BlockBeats News, May 19th, Forbes today published an article titled "Should You Buy COIN Stock At $260?". Despite Coinbase's stock price recently rising to around $260, with a weekly gain of over 25%, analysts remain positive about the stock. Coinbase has replaced Discover Financial Services (currently being acquired by Capital One) as the first cryptocurrency exchange platform stock to be included in the S&P 500 Index.
Coinbase Global's revenue has averaged a 16.4% growth over the past 3 years (compared to the S&P 500 Index growth rate of 6.2%). In the last 12 months, its revenue has grown by 111.2%, from $31 billion to $66 billion (compared to the S&P 500 Index growth rate of 5.3%).
Coinbase Global's profit margin is much higher than most companies covered by Trefis. Coinbase Global had $23 billion in operating revenue over the past four quarters, with an operating profit margin of 33.1% (compared to the S&P 500 Index at 13.1%); Coinbase Global's operating cash flow (OCF) during this period was $20 billion, with an OCF profit margin of 28.2% (compared to the S&P 500 Index at 15.7%).
Coinbase Global's debt was $43 billion at the end of the most recent quarter, while its market capitalization was $680 billion (as of May 16, 2025). This means its debt-to-equity ratio is as high as 6.4% (while the S&P 500 Index is at 21.5%).
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