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Coinbase Global, Inc. (COIN) reported mixed Q4 2025 financial results, with revenue of $1.78 billion falling short of analyst expectations of $1.84 billion and marking a year-over-year decline of $491 million. Earnings per share (EPS) for the quarter were $0.66, missing estimates of $1.05 by 37.14%. However, the company achieved a 9% year-over-year increase in total revenue for the fiscal year, reaching $7.2 billion. Despite challenges from a declining cryptocurrency market, Coinbase's market share and trading volume doubled over the past year, reflecting growth in its core business. Operational setbacks, such as a brief trading outage and a poorly received $14 million Super Bowl advertisement, added to the headwinds. Analysts have lowered the average 12-month price target by 11.74% to $322.33, though many maintain "Buy" or "Overweight" ratings due to the company's strong market position and long-term growth potential. Coinbase's diversification efforts, including expansion into stablecoins, staking, payments, prediction markets, and the Base blockchain, have strengthened its earnings base and resilience. Analysts view these initiatives, along with the launch of the Coinbase Tokenize product and plans to offer stock and ETF trading, as key drivers of future growth. The company aims to position itself as an "everything exchange," broadening its total addressable market and generating significant cash flow. While near-term challenges persist, analysts remain optimistic about Coinbase's strategic innovation and ability to navigate cryptocurrency market cycles, with its evolving business model seen as more durable and diversified.
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About COIN

Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users ... Read more

Ways to trade options* on COIN

Bearish Option Strategy: Long Puts

Traders buy a single put option on a stock or ETF. This strategy can benefit from a price drop while risking more capital than a spread.

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