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Company Dossier · Financials

Coinbase

COINNasdaqFinancial Exchanges & DataDallas, US-TX, USLarge capWebsite ↗
  • S&P 500
  • Russell 1000

What Coinbase is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.

Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →

The latest read

Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.

  • Revenue over the four quarters to June 30, 2026: $6.28 billion, down 10% from a year earlier.SEC EDGAR filings (XBRL)
  • Free cash flow (operating cash flow minus capital expenditure) over the four quarters to September 30, 2022: −$4.54 billion.SEC EDGAR filings (XBRL)
  • Capital expenditure over the four quarters to September 30, 2022: $0.01 billion.SEC EDGAR filings (XBRL)
  • Share buybacks in the fiscal year to December 31, 2025: $0.79 billion.SEC EDGAR filings (10-K)
  • Latest earnings call or results release (July 30, 2026): sentiment 0.40 on a −1 to +1 scale (mixed), confidence 0.70 of 1.Palanor Discourse
  • Latest annual report (filed February 12, 2026): 1 risk factor added, 2 removed.Risk Factor Changes (10-K Item 1A)
  • Insiders were net sellers in Q3 2026: $20.7 million on the open market.SEC Form 4
  • 1,122 institutional managers reported a position at June 30, 2026 (−61 on the quarter before).SEC Form 13F
  • H-1B filings certified in Q2 2026: 62 (89 a year earlier).U.S. Department of Labor (OFLC)
  • Headlines in the last 30 days: 8, of which 1 read positive and 0 negative.Palanor headline tone

Company Posture

How Company Posture is measured →

What Coinbase is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.

Expanding ↔ Retrenching

Withheld: 50% of the evidence is readable at this date (needs 60%).

Confident ↔ Hedging

Mixed

HedgingConfident

Pressure

Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).

Credit

How these are built →

No bond term sheets or tagged debt on file for Coinbase yet.

Charts

Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.

Cash flow

Business

Coinbase: free cash flow, trailing twelve months

Operating cash flow minus capital expenditure, $ billions, from SEC filings

−$4.5BData to Sep 2022
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Coinbase: operating cash flow and capital expenditure

Trailing twelve months, $ billions, from SEC filings

Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Coinbase: revenue, trailing twelve months

$ billions, from SEC filings

$6.3BData to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

Capital returned and raised

Business

Coinbase: share buybacks by fiscal year

Cash paid to repurchase common stock, $ billions, from the 10-K

$0.79BData to Dec 2025
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Coinbase: debt issued and repaid by fiscal year

Long-term debt, $ billions, from the 10-K

Data to Dec 2025
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Coinbase: debt due within a year and cash

At each balance-sheet date, $ billions, from SEC filings

Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Coinbase: interest coverage

Operating income ÷ interest expense, trailing twelve months, from SEC filings

6.9Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

What the company says

Business

Coinbase: earnings call sentiment

Palanor Discourse score per call, −1 to +1

0.40Data to Jul 2026
ImageDataPalanor calculation
Business

Coinbase: earnings call confidence

Palanor Discourse score per call, 0 to 1

0.70Data to Jul 2026
ImageDataPalanor calculation
Business

Coinbase: risk factors added per annual report

New Item 1A risk factors in each 10-K

1.0Data to Feb 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Coinbase: institutional Spot Trading Volume

KPI Ledger, as reported in the company's results releases, $ billions

215.0Data to Dec 2025
ImageDataKPI Ledger by Palanor · source: SEC EDGAR

Hiring and ownership

Business

Coinbase: H-1B filings certified

Labor Condition Applications by quarter received

62.0Data to Jun 2026
ImageDataU.S. Department of Labor, Office of Foreign Labor Certification disclosure data, dol.gov
Business

Coinbase: insider net buying

Open-market purchases minus sales by officers and directors, $ millions, by quarter

−$20.7MData 23 days ago
ImageDataU.S. Securities and Exchange Commission, EDGAR
Business

Coinbase: institutional holders

Managers reporting a position on Form 13F, by quarter

1,122Data to Jun 2026
ImageDataU.S. Securities and Exchange Commission, EDGAR

News

Business

Coinbase: headline tone

Net share of positive headlines, trailing 28 days, −1 to +1

0.13Data 6 days ago
ImagePalanor calculation from news headlines (tone words only)

In the news

Headlines that name Coinbase, with the publisher and a link. The tone is read from each headline’s own words, never from a summary of the article.

30 days
8 headlines
13% positive · 0% negative
90 days
8 headlines
13% positive · 0% negative

Filings and records

The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.

  1. Oct 21, 2026Lobbying
    Lobbying report (STERNHELL GROUP)third_quarter 2026 · $0.1 million
  2. Oct 20, 2026Lobbying
    Lobbying report (COINBASE, INC.)third_quarter 2026 · $1.0 million
  3. Oct 20, 2026Lobbying
    Lobbying report (THEGROUP DC, LLC)third_quarter 2026 · $0.1 million
  4. Oct 20, 2026Lobbying
    Lobbying report (FRANKLIN SQUARE GROUP, LLC)third_quarter 2026 · $0.1 million
  5. Oct 20, 2026Lobbying
    Lobbying report (RICH FEUER ANDERSON)third_quarter 2026 · $0.1 million
  6. Oct 20, 2026Lobbying
    Lobbying report (MAYER BROWN LLP)third_quarter 2026 · $0.0 million
  7. Oct 19, 2026Lobbying
    Lobbying report (PORTERFIELD, FETTIG & SEARS, LLC)third_quarter 2026 · $0.1 million
  8. Oct 19, 2026Lobbying
    Lobbying report (CHECKMATE GOVERNMENT RELATIONS)third_quarter 2026 · $0.2 million
  9. Oct 2, 20268-K
    Director or officer changeItem 5.02
  10. Sep 15, 2026Patent
    Patent granted: IDENTIFICATION OF TOKEN THRESHOLDS USING MESSAGE SIMULATIONUS 12739120
  11. Sep 2, 20268-K
    Director or officer changeItem 5.02
  12. Sep 1, 2026Patent
    Patent granted: AUTOMATIC STAKING OF CRYPTO TOKENSUS 12725134
  13. Aug 18, 2026Patent
    Patent granted: USING BLOCKCHAIN WALLET FOR TWO-FACTOR AUTHENTICATIONUS 12711491
  14. Aug 18, 2026Patent
    Patent granted: WEB3 TRANSFER PROTOCOLUS 12711495
  15. Aug 4, 2026Patent
    Patent granted: CONTENT GENERATION USING ENHANCED ACTOR-CRITIC MODELSUS 12699836
  16. Jul 23, 20268-K
    Director or officer changeItem 5.02
  17. Jul 9, 20268-K
    Director or officer changeItem 5.02
  18. Jun 18, 20268-K
    Shareholder vote resultsItem 5.07
  19. May 5, 20268-K
    Exit or restructuring costsItem 2.05
  20. Apr 10, 20268-K
    Director or officer changeItem 5.02
  21. Feb 12, 202610-K
    Annual report (10-K)1 risk factors added, 2 removed
  22. Aug 8, 20258-K
    Material agreement signedItem 1.01
  23. Jun 25, 20258-K
    Shareholder vote resultsItem 5.07
  24. May 15, 20258-K
    Cybersecurity incidentItem 1.05
  25. May 8, 20258-K
    Material agreement signedItem 1.01
  26. Feb 13, 202510-K
    Annual report (10-K)3 risk factors added, 2 removed
  27. Feb 15, 202410-K
    Annual report (10-K)0 risk factors added, 3 removed

Peers

Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.

CompanyRevenueFree cash flowThrough
CME Group CME$6.8B$4.2BJun 30, 2026
Cboe Global Markets CBOE$5.1B$2.7BJun 30, 2026
Nasdaq, Inc. NDAQ$8.7B$1.9BJun 30, 2026
MSCI MSCI$3.4B$1.6BSep 30, 2026
Intercontinental Exchange ICE$13.4B$5.1BJun 30, 2026
FactSet FDS$2.5B$0.7BAug 31, 2026
MarketAxess MKTX$0.9B$0.2BJun 30, 2026
Globe Life GL$6.2B$1.2BJun 30, 2026

Identity

SEC CIK
1679788
LEI
5493004G3J2SC154DU06
Wikidata
Q16972754
SAM UEI
RK8DEMSWCAC5
SAM UEI
CCKXXH3LHEE9

Built from SEC EDGAR filings (public domain), the Guidance and KPI Ledgers, Palanor Discourse, U.S. Department of Labor filings, USPTO, USAspending and Senate lobbying records, and rights-checked news headlines. Updated nightly; this page was built Oct 22, 2026. How the Dossier is built

S&P 500, S&P 100, S&P MidCap 400 and Dow Jones Industrial Average are trademarks of S&P Dow Jones Indices LLC or its affiliates; Nasdaq-100 is a trademark of Nasdaq, Inc.; Russell 1000 is a trademark of FTSE Russell. Membership is shown for identification only. Palanor is not affiliated with or endorsed by the index owners.

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