COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
SAR
Saratoga Investment Corp.
There isn't enough reported data to score SAR yet.
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.
SAR Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Stable | |
| N/A | |
| N/A |
SAR's profitability is currently stable, but its revenue is weak. Free cash flow and net leverage aren't meaningful measures for financial services companies like SAR.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
SAR PE Valuation
SAR has no meaningful PE right now: it lost money over the past year.
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.
SAR Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Decline | |
| Growth | |
| Strongly weakening | |
| Limited | |
| Low |
Analysts expect SAR's revenue to grow, but its earnings and profitability to decline. However, they disagree widely on these estimates.
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.
SAR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.02 | — |
| Q3 2026 | -$0.27 | -112% |
| Q2 2026 | $0.98 | -60% |
| Q1 2026 | $2.31 | +14% |
| Q4 2025 | $2.42 | -2.4% |
| Q3 2025 | $2.32 | +52% |
| Q2 2025 | $2.45 | +102% |
| Q1 2025 | $2.02 | +185% |
| Q4 2022 | $1.17 | -72% |
SAR has the edge over COIN on earnings, with stronger typical year-over-year growth.
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 has the stronger quarterly revenue trend. Revenue is down 35% for COIN versus down 35% for SAR.
| 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.
SAR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2022 | $11.8M | -35% |
| Q2 2022 | $7.6M | -72% |
| Q1 2022 | $16.6M | +0.8% |
| Q4 2021 | $15M | -4% |
| Q3 2021 | $18.3M | -31% |
| Q1 2021 | $16.5M | -50% |
SAR's revenue has slid since its 2020 peak: $12M last quarter, down 35% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2022 | 9.1% | -44 points |
| Q2 2022 | -17% | -94 points |
| Q1 2022 | 55% | -8 points |
| Q4 2021 | 55% | -12 points |
| Q3 2021 | 53% | -29 points |
| Q2 2021 | 77% | N/A |
| Q1 2021 | 63% | N/A |
| Q4 2020 | 67% | -15 points |
SAR's operating margin was 9.1% last quarter, down 44 points from the same quarter a year ago, near the bottom of its range since 2020.
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 SAR on cash generation, producing positive trailing cash flow while its opponent burns cash.
SAR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$27.8M | -$8.5M |
| Q2 2026 | -$26M | -180% |
| Q1 2026 | -$92.4M | -$72.5M |
| Q4 2025 | -$8.6M | -109% |
| Q3 2025 | -$19.3M | -127% |
| Q2 2025 | $32.3M | -38% |
| Q1 2025 | -$19.9M | +$741.4K |
| Q4 2024 | $94.2M | +$112.7M |
SAR's free cash flow was −$155M over the past year, against $87M the year before. Free cash flow isn't a meaningful measure for financial services companies like SAR.
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 SAR 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 |
SAR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.6% | -97.3K shares |
| 1 year | +2.4% | +380K shares |
| 3 years | +33% | +4M shares |
| 5 years | +45% | +5M shares |
| Available history | +44% | +5M shares |
SAR has 16M diluted shares, up 2.4% from a year ago.
| Quarter | Spent |
|---|---|
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | $2.2M |
| Q1 2023 | $1.2M |
| Q4 2022 | $2.2M |
| Q3 2022 | $3.7M |
| Q2 2022 | $3.7M |
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.
SAR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2022 | 35.8x | High |
| Q2 2022 | 20.9x | High |
| Q1 2022 | 9.3x | High |
| Q4 2021 | 6.6x | High |
| Q3 2021 | 6.6x | High |
| Q2 2021 | 5.8x | High |
| Q1 2020 | 3.2x | Elevated |
SAR's net debt is more than 20 years of its operating earnings (EBITDA), up from 6.6 years a year ago. Net leverage isn't a meaningful measure for financial services companies like SAR.
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).
SAR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 19.3 | Oversold |
| Stochastic | 3.6 | Oversold |
SAR's weekly RSI is 19 (oversold) and its Stochastic is 4 (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.
SAR PE vs Financial Services Sector
| Metric | SAR | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 13x | 29% above |
| PE % | 77 | 63 | 14 pts above |
SAR has no meaningful PE right now: it lost money over the past year.
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.
SAR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $14.5 | 19% below |
| 20 week MA | $17.1 | 32% below |
| 50 week MA | $20.5 | 43% below |
| 100 week MA | $22.4 | 48% below |
| 200 week MA | $23.5 | 50% below |
SAR is in a downtrend: it's below all five of its weekly moving averages, and 50% 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 has the edge over SAR on returns for 2026, with the stronger performance.
SAR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $25.0 | $20.7 | -17% |
| 2021 | $20.7 | $29.3 | +42% |
| 2022 | $29.3 | $25.6 | -13% |
| 2023 | $25.6 | $25.9 | +1.1% |
| 2024 | $25.9 | $23.8 | -8.1% |
| 2025 | $23.8 | $23.2 | -2.5% |
| 2026 YTD | $23.2 | $11.7 | -50% |
SAR has finished lower in four of the last six years. It's down 50% so far in 2026.