Coinbase Global, Inc. (COIN): one to watch?

Interesting but unresolved — a highly volatile crypto-proxy stock heading into a pivotal earnings report in 4 days; wait for that print.

👀 WATCH Fundamentals48/100

Down 62% from its all-time high of $419.78 — now $158.29

Why COIN dropped

Coinbase's revenue is tightly tied to crypto trading volumes, which have been weak all year — Coinbase reported a $394.1 million net loss in Q1 2026, compared with a profit a year earlier, as transaction revenue dropped to $756 million and total revenue fell to $1.43 billion from $2.03 billion. The stock has fallen further because crypto trading conditions weakened during the quarter, with industry spot volumes declining for a third consecutive quarter, and Bitcoin prices fell approximately 14% between April and June, while ether prices dropped roughly 25%. Management responded by cutting costs — the company disclosed a 14% headcount reduction, bringing total continuing employees to approximately 4,300 from 4,988 at the end of Q1 2026.

Fwd P/E 33.2Op margin -7.1%Rev growth -30.8%Debt/equity 59.1%Analyst upside 36.7%

How this scored 48/100

✅ Passes all 4 hard checks — profitable, cash-generative, and financially survivable.

✅ Makes money Net profit margin 12.7%

✅ Generates cash Free cash flow $2.4B

✅ Not drowning in debt Debt/equity 59.1% — exempt (banks run on leverage by design)

✅ Can pay its bills Exempt (financials)

Bar length shows how much each metric is worth — a 10-point metric is twice as wide as a 5-point one. Hover any row for what it means.

Profitability Does it actually make money? 6/25

Operating margin -7.1% 0/9

Net profit margin 12.7% 5/8

Return on equity 6.7% 1/8

Growth Is it getting bigger, or dying? 10/25

Revenue growth -30.8% 0/9

Earnings growth unknown 2/8

Expected profit change 75.4% 8/8

Value Is it cheap right now? 11/25

Forward P/E 33.2 2/10

PEG ratio 1.6 5/8

Analyst target upside 36.7% 4/7

Balance sheet Will it survive? 21/25

Debt / equity 59.1% 8/10

Current ratio 2.1 6/8

Free cash flow $2.4B 7/7

🔒 Read the full AI analysis

Create a free account to unlock the bull case and the risks for COIN — plus today's other picks.

Analysis generated by SmartStonks's AI from public fundamentals and news, first flagged 2026-07-26. Research only — not financial advice.