# Coinbase Global, Inc. (COIN) · Edgar & Edgarette company card

> Coinbase Global (COIN) grew revenue 9.4% in FY2025 to $7.2 billion, operating margin 20.0% against a -6.4% median for finance services, equity 49.9% of assets. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1679788 · fiscal year ended 2025-12-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/COIN) · [JSON](https://www.pops4.com/boards/company/COIN.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $7.2B |
| Revenue growth, 1 year | 9.4% |
| Revenue growth per year | -2.2% |
| Operating margin | 20.0% (prior year 35.1%) |
| Net margin | 17.6% |
| Operating cash flow | $2.4B |
| Capital spending | — |
| Free cash flow | — |
| Cash | $11.3B |
| Long-term debt | $7.2B |
| Total assets | $29.7B |
| Total equity | $14.8B |
| Equity ÷ assets | 49.9% |
| Return on equity | 8.5% |
| Dividend per share | — |
| Dividend years rising | — |

## Readings, computed from those figures

- Piotroski F: 4 of 9 (middling)
- Health Harbor boat: Weathered boat · two warning signs · filed restructuring or exit costs in the last 12 months; revenue is hard to predict: its 80% range is ±63%
- Cash Compass: Cash cow later · growing fast, and already turning revenue into cash

## Edgarette's reading

Exposure: revenue $7.2B (FY2025), total debt $7.2B. Experience: revenue up 9.4% on the year, down 2.2% a year over 4 years; operating margin 20.0%, down from 35.1%. Soundness: equity 49.9% of assets, return on equity 8.5%. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $4.1B and $17.6B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $2.4B to $30.0B. A statistical range, not company guidance. Against peers (36 filers, $50M+ revenue, finance services): operating margin 20.0% against a -6.4% median; growth 9.4% against 16.8%.

Range logged 2026-09-24, receipt 68902b775f3176a9, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

- Item 2.05 Restructuring or exit costs: 1, latest 2026-05-05 ([filing](https://www.sec.gov/Archives/edgar/data/1679788/000167978826000049/0001679788-26-000049-index.htm))
- Item 5.02 Director or officer change: 5, latest 2026-10-02 ([filing](https://www.sec.gov/Archives/edgar/data/1679788/000167978826000113/0001679788-26-000113-index.htm))

## Recent filings

- 10-Q · filed 2026-10-29 · [filing](https://www.sec.gov/Archives/edgar/data/1679788/000167978826000122/0001679788-26-000122-index.htm)
- 8-K · filed 2026-10-29 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1679788/000167978826000121/0001679788-26-000121-index.htm)
- 8-K · filed 2026-10-02 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1679788/000167978826000113/0001679788-26-000113-index.htm)
- 8-K · filed 2026-09-02 · 5.02 Departure or Election of Directors; Appointment of Officers · [filing](https://www.sec.gov/Archives/edgar/data/1679788/000167978826000101/0001679788-26-000101-index.htm)
- 10-Q · filed 2026-07-30 · [filing](https://www.sec.gov/Archives/edgar/data/1679788/000167978826000088/0001679788-26-000088-index.htm)
- 8-K · filed 2026-07-30 · 2.02 Results of Operations and Financial Condition; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1679788/000167978826000087/0001679788-26-000087-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001679788.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1679788

## Cite

POPS4, Edgar & Edgarette: Coinbase Global, Inc. (COIN) company card, from the company's own SEC filings, accessed 2026-11-04, https://www.pops4.com/boards/company/COIN. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.