COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
MRBK
Meridian Corporation
MRBK's fundamentals are mixed, but it looks expensive: trading at 9.8x earnings, above its usual 8.2x. Analysts expect earnings to decline.
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.
MRBK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
MRBK'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 MRBK.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
MRBK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6x | $10.15 | -39% |
| Fair | 8.2x | $13.80 | -16% |
| Current | 9.8x | $16.51 | — |
| Forward | 9.8x | $16.51 | — |
| Expensive | 10x | $17.49 | +5.9% |
Historical ranges are pointers, not guarantees.
MRBK's PE is in its expensive range at 9.8x. On analysts' estimates for next year's earnings, today's price would be 9.8x.
COIN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Moderate | |
| Low |
COIN has the edge over MRBK on the outlook, with more favorable earnings and profitability expectations.
MRBK Forward outlook
| Metric | Outlook |
|---|---|
| Stable | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| Moderate |
Analysts expect MRBK's earnings and profitability to decline, with its revenue holding steady.
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.
MRBK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.69 | 0% |
| Q3 2026 | $1.69 | -4.5% |
| Q2 2026 | $1.84 | +14% |
| Q1 2026 | $1.85 | +30% |
| Q4 2025 | $1.89 | +30% |
| Q3 2025 | $1.77 | +74% |
| Q2 2025 | $1.61 | +69% |
| Q1 2025 | $1.42 | +34% |
| Q4 2024 | $1.45 | +25% |
MRBK 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.
MRBK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $30.1M | -8.9% |
| Q2 2026 | $32.7M | +0.7% |
| Q1 2026 | $30.2M | +12% |
| Q4 2025 | $34.2M | +5.1% |
| Q3 2025 | $33.1M | +14% |
| Q2 2025 | $32.4M | +24% |
| Q1 2025 | $27.1M | +10% |
| Q4 2024 | $32.6M | +30% |
MRBK has the edge over COIN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 20% | -6.4 points |
| Q2 2026 | 23% | +0.4 points |
| Q1 2026 | 8.6% | -3 points |
| Q4 2025 | 27% | +3.8 points |
| Q3 2025 | 26% | +4.8 points |
| Q2 2025 | 22% | +5.6 points |
| Q1 2025 | 12% | -2.8 points |
| Q4 2024 | 23% | +20 points |
MRBK 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 has the edge over MRBK on cash flow, with more consistent year-over-year improvement.
MRBK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $12.4M | -48% |
| Q2 2026 | -$1.4M | +$11.3M |
| Q1 2026 | $2.6M | -85% |
| Q4 2025 | -$6.6M | -$5.5M |
| Q3 2025 | $24M | -27% |
| Q2 2025 | -$12.7M | +$6.6M |
| Q1 2025 | $17.9M | +$21.5M |
| Q4 2024 | -$1.1M | -115% |
MRBK's free cash flow was $7M over the past year, down 75% from the year before. Free cash flow isn't a meaningful measure for financial services companies like MRBK.
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 MRBK 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 |
MRBK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.4% | +48K shares |
| 1 year | +5.9% | +682K shares |
| 3 years | +7.6% | +859K shares |
| 5 years | -1.9% | -240K shares |
MRBK has 12M diluted shares, up 5.9% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | $1,000 |
| Q2 2023 | $1.6M |
| Q1 2023 | $2.7M |
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.
MRBK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2020 | 10.1x | High |
| Q4 2019 | 9.6x | High |
MRBK's net debt is about 10 years of its operating earnings (EBITDA). Net leverage isn't a meaningful measure for financial services companies like MRBK.
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).
MRBK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 32.4 | Neutral |
| Stochastic | 15.5 | Oversold |
MRBK's weekly RSI is 32 (neutral) and its Stochastic is 16 (oversold).
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.
MRBK PE vs Financial Services Sector
| Metric | MRBK | Sector median | Relative |
|---|---|---|---|
| PE | 9.8x | 13x | 25% below |
| PE % | 71 | 63 | 8 pts above |
MRBK is trading at 9.8x earnings, a 25% discount 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.
MRBK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $18.2 | 9.4% below |
| 20 week MA | $19.1 | 14% below |
| 50 week MA | $18.9 | 13% below |
| 100 week MA | $16.7 | 1% below |
| 200 week MA | $14.2 | 16% above |
MRBK has the edge over COIN on trend strength, trading above more of its moving averages.
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.
MRBK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $9.88 | $10.4 | +5.1% |
| 2021 | $10.4 | $17.7 | +70% |
| 2022 | $17.7 | $15.0 | -15% |
| 2023 | $15.0 | $13.9 | -7.5% |
| 2024 | $13.9 | $13.4 | -3.6% |
| 2025 | $13.4 | $17.6 | +31% |
| 2026 YTD | $17.6 | $16.5 | -6.3% |
MRBK has the edge over COIN on returns for 2026, with the stronger performance.