COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
TONX
TON Strategy Co.
There isn't enough reported data to score TONX 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.
TONX Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Under pressure | |
| N/A | |
| N/A |
TONX's revenue is currently healthy, but its profitability is under pressure. Free cash flow and net leverage aren't meaningful measures for financial services companies like TONX.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
TONX PE Valuation
TONX 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.
TONX Forward outlook
There aren't enough analyst estimates for TONX to show an outlook.
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.
TONX Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | -$1.91 | +$21.62 |
| Q1 2026 | -$5.01 | +$20.73 |
| Q4 2025 | -$5.96 | +$39.27 |
| Q3 2023 | -$2,144.00 | +$256.00 |
| Q2 2023 | -$2,648.00 | +$232.00 |
| Q1 2023 | -$2,718.00 | +$1,122.00 |
| Q4 2022 | -$3,120.00 | +$1,280.00 |
| Q3 2022 | -$2,400.00 | +$3,760.00 |
TONX has the edge over COIN on earnings, with more consistent year-over-year improvement.
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 has the edge over TONX on profitability, with a higher operating margin.
TONX Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $15M | +607% |
| Q1 2026 | $5.3M | +303% |
| Q4 2025 | $5.7M | +694% |
| Q3 2025 | $3.6M | +2720% |
| Q2 2025 | $2.1M | +5638% |
| Q1 2023 | $2.2M | -18% |
| Q4 2022 | $2.2M | -20% |
| Q3 2022 | $2.2M | -25% |
TONX has the edge over COIN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 3.2% | +141 points |
| Q1 2026 | -74% | +130 points |
| Q4 2025 | -159% | +354 points |
| Q3 2025 | -602% | +1205 points |
| Q2 2025 | -138% | +6362 points |
| Q1 2025 | -204% | N/A |
| Q4 2024 | -513% | N/A |
| Q3 2024 | -1806% | N/A |
TONX's operating margin was 3.2% last quarter, up 141 points from the same quarter a year ago, near the top of its range since 2019.
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 TONX on cash generation, producing positive trailing cash flow while its opponent burns cash.
TONX Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | -$5.9M | -$3.7M |
| Q1 2026 | -$4.7M | -$3.6M |
| Q4 2025 | -$8M | -$6M |
| Q3 2025 | -$9.4M | -$7.7M |
| Q2 2025 | -$2.3M | +$807K |
| Q1 2025 | -$1.1M | +$1.1M |
| Q4 2024 | -$2M | +$109K |
| Q3 2024 | -$1.8M | +$195K |
TONX's free cash flow was −$28M over the past year, against −$7M the year before. Free cash flow isn't a meaningful measure for financial services companies like TONX.
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 TONX 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 |
TONX Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.8% | +466K shares |
| 1 year | +5654% | +57.7M shares |
| 3 years | +484055% | +58.7M shares |
| 5 years | +2027360% | +58.7M shares |
TONX has 59M diluted shares, up 5654% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2025 | $6.3M |
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.
TONX Net Leverage
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).
TONX Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 55.1 | Neutral |
| Stochastic | 36.8 | Neutral |
TONX's weekly RSI is 55 (neutral) and its Stochastic is 37 (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.
TONX PE vs Financial Services Sector
TONX 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.
TONX Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $3.18 | 15% above |
| 20 week MA | $3.14 | 16% above |
| 50 week MA | $2.89 | 26% above |
| 100 week MA | $4.98 | 27% below |
| 200 week MA | $121.8 | 97% below |
TONX 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.
TONX Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $10,560.0 | $15,680.0 | +48% |
| 2021 | $15,680.0 | $11,280.0 | -28% |
| 2022 | $11,280.0 | $928.0 | -92% |
| 2023 | $928.0 | $34.4 | -96% |
| 2024 | $34.4 | $6.60 | -81% |
| 2025 | $6.60 | $2.19 | -67% |
| 2026 YTD | $2.19 | $3.65 | +67% |
TONX has the edge over COIN on returns for 2026, with the stronger performance.