Coinbase Global (NASDAQ:COIN) Announces Earnings Results

Coinbase Global, Inc. (NASDAQ:COIN) posted its quarterly earnings results on Thursday. The cryptocurrency exchange reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.83 by ($0.17), FiscalAI reports. Coinbase Global had a net margin of 41.99% and a return on equity of 15.70%. The company had revenue of $1.78 billion during the quarter, compared to the consensus estimate of $1.86 billion.

Coinbase Global Stock Performance

Shares of COIN stock traded down $12.11 during trading on Thursday, hitting $141.09. The company’s stock had a trading volume of 19,758,913 shares, compared to its average volume of 11,352,562. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.37. The company has a market cap of $38.04 billion, a PE ratio of 12.21 and a beta of 3.70. The business has a fifty day moving average of $229.25 and a 200-day moving average of $287.32. Coinbase Global, Inc. has a 52 week low of $139.36 and a 52 week high of $444.64.

Insider Buying and Selling

In related news, CFO Alesia J. Haas sold 364,600 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $154.95, for a total value of $56,494,770.00. Following the transaction, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at approximately $62,315,466.75. The trade was a 47.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Armstrong sold 40,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $248.96, for a total transaction of $9,958,400.00. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 672,498 shares of company stock worth $137,109,701. 16.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of COIN. ARK Investment Management LLC lifted its stake in Coinbase Global by 6.1% in the fourth quarter. ARK Investment Management LLC now owns 2,541,928 shares of the cryptocurrency exchange’s stock valued at $574,832,000 after purchasing an additional 146,388 shares during the last quarter. Northern Trust Corp raised its stake in shares of Coinbase Global by 5.9% in the third quarter. Northern Trust Corp now owns 1,959,871 shares of the cryptocurrency exchange’s stock valued at $661,437,000 after buying an additional 108,751 shares during the period. California Public Employees Retirement System lifted its position in shares of Coinbase Global by 7.4% during the 4th quarter. California Public Employees Retirement System now owns 386,231 shares of the cryptocurrency exchange’s stock valued at $87,342,000 after buying an additional 26,465 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Coinbase Global by 50.9% during the 2nd quarter. Canada Pension Plan Investment Board now owns 355,011 shares of the cryptocurrency exchange’s stock worth $124,428,000 after acquiring an additional 119,781 shares during the period. Finally, California State Teachers Retirement System raised its stake in Coinbase Global by 3.6% in the 2nd quarter. California State Teachers Retirement System now owns 317,563 shares of the cryptocurrency exchange’s stock valued at $111,303,000 after acquiring an additional 11,126 shares during the period. 68.84% of the stock is owned by institutional investors.

More Coinbase Global News

Here are the key news stories impacting Coinbase Global this week:

• Positive Sentiment: Product innovation — Coinbase launched Agentic (AI) wallets that let autonomous agents hold and trade crypto; this expands product breadth and opens new revenue/ developer use cases. Cointelegraph: AI wallets
• Positive Sentiment: Distribution/market‑share tailwinds — Coinbase says it doubled trading volume and crypto trading‑volume market share in 2025 and BusinessWire highlighted the firm delivered on its Q4 outlook; that could support recovery if crypto volumes normalize. BusinessWire: shareholder letter
• Positive Sentiment: Product distribution — Interactive Brokers added Coinbase derivatives products to its offering, widening access to Coinbase’s derivatives business and potential fee revenue. FinancialPost: Interactive Brokers
• Neutral Sentiment: Platform changes and marketing — Coinbase is refocusing Base App toward trading (sunsetting some creator features) and ran a high‑profile Super Bowl ad; these move the product mix but have mixed near‑term impact on revenues. Blockonomi: Base App pivot
• Neutral Sentiment: Market positioning ahead of earnings — Options markets priced in a sizable post‑earnings swing and analysts were actively revising forecasts; this raises short‑term volatility but not a directional certainty. TipRanks: options move
• Negative Sentiment: Earnings and revenue miss — Q4 results showed a swing to a loss, EPS of $0.66 vs. $0.83 expected, and revenue of $1.78B vs. ~$1.86B consensus; the print undercut near‑term earnings expectations. WSJ: Q4 loss
• Negative Sentiment: Service outage — A brief disruption left some customers unable to buy/sell/transfer ahead of earnings, raising operational and reputational concerns. MarketWatch: outage
• Negative Sentiment: Analyst cuts and downgrades — JPMorgan cut its price target sharply (from $399 to $290) and other shops trimmed targets or ratings ahead of the report, weighing on sentiment. Blockonomi: JPMorgan PT cut
• Negative Sentiment: Insider selling — CFO Alesia Haas disclosed a large sale (364,600 shares) and reporting surfaced of significant founder/CEO sales, which can amplify investor caution. SEC filing: Haas sale
• Negative Sentiment: Crypto market weakness & regulatory risk — Bitcoin volatility/weakness reduces fee revenue potential and ongoing regulatory/political frictions (Clarity Act debates, enforcement scrutiny) add structural risk priced into COIN. Cointelegraph: BTC volatility

Analyst Ratings Changes

A number of equities analysts recently issued reports on COIN shares. Raymond James Financial reiterated a “market perform” rating on shares of Coinbase Global in a report on Thursday, January 8th. Wall Street Zen lowered shares of Coinbase Global from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. B. Riley Financial boosted their target price on shares of Coinbase Global from $185.00 to $243.00 and gave the stock a “neutral” rating in a research report on Monday, November 3rd. Monness Crespi & Hardt lowered shares of Coinbase Global from a “buy” rating to a “neutral” rating and set a $120.00 target price on the stock. in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Coinbase Global in a research note on Wednesday, December 17th. They set a “buy” rating and a $340.00 price target for the company. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $331.58.

Coinbase Global Company Profile

Coinbase Global, Inc is a U.S.-based company that operates one of the largest cryptocurrency exchange platforms. Founded in 2012 by Brian Armstrong and Fred Ehrsam and headquartered in San Francisco, Coinbase provides technology and infrastructure to buy, sell, store and use a broad range of digital assets. The company became a public company through a direct listing on the NASDAQ in April 2021 and offers services tailored to both retail and institutional customers.

Coinbase’s product portfolio includes its consumer trading platform, a self-custody mobile wallet, and institutional services such as custody, prime brokerage and execution tools.