Coinbase Global Inc（COIN）の財務COINCoinbase Global Inc

Coinbase Global, Inc. (COIN) generates its revenue through a diversified portfolio of business segments. Currently, the largest contributor to its top-line growth is Retail, net, accounting for 37.0% of total sales, equivalent to $451.67M. Other significant revenue streams include Stablecoin revenue and Other subscription and services revenue. Understanding this composition is critical for investors evaluating how COIN navigates market cycles within the Blockchain & Cryptocurrency industry.

Evaluating the bottom line, Coinbase Global, Inc. maintains a gross margin of 84.44%. This metric reflects the company's pricing power and manufacturing efficiency. Further down the income statement, the operating margin stands at -2.41%, while the net margin is -29.46%. These profitability ratios, combined with a Return on Equity (ROE) of -7.85%, provide a clear picture of how effectively COIN converts its operational activities into shareholder value.

In the context of the broader market, COIN competes directly with industry leaders such as STT and NDAQ. With a market capitalization of $48.50B, it holds a significant position in the sector. When comparing efficiency, COIN's gross margin of 84.44% stands against STT's 64.44% and NDAQ's 52.73%. Such benchmarking helps identify whether Coinbase Global, Inc. is trading at a premium or discount relative to its financial performance.

Coinbase's gross margin remains strong at 84.44% in Q2 2026, but net income has turned negative, indicating potential profitability issues. The current ratio is healthy at 2.42, suggesting good short-term financial health.