BlockBeats reported on May 19 that Forbes released an article today (Should You Buy COIN Stock At $260?). Despite Coinbase's stock price recently rising to around $260, with a weekly increase of over 25%, analysts still hold a positive outlook on the stock. Coinbase has replaced Discover Financial Services (which is currently being acquired by Capital One) as the first cryptocurrency trading platform stock to be included in the S&P 500 index.
Coinbase Global's revenue has grown at an average rate of 16.4% over the past three years (compared to a growth rate of 6.2% for the S&P 500 index during the same period). Over the past 12 months, its revenue increased by 111.2%, rising from $3.1 billion to $6.6 billion (with a growth rate of 5.3% for the S&P 500 index during the same period).
Coinbase Global's profit margins are significantly higher than most companies covered by Trefis. Over the past four quarters, Coinbase Global generated $2.3 billion in operating income, with an operating margin of up to 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 margin of up to 28.2% (compared to 15.7% for the S&P 500 index).
Coinbase Global's debt was $4.3 billion at the end of the most recent quarter, while its market capitalization was $68 billion (as of May 16, 2025). This implies a debt-to-equity ratio as high as 6.4% (compared to 21.5% for the S&P 500 index).