Coinbase (COIN) is trading down at $178.28 (-4.02%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Financials sector.
Analyst price targets on COIN
Current price targets from 3 firms average $198, median $196, ranging from $196 to $203 — the average is 11% above the current $178. Each is tracked to its date and scored the same way a member's call is.
- Bank of America $188 → $203 by Oct 2027 Oct 5, 2026 via Investing.com · Bank of America's track record
- Goldman Sachs $188 → $196 by Aug 2027 Aug 30, 2026 via Forbes · Goldman Sachs's track record
- Goldman Sachs $187 → $196 by Aug 2027 Aug 25, 2026 via Yahoo Finance · Goldman Sachs's track record
- JPMorgan $157 → $196 by Jul 2027 Jul 17, 2026 via Yahoo Finance · JPMorgan's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
Coinbase revenue & net income history (FY2019–FY2025)
| FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $533.7M | $1.28B | $7.84B | $3.19B | $3.11B | $6.56B | $7.18B |
| Growth (year over year) | — | +139.3% | +513.7% | −59.3% | −2.7% | +111.2% | +9.4% |
| Operating income | −$45.8M | $409.0M | $3.08B | −$2.71B | −$161.7M | $2.31B | $1.44B |
| Operating margin | −8.6% | 32.0% | 39.2% | −84.8% | −5.2% | 35.1% | 20.0% |
| Net income | −$30.4M | $322.3M | $3.62B | −$2.62B | $94.9M | $2.58B | $1.26B |
| Net margin | −5.7% | 25.2% | 46.2% | −82.2% | 3.1% | 39.3% | 17.6% |
| EPS (diluted) | −$0.50 | $1.40 | $14.50 | −$11.83 | $0.37 | $9.48 | $4.45 |
| Balance sheet | |||||||
| Cash and equivalents | $548.9M | $1.06B | $7.12B | $4.43B | $5.49B | $9.31B | $11.3B |
| Total assets | — | $5.86B | $21.3B | $89.7B | $14.8B | $22.5B | $29.7B |
| Total liabilities | — | $4.33B | $14.9B | $84.3B | $8.47B | $12.3B | $14.9B |
| Long-term debt | — | $0 | $3.38B | $3.39B | $2.98B | $4.23B | $5.94B |
| Shareholders' equity | $497.1M | $963.6M | $6.38B | $5.45B | $6.28B | $10.3B | $14.8B |
| Cash flow | |||||||
| Operating cash flow | −$80.6M | $293.5M | $4.04B | −$1.59B | $673.4M | $3.10B | $2.43B |
| Capital expenditure | $33.5M | $9.91M | $2.91M | $2.93M | — | — | — |
| Free cash flow | −$114.1M | $283.6M | $4.04B | −$1.59B | — | — | — |
| Share buybacks | — | — | — | — | $0 | $0 | $790.2M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $1.21B | $2.27B | $2.03B | $1.50B | $1.87B | $1.78B | $1.41B | $1.22B |
| Growth (year over year) | +78.8% | +138.2% | +24.2% | +3.3% | +55.1% | −21.6% | −30.5% | −18.5% |
| Operating income | $169.5M | $1.03B | $705.8M | −$24.6M | $480.5M | $273.8M | −$21.4M | −$113.5M |
| Operating margin | 14.1% | 45.5% | 34.7% | −1.6% | 25.7% | 15.4% | −1.5% | −9.3% |
| Net income | $75.5M | $1.29B | $65.6M | $1.43B | $432.6M | −$666.7M | −$394.1M | −$359.5M |
| Net margin | 6.3% | 56.8% | 3.2% | 95.4% | 23.1% | −37.4% | −27.9% | −29.5% |
| EPS (diluted) | $0.28 | $4.66 | $0.24 | $5.14 | $1.50 | −$2.43 | −$1.49 | −$1.36 |
| Balance sheet | ||||||||
| Cash and equivalents | $7.72B | $9.31B | $9.97B | $9.37B | $8.68B | $11.3B | $10.2B | $8.61B |
| Total assets | $290.6B | $22.5B | $21.7B | $23.5B | $31.4B | $29.7B | $28.8B | $26.5B |
| Total liabilities | $281.8B | $12.3B | $11.3B | $11.4B | $15.3B | $14.9B | $15.4B | $13.4B |
| Long-term debt | $4.23B | $4.23B | $4.24B | $2.97B | $5.93B | $5.94B | $5.94B | $5.94B |
| Shareholders' equity | $8.73B | $10.3B | $10.5B | $12.1B | $16.0B | $14.8B | $13.5B | $13.1B |
| Cash flow | ||||||||
| Operating cash flow | $696.5M | $1.51B | $852.7M | $240.1M | −$1.73B | $3.07B | $182.7M | $197.3M |
| Share buybacks | — | — | $0 | $0 | — | — | $1.06B | $181.3M |
From Coinbase's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Coinbase
Coinbase Global, Inc. is an American cryptocurrency exchange. It was founded in 2012 by Brian Armstrong and Fred Ehrsam. Coinbase has over 100 million users, and is the largest U.S. based cryptocurrency exchange as well as the world's biggest bitcoin custodian, as of 2024. The company operates in more than 100 countries and holds nearly US$516 billion in assets, including nearly 12 percent of all bitcoin in existence and 11 percent of all staked Ether.
- Headquarters
- New York, New York From SEC filings, Oct 2026
Recent News (3)
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Morgan Stanley Runs Bitcoin, Ethereum and Solana ETFs at a 0.14% Fee. Which Coin Gets Its Money First? Morgan Stanley Runs Bitcoin, Ethereum and Solana ETFs at a 0.14% Fee. Which Coin Gets Its Money First? Yahoo Finance
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Morgan Stanley Runs Bitcoin, Ethereum and Solana ETFs at a 0.14% Fee. Which Coin Gets Its Money First? - 24/7 Wall St. Morgan Stanley Runs Bitcoin, Ethereum and Solana ETFs at a 0.14% Fee. Which Coin Gets Its Money First? 24/7 Wall St.
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