Coinbase Global (NASDAQ:COIN) Posts Quarterly Earnings Results, Misses Expectations By $0.17 EPS

Coinbase Global, Inc. (NASDAQ:COIN) issued its quarterly earnings data on Thursday. The cryptocurrency exchange reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17), FiscalAI reports. The company had revenue of $1.78 billion for the quarter, compared to analyst estimates of $1.86 billion. Coinbase Global had a return on equity of 15.70% and a net margin of 41.99%.The company’s revenue was down 21.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.68 earnings per share.

Here are the key takeaways from Coinbase Global’s conference call:

• Everything Exchange launched in Q4 and is showing early traction — global trading volume and market share doubled year‑over‑year with record derivatives activity, equities/prediction markets rolled out, and Base hitting on‑chain transaction highs driven in part by AI agents.
• Stablecoins and payments are a top priority: USDC balances on Coinbase reached all‑time highs (USDC market cap ~ $75B), and the company plans deeper integrations and payments infrastructure, positioning stablecoins as a long‑term growth driver.
• Coinbase highlights financial strength and diversification — 2025 revenue of $7.2B (+9% YoY), subscription & services of $2.8B (+23% YoY), 12 products each >$100M annualized, 12 consecutive quarters of adjusted EBITDA profitability, $11.3B cash (≈$14.1B total resources), and $1.7B of buybacks with a new $2B authorization while continuing Bitcoin purchases.
• On a GAAP basis Q4 showed a $667M net loss driven by a $718M unrealized loss on its crypto investment portfolio and a $395M loss on strategic investments (including Circle), while operating expenses rose (M&A and USDC rewards), and Q1 guidance reflects lower crypto prices and staking rates.

Coinbase Global Stock Down 7.9%

COIN stock opened at $141.09 on Friday. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $226.59 and a two-hundred day moving average price of $286.30. The company has a market cap of $38.04 billion, a price-to-earnings ratio of 12.21 and a beta of 3.70. Coinbase Global, Inc. has a twelve month low of $139.36 and a twelve month high of $444.64.

Key Coinbase Global News

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

• Positive Sentiment: Product innovation — Coinbase launched “Agentic Wallets,” infrastructure for AI agents to autonomously trade and manage crypto assets, a potential new growth vector if adoption follows. Cointelegraph: Coinbase unveils crypto wallets designed specifically for AI agents
• Positive Sentiment: Operational traction — Coinbase says it doubled total trading volume and crypto trading‑volume market share in 2025 and highlighted subscription/product growth in its shareholder letter, supporting the “Everything Exchange” strategy. BusinessWire: Coinbase doubles trading volume & market share
• Neutral Sentiment: Analyst positioning mixed — H.C. Wainwright kept a Buy rating and $350 target but materially cut FY2025–FY2026 EPS forecasts, signaling lower near‑term profitability expectations even from bullish analysts. StreetInsider: H.C. Wainwright trims estimates, maintains Buy
• Neutral Sentiment: Regulatory access — Coinbase executives were named to the CFTC’s Innovation Advisory Committee, which may help shape favorable regulatory outcomes over time. Cointelegraph: CFTC adds Coinbase execs to advisory committee
• Negative Sentiment: Earnings miss and loss — Q4 EPS of $0.66 and $1.78B revenue missed expectations; Coinbase reported a $667M quarterly net loss and a 21% revenue decline year‑over‑year, the primary catalyst for today’s selloff. Cointelegraph: Coinbase misses Q4, posts $667M loss
• Negative Sentiment: Insider selling & governance concerns — Reports detail CEO Brian Armstrong sold roughly $545–$550M of stock over 2025–Jan 2026 and the CFO sold ~$56.5M, raising investor anxiety about insider timing and confidence. Blockonomi: Armstrong sells $550M amid price crash AmericanBankingNews: CFO insider sale
• Negative Sentiment: Service disruption — A brief outage prevented some customers from buying, selling or transferring crypto on the platform, an operational red flag that can intensify selling during market stress. Blockonomi: Coinbase outage halts trades and transfers
• Negative Sentiment: Analyst downgrades & PT cuts — JPMorgan trimmed its price target (to $290) and some brokers cut ratings ahead of earnings, increasing near‑term downside risk as estimates are reset. Yahoo Finance: JPMorgan cuts PT

Analysts Set New Price Targets

Several analysts have issued reports on COIN shares. Citigroup dropped their price target on Coinbase Global from $505.00 to $400.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. JPMorgan Chase & Co. dropped their target price on Coinbase Global from $399.00 to $290.00 and set an “overweight” rating on the stock in a research report on Tuesday. Cantor Fitzgerald cut their target price on Coinbase Global from $277.00 to $221.00 and set an “overweight” rating on the stock in a research note on Monday. Needham & Company LLC cut their target price on Coinbase Global from $290.00 to $230.00 and set a “buy” rating on the stock in a research note on Friday. Finally, China Renaissance decreased their price target on shares of Coinbase Global from $479.30 to $301.50 and set a “buy” rating for the company in a research note on Wednesday, January 14th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $316.58.

Insider Transactions at Coinbase Global

In related news, CFO Alesia J. Haas sold 364,600 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief financial officer directly owned 402,165 shares of the company’s stock, valued at approximately $62,315,466.75. This trade represents a 47.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick Ernest Ehrsam III sold 1,375 shares of the business’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $250.27, for a total transaction of $344,121.25. The SEC filing for this sale provides additional information. Insiders have sold a total of 672,498 shares of company stock worth $137,109,701 in the last 90 days. Corporate insiders own 16.56% of the company’s stock.

Hedge Funds Weigh In On Coinbase Global

A number of institutional investors have recently bought and sold shares of COIN. Palisade Asset Management LLC acquired a new stake in shares of Coinbase Global in the third quarter valued at approximately $29,000. JPL Wealth Management LLC acquired a new position in shares of Coinbase Global during the 3rd quarter worth approximately $49,000. Wiser Advisor Group LLC bought a new stake in Coinbase Global in the 3rd quarter valued at $65,000. AlphaCentric Advisors LLC acquired a new stake in Coinbase Global during the 4th quarter valued at $58,000. Finally, Victory Financial Group LLC acquired a new stake in Coinbase Global during the 3rd quarter valued at $204,000. Institutional investors and hedge funds own 68.84% of the company’s stock.

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.