On May 19, Forbes published an article titled 'Should You Buy COIN Stock At $260?', and despite Coinbase's recent stock price rise to around $260, with a weekly increase of over 25%, analysts remain optimistic about the stock. Coinbase has become the first cryptocurrency trading platform stock to be included in the S&P 500 index, replacing Discover Financial Services (currently being acquired by Capital One).
Coinbase Global's revenue has grown by an average of 16.4% over the past 3 years (compared to 6.2% for the S&P 500 index during the same period). Over the past 12 months, its revenue grew by 111.2%, increasing from $3.1 billion to $6.6 billion (compared to a 5.3% growth for the S&P 500 index during the same period).
Coinbase Global's profit margin is far higher than most companies covered by Trefis. Coinbase Global's operating revenue for the past four quarters was $2.3 billion, with an operating profit margin of 33.1% (compared to 13.1% for the S&P 500 index); During this period, Coinbase Global's operating cash flow (OCF) was $2 billion, with an OCF profit margin of 28.2% (compared to 15.7% for the S&P 500 index).
Coinbase Global's debt at the end of the most recent quarter was $4.3 billion, while its market capitalization was $68 billion (as of May 16, 2025). This means its debt-to-equity ratio is as high as 6.4% (compared to 21.5% for the S&P 500 index).
