Coinbase Global Past Earnings Performance
Past criteria checks 2/6
Coinbase Global's earnings have been declining at an average annual rate of -23.4%, while the Capital Markets industry saw earnings growing at 13.3% annually. Revenues have been declining at an average rate of 22.5% per year. Coinbase Global's return on equity is 16.7%, and it has net margins of 35.7%.
Key information
-23.4%
Earnings growth rate
-24.3%
EPS growth rate
| Capital Markets Industry Growth | -21.0% |
| Revenue growth rate | -22.5% |
| Return on equity | 16.7% |
| Net Margin | 35.7% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses Breakdown
How Coinbase Global makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 3,778 | 1,349 | 1,447 | 1,324 |
| 31 Dec 23 | 2,927 | 95 | 1,371 | 1,324 |
| 30 Sep 23 | 2,627 | -736 | 1,405 | 1,587 |
| 30 Jun 23 | 2,580 | -1,278 | 1,489 | 1,820 |
| 31 Mar 23 | 2,720 | -2,274 | 1,757 | 2,109 |
| 31 Dec 22 | 3,149 | -2,625 | 2,057 | 2,322 |
| 30 Sep 22 | 5,041 | -1,213 | 2,138 | 2,196 |
| 30 Jun 22 | 5,777 | -266 | 2,071 | 1,996 |
| 31 Mar 22 | 7,202 | 2,579 | 1,896 | 1,678 |
| 31 Dec 21 | 7,837 | 3,097 | 1,526 | 1,291 |
| 30 Sep 21 | 5,925 | 2,309 | 1,145 | 922 |
| 30 Jun 21 | 4,928 | 1,924 | 879 | 640 |
| 31 Mar 21 | 2,887 | 218 | 506 | 409 |
| 31 Dec 20 | 1,275 | 108 | 336 | 272 |
| 30 Sep 20 | 816 | 31 | 276 | 233 |
| 30 Jun 20 | 627 | 4 | 256 | 212 |
| 31 Mar 20 | 576 | -47 | 259 | 192 |
| 31 Dec 19 | 523 | -30 | 256 | 185 |
Quality Earnings: COIN has high quality earnings.
Growing Profit Margin: COIN became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: COIN's earnings have declined by 23.4% per year over the past 5 years.
Accelerating Growth: COIN has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: COIN has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (9.3%).
Return on Equity
High ROE: COIN's Return on Equity (16.7%) is considered low.