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Coinbase Global, Inc. (COIN)

Financial Services Out of favour

Coinbase is a digital platform that acts as a secure gateway for people and businesses to trade and store cryptocurrencies like Bitcoin.

$146.26

Is Coinbase Global, Inc. a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Strong brand recognition as a trusted name in crypto. Worth weighing: Revenue is highly dependent on volatile crypto market cycles. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.

No rating · no target price · nothing for sale here
Price-31.2%
= past earnings-report date
Priced in USD - as a UK investor your £ return also moves with the pound-to-dollar exchange rate, on top of the share price itself.
52-week range-60% past year
$146.26
Low $139.11High $402.16
Where today's price sits versus its past year - context, not a signal.
If you had put $1,000 into Coinbase Global, Inc.
$688-31%

Over about 2 years to 2026-07-31. This is the share price only; any dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Coinbase Global, Inc. actually fallen?

−66%

Over the last 2 years of daily prices, Coinbase Global, Inc. fell as much as −66% from a high to a later low. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.

Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
$38.59B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
8.68M
Day range: The lowest and highest price the shares traded at during the latest day.
$139.11 – $153.68
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
$139.11 – $402.16
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
0.0%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
3.35
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 3.35
Calm
Wild
Bumpier than the market

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +4% past week · ▼ -60% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

Crypto becomes a mainstream financial asset class with widespread adoption.

The bear case

Technological shifts or security breaches permanently damage user trust.

What does Coinbase Global, Inc. do?

Think of Coinbase as a digital high-street shop for the world of crypto, where they earn their keep primarily by charging fees whenever users trade assets on their platform. Because their business is so closely tied to the popularity and price of cryptocurrencies, their fortunes can swing wildly depending on whether the market is feeling optimistic or fearful. Pay attention to how they diversify their income beyond just trading fees, such as through subscription services and institutional partnerships.

VQGMI
Factor profile

On our factor screen it looks strongest on quality and value, and weakest on growth.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 30Quality: How profitable and financially healthy the company is (higher = stronger). 43Growth: How fast revenue and earnings are growing (higher = faster). 1Momentum: How the share price has been trending recently (higher = stronger recent run). 6Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 16
Quick checks
What's strong
  • Strong brand recognition as a trusted name in crypto
  • Very high gross margins on core services
  • Significant footprint in the institutional market
What to watch
  • Value screens low (30/100)
  • Growth screens low (1/100)
  • Momentum screens low (6/100)
  • Income screens low (16/100)
  • Uncertain and evolving global regulatory landscape

What do Coinbase Global, Inc.'s numbers mean?

P/E
60.3
This shows how much investors are currently paying for every pound of the company's profit, suggesting high expectations for future growth.
P/S
6.8
This compares the company's total market value to its annual sales, helping to see how much the market is willing to pay for each pound of revenue.
Higher than most of the 123 Financial Services shares we cover
Beta
3.4
A beta this high means the share price tends to be much more volatile and jumpy than the wider stock market.
Gross margin
85.5%
This indicates that for every pound earned in revenue, a very large portion remains after covering the direct costs of providing their service.
Higher than most of the 126 Financial Services shares we cover

How much money does Coinbase Global, Inc. make?

Revenue and profit by quarter, and how much of each sale turns into profit.

RevenueNet income
$0$467.17M$934.35M$1.40B$1.87BQ2 25Q3 25Q4 25Q1 26Q2 26
Gross margin
85.8%
Net margin
-16.3%
Return on equity
-7.8%

Does Coinbase Global, Inc. pay a dividend?

No - Coinbase Global, Inc. doesn't currently pay a dividend, so the whole return would rest on the share price. Plenty of growing companies reinvest their profits instead of paying them out - neither approach is better or worse, they're just different.

When does Coinbase Global, Inc. report earnings, and how did recent quarters go?

Coinbase Global, Inc. is next scheduled to report on about 2026-10-29 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

Coinbase Global, Inc.: reported versus expected earnings per share, recent quarters
ReportedExpected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number.Actual EPSvs expected
2026-07-30$-0.23$-1.36Missed -487%
2026-05-07$0.04$-1.49Missed -3459%
2026-02-12$0.94$-2.49Missed -365%
2025-10-30$1.13$1.50Beat +32%
2025-07-31$1.49$5.14Beat +246%
2025-05-08$1.90$0.24Missed -87%

Across the last 6 quarters here, Coinbase Global, Inc. came in ahead of what analysts expected 2 times. One quarter is noise, not a trend.

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

More in Financial Services

AflacAllstateTravelersAssurantBank of Georgia GroupSchrodersM&GIG Group

What are the scenarios for Coinbase Global, Inc.?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

$375$146$82today · $146▲ Bull · $176• Base · $146▼ Bear · $113in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+15% to +25%A sudden surge in crypto trading activity boosts transaction fees.
Base
-5% to +5%Trading volumes remain steady with no major market shocks.
Bear
-15% to -30%A sharp drop in crypto prices leads to a mass exodus of retail traders.

What are the pros and cons of Coinbase Global, Inc.?

3bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case3
  • Strong brand recognition as a trusted name in crypto
  • Very high gross margins on core services
  • Significant footprint in the institutional market
The catch3
  • Revenue is highly dependent on volatile crypto market cycles
  • No dividend payments for income-focused investors
  • High share price volatility compared to the broader market
Key risks3
  • Uncertain and evolving global regulatory landscape
  • Potential for cyber security threats and platform hacks
  • Intense competition from other global exchanges
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: USD · flags: pe, earnings_growth · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-02. Prices may be delayed and numbers can go stale - always double-check before acting.