Coinbase Global (COIN)

CB Payments, Ltd • Coinbase Asset Management, LLC • Coinbase, Inc. • Coinbase Credit, Inc. • Coinbase Custody International Limited • Coinbase Custody Trust Company, LLC • Coinbase Derivatives, LLC • Coinbase Europe Limited • Coinbase Financial Markets, Inc. • Coinbase Ireland Limited ...

IRS number

464707224

COIN stock data

1M 3M 6M 1Y

Analyst ratings and price targets

Last 3 months

Average target

$308.00

Low target

$258.00

High target

$340.00

Latest filings (excl ownership)

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Information statement

24 Nov 25

PRE 14C

Preliminary information

30 Oct 25

Q3 was a strong quarter for Coinbase. We drove solid financial results, maintained focus on shipping

Prospectus with selling stockholder info

15 Aug 25

8-K

Entry into a Material Definitive Agreement

8 Aug 25

8-K

Coinbase Announces Pricing of Upsized Offering of $2.6 Billion of Convertible Senior Notes

5 Aug 25

8-K

Coinbase Announces Proposed Private Offering of $2.0 Billion of Convertible Senior Notes

5 Aug 25

Transcripts

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COIN

Earnings call transcript

2025 Q3

30 Oct 25

COIN

Earnings call transcript

2025 Q2

31 Jul 25

COIN

Earnings call transcript

2025 Q1

8 May 25

COIN

Earnings call transcript

2024 Q4

13 Feb 25

COIN

Earnings call transcript

2024 Q3

30 Oct 24

COIN

Earnings call transcript

2024 Q2

1 Aug 24

COIN

Earnings call transcript

2024 Q1

2 May 24

COIN

Earnings call transcript

2023 Q4

15 Feb 24

COIN

Earnings call transcript

2023 Q3

2 Nov 23

COIN

Earnings call transcript

2023 Q2

3 Aug 23

Latest ownership filings

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Frederick Ernest Ehrsam III

Notice of proposed sale of securities

5 Jan 26

144

Notice of proposed sale of securities

5 Jan 26

144

Notice of proposed sale of securities

Notice of proposed sale of securities

22 Dec 25

Frederick Ernest Ehrsam III

22 Dec 25

Financial summary

Financial statements Chart COIN financial data

Quarter (USD)	Sep 25	Jun 25	Mar 25	Dec 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	14.31 bn	14.31 bn	14.31 bn	14.31 bn	14.31 bn	14.31 bn
Cash burn (monthly)	(no burn)	(no burn)	(no burn)	(no burn)	261.51 mm	(no burn)
Cash used (since last report)	n/a	n/a	n/a	n/a	910.90 mm	n/a
Cash remaining	n/a	n/a	n/a	n/a	13.39 bn	n/a
Runway (months of cash)	n/a	n/a	n/a	n/a	51.2	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

COIN institutional ownership history Ownership history

57.4% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	1014	868	+16.8%
Opened positions	269	105	+156.2%
Closed positions	123	153	-19.6%
Increased positions	361	320	+12.8%
Reduced positions	256	262	-2.3%

13F shares	Current	Prev Q	Change
Total value	28.61 tn	18.33 tn	+56.1%
Total shares	146.93 mm	136.53 mm	+7.6%
Total puts	36.63 mm	26.18 mm	+39.9%
Total calls	38.39 mm	23.01 mm	+66.9%
Total put/call ratio	1.0	1.1	-16.2%

Largest owners	Shares	Value	Change
Brian Armstrong	24.23 mm	$7.30 bn	-5.6%
Vanguard	18.42 mm	$4.57 tn	+0.7%
BlackRock	12.34 mm	$3.06 tn	+8.9%
FMR	7.77 mm	$1.93 tn	+15.2%
Jane Street	6.57 mm	$1.63 tn	+112.1%
STT State Street	4.40 mm	$1.09 tn	+2.2%
Paradigm Operations	4.13 mm	$1.02 tn	-8.6%
Geode Capital Management	3.55 mm	$882.82 bn	+3.7%
ARK Investment Management	3.03 mm	$753.50 bn	-6.4%
CMTDF Sumitomo Mitsui Trust	2.85 mm	$708.75 bn	-10.8%

Largest transactions	Shares	Bought/sold	Change
Jane Street	6.57 mm	+3.47 mm	+112.1%
Norges Bank	2.16 mm	+2.16 mm	NEW
a16z Perennial Management	1.64 mm	+1.64 mm	NEW
Brian Armstrong	24.23 mm	-1.43 mm	-5.6%
TD The Toronto-Dominion Bank	1.44 mm	+1.40 mm	+4596.4%
Cowen And	0.00	-1.28 mm	EXIT
Sozo Ventures GP II	0.00	-1.09 mm	EXIT
Susquehanna International	974.28 k	-1.07 mm	-52.4%
FMR	7.77 mm	+1.02 mm	+15.2%
BlackRock	12.34 mm	+1.01 mm	+8.9%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

COIN insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Jan 26	Emilie Choi	RSU Class A Common Stock	Grant	Acquire A	No	No	0	160,793	0.00	160,793
10 Jan 26	Emilie Choi	RSU Class A Common Stock	Grant	Acquire A	No	No	0	160,793	0.00	160,793
10 Jan 26	Emilie Choi	RSU Class A Common Stock	Grant	Acquire A	No	No	0	321,588	0.00	321,588
5 Jan 26	Frederick Ernest Ehrsam III	Class A Common Stock	Sell	Dispose S	Yes	Yes	250.0333	1,375	343.80 k	0
5 Jan 26	Frederick Ernest Ehrsam III	Class A Common Stock	Conversion	Acquire C	Yes	No	0	1,375	0.00	1,375
5 Jan 26	Frederick Ernest Ehrsam III	Class B Common Stock Class A Common Stock	Conversion	Dispose C	Yes	No	0	0	0.00	5,515,973
5 Jan 26	Brian Armstrong	Class A Common Stock	Sell	Dispose S	No	Yes	250.0099	287	71.75 k	0
5 Jan 26	Brian Armstrong	Class A Common Stock	Sell	Dispose S	No	Yes	249.4128	18,923	4.72 mm	287
5 Jan 26	Brian Armstrong	Class A Common Stock	Sell	Dispose S	No	Yes	248.527	20,790	5.17 mm	19,210
5 Jan 26	Brian Armstrong	Class A Common Stock	Option exercise	Acquire M	No	Yes	18.71	40,000	748.40 k	40,000