2%+9.4%—
Cash + short-term investments$7.12B$4.43B$5.49B$9.31B$11.6B—
Total debt$3.40B$3.41B$2.98B$4.23B$7.21B—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (COIN)

P/S 7.1x · P/B 3.4x · Earnings yield -2.21%

P/E at fiscal year-ends: Dec 2025 51.5x, Dec 2024 26.3x, Dec 2023 466.4x.

Superinvestors (SEC 13F-HR, Q2 2026) (COIN)

1 of 80 tracked investors hold COIN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.

InvestorFirm% of portfolioValueChange
Samantha McLemorePatient Capital Management2.24%$67.5MAdded +7.3%

Insider sales (SEC Form 4, open-market, last ~7 months) (COIN)

14 of 14 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-10-01…2026-10-02Andreessen Marc LDirector20,514$3.9M1.8%Yes (adopted June 5, 2026)Too little history (no open-market trades in 2023 or 2025)
2026-09-21Haas Alesia JChief Financial Officer39,030$8.0M10.2%Yes (adopted September 3, 2025)Opportunistic (traded every year 2023–2025, no repeating month)
2026-09-21Andreessen Marc LDirector6,838$1.4M0.6%Yes (adopted June 5, 2026)Too little history (no open-market trades in 2023 or 2025)
2026-09-08Andreessen Marc LDirector13,676$2.5M1.2%Yes (adopted June 5, 2026)Too little history (no open-market trades in 2023 or 2025)
2026-09-01Wilson Frederick RDirector10,000$1.8M5.1%Yes (adopted February 18, 2026)Too little history (no open-market trades in 2023)
2026-08-24Jones Jennifer N.Chief Accounting Officer2,062$389K100%Yes (adopted March 6, 2026)Routine (sold in Feb & Aug & Nov each year 2023–2025)
2026-08-03Wilson Frederick RDirector35,068$5.1M15.1%Yes (adopted February 18, 2026)Too little history (no open-market trades in 2023)
2026-07-01Wilson Frederick RDirector10,000$1.6M4.1%Yes (adopted February 18, 2026)Too little history (no open-market trades in 2023)
2026-06-05Jones Jennifer N.Chief Accounting Officer2,051$324K100%Yes (adopted March 6, 2026)Routine (sold in Feb & Aug & Nov each year 2023–2025; this trade is outside those months)
2026-06-01Wilson Frederick RDirector10,000$1.8M4%Yes (adopted February 18, 2026)Too little history (no open-market trades in 2023)
2026-05-27Grewal PaulChief Legal Officer1,960$347K2.3%Yes (adopted August 29, 2025)Routine (sold in Feb & Mar & May & Jul & Aug & Nov each year 2023–2025)
2026-05-22Brock Lawrence JChief People Officer6,616$1.3M23.7%Yes (adopted December 3, 2025)Routine (sold in May & Nov each year 2023–2025)
2026-05-15Haas Alesia JChief Financial Officer9,750$2.0M2.6%Yes (adopted September 3, 2025)Opportunistic (traded every year 2023–2025, no repeating month)
2026-04-16Haas Alesia JChief Financial Officer10,020$2.0M2.6%Yes (adopted September 3, 2025)Opportunistic (traded every year 2023–2025, no repeating month)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (COIN)

Consensus Buy (mean 2.37 on a 1–5 scale), 38 analysts; mean target USD 212.31 (low 110, high 330).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-21NeedhamTarget raisedBuy$200 → $205
2026-10-13CitigroupTarget raisedBuy$210 → $230
2026-10-09CitizensTarget loweredMarket Outperform$325 → $280
2026-10-09Morgan StanleyTarget raisedEqual-Weight$250 → $258
2026-10-07BarclaysTarget raisedUnderweight$95 → $149
2026-10-07BTIGReiteratedBuy$240
2026-10-02Piper SandlerTarget raisedNeutral$146 → $170
2026-10-02Wells FargoInitiatedEqual-Weight$200
2026-09-28BairdTarget raisedNeutral$130 → $205
2026-09-16BTIGReiteratedBuy$240
2026-09-14Compass PointUpgradeSell → Neutral$130 → $177
2026-09-10Morgan StanleyInitiatedEqual-Weight$250

Total return (dividends reinvested) (COIN)

1Y (from 2025-10-23)5Y (from 2021-10-18)
Total return-47.6%-43.8%
S&P 500 (SPY)+14.9%+80.3%
Per year-47.7%-10.9%
Volatility (annualized)72.1%86.0%
Max drawdown-61.0% (Oct 2025→Feb 2026)-90.3% (Nov 2021→Jan 2023)

COIN revenue by product line (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Net revenue$1.15B94.6%-17.3%
— Bank Servicing (part of Net revenue)$599.2M49.1%-21.6%
— Subscription & Circulation Stablecoin (part of Net revenue)$292.1M23.9%-5.4%
— Subscription & Circulation Other (part of Net revenue)$113.5M9.3%-5.0%
— Bank Servicing Institutional (part of Net revenue)$100.1M8.2%+64.5%
— Bank Servicing Other (part of Net revenue)$47.4M3.9%-11.4%
Subscription & Circulation$555.1M45.5%-12.2%
Bank Servicing Consumer Net$451.7M37.0%-30.5%
Subscription & Circulation Blockchain Infrastructure Service$83.3M6.8%-42.3%
Other revenue$65.8M5.4%-34.7%
Total revenue$1.22B100%—

COIN revenue by region (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
U.S.$1.04B85.0%-19.7%
International$182.9M15.0%-11.0%
Total revenue$1.22B100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

COIN suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
CustomerCircle Internet Financial“For example, Circle provides us with creation and redemption services for USDC, including the operational capabilities required for our USDC customer-facing services.”
CustomerSilvergate Capital“For example, while our business and operations have not been materially affected by the closures of Silvergate Capital Corp. and Signature Bank and the cessation of their real-time fiat currency payment networks in March 2023, large industry participants, including us and our institutional customers, experienced a temporary inability to transfer fiat currencies outside of standard business hours.”
CustomerSentillia“If we are unable to successfully integrate Deribit or comply with evolving U.S. and international crypto and derivatives regulations applicable to our expanded operations and products, we could be required to modify or discontinue certain offerings, face limitations on our ability to onboard or serve customers in key markets, incur substantial compliance and remediation costs, or be subject to penalties and other …”
CustomerAlphabet (Google) (GOOGL)“If Google Play, the Apple App Store, or other platforms prevent customers from downloading our apps, our ability to grow may be hindered and our business, operating results, and financial condition could be adversely affected.”
CustomerApple (AAPL)“If Google Play, the Apple App Store, or other platforms prevent customers from downloading our apps, our ability to grow may be hindered and our business, operating results, and financial condition could be adversely affected.”

Quoted from the company's 10-K filed Feb 12, 2026.

Companies that name COIN in their SEC reports

Relationship to COINCompanyFilingSentence
supplierFranklin Templeton Digital Holdings Trust (EZBC)10-K Jun 29, 2026“The insurance maintained by Coinbase Global is shared among all of the Coinbase Insureds' customers, is not specific to the Fund or to customers holding bitcoin with the Bitcoin Custodian or Prime Broker and may not be available or sufficient to protect the Fund from all possible losses or sources of losses.”
supplierFranklin Ethereum Trust (EZET)10-K Jun 29, 2026“The insurance maintained by Coinbase Global is shared among all of the Coinbase Insured's customers, is not specific to the Fund or to customers holding ether with the Ether Custodian or Prime Broker and may not be available or sufficient to protect the Fund from all possible losses or sources of losses.”
supplierFranklin XRP Trust (XRPZ)10-K Jun 29, 2026“The insurance maintained by Coinbase Global is shared among all of the Coinbase Insured's customers, is not specific to the Fund or to customers holding XRP with the XRP Custodian or Prime Broker, and may not be available or sufficient to protect the Fund from all possible losses or sources of losses.”
supplierFranklin Solana Trust (SOEZ)10-K Jun 29, 2026“The insurance maintained by Coinbase Global is shared among all of the Coinbase Insured's customers, is not specific to the Fund or to customers holding Solana with the Solana Custodian or Prime Broker, and may not be available or sufficient to protect the Fund from all possible losses or sources of losses.”
supplierCanary Marinade Solana ETF (SOLC)10-K Mar 31, 2026“The insurance maintained by the Coinbase Insureds is shared among all of Coinbase Global's customers, is not specific”
supplierCanary XRP ETF (XRPC)10-K Mar 31, 2026“The insurance maintained by the Coinbase Insureds is shared among all of Coinbase Global's customers, is not specific”
supplierCanary Litecoin ETF (LTCC)10-K Mar 31, 2026“by the Coinbase Insureds is shared among all of Coinbase Global's customers, is not specific to the Trust or to customers holding”
supplierFranklin Crypto Trust (EZPZ)10-K Mar 30, 2026“The insurance maintained by Coinbase Global is shared among all of the Coinbase Insured's customers, is not specific to the Fund or to customers holding Digital Assets with the Digital Asset Custodian or Prime Broker, and may not be available or sufficient to protect the Fund from all possible losses or sources of losses.”
supplierBitwise XRP ETF (XRP)10-K Mar 20, 2026“The insurance maintained by Coinbase Global is shared among all of Coinbase's customers, is not specific to the Trust or to customers holding XRP with the XRP Custodian or Prime Execution Agent, and may not be available or sufficient to protect the Trust from all possible losses or sources of losses.”
supplierBitwise Solana Staking ETF (BSOL)10-K Mar 20, 2026“The insurance maintained by Coinbase Global is shared among all of Coinbase's customers, is not specific to the Trust or to customers holding solana with the Solana Custodian or Prime Execution Agent, and may not be available or sufficient to protect the Trust from all possible losses or sources of losses.”
supplierBitwise Dogecoin ETF (BWOW)10-K Mar 20, 2026“The insurance maintained by Coinbase Global is shared among all of Coinbase's customers, is not specific to the Trust or to customers holding Dogecoin with the Dogecoin Custodian or Prime Execution Agent, and may not be available or sufficient to protect the Trust from all possible losses or sources of losses.”
supplierBitwise Chainlink ETF (CLNK)10-K Mar 20, 2026“The insurance maintained by Coinbase Global is shared among all of Coinbase's customers, is not specific to the Trust or to customers holding Chainlink with the Chainlink Custodian or Prime Execution Agent, and may not be available or sufficient to protect the Trust from all possible losses or sources of losses.”
supplierBitwise Ethereum ETF (ETHW)10-K Mar 12, 2026“The insurance maintained by Coinbase Global is shared among all of its customers, is not specific to the Trust or to customers holding ether with the Ether Custodian or Prime Execution Agent, and may not be available or sufficient to protect the Trust from all possible losses or sources of losses.”
supplierBitwise Bitcoin ETF (BITB)10-K Mar 2, 2026“The insurance maintained by Coinbase Global is shared among all of its customers, is not specific to the Trust or to customers holding bitcoin with the Bitcoin Custodian or Prime Execution Agent, and may not be available or sufficient to protect the Trust from all possible losses or sources of losses.”
supplieriShares Ethereum Trust ETF (ETHA)10-K Feb 27, 2026“The insurance maintained by Coinbase Global is shared among all of Coinbase's customers, is not specific to the Trust or to customers holding ether with the Ether Custodian or the Prime Execution Agent and may not be available or sufficient to protect the Trust from all possible losses or sources of losses.”

COIN customer concentration

In the period ended Jun 30, 2026, a single direct customer accounted for 26% of revenue, per the company's 10-Q filed Jul 30, 2026. The company does not name it.

COIN analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$-0.09$0.45-120.3%$1.21B17
Next quarter (ends Dec 2026)$0.11$0.73-84.4%$1.37B18
Current fiscal year (ends Dec 2026)$-1.76$-0.50+254.6%$5.38B24
Next fiscal year (ends Dec 2027)$3.02$4.21-28.4%$7.00B28

COIN options: expected move

Options price a move of about ±10.1% (±$17.20) by Oct 30, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±6.9% on average.

ExpirationDaysATM implied volatilityExpected move
Oct 30, 2026785.9%±10.1%
Nov 6, 20261478.2%±12.5%
Nov 13, 20262172.7%±14.2%
Nov 20, 20262870.9%±15.9%
Nov 27, 20263568.4%±17.0%
Dec 4, 20264267.6%±18.4%
Dec 18, 20265665.6%±20.6%
Jan 15, 20278464.9%±24.6%

30-day implied volatility 69.8% vs 72.6% realized over the last 30 trading days. Put/call ratio (volume) 0.41. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 10:34 UTC)

PriceUSD 169.09
Change▼ 4.51% (down)
Previous CloseUSD 177.08
OpenUSD 170.45
Day RangeUSD 166.74 – 173.64
52-Week RangeUSD 139.11 – 373.25
Volume6,566,265 shares
Market Cap$44.61B
ExchangeNMS

Technical Analysis (COIN)

Nexqual's technical model rates COIN "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:34 UTC.

Overall SignalSELL
RSI (14)43.42 (neutral)
vs SMA50Below (USD 179.34)
MACD-2.72 (negative)

Analyst Ratings (COIN)

Wall Street analysts rate COIN "Buy" based on 38 analysts, with a mean price target of USD 212.31 (range USD 110–330), per Nexqual as of October 23, 2026 at 10:34 UTC.

Consensus RatingBuy
Analyst Count38
Mean TargetUSD 212.31
High TargetUSD 330
Low TargetUSD 110
Buy / Hold / Sell23 / 13 / 2

Earnings (COIN)

Next Earnings Date2026-10-29
EPS EstimateUSD -0.09
Revenue Estimate$1.21B

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD -1.36 vs est -0.23 ▼ miss
2026-03-31USD -1.49 vs est 0.04 ▼ miss
2025-12-31USD -2.49 vs est 0.94 ▼ miss
2025-09-30USD 1.5 vs est 1.13 ▲ beat

Source: Nexqual, October 23, 2026 at 10:34 UTC.

Financials & Fundamentals (COIN)

Total Revenue$6.04B
Revenue Growth (latest quarter, YoY)-17.30%
Gross Margin+85.81%
Operating Margin-13.92%
Profit Margin-16.34%
ROE-7.85%
Debt / Equity0.51
Current Ratio2.42
Total Cash$8.79B
Total Debt$6.67B

Source: Nexqual, October 23, 2026 at 10:34 UTC.

Financial Health Score (COIN)

Nexqual rates Coinbase Global, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:34 UTC.

GrowthSolid — Revenue +9% YoY (annual)
ProfitabilitySolid — Net margin 18% (last 12 months); banks have no gross margin
Balance SheetN/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Finance Services)
Cash FlowN/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Finance Services)
EfficiencyCritical — ROE -8%, ROA 1.1%

Ownership (COIN)

Insider Ownership+1.32%
Institutional Ownership+68.71%
Shares Outstanding222.80M
Float219.81M
Short % of Float+11.08%

Source: Nexqual, October 23, 2026 at 10:34 UTC.

Leadership (COIN)

Coinbase Global, Inc. is led by Brian Armstrong, Co-Founder, Chairman & CEO, per Nexqual as of October 23, 2026 at 10:34 UTC.

Co-Founder, Chairman & CEOBrian Armstrong
President & COOEmilie M. Choi
Co-Founder & Independent DirectorFrederick Ernest Ehrsam
Chief Financial OfficerAlesia Jeanne Haas
Chief Technology OfficerRob Witoff

Major Backers & Investors (COIN)

Notable institutional backers of Coinbase Global, Inc. include Morgan Stanley, Paradigm Operations LP, Fidelity, according to Nexqual as of October 23, 2026 at 10:34 UTC.

Active Investors

InvestorStake
Morgan Stanley1.71%
Paradigm Operations LP1.43%
Fidelity1.3%
NORGES BANK1.25%
Goldman Sachs1.14%
ARK Invest1.13%

Index Funds (Passive)

FundStake
Vanguard Group10.66%
BlackRock7.5%
State Street4.29%
Geode Capital2.76%

Source: Nexqual, October 23, 2026 at 10:34 UTC.

From Coinbase Global, Inc.'s Latest SEC 10-K Filing (filed 2026-02-12)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

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ICEIntercontinental Exchange Inc.USD 163.84▲ 3.9%
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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:34 UTC. This page is informational and not investment advice.

For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt