COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
MSBI
Midland States Bancorp, Inc.
MSBI's fundamentals are mixed, but it looks expensive: trading at 14x earnings, above its usual 8.8x. Analysts expect strong earnings growth.
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.
MSBI Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| N/A | |
| N/A |
MSBI'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 MSBI.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
MSBI PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.7x | $15.25 | -52% |
| Fair | 8.8x | $20.08 | -37% |
| Forward | 9.1x | $31.72 | — |
| Current | 14x | $31.72 | — |
| Expensive | 16x | $36.37 | +15% |
Historical ranges are pointers, not guarantees.
MSBI's PE is in its expensive range at 14x. If earnings grow as analysts expect, today's price would be 9.1x next year's earnings, in its fair range.
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.
MSBI Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
MSBI 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% |
MSBI has the stronger earnings trend. Trailing diluted EPS is down 124% for COIN versus MSBI up 14%.
MSBI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.47 | +51% |
| Q3 2024 | $2.01 | -46% |
| Q2 2024 | $1.98 | -51% |
| Q1 2024 | $2.64 | -37% |
| Q4 2023 | $2.97 | -30% |
| Q3 2023 | $3.73 | -5.6% |
| Q2 2023 | $4.06 | +7.7% |
| Q1 2023 | $4.17 | +13% |
| Q4 2022 | $4.23 | +18% |
MSBI's earnings per share have fallen from their peak: $2.29 over the past year, against $4.23 in late 2022.
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.
MSBI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $86M | +5.9% |
| Q2 2026 | $83.4M | +1.4% |
| Q1 2026 | $79.5M | +4.6% |
| Q4 2025 | $85.6M | -8.9% |
| Q3 2025 | $81.1M | +9.2% |
| Q2 2025 | $82.2M | +13% |
| Q1 2025 | $76.1M | -1.4% |
| Q4 2024 | $93.9M | +31% |
MSBI has the edge over COIN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 34% | +20 points |
| Q2 2026 | 31% | +13 points |
| Q1 2026 | 30% | +212 points |
| Q4 2025 | -3.8% | +38 points |
| Q3 2025 | 14% | -16 points |
| Q2 2025 | 18% | +6.5 points |
| Q1 2025 | -181% | -205 points |
| Q4 2024 | -41% | -70 points |
MSBI 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 MSBI on cash flow, with more consistent year-over-year improvement.
MSBI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $37.9M | -52% |
| Q2 2026 | $29.2M | +9.5% |
| Q1 2026 | $16.3M | -28% |
| Q4 2025 | -$7.8M | -115% |
| Q3 2025 | $78.6M | +153% |
| Q2 2025 | $26.7M | +61% |
| Q1 2025 | $22.9M | -13% |
| Q4 2024 | $52.8M | -38% |
MSBI's free cash flow was $76M over the past year, down 58% from the year before. Free cash flow isn't a meaningful measure for financial services companies like MSBI.
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 288M diluted shares, down 1.4% from a year ago.
| 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 |
MSBI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +65.5K shares |
| 1 year | -3.3% | -724K shares |
| 3 years | -3.8% | -837K shares |
| 5 years | -6.4% | -1.4M shares |
| Available history | -14% | -3.4M shares |
MSBI has the edge over COIN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $11,000 |
| Q2 2026 | $2.7M |
| Q1 2026 | $7.9M |
| Q4 2025 | $9.7M |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $29,000 |
MSBI spent $20M buying back its own shares over the past year, more than ten times what it spent the year before.
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 MSBI on leverage, with a lower net debt burden relative to earnings.
MSBI Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 5.2x | High |
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | 5.6x | High |
| Q4 2024 | 16.1x | High |
| Q3 2024 | 5.1x | High |
| Q2 2024 | 6.7x | High |
| Q1 2024 | 3.7x | Elevated |
| Q4 2023 | 4.0x | High |
MSBI's net debt is about 5.2 years of its operating earnings (EBITDA), about the same as a year ago. Net leverage isn't a meaningful measure for financial services companies like MSBI.
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).
MSBI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.6 | Neutral |
| Stochastic | 23.0 | Neutral |
MSBI's weekly RSI is 56 (neutral) and its Stochastic is 23 (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.
MSBI PE vs Financial Services Sector
| Metric | MSBI | Sector median | Relative |
|---|---|---|---|
| PE | 14x | 13x | 6.4% above |
| PE % | 79 | 63 | 16 pts above |
MSBI is trading at 14x earnings, in line with 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.
MSBI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $32.5 | 2.4% below |
| 20 week MA | $32.6 | 2.6% below |
| 50 week MA | $27.5 | 15% above |
| 100 week MA | $22.8 | 39% above |
| 200 week MA | $23.0 | 38% above |
MSBI 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.
MSBI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $29.0 | $17.5 | -40% |
| 2021 | $17.5 | $25.0 | +43% |
| 2022 | $25.0 | $26.5 | +6.2% |
| 2023 | $26.5 | $27.6 | +3.9% |
| 2024 | $27.6 | $24.4 | -11% |
| 2025 | $24.4 | $21.2 | -13% |
| 2026 YTD | $21.2 | $31.7 | +50% |
MSBI has the edge over COIN on returns for 2026, with the stronger performance.