COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
PLGO
Pelagos Insurance Capital Limit
PLGO's fundamentals are strong: its operating margin went from −0.3% to 14% and it returned to profit. At 8.3x earnings, it's trading above its usual 6.8x. Analysts expect 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.
PLGO Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| N/A | |
| N/A |
PLGO's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like PLGO.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
PLGO PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 5.9x | $20.62 | -28% |
| Fair | 6.8x | $23.72 | -18% |
| Forward | 7.6x | $28.83 | — |
| Current | 8.3x | $28.83 | — |
| Expensive | 10x | $34.97 | +21% |
Historical ranges are pointers, not guarantees.
PLGO's PE is in its fair range at 8.3x. If earnings grow as analysts expect, today's price would be 7.6x 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.
PLGO Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Strong growth | |
| Weakening | |
| Limited | |
| Moderate |
Analysts expect earnings and revenue growth for PLGO, but weaker profitability.
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.
PLGO Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $3.77 | +8.3% |
| Q3 2026 | $3.48 | +$3.49 |
| Q2 2026 | $3.98 | +$4.35 |
| Q1 2026 | $3.64 | +$3.73 |
| Q4 2025 | $2.11 | +115% |
| Q4 2024 | $0.98 | -95% |
PLGO 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.
PLGO Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $800.9M | +23% |
| Q2 2026 | $650M | +10% |
| Q1 2026 | $610.6M | -7.3% |
| Q4 2025 | $600.9M | -11% |
| Q3 2025 | $651.9M | -5% |
| Q2 2025 | $589.3M | +9.1% |
| Q1 2025 | $658.4M | +27% |
| Q4 2024 | $673.8M | -81% |
PLGO has the edge over COIN on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 9.2% | -16 points |
| Q2 2026 | 8.1% | +4.4 points |
| Q1 2026 | 17% | +25 points |
| Q4 2025 | 24% | +45 points |
| Q3 2025 | 25% | +7.5 points |
| Q2 2025 | 3.8% | -7.9 points |
| Q1 2025 | -7.6% | -26 points |
| Q4 2024 | -21% | -78 points |
PLGO 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 PLGO on cash flow, with more consistent year-over-year improvement.
PLGO Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $133.7M | -14% |
| Q2 2026 | -$26.7M | +$332.6M |
| Q1 2026 | $273.6M | +$707M |
| Q4 2025 | $228.6M | +82% |
| Q3 2025 | $154.6M | -51% |
| Q2 2025 | -$359.3M | -274% |
| Q1 2025 | -$433.4M | -$397.8M |
| Q4 2024 | $125.4M | -74% |
PLGO's free cash flow was $609M over the past year, against −$513M the year before. Free cash flow isn't a meaningful measure for financial services companies like PLGO.
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 |
PLGO Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -2.5% | -2.1M shares |
| 1 year | -21% | -22M shares |
| 3 years | -29% | -33.5M shares |
PLGO has the edge over COIN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | $83M |
| Q2 2026 | $60.1M |
| Q1 2026 | $219.4M |
| Q4 2025 | $118.7M |
| Q3 2025 | $31.9M |
| Q2 2025 | $88.7M |
| Q1 2025 | $22.1M |
| Q4 2024 | — |
PLGO spent $481M buying back its own shares over the past year, about three 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 PLGO on leverage, with a lower net debt burden relative to earnings.
PLGO Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.7x | Very low |
| Q2 2026 | 0.6x | Very low |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -3.7x | Net Cash |
| Q1 2025 | -30.9x | Net Cash |
| Q4 2024 | -2.0x | Net Cash |
| Q4 2023 | -0.1x | Net Cash |
PLGO's net debt is less than a year of its operating earnings (EBITDA), after holding more cash than debt a year ago. Net leverage isn't a meaningful measure for financial services companies like PLGO.
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).
PLGO Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 74.5 | Overbought |
| Stochastic | 91.0 | Overbought |
PLGO's weekly RSI is 75 (overbought) and its Stochastic is 91 (overbought).
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.
PLGO PE vs Financial Services Sector
| Metric | PLGO | Sector median | Relative |
|---|---|---|---|
| PE | 8.3x | 13x | 36% below |
| PE % | 64 | 46 | 18 pts above |
PLGO is trading at 8.3x earnings, a 36% 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 |
PLGO has stronger trend alignment. COIN is above 0 of 5 weekly averages versus PLGO above 4 of 4.
PLGO Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $25.8 | 12% above |
| 20 week MA | $25.3 | 14% above |
| 50 week MA | $22.2 | 30% above |
| 100 week MA | $19.5 | 48% above |
PLGO is in an uptrend: it's above all four of its weekly moving averages, and 48% above its 100-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.
PLGO Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2023 | $13.7 | $12.7 | -7.3% |
| 2024 | $12.7 | $17.6 | +39% |
| 2025 | $17.6 | $19.5 | +11% |
| 2026 YTD | $19.5 | $28.8 | +48% |
PLGO has the edge over COIN on returns for 2026, with the stronger performance.