COIN - Coinbase Global, Inc.
Price:
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--
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$240.47
DETAILS
HIGH:
$440.00
LOW:
$107.00
MEDIAN:
$250.00
CONSENSUS:
$240.47
UPSIDE:
29.99%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Revenue | 7,181.3 | 6,564.0 | 3,108.4 | 3,194.2 | 7,839.4 | 1,277.5 | 533.7 |
| Cost of Revenue | 1,821.2 | 1,657.5 | 1,135.5 | 629.9 | 1,738.5 | 135.5 | 82.1 |
| Gross Profit | 5,360.1 | 4,906.5 | 1,972.8 | 2,564.3 | 6,100.9 | 1,142.0 | 451.7 |
| Operating Expenses | |||||||
| R&D Expenses | 1,670.6 | 1,468.3 | 1,324.5 | 2,326.4 | 1,291.6 | 271.7 | 185.0 |
| SG&A Expenses | 1,877.2 | 1,194.9 | 691.8 | 2,110.7 | 1,102.5 | 336.7 | 256.1 |
| Other Expenses | 376.8 | (63.8) | 118.2 | 837.5 | 630.3 | 124.6 | 46.2 |
| Operating Expenses | 3,924.7 | 2,599.3 | 2,134.5 | 5,274.5 | 3,024.3 | 733.0 | 487.3 |
| Operating Income | |||||||
| Operating Income | 1,435.4 | 2,307.2 | (161.7) | (2,710.2) | 3,076.6 | 409.0 | (35.6) |
| Interest Expense | 85.4 | 80.6 | 82.8 | 88.9 | 29.2 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||
| EBITDA | 1,795.9 | 3,150.8 | 145.6 | (2,821.6) | 3,119.8 | 439.9 | (5.4) |
| EBIT | 1,607.5 | 3,023.3 | 5.9 | (2,975.7) | 3,056.1 | 409.0 | (35.6) |
| Income Before Tax | 1,522.1 | 2,942.6 | (76.8) | (3,064.6) | 3,026.9 | 409.2 | (45.4) |
| Income Tax Expense | 261.7 | 363.6 | (171.7) | (439.6) | (597.2) | 86.9 | (15.0) |
| Net Income | 1,260.3 | 2,579.1 | 94.9 | (2,624.9) | 3,624.1 | 322.3 | (30.4) |
| Per Share Data | |||||||
| EPS (Basic) | 4.85 | 10.42 | 0.40 | -11.84 | 17.47 | 0.58 | -0.46 |
| EPS (Diluted) | 4.45 | 9.48 | 0.37 | -11.83 | 14.50 | 0.58 | -0.45 |
| Shares Outstanding | 260.1 | 247.4 | 235.8 | 222.3 | 177.3 | 186.0 | 66.1 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash & Cash Equivalents | 11,285.5 | 8,543.9 | 5,139.4 | 4,425.0 | 7,123.5 | 1,061.8 | 548.9 |
| Short-Term Investments | 628.6 | 1,004.2 | 386.0 | 861.1 | 100.1 | 48.9 | 88.4 |
| Net Receivables | 1,725.5 | 914.9 | 631.1 | 464.8 | 365.9 | 189.5 | 91.7 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 6,654.0 | 7,561.1 | 5,120.8 | 80,599.0 | 10,651.4 | 3,797.5 | 1,236.5 |
| Total Current Assets | 20,388.4 | 18,112.7 | 11,356.8 | 86,448.2 | 18,373.9 | 5,133.9 | 1,986.9 |
| Non-Current Assets | |||||||
| Property, Plant & Equipment | 406.2 | 281.2 | 205.3 | 241.2 | 157.6 | 150.1 | 170.5 |
| Goodwill | 4,169.0 | 1,139.7 | 1,139.7 | 1,073.9 | 625.8 | 77.2 | 54.7 |
| Intangible Assets | 1,397.8 | 46.8 | 86.4 | 135.4 | 176.7 | 376.9 | 70.1 |
| Long-Term Investments | 2,621.9 | 1,927.2 | 673.7 | 751.1 | 1,352.1 | 28.1 | 17.6 |
| Other Non-Current Assets | 117.7 | 93.1 | 19.8 | 28.2 | 14.8 | 68.3 | 62.6 |
| Total Non-Current Assets | 9,283.4 | 4,429.3 | 3,397.1 | 3,276.7 | 2,900.6 | 721.5 | 404.8 |
| Total Assets | 29,671.8 | 22,542.0 | 14,753.9 | 89,724.9 | 21,274.4 | 5,855.4 | 2,391.8 |
| Current Liabilities | |||||||
| Account Payables | 117.6 | 63.3 | 39.3 | 56.0 | 39.8 | 12.0 | 5.9 |
| Short-Term Debt | 1,721.7 | 300.1 | 0 | 20.5 | 20.1 | 271.3 | 0 |
| Deferred Revenue | 0 | 0 | 197,153.9 | 80,242.8 | 10,480.6 | 3,849.5 | 1,106.8 |
| Other Current Liabilities | 6,174.3 | 6,941.5 | (192,175.9) | 151.5 | 426.7 | 0 | 47.4 |
| Total Current Liabilities | 8,701.3 | 7,941.3 | 5,485.1 | 80,815.3 | 11,419.0 | 4,246.9 | 1,223.4 |
| Non-Current Liabilities | |||||||
| Long-Term Debt | 5,937.0 | 4,234.1 | 2,980.0 | 3,393.4 | 3,384.8 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 67.7 | 3.9 | 3.4 | 19.5 | 14.8 | 562.5 | 564.7 |
| Total Non-Current Liabilities | 6,177.5 | 4,323.8 | 2,987.2 | 3,455.0 | 3,473.7 | 645.0 | 671.2 |
| Total Liabilities | 14,878.8 | 12,265.1 | 8,472.3 | 84,270.3 | 14,892.7 | 4,891.8 | 1,894.7 |
| Stockholders' Equity | |||||||
| Common Stock | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0 | 0 |
| Retained Earnings | 6,221.2 | 4,960.9 | 1,820.3 | 1,725.5 | 4,350.4 | 726.3 | 404.0 |
| Accumulated Other Comprehensive Income | 5.0 | (50.1) | (30.3) | (38.6) | (3.4) | 6.3 | (0.7) |
| Total Stockholders' Equity | 14,793.1 | 10,276.8 | 6,281.6 | 5,454.6 | 6,381.7 | 963.6 | 497.1 |
| Total Liabilities & Equity | 29,671.8 | 22,542.0 | 14,753.9 | 89,724.9 | 21,274.4 | 5,855.4 | 2,391.8 |
| Debt Metrics | |||||||
| Total Debt | 7,831.5 | 4,629.6 | 2,994.7 | 3,489.7 | 3,511.3 | 379.1 | 130.3 |
| Net Debt | (3,454.0) | (3,914.3) | (2,144.7) | (935.3) | (3,612.2) | (682.8) | (418.6) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | 1,260.3 | 2,579.1 | 94.9 | (2,624.9) | 3,624.1 | 322.3 | (30.4) |
| Depreciation & Amortization | 188.4 | 127.5 | 139.6 | 154.1 | 63.7 | 31.0 | 16.9 |
| Stock-Based Compensation | 839.4 | 912.8 | 780.7 | 1,565.8 | 820.7 | 70.5 | 31.1 |
| Change in Working Capital | (31.4) | (478.0) | 326.2 | (1,031.4) | 141.4 | 2,616.9 | (100.3) |
| Other Non-Cash Items | (68.7) | (735.9) | (202.1) | 819.1 | (53.4) | (37.1) | 23.0 |
| Operating Cash Flow | 2,426.4 | 2,556.8 | 923.0 | (1,585.4) | 4,038.2 | 3,004.1 | (80.6) |
| Investing Activities | |||||||
| Capital Expenditure | 0 | 0 | 0 | (2.9) | (82.9) | (18.8) | (40.5) |
| Acquisitions | (742.0) | 0 | (30.7) | (186.2) | (70.9) | 33.6 | (5.7) |
| Purchases of Investments | (1,165.2) | 0 | (277.4) | (1,400.0) | (3,335.6) | (538.4) | (279.2) |
| Sales/Maturities of Investments | 0 | 0 | 461.3 | 969.2 | 2,574.0 | 574.4 | 273.1 |
| Other Investing Activities | (142.3) | (282.4) | (84.6) | (43.9) | (289.4) | (8.9) | (60.0) |
| Investing Cash Flow | (2,049.6) | (282.4) | 5.4 | (663.8) | (1,124.7) | 50.8 | (105.4) |
| Financing Activities | |||||||
| Net Debt Issuance | 3,002.9 | 1,246.0 | (324.0) | (0.1) | 3,399.8 | 0 | 0 |
| Stock Repurchased | (790.2) | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (1,472.4) | 1,456.8 | (487.3) | (5,838.4) | 6,576.3 | 18.8 | (16.6) |
| Financing Cash Flow | 740.3 | 2,828.9 | (811.3) | (5,838.5) | 9,976.1 | 18.8 | (16.6) |
| Cash Position | |||||||
| Net Change in Cash | 1,210.0 | 5,055.0 | 125.8 | (8,251.0) | 12,824.6 | 3,071.6 | (202.7) |
| Cash at Beginning | 15,683.5 | 9,555.4 | 9,429.6 | 17,680.7 | 4,856.0 | 1,784.4 | 1,987.1 |
| Cash at End | 16,893.4 | 14,610.4 | 9,555.4 | 9,429.6 | 17,680.7 | 4,856.0 | 1,784.4 |
| Free Cash Flow | 2,426.4 | 2,556.8 | 923.0 | (1,585.4) | 3,955.3 | 2,985.3 | (121.1) |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Income Statement | |||||||
| Revenue | 7,181.3 | 6,564.0 | 3,108.4 | 3,194.2 | 7,839.4 | 1,277.5 | 533.7 |
| Gross Profit | 5,360.1 | 4,906.5 | 1,972.8 | 2,564.3 | 6,100.9 | 1,142.0 | 451.7 |
| Operating Income | 1,435.4 | 2,307.2 | (161.7) | (2,710.2) | 3,076.6 | 409.0 | (35.6) |
| Net Income | 1,260.3 | 2,579.1 | 94.9 | (2,624.9) | 3,624.1 | 322.3 | (30.4) |
| EPS (Diluted) | 4.45 | 9.48 | 0.37 | -11.83 | 14.50 | 0.58 | -0.45 |
| Balance Sheet | |||||||
| Cash & Equivalents | 11,285.5 | 8,543.9 | 5,139.4 | 4,425.0 | 7,123.5 | 1,061.8 | 548.9 |
| Total Assets | 29,671.8 | 22,542.0 | 14,753.9 | 89,724.9 | 21,274.4 | 5,855.4 | 2,391.8 |
| Total Debt | 7,831.5 | 4,629.6 | 2,994.7 | 3,489.7 | 3,511.3 | 379.1 | 130.3 |
| Stockholders' Equity | 14,793.1 | 10,276.8 | 6,281.6 | 5,454.6 | 6,381.7 | 963.6 | 497.1 |
| Cash Flow | |||||||
| Operating Cash Flow | 2,426.4 | 2,556.8 | 923.0 | (1,585.4) | 4,038.2 | 3,004.1 | (80.6) |
| Capital Expenditure | 0 | 0 | 0 | (2.9) | (82.9) | (18.8) | (40.5) |
| Free Cash Flow | 2,426.4 | 2,556.8 | 923.0 | (1,585.4) | 3,955.3 | 2,985.3 | (121.1) |