COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
MC
Moelis & Company
MC's fundamentals are mixed: revenue grew 14%, but earnings per share fell 1.7%. At 19x earnings, it's trading in line with its usual 21x. Analysts expect strong earnings growth, though they disagree widely on how much.
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.
MC Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
MC's profitability is currently healthy, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like MC.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
MC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $35.85 | -36% |
| Forward | 16x | $56.01 | — |
| Current | 19x | $56.01 | — |
| Fair | 20x | $60.15 | +7.4% |
| Expensive | 38x | $112 | +101% |
Historical ranges are pointers, not guarantees.
MC's PE is in its fair range at 19x. If earnings grow as analysts expect, today's price would be 16x next year's earnings.
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.
MC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Strong growth | |
| Improving | |
| Limited | |
| Low |
MC has the edge over COIN on the outlook, with more favorable revenue expectations.
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.
MC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.55 | +21% |
| Q3 2026 | $2.94 | -1.7% |
| Q2 2026 | $2.87 | +13% |
| Q1 2026 | $2.78 | +28% |
| Q4 2025 | $2.94 | +67% |
| Q3 2025 | $2.99 | +464% |
| Q2 2025 | $2.54 | +1593% |
| Q1 2025 | $2.18 | +$2.37 |
| Q4 2024 | $1.76 | +$2.12 |
MC has the edge over COIN on earnings quality, reporting a profit while its opponent remains loss making.
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.
MC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $409.4M | +12% |
| Q1 2026 | $319.8M | +4.3% |
| Q4 2025 | $487.9M | +11% |
| Q3 2025 | $356.9M | +30% |
| Q2 2025 | $365.4M | +38% |
| Q1 2025 | $306.6M | +41% |
| Q4 2024 | $438.7M | +104% |
| Q3 2024 | $273.8M | +0.6% |
MC has the edge over COIN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 18% | +1.2 points |
| Q1 2026 | 13% | +0.6 points |
| Q4 2025 | 26% | -3.8 points |
| Q3 2025 | 14% | +7.8 points |
| Q2 2025 | 17% | +9 points |
| Q1 2025 | 12% | +9.4 points |
| Q4 2024 | 30% | +34 points |
| Q3 2024 | 5.7% | +13 points |
MC has the edge over COIN on profitability, with a higher operating margin.
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.
MC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $250.2M | +39% |
| Q2 2026 | $218M | +9.3% |
| Q1 2026 | -$291.6M | -$123M |
| Q4 2025 | $329.6M | +5.3% |
| Q3 2025 | $179.6M | +33% |
| Q2 2025 | $199.4M | +45% |
| Q1 2025 | -$168.6M | +$1.8M |
| Q4 2024 | $313M | +233% |
MC has the edge over COIN on cash flow, with more consistent year-over-year improvement.
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 MC 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 |
MC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.7% | -1.4M shares |
| 1 year | -1.3% | -994K shares |
| 3 years | +14% | +9.3M shares |
| 5 years | +14% | +9.8M shares |
| Available history | +39% | +21.7M shares |
MC has 78M diluted shares, down 1.3% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2026 | $23.5M |
| Q1 2026 | $117.3M |
| Q4 2025 | $46.1M |
| Q3 2025 | $15.2M |
| Q2 2025 | $1.6M |
| Q1 2025 | $11.6M |
| Q4 2024 | $1.1M |
| Q3 2024 | $1M |
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 the edge over MC on leverage, with a lower net debt burden relative to earnings.
MC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.5x | Net Cash |
| Q2 2026 | 0.2x | Very low |
| Q1 2026 | 0.4x | Very low |
| Q4 2025 | -0.8x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.0x | Net Cash |
| Q1 2025 | 0.2x | Very low |
| Q4 2024 | -1.0x | Net Cash |
MC has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like MC.
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).
MC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 38.7 | Neutral |
| Stochastic | 30.3 | Neutral |
MC's weekly RSI is 39 (neutral) and its Stochastic is 30 (neutral).
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.
MC PE vs Financial Services Sector
| Metric | MC | Sector median | Relative |
|---|---|---|---|
| PE | 19x | 13x | 46% above |
| PE % | 44 | 63 | 19 pts below |
MC is trading at 19x earnings, a 46% premium to the Financial Services sector's median of 13x.
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.
MC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $56.6 | 1% below |
| 20 week MA | $62.6 | 10% below |
| 50 week MA | $64.5 | 13% below |
| 100 week MA | $65.3 | 14% below |
| 200 week MA | $59.0 | 5.1% below |
MC is in a downtrend: it's below all five of its weekly moving averages, and 5.1% below its 200-week average.
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.
MC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $32.8 | $47.2 | +44% |
| 2021 | $47.2 | $62.4 | +32% |
| 2022 | $62.4 | $39.0 | -37% |
| 2023 | $39.0 | $56.1 | +44% |
| 2024 | $56.1 | $74.5 | +33% |
| 2025 | $74.5 | $71.6 | -3.9% |
| 2026 YTD | $71.6 | $56.0 | -22% |
MC has the edge over COIN on returns for 2026, with the stronger performance.