| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 22 | — | 17.8x | Bottom tier | |
Growth | 17 | -10.4% | 7.1% | Bottom tier | |
Quality | 18 | — | — | Bottom tier | |
Safety | 63 | — | — | Around median | |
Capital Return | 23 | — | 2.12% | Bottom tier | |
Momentum | 28 | -54.5% | 2.9% | Bottom tier | |
Sentiment | 67 | 18 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Coinbase Global operates as a digital asset platform and infrastructure provider, generating revenue from fees on cryptocurrency, derivatives, equities, and prediction market trading, alongside subscriptions and services related to custody, USDC, and staking. Its strategy is based on increasing assets held on the platform and then expanding customer use of products such as Coinbase One, Base, perpetual contracts, and the Coinbase One Card, supporting customer retention and revenue diversification.
In fiscal year 2025, Coinbase reported revenue of $7.2 billion, net income of $1.3 billion, and earnings per share of $4.45. Management explained on the fiscal year 2026 quarter 2 call that revenue had become more diversified, with Bitcoin-related transactions representing 12% of the company’s business after previously accounting for more than half of revenue, alongside expansion in perpetual contract, prediction market, and equity trading and growth in subscriptions and services.
In fiscal year 2026 quarter 2, revenue was $1.2 billion, compared with $1.4 billion in fiscal year 2026 quarter 1, a sequential decline of approximately 14%. The company recorded a net loss of $359.5 million and a loss per share of $1.36, compared with a net loss of $394.1 million and a loss per share of $1.49 in the previous quarter, meaning the loss narrowed despite the revenue decline. The provided data did not include a separate gross profit figure or a complete financial breakdown of revenue by segment.
The average analyst target is $201.16, within a wide range of $95 to $330, with a “Buy” consensus; the average is much closer to the lower end of the 52-week range of $139.11 than to its high of $402.16. No usable price-to-earnings multiple is available because the latest 2026 trailing twelve-month data show a net loss of $987.8 million, despite fiscal year 2025 net income of $1.3 billion. The breadth of analyst targets and their divergence from the 52-week high reflect significant disagreement over the impact of the cryptocurrency cycle, regulation, and new product growth versus continued losses.
Figures in the text are as of 2026-08-27; the live price is shown at the top of the page.
Revenue was $1.2 billion in fiscal year 2026 quarter 2, compared with $1.4 billion in fiscal year 2026 quarter 1. The company recorded a net loss of $359.5 million and a loss per share of $1.36. The loss was smaller than the previous quarter’s net loss of $394.1 million, but revenue declined by approximately 14% sequentially.
Management said on the July 30, 2026 call that Bitcoin-related transactions had come to represent 12% of the business, after previously accounting for more than half of revenue. Diversification comes from perpetual contracts, prediction markets, and equity trading, in addition to subscriptions and services. Coinbase One also recorded more than one million subscribers and its highest number of paid subscribers through fiscal year 2026 quarter 2.
The CLARITY Act aims to provide a clearer framework for regulating digital assets in the United States, and reports identified September 15, 2026 as the date for a procedural vote requiring 60 votes in the Senate. Brian Armstrong expressed optimism that it would pass, but said becoming law would require additional steps. He added that Coinbase already follows many of the practices the legislation may require and that regulators could issue their own rules if it does not pass.
Automated analysis for informational purposes only — not investment advice.
Management said Base processed approximately $32 trillion in stablecoin transfers during the twelve months preceding the July 30, 2026 call. The network provides settlement costing less than one cent and taking less than one second, and hosts the majority of the activity the company cited in X402 payments and AI-powered agents. Coinbase continues to support USDC in partnership with Circle, with the contract renewed on the same terms, while also supporting other stablecoins such as USDT and PYUSD.
Coinbase is expanding into prediction markets, perpetual contracts, and equity trading, and management said prediction market users added volumes to spot trading rather than replacing it. The company began offering pre-IPO perpetual contracts to non-U.S. customers, with the first product linked to SpaceX, and described the initial uptake as encouraging. On August 11, 2026, it also selected Abu Dhabi as a global hub for tokenized securities trading.
The average price target is $201.16, but estimates range from $95 to $330, compared with a 52-week range of $139.11 to $402.16. This variation reflects Coinbase’s sensitivity to digital asset prices, trading volumes, and regulatory decisions, alongside uncertainty over converting Base, Coinbase One, and new products into profits. The latest 2026 trailing twelve-month data also include a net loss of $987.8 million, so no reliable traditional price-to-earnings multiple is available.
