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Coinbase Global, Inc. Stock Research

COIN

60.78USD-7.05(-10.39%)Market Closed

Market Summary

USD60.78-7.05
Market Closed
-10.39%

COIN Alerts

COIN Stock Price

COIN RSI Chart

COIN Valuation

Market Cap

15.2B

Price/Earnings (Trailing)

-5.79

Price/Sales (Trailing)

4.75

EV/EBITDA

-3.81

Price/Free Cashflow

-9.56

COIN Price/Sales (Trailing)

COIN Profitability

EBT Margin

-95.94%

Return on Equity

-48.12%

Return on Assets

-2.93%

Free Cashflow Yield

-10.46%

COIN Fundamentals

COIN Revenue

Revenue (TTM)

3.2B

Revenue Y/Y

-74.82%

Revenue Q/Q

6.57%

COIN Earnings

Earnings (TTM)

-2.6B

Earnings Y/Y

-166.29%

Earnings Q/Q

-2.27%

Price Action

52 Week Range

31.55206.79
(Low)(High)

Last 7 days

0.1%

Last 30 days

10.9%

Last 90 days

91.1%

Trailing 12 Months

-64.3%

COIN Financial Health

Current Ratio

1.07

Debt/Equity

0.6

Debt/Cashflow

-0.54

COIN Investor Care

Shares Dilution (1Y)

6.83%

Diluted EPS (TTM)

-11.83

Financials for Coinbase Global

Income Statement (Last 12 Months)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-36.9%3,194,208,0005,063,563,0005,785,132,0007,204,769,0007,839,444,000
Operating Expenses-6.2%5,904,416,0006,296,575,0006,169,852,0005,670,375,0004,762,874,000
  S&GA Expenses-22.9%510,089,000661,558,000691,065,000745,904,000663,689,000
  R&D Expenses5.9%2,326,354,0002,195,862,0001,995,788,0001,678,000,0001,291,561,000
EBITDA-104.8%-2,821,612,000-1,377,684,000-526,051,0001,550,917,0003,119,758,000
EBITDA Margin-224.7%-0.88-0.27-0.090.220.40
Earnings Before Taxes-91.2%-3,064,582,000-1,603,164,000-688,614,0001,420,836,0003,026,947,000
EBT Margin-203.0%-0.96-0.32-0.120.200.39
Interest Expenses0.2%88,901,00088,741,00074,206,00051,298,00029,160,000
Net Income-113.8%-2,624,949,000-1,227,740,000-277,005,0002,422,998,0003,624,120,000
Net Income Margin-238.9%-0.82-0.24-0.050.340.46
Free Cahsflow81.4%-1,588,352,000-8,520,844,000-534,824,0006,484,061,00010,727,121,000
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-19.3%89,725111,168105,46820,89521,274
  Current Assets-19.7%86,448107,680102,16216,94118,374
    Cash Equivalents-11.6%4,4255,0075,6826,1167,123
  Net PPE0.5%17217114266.0059.00
  Goodwill0%1,0741,0741,0741,080626
Liabilities-20.2%84,270105,54299,65514,39914,893
  Current Liabilities-20.8%80,815102,07396,19410,92211,419
.    Short Term Borrowings-99.7%1.0014920.00--
  Long Term Debt0.1%3,3893,385---
    LT Debt, Non Current0.1%3,3933,3913,3893,3873,385
Shareholder's Equity-3.1%5,4555,6265,8136,4966,382
  Retained Earnings-24.4%1,7252,2822,8273,9214,350
  Additional Paid-In Capital11.5%3,7683,3803,0042,5792,035
Accumulated Depreciation-42.00----
Shares Outstanding1.3%224221217--
Cashflow (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations81.4%-1,585-8,515-7,220-2034,038
  Share Based Compensation12.0%1,5661,3981,2701,068821
Cashflow From Investing40.6%-663-1,118-1,405-1,778-1,124
Cashflow From Financing-191.9%-5,8386,3548,3559,9309,976
  Buy BacksNaN%0.000.00---

Risks for COIN

What is the probability of a big loss on COIN?

97.1%


Probability that Coinbase Global stock will be more than 20% underwater in next one year

95.1%


Probability that Coinbase Global stock will be more than 30% underwater in next one year.

60.8%


Probability that Coinbase Global stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does COIN drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Coinbase Global was unfortunately bought at previous high price.

Drawdowns

Returns for COIN

Cumulative Returns on COIN

Which funds bought or sold COIN recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
reduced
-22.97
-317,735
232,265
0.01%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-2.4
-1,823,560
2,103,440
-%
2023-03-10
BAILLIE GIFFORD & CO
added
0.63
-214,788
265,212
-%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-53.99
-13,128,000
4,432,000
0.02%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
1,239
1,239
-%
2023-03-02
OLIVER LAGORE VANVALIN INVESTMENT GROUP
reduced
-46.93
-126,729
52,271
0.03%
2023-02-28
Voya Investment Management LLC
added
5.98
-548,629
762,371
-%
2023-02-27
Parallax Volatility Advisers, L.P.
added
355
3,046,030
5,079,030
0.01%
2023-02-24
SRS Capital Advisors, Inc.
unchanged
-
-3,036
3,964
-%
2023-02-24
BBJS FINANCIAL ADVISORS, LLC
new
-
531
531
-%

1–10 of 38

Latest Funds Activity

Are funds buying COIN calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own COIN
No. of Funds

Coinbase Global News

Nasdaq

Notable Monday Option Activity: COIN, BKNG, UWMC.

Nasdaq,
50 minutes ago

Investing.com UK

The Motley Fool

Why Coinbase Stock Is Falling Today.

The Motley Fool,
4 hours ago

Baystreet.ca

Morningstar

Amazon tech layoffs roll on -4-.

Morningstar,
6 hours ago

24/7 Wall St.

TD Cowen Downgrades Coinbase Global.

24/7 Wall St.,
12 hours ago

Schedule 13G FIlings of Coinbase Global

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 16, 2023
ehrsam frederick ernest iii
9.9%
19,107,067
SC 13G/A
Feb 14, 2023
ehrsam frederick ernest iii
9.9%
19,111,729
SC 13G/A
Feb 14, 2023
armstrong brian
18.1%
39,525,540
SC 13G/A
Feb 09, 2023
vanguard group inc
7.37%
13,180,856
SC 13G
Feb 14, 2022
armstrong brian
19.9%
38,681,895
SC 13G
Feb 14, 2022
ehrsam frederick ernest iii
10.8%
18,354,010
SC 13G
Feb 14, 2022
andreessen horowitz fund iii, l.p.
7.0%
10,864,390
SC 13G

COIN Fair Value

Recent SEC filings of Coinbase Global

View All Filings
Date Filed Form Type Document
Mar 22, 2023
4
Insider Trading
Mar 22, 2023
8-K
Current Report
Mar 21, 2023
4
Insider Trading
Mar 15, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Feb 27, 2023
4
Insider Trading
Feb 24, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading

Latest Insider Trading transactions for COIN

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-21
Grewal Paul
sold
-64,710
77.0367
-840
chief legal officer
2023-03-20
Armstrong Brian
sold
-128,478
75.3093
-1,706
chairman and ceo
2023-03-20
Armstrong Brian
acquired
-
-
1,706
chairman and ceo
2023-03-20
Grewal Paul
sold
-114,345
77.00
-1,485
chief legal officer
2023-03-17
Armstrong Brian
sold
-2,116,220
75.5093
-28,026
chairman and ceo
2023-03-17
Armstrong Brian
acquired
-
-
28,026
chairman and ceo
2023-03-13
Armstrong Brian
acquired
-
-
29,732
chairman and ceo
2023-03-13
Armstrong Brian
sold
-1,710,420
57.5279
-29,732
chairman and ceo
2023-03-01
Armstrong Brian
acquired
-
-
29,732
chairman and ceo
2023-03-01
Armstrong Brian
sold
-1,916,440
64.4572
-29,732
chairman and ceo

1–10 of 50

Brian Armstrong
3730
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.

COIN Income Statement

2022-12-31
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenue:   
Revenue$ 3,194,208$ 7,839,444$ 1,277,481
Operating expenses:   
Transaction expense629,8801,267,924135,514
Technology and development2,326,3541,291,561271,732
Sales and marketing510,089663,68956,782
General and administrative1,600,586909,392279,880
Restructuring40,70300
Other operating expense, net796,804630,308124,622
Total operating expenses5,904,4164,762,874868,530
Operating (loss) income(2,710,208)3,076,570408,951
Interest expense88,90129,1600
Other expense (income), net265,47320,463(248)
(Loss) income before income taxes(3,064,582)3,026,947409,199
(Benefit from) provision for income taxes(439,633)(597,173)86,882
Net (loss) income(2,624,949)3,624,120322,317
Net (loss) income attributable to common stockholders:   
Basic(2,624,949)3,096,958108,256
Diluted$ (2,631,179)$ 3,190,404$ 127,471
Net (loss) income per share attributable to common stockholders:   
Basic (in dollars per share)$ (11.81)$ 17.47$ 1.58
Diluted (in dollars per share)$ (11.83)$ 14.50$ 1.40
Weighted-average shares of common stock used to compute net (loss) income per share attributable to common stockholders:   
Basic (in shares)222,314177,31968,671
Diluted (in shares)222,338219,96591,209
Net revenue   
Revenue:   
Revenue$ 3,148,815$ 7,354,753$ 1,141,167
Other revenue   
Revenue:   
Revenue$ 45,393$ 484,691$ 136,314

COIN Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:  
Cash and cash equivalents$ 4,425,021$ 7,123,478
Restricted cash25,87330,951
Customer custodial funds5,041,11910,617,552
Customer crypto assets[1]75,413,1880
USDC861,149100,096
Accounts and loans receivable, net of allowance404,376304,706
Income tax receivable60,44161,231
Prepaid expenses and other current assets217,048135,849
Total current assets86,448,21518,373,863
Crypto assets held424,393988,193
Lease right-of-use assets69,35798,385
Property and equipment, net171,85359,230
Goodwill1,073,906625,758
Intangible assets, net135,429176,689
Other non-current assets1,401,720952,307
Total assets89,724,87321,274,425
Current liabilities:  
Customer custodial cash liabilities4,829,58710,480,612
Customer crypto liabilities[2]75,413,1880
Accounts payable56,04339,833
Accrued expenses and other current liabilities331,236439,559
Crypto asset borrowings151,505426,665
Lease liabilities, current33,73432,366
Total current liabilities80,815,29311,419,035
Lease liabilities, non-current42,04474,078
Long-term debt3,393,4483,384,795
Other non-current liabilities19,53114,828
Total liabilities84,270,31614,892,736
Commitments and contingencies (Note 21)
Stockholders’ equity:  
Additional paid-in capital3,767,6862,034,658
Accumulated other comprehensive loss(38,606)(3,395)
Retained earnings1,725,4754,350,424
Total stockholders’ equity5,454,5576,381,689
Total liabilities, convertible preferred stock, and stockholders’ equity89,724,87321,274,425
Class A common stock  
Stockholders’ equity:  
Common stock22
Class B common stock  
Stockholders’ equity:  
Common stock$ 0$ 0
[1]Safeguarding assets
[2]Safeguarding liabilities