COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
SLRC
SLR Investment Corp.
SLRC's fundamentals are mixed, but it looks expensive: trading at 11x earnings, in line with its usual 10x. 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.
SLRC Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| N/A | |
| N/A |
SLRC's revenue is currently healthy, and its profitability is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like SLRC.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
SLRC PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 8.6x | $9.12 | -21% |
| Forward | 8.9x | $11.61 | — |
| Fair | 10x | $10.85 | -6.5% |
| Current | 11x | $11.61 | — |
| Expensive | 19x | $20.31 | +75% |
Historical ranges are pointers, not guarantees.
SLRC's PE is in its fair range at 11x. On analysts' estimates for next year's earnings, today's price would be 8.9x, in its cheap range.
COIN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Moderate | |
| Low |
COIN has the edge over SLRC on the outlook, with more favorable earnings and revenue expectations.
SLRC Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Decline | |
| Decline | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect SLRC's earnings and revenue to decline, with profitability weakening.
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.
SLRC Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.30 | +23% |
| Q3 2026 | $1.06 | -36% |
| Q2 2026 | $1.35 | -17% |
| Q1 2026 | $1.64 | +1.2% |
| Q4 2025 | $1.70 | -3.4% |
| Q3 2025 | $1.66 | -6.2% |
| Q2 2025 | $1.63 | -12% |
| Q1 2025 | $1.62 | -9% |
| Q4 2024 | $1.76 | +26% |
SLRC 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% |
SLRC has the stronger quarterly revenue trend. Revenue is down 35% for COIN versus up 82% for SLRC.
| 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.
SLRC Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2023 | $25M | +82% |
| Q4 2022 | $37.2M | +111% |
| Q3 2022 | $28.2M | +24% |
| Q1 2022 | $13.8M | -56% |
| Q4 2021 | $17.6M | -36% |
| Q3 2021 | $22.7M | -16% |
| Q2 2021 | $27.9M | -55% |
| Q4 2020 | $27.4M | +219% |
SLRC's revenue is recovering but still below its 2020 peak: $25M last quarter, up 82% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q1 2023 | 27% | +17 points |
| Q4 2022 | 51% | +16 points |
| Q3 2022 | 48% | -11 points |
| Q1 2022 | 11% | -58 points |
| Q4 2021 | 35% | -32 points |
| Q3 2021 | 59% | -10 points |
| Q2 2021 | 67% | -20 points |
| Q1 2021 | 69% | N/A |
SLRC's operating margin was 27% last quarter, down 7.4 points from the same quarter a year ago.
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.
SLRC Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $140.4M | +78% |
| Q2 2026 | $24.6M | +$229.5M |
| Q1 2026 | $67.2M | -1.4% |
| Q4 2025 | -$14.3M | -109% |
| Q3 2025 | $79M | -42% |
| Q2 2025 | -$204.9M | -7099% |
| Q1 2025 | $68.1M | +828% |
| Q4 2024 | $162.1M | +324% |
SLRC's free cash flow was $218M over the past year, up 109% from the year before. Free cash flow isn't a meaningful measure for financial services companies like SLRC.
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 SLRC 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 |
SLRC Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -- |
| 1 year | 0% | -- |
| 3 years | 0% | -- |
| 5 years | +29% | +12.3M shares |
| Available history | +29% | +12.3M shares |
SLRC has 55M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q1 2023 | $10,000 |
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.
SLRC Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2023 | 28.3x | High |
| Q4 2022 | 35.9x | High |
| Q3 2022 | 159.5x | High |
| Q2 2022 | 116.9x | High |
| Q1 2022 | 5.6x | High |
| Q4 2021 | 8.2x | High |
| Q3 2021 | 3.5x | Elevated |
| Q2 2021 | 2.6x | Moderate |
SLRC's net debt is more than 20 years of its operating earnings (EBITDA), up from 5.6 years a year ago. Net leverage isn't a meaningful measure for financial services companies like SLRC.
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).
SLRC Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 37.2 | Neutral |
| Stochastic | 32.6 | Neutral |
SLRC's weekly RSI is 37 (neutral) and its Stochastic is 33 (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.
SLRC PE vs Financial Services Sector
| Metric | SLRC | Sector median | Relative |
|---|---|---|---|
| PE | 11x | 13x | 16% below |
| PE % | 63 | 63 | Same percentile |
SLRC is trading at 11x earnings, a 16% 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.
SLRC Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $11.5 | 0.7% above |
| 20 week MA | $12.2 | 4.8% below |
| 50 week MA | $13.6 | 15% below |
| 100 week MA | $14.9 | 22% below |
| 200 week MA | $15.0 | 23% below |
SLRC 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.
SLRC Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $20.7 | $17.1 | -17% |
| 2021 | $17.1 | $18.2 | +6.4% |
| 2022 | $18.2 | $14.1 | -23% |
| 2023 | $14.1 | $15.0 | +6.9% |
| 2024 | $15.0 | $16.3 | +8.4% |
| 2025 | $16.3 | $15.4 | -5.3% |
| 2026 YTD | $15.4 | $11.6 | -25% |
SLRC has the edge over COIN on returns for 2026, with the stronger performance.