ASIC
Ategrity Specialty Holdings LLC
ASIC's fundamentals are strong: revenue grew 30% and its operating margin rose 1 points to 24%. Its PE isn't a useful guide right now because of how its recent earnings were reported.
COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
ASIC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
ASIC's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like ASIC.
COIN Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Under pressure | |
| N/A | |
| N/A |
COIN's revenue and profitability are currently under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like COIN.
ASIC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 10x | $24.39 | — |
| Cheap | 11x | $22.09 | -9.4% |
| Fair | 12x | $24.16 | -0.9% |
| Current | 12x | $24.39 | — |
| Expensive | 13x | $25.32 | +3.8% |
Historical ranges are pointers, not guarantees.
ASIC's PE is 12x, but its earnings don't support one, so it isn't a reliable read right now.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
ASIC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| High |
Analysts expect strong earnings and revenue growth for ASIC, but weaker profitability.
COIN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect COIN's earnings to grow and its profitability to improve, with its revenue holding steady. However, they disagree widely on these estimates.
ASIC Earnings Per Share
ASIC and COIN do not have enough comparable growth data to identify a winner.
COIN Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.36 | — |
| Q3 2026 | -$2.77 | -124% |
| Q2 2026 | -$3.78 | -137% |
| Q1 2026 | $2.72 | -49% |
| Q4 2025 | $4.45 | -53% |
| Q3 2025 | $11.54 | +94% |
| Q2 2025 | $10.32 | +82% |
| Q1 2025 | $5.32 | +4.1% |
| Q4 2024 | $9.48 | +2462% |
COIN has swung to a loss: it lost $2.77 per share over the past year, after a profit the year before.
ASIC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $125.6M | +8.2% |
| Q2 2026 | $148.5M | +46% |
| Q1 2026 | $129M | +55% |
| Q4 2025 | $123.3M | +18% |
| Q2 2025 | $101.8M | +34% |
| Q1 2025 | $83.1M | +9.3% |
ASIC has the edge over COIN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 12% | -14 points |
| Q2 2026 | 31% | +9.3 points |
| Q1 2026 | 27% | +14 points |
| Q4 2025 | 27% | N/A |
| Q3 2025 | 26% | -4.4 points |
| Q2 2025 | 22% | N/A |
| Q1 2025 | 13% | N/A |
| Q4 2024 | 30% | +16 points |
ASIC has the edge over COIN on profitability, with a higher operating margin.
COIN Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.2B | -35% |
| Q2 2026 | $1.2B | -19% |
| Q1 2026 | $1.4B | -31% |
| Q4 2025 | $1.8B | -22% |
| Q3 2025 | $1.9B | +55% |
| Q2 2025 | $1.5B | +3.3% |
| Q1 2025 | $2B | +24% |
| Q4 2024 | $2.3B | +138% |
COIN's revenue has slid since its 2021 peak: $1.2B last quarter, down 35% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 5.1% | -21 points |
| Q2 2026 | -9.3% | -7.7 points |
| Q1 2026 | -1.5% | -36 points |
| Q4 2025 | 15% | -30 points |
| Q3 2025 | 26% | +12 points |
| Q2 2025 | -1.6% | -25 points |
| Q1 2025 | 35% | -12 points |
| Q4 2024 | 46% | +33 points |
COIN's operating margin was 5.1% last quarter, down 21 points from the same quarter a year ago.
ASIC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $72.5M | +76% |
| Q1 2026 | $41.1M | +96% |
| Q3 2025 | $41.1M | +38% |
| Q1 2025 | $21M | -40% |
| Q1 2025 | $0 | -100% |
| Q4 2024 | $34.5M | +16% |
| Q4 2024 | $29.8M | +0.2% |
| Q3 2024 | $21M | -40% |
ASIC's free cash flow was $193M over the past year, up 126% from the year before. Free cash flow isn't a meaningful measure for financial services companies like ASIC.
COIN Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $405.5M | +$1.2B |
| Q2 2026 | $197.3M | -40% |
| Q1 2026 | $182.7M | +$365.5M |
| Q4 2025 | $3.1B | +218% |
| Q3 2025 | -$784.5M | -213% |
| Q2 2025 | $328.5M | -32% |
| Q1 2025 | -$182.7M | -144% |
| Q4 2024 | $964.6M | +$969.8M |
COIN's free cash flow was $3.9B over the past year, more than ten times what it generated the year before. Free cash flow isn't a meaningful measure for financial services companies like COIN.
ASIC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +382K shares |
| 1 year | +0.5% | +274K shares |
ASIC has 50M diluted shares, up 0.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q1 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q4 2024 | $2.7M |
| Q3 2024 | — |
COIN Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9.3% | +24.6M shares |
| 1 year | -1.4% | -4M shares |
| 3 years | +21% | +50.7M shares |
| 5 years | +15% | +37.4M shares |
| Available history | +330% | +221M shares |
COIN has the edge over ASIC on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $5.3M |
| Q2 2026 | $181.3M |
| Q1 2026 | $1.1B |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
| Q4 2019 | $10.5M |
ASIC Net Leverage
COIN Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -4.4x | Net Cash |
| Q2 2026 | -2.5x | Net Cash |
| Q1 2026 | -2.8x | Net Cash |
| Q4 2025 | -2.3x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -1.6x | Net Cash |
| Q1 2025 | -1.6x | Net Cash |
| Q4 2024 | -1.8x | Net Cash |
COIN has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like COIN.
ASIC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 50.3 | Neutral |
| Stochastic | 17.8 | Oversold |
ASIC's weekly RSI is 50 (neutral) and its Stochastic is 18 (oversold).
COIN Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.3 | Neutral |
| Stochastic | 5.0 | Oversold |
COIN's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).
ASIC PE vs Financial Services Sector
| Metric | ASIC | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 5.1% below |
| PE % | 63 | 12 | 51 pts above |
ASIC is trading at 12x earnings, in line with the Financial Services sector's median of 13x, though its earnings don't support one.
COIN PE vs Financial Services Sector
| Metric | COIN | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 13x | — |
COIN has no meaningful PE right now: it lost money over the past year.
ASIC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.4 | 3.8% below |
| 20 week MA | $25.4 | 3.8% below |
| 50 week MA | $22.1 | 10% above |
ASIC has stronger trend alignment. ASIC is above 1 of 3 weekly averages versus COIN above 0 of 5.
COIN Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $163.0 | 20% below |
| 20 week MA | $165.6 | 21% below |
| 50 week MA | $184.4 | 29% below |
| 100 week MA | $232.8 | 44% below |
| 200 week MA | $190.3 | 31% below |
COIN is in a downtrend: it's below all five of its weekly moving averages, and 31% below its 200-week average.
ASIC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2025 | $23.7 | $21.5 | -9.2% |
| 2026 YTD | $21.5 | $24.4 | +14% |
ASIC has the edge over COIN on returns for 2026, with the stronger performance.
COIN Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $342.0 | $268.2 | -22% |
| 2022 | $268.2 | $35.5 | -87% |
| 2023 | $35.5 | $173.9 | +390% |
| 2024 | $173.9 | $265.7 | +53% |
| 2025 | $265.7 | $236.9 | -11% |
| 2026 YTD | $236.9 | $130.7 | -45% |
COIN's yearly returns have swung widely, from +390% in 2023 to −87% in 2022. It's down 45% so far in 2026.