Coinbase Global, Inc. (COIN) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Coinbase Global, Inc. Do?
Coinbase Global, Inc. provides financial infrastructure and technology for the cryptoeconomy in the United States and internationally. The company offers the primary financial account in the cryptoeconomy for retailers; a marketplace with a pool of liquidity for transacting in crypto assets for institutions; and technology and services that enable ecosystem partners to build crypto-based applications and securely accept crypto assets as payment. Coinbase Global, Inc. was founded in 2012 and is based in Wilmington, Delaware. Coinbase Global, Inc. (COIN) is classified as a large-cap stock in the Financials sector, specifically within the Banking industry. The company is led by CEO Brian Armstrong and employs approximately 4,510 people. With a market capitalization of $45.7B, COIN is one of the prominent companies in the Financials sector.
Coinbase Global, Inc. (COIN) Stock Rating — Reduce (April 2026)
As of April 2026, Coinbase Global, Inc. receives a Reduce rating with a composite score of 42.7/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.COIN ranks #2,910 out of 4,446 stocks in our coverage universe. Within the Financials sector, Coinbase Global, Inc. ranks #714 of 891 stocks, placing it in the lower half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
COIN Stock Price and 52-Week Range
Coinbase Global, Inc. (COIN) currently trades at $167.76. The stock lost $1.26 (0.7%) in the most recent trading session. The 52-week high for COIN is $444.64, which means the stock is currently trading -62.3% from its annual peak. The 52-week low is $139.36, putting the stock 20.4% above its annual trough. Recent trading volume was 7.9M shares, reflecting moderate market activity.
Is COIN Overvalued or Undervalued? — Valuation Analysis
Coinbase Global, Inc. (COIN) carries a value factor score of 51/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 23.10x, compared to the Financials sector average of 14.88x — a premium of 55%. The price-to-book ratio stands at 3.13x, versus the sector average of 1.22x. The price-to-sales ratio is 7.00x, compared to 0.90x for the average Financials stock. On an enterprise value basis, COIN trades at 40.16x EV/EBITDA, versus 3.26x for the sector.
Overall, COIN's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
Coinbase Global, Inc. Profitability — ROE, Margins, and Quality Score
Coinbase Global, Inc. (COIN) earns a quality factor score of 65/100, indicating solid business quality with consistent operational execution. The return on equity (ROE) is 13.5%, compared to the Financials sector average of 8.5%, which is within a healthy range. Return on assets (ROA) comes in at 6.8% versus the sector average of 1.2%.
On a margin basis, Coinbase Global, Inc. reports gross margins of 100.0%. The operating margin is 18.2% (sector: 21.8%). Net profit margin stands at 32.0%, versus 17.7% for the average Financials stock. Revenue growth is running at 28.9% on a trailing basis, compared to 9.4% for the sector. The overall profitability profile is adequate, though there may be room for margin expansion.
COIN Debt, Balance Sheet, and Financial Health
Coinbase Global, Inc. has a debt-to-equity ratio of 49.0%, compared to the Financials sector average of 121.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 2.34x, indicating strong short-term liquidity. Total debt on the balance sheet is $7.21B. Cash and equivalents stand at $8.68B.
COIN has a beta of 2.17, meaning it is more volatile than the broader market — a $10,000 investment in COIN would be expected to move 117.1% more than the S&P 500 on any given day. The stability factor score for Coinbase Global, Inc. is 23/100, suggesting elevated price swings that may be unsuitable for conservative portfolios.
Coinbase Global, Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, Coinbase Global, Inc. reported revenue of $6.61B and earnings per share (EPS) of $4.85. Net income for the quarter was $2.00B. Gross margin was 100.0%. Operating income came in at $1.33B.
In FY 2025, Coinbase Global, Inc. reported revenue of $7.18B and earnings per share (EPS) of $4.85. Net income for the quarter was $1.26B. Revenue grew 9.4% year-over-year compared to FY 2024. Operating income came in at $1.44B.
In Q3 2025, Coinbase Global, Inc. reported revenue of $1.87B and earnings per share (EPS) of $1.65. Net income for the quarter was $433M. Revenue grew 55.1% year-over-year compared to Q3 2024. Operating income came in at $481M.
In Q2 2025, Coinbase Global, Inc. reported revenue of $1.50B and earnings per share (EPS) of $5.60. Net income for the quarter was $1.43B. Revenue grew 3.3% year-over-year compared to Q2 2024. Operating income came in at $-25M.
Over the past 8 quarters, Coinbase Global, Inc. has demonstrated a growth trajectory, with revenue expanding from $1.45B to $6.61B. Investors analyzing COIN stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
COIN Dividend Yield and Income Analysis
Coinbase Global, Inc. (COIN) does not currently pay a dividend. This is common among growth-oriented companies in the Banking industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Financials dividend stocks may want to explore other Financials stocks or use the stock screener to filter by dividend yield.
COIN Momentum and Technical Analysis Profile
Coinbase Global, Inc. (COIN) has a momentum factor score of 28/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 24/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 38/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
COIN vs Competitors — Financials Sector Ranking and Peer Comparison
Within the Financials sector, Coinbase Global, Inc. (COIN) ranks #714 out of 891 stocks based on the Blank Capital composite score. This places COIN in the lower half of all Financials stocks in our coverage universe. Key competitors and sector peers include WHITE MOUNTAINS INSURANCE GROUP LTD (WTM) with a score of 62.9/100, OPPENHEIMER HOLDINGS INC (OPY) with a score of 62.6/100, Enact Holdings, Inc. (ACT) with a score of 61.6/100, International General Insurance Holdings Ltd. (IGIC) with a score of 61.3/100, and PARKE BANCORP, INC. (PKBK) with a score of 60.4/100.
Comparing COIN against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full COIN vs S&P 500 (SPY) comparison to assess how Coinbase Global, Inc. stacks up against the broader market across all factor dimensions.
COIN Next Earnings Date
No upcoming earnings date has been announced for Coinbase Global, Inc. (COIN) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy COIN? — Investment Thesis Summary
The quantitative profile for Coinbase Global, Inc. suggests caution. The quality score of 65/100 indicates above-average profitability and business fundamentals. Momentum is weak at 28/100, a headwind for near-term performance. High volatility (stability score 23/100) increases portfolio risk.
In summary, Coinbase Global, Inc. (COIN) earns a Reduce rating with a composite score of 42.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on COIN stock.
Related Resources for COIN Investors
Explore more research and tools: COIN vs S&P 500 comparison, top Financials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare COIN head-to-head with peers: COIN vs WTM, COIN vs OPY, COIN vs ACT.