Fundamental analysis · SEC EDGAR · TTM through 31/03/2026

Fundamental analysis of Coinbase Global, Inc.

COIN · Nasdaq · Financial

Fundamental quality

DEMANDING

54

out of 100

Breakdown by area

I.GrowthEPS growth: -53.1% · Revenue growth: 24.8%
8
II.ProfitabilityNet margin: 12.2% · ROE: 5.9%
58
III.Financial healthNet debt/EBITDA: -3.21x · FCF: 26.8%
95

Source: SEC EDGAR · TTM through 31/03/2026

The score combines growth, profitability and financial strength. Here its financial strength weighs in its favor, while its growth drags it down the most.

Strengths

  • Growing revenue (24.8% annualized).
  • Strong free-cash-flow generation (FCF margin of 26.8%).
  • Net cash position: more cash than debt.

Risks and weaknesses

  • Declining earnings per share (-53.1% annualized).
  • Low return on equity (ROE of 5.9%).

Historical evolution

YearRevenueNet incomeFree cash flowNet debt
2021$7,839M$3,624M$4,035M-$3,739M
2022$3,194M-$2,625M-$1,588M-$1,032M
2023$3,108M$95M-$2,509M
2024$6,564M$2,579M-$5,074M
2025$7,181M$1,260M-$4,079M

Between 2021 and 2025, revenue went from $7,839M to $7,181M (-8%) and net income went from $3,624M to $1,260M (-65%).

Annual figures in U.S. dollars per SEC filings. Net debt is total debt minus cash.

Frequently asked questions

Is Coinbase Global, Inc. a profitable company?

Yes. Coinbase Global, Inc. shows a net margin of 12.2% and an ROE of 5.9%, a sign of a profitable business.

Does Coinbase Global, Inc. have a lot of debt?

No. Coinbase Global, Inc. has a net cash position: more cash than debt.

Is Coinbase Global, Inc. growing?

Its revenue has grown 24.8% annualized in recent years.

Does Coinbase Global, Inc. generate cash?

Yes. It converts about 26.8% of its revenue into free cash flow.

The thresholds are general and the system doesn't judge qualitative factors. See the full methodology and use this analysis as a first filter, never as a final decision.

Is Coinbase Global, Inc. cheap or expensive?

That depends on the current price. Look it up, enter it in the tool and get the full valuation verdict (P/E against its sector).

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