Coinbase Global, Inc.

NASDAQ•COIN

CEO: Mr. Brian Armstrong

セクター: Financial Services

業種: Financial - Data & Stock Exchanges

上場日: 2021-04-14

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions. It also provides technology and services that enable developers to build crypto products and securely accept crypto assets as payment. The company was founded in 2012 and is based in New York, New York.

連絡先情報

One Madison Avenue, Suite 2400, New York, NY, 10010, United States

302-636-5401

www.coinbase.com

時価総額

$52.73B

PER (TTM)

41.6

31.4

配当利回り

52週高値

$444.65

52週安値

$139.36

52週レンジ

18%

順位44Top 53.8%

3.7

F-Score

改良版 Piotroski 分析

6年ファンダメンタル

弱い • 3.7 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2020-2025

財務ダッシュボード

Q4 2025 データ

売上高

$1.03B+0.00%

直近4四半期の推移

EPS

-$2.49+0.00%

直近4四半期の推移

フリーCF

$3.07B+0.00%

直近4四半期の推移

2025 Annual 決算ハイライト

主なハイライト

Net Revenue Reached $6.9B Net Revenue reached $6.9B USD, up 9.5% from $6.3B USD last year, showing strong top-line growth.

Subscription Revenue Increased 23% Subscription and services revenue grew 23% to $2.8B USD, driven primarily by stablecoin revenue expansion.

User Base Grew 10% Average Monthly Transacting Users increased 10% to 9.2M, influenced by deeper USDC integration and rewards program participation.

Completed Deribit Acquisition Strategic acquisition of Deribit completed in August 2025, bolstering global derivatives platform goals and adding $2.8B goodwill.

リスク要因

Net Income Fell Sharply Net Income dropped 51% to $1.3B USD in 2025 compared to $2.6B USD in 2024, impacting profitability.

Assets on Platform Declined Assets on Platform decreased 7% to $376B USD, reflecting broad crypto asset price depreciation during the year.

Data Theft Incident Costs Paid $311.2M USD cash for voluntary customer reimbursements and direct legal costs related to the Data Theft Incident.

Crypto Asset Volatility Risk High volatility of crypto assets, especially Bitcoin and Ethereum, continues to significantly impact operating results and revenue generation.

見通し

Scaling Everything Exchange Focus remains on advancing the Everything Exchange vision, expanding offerings beyond spot crypto into stocks and futures.

Dynamic Expense Management Plan to dynamically adjust expense base, especially variable expenses, to respond to evolving market conditions and revenue opportunities.

Stablecoin Utility Expansion Scaling USDC adoption and utility, including extending usage for everyday spending via the Coinbase One Card product.

Increased Tax Reporting Scrutiny Tax information reporting obligations face further scrutiny due to implementation of U.S. and global broker reporting regimes.

同業比較

売上高 (TTM)

MFG

$55.71B

-8.2%

BMO

$55.34B

-4.0%

BNS

$51.25B

-5.9%

粗利益率 (最新四半期)

CME

85.4%

-1.6pp

AON

83.5%

+1.9pp

ICE

79.7%

+2.4pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
CME	$111.95B	27.7	14.5%	1.9%
BMO	$95.72B	14.5	10.5%	11.6%
MFG	$94.24B	14.5	9.7%	21.6%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

-20.2%

成長鈍化

4四半期純利益CAGR

N/M

収益構造の変化

キャッシュフロー安定性

50%

キャッシュフローに注意が必要

深度リサーチ

次回決算:2026年5月6日

EPS:-

売上高:-

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし