COIN
Coinbase Global, Inc.
There isn't enough reported data to score COIN yet.
WSBF
Waterstone Financial, Inc.
WSBF's fundamentals are strong, but it looks expensive: trading at 12x earnings, right at its usual valuation. 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.
WSBF Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
WSBF's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like WSBF.
COIN PE Valuation
COIN has no meaningful PE right now: it lost money over the past year.
WSBF PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 6.7x | $11.46 | -43% |
| Forward | 10x | $20.14 | — |
| Fair | 12x | $20.71 | +2.8% |
| Current | 12x | $20.14 | — |
| Expensive | 21x | $35.11 | +74% |
Historical ranges are pointers, not guarantees.
WSBF's PE is in its fair range at 12x. On analysts' estimates for next year's earnings, today's price would be 10x.
COIN Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Stable | |
| Strongly improving | |
| Moderate | |
| Low |
COIN has the edge over WSBF on the outlook, with more favorable earnings and profitability expectations.
WSBF Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Decline | |
| Stable | |
| Strongly weakening | |
| Limited | |
| High |
Analysts expect WSBF's earnings and profitability to decline, with its revenue holding steady.
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.
WSBF Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.01 | +18% |
| Q2 2026 | $1.71 | +50% |
| Q1 2026 | $1.65 | +62% |
| Q4 2025 | $1.48 | +47% |
| Q3 2025 | $1.33 | +82% |
| Q2 2025 | $1.14 | +81% |
| Q1 2025 | $1.02 | +96% |
| Q4 2024 | $1.01 | +120% |
| Q3 2024 | $0.73 | +43% |
WSBF 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.
WSBF Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $40.3M | +5.8% |
| Q1 2026 | $35.7M | +20% |
| Q4 2025 | $37.2M | +17% |
| Q3 2025 | $37M | +8.7% |
| Q2 2025 | $38M | +2.3% |
| Q1 2025 | $29.7M | -8.4% |
| Q4 2024 | $31.8M | +11% |
| Q3 2024 | $34.1M | -0.4% |
WSBF has the edge over COIN on sales, with more consistent year-over-year improvement.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 26% | +1 points |
| Q1 2026 | 21% | +8.1 points |
| Q4 2025 | 27% | +7.6 points |
| Q3 2025 | 27% | +9.3 points |
| Q2 2025 | 25% | +6.2 points |
| Q1 2025 | 13% | -1.6 points |
| Q4 2024 | 19% | +22 points |
| Q3 2024 | 17% | +6.3 points |
WSBF 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'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.
WSBF Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $9.4M | +$47.9M |
| Q1 2026 | -$1.6M | -106% |
| Q4 2025 | $2.6M | -89% |
| Q3 2025 | $32.4M | -56% |
| Q2 2025 | -$38.5M | +$1.2M |
| Q1 2025 | $26.5M | +$36.8M |
| Q4 2024 | $23.1M | +$24.5M |
| Q3 2024 | $73.9M | +65% |
WSBF has the edge over COIN on cash flow, with more consistent year-over-year improvement.
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 |
WSBF Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.4% | -246K shares |
| 1 year | -4.6% | -820K shares |
| 3 years | -16% | -3.2M shares |
| 5 years | -28% | -6.8M shares |
| Available history | -34% | -8.8M shares |
WSBF has the edge over COIN on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $3.7M |
| Q1 2026 | $4.4M |
| Q4 2025 | $2.7M |
| Q3 2025 | $3.8M |
| Q2 2025 | $6.5M |
| Q1 2025 | $3.2M |
| Q4 2024 | $2.8M |
| Q3 2024 | $999,000 |
WSBF spent $15M buying back its own shares over the past year, up 8.6% from 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 WSBF on leverage, with a lower net debt burden relative to earnings.
WSBF Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | 9.2x | High |
| Q1 2026 | 9.4x | High |
| Q4 2025 | 9.7x | High |
| Q3 2025 | 13.1x | High |
| Q2 2025 | 14.2x | High |
| Q1 2025 | 13.9x | High |
| Q4 2024 | 15.5x | High |
| Q3 2024 | 32.9x | High |
WSBF's net debt is about 9.2 years of its operating earnings (EBITDA), down from 14 years a year ago. Net leverage isn't a meaningful measure for financial services companies like WSBF.
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).
WSBF Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.1 | Neutral |
| Stochastic | 26.1 | Neutral |
WSBF's weekly RSI is 54 (neutral) and its Stochastic is 26 (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.
WSBF PE vs Financial Services Sector
| Metric | WSBF | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 9.5% below |
| PE % | 44 | 63 | 19 pts below |
WSBF is trading at 12x 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.
WSBF Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $19.9 | 1.2% above |
| 20 week MA | $20.4 | 1.1% below |
| 50 week MA | $18.9 | 6.4% above |
| 100 week MA | $16.4 | 23% above |
| 200 week MA | $15.0 | 34% above |
WSBF 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.
WSBF Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $19.2 | $18.6 | -3.1% |
| 2021 | $18.6 | $21.7 | +16% |
| 2022 | $21.7 | $16.9 | -22% |
| 2023 | $16.9 | $14.2 | -16% |
| 2024 | $14.2 | $13.4 | -5.5% |
| 2025 | $13.4 | $16.4 | +22% |
| 2026 YTD | $16.4 | $20.1 | +23% |
WSBF has the edge over COIN on returns for 2026, with the stronger performance.