Coinbase Global, Inc. is a NASDAQ-listed cryptocurrency exchange and financial services company incorporated in Texas (reincorporated from Delaware effective December 15, 2025) that provides trading, custody, stablecoin, lending, and developer infrastructure services to retail and institutional customers globally. The company operates across multiple regulated jurisdictions including the United States, United Kingdom, European Union, Dubai, and Bermuda, and holds various money transmission and virtual currency licenses. As of December 31, 2025, the company had 267,836 thousand shares of Class A and Class B common stock outstanding.

What is COIN's DredgeCap risk score?

DredgeCap's AI analysis rates COIN at 5.5/10 on the risk scale — Moderate risk. This score reflects dilution exposure, debt toxicity, liquidity position, and going-concern posture as disclosed in SEC filings.

Does COIN have a going concern warning?

No current auditor going-concern warning is flagged in COIN's SEC filings. Risk assessment is based on other filing-disclosed factors.

When did COIN last file with the SEC?

COIN's most recent SEC filing was a 10-K filed 2026-02-12. All filings are available on SEC EDGAR.

← COIN Overview

10-QMay 7, 2026· Quarter Ended March 31, 2026

COIN — 10-Q Filing

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COIN 10-Q Summary

For the quarter ended March 31, 2026, Coinbase Global, Inc. reported revenue of $1.41B, down 30.5% year-over-year. Operating income swung to a loss of $21.4M from a profit of $705.8M a year earlier; net income was $65.6M, essentially flat year-over-year.

COIN Financial Highlights

Metric

Q-End 03/26

Q-End 03/25

Revenue

$1.41B

$2.03B

▼-30.5% YoY

Operating Income

-$21.4M

$705.8M

▼-103.0% YoY

Net Income

$65.6M

·0.0% YoY

COINWhat's Driving the Change

Depreciation & amortization

up 104.0% from $33.3M a year earlier

$68.0M

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Current DredgeCap Risk Profile

Risk Score

5.5/10

ELEVATED

Dilution

4.0

Debt Toxicity

4.5

Going Concern

✓ Not flagged

The risk profile above reflects the latest cached DredgeCap analysis for COIN. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open COIN's company page.

What is a 10-Q?

A quarterly report covering the three months just ended. Includes unaudited condensed financial statements (balance sheet, income statement, cash flow), Management Discussion and Analysis (MD&A), and disclosure of material changes since the last annual report. Required for the first three fiscal quarters; the fourth quarter is rolled into the 10-K.

More on COIN

Financial highlights are sourced directly from the 10-Q income statement (three months ended). YoY % compares to the same quarter one year earlier as reported by the issuer. The plain-language summary above is composed mechanically from the filing's reported numbers — no analysis or opinion. Form-type explainers and 8-K item descriptions are derived from SEC documentation. This page does not constitute investment advice. Always consult the original filing on SEC EDGAR for authoritative content, and consult a licensed financial advisor for investment decisions.