First Quarter 2025 May 8, 2025 Fellow Shareholders, We delivered strong financial results in Q1, generating $2.0 billion in total revenue, $66 million in net income, $527 million in Adjusted Net Income (excluding the tax-effected impact of crypto investment asset gains/ losses), and $930 million in Adjusted EBITDA. Total transaction revenue was $1.3 billion and subscription and $ $ services revenue was nearly $700 million, driven by growth in stablecoin revenue and Coinbase One. With $9.9 billion in total $ ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Core Viewpoint - Coinbase Global (COIN) is expected to report its first-quarter 2025 results on May 8, with a history of earnings surprises in the last four quarters [1] Trading Volumes - Increased asset volatility and improved crypto asset prices are likely to have boosted trading volumes in the first quarter, which remains a major revenue driver for Coinbase [2] - The Zacks Consensus Estimate for total trading volume is 404 million, reflecting a 28.5% increase year-over-year. The estimate for Consumer trading volume is 83 million, indicating a 48.2% rise, while Institutional trading volume is pegged at 321 million, showing a 25.4% increase [3] Transaction Revenues - Transaction revenues are expected to benefit from higher fees for both Consumer and Institutional segments, with the Zacks Consensus Estimate for total transaction revenues at $1.325 billion, a 23% increase from the previous year. Consumer transaction revenues are estimated at $1.2 billion, and Institutional revenues at $127 million, suggesting a 49.4% year-over-year increase [4] Market Share and Product Growth - Revenues are anticipated to be supported by market share gains in U.S. spot and derivatives trading products, as well as growth in custody, staking, USDC assets, and Coinbase One subscribers [5] Earnings Prediction - The quantitative model does not predict an earnings beat for Coinbase this quarter, with an Earnings ESP of -5.23% and a Zacks Rank of 3 (Hold) [6][7]

Coinbase Global Inc. (COIN) is expected to witness an improvement in its top and bottom lines when it reports first-quarter 2025 results on May 8. The Zacks Consensus Estimate for COIN’s first-quarter revenues is pegged at $2.2 million, indicating a 33.4% increase from the year-ago reported figure.The consensus estimate for earnings is pegged at $2.06 per share. The Zacks Consensus Estimate for COIN’s first-quarter earnings has moved 2.4% down in the past seven days. The estimate suggests a year-over-year i ...

Wall Street analysts expect Coinbase Global, Inc. (COIN) to post quarterly earnings of $2.04 per share in its upcoming report, which indicates a year-over-year increase of 23.6%. Revenues are expected to be $2.19 billion, up 33.4% from the year-ago quarter.The consensus EPS estimate for the quarter has been revised 8.7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a com ...

If you liked this idea, sign up for a no-obligation free trial of my Seeking Alpha Marketplace service, Timely Trader ! I sift through various asset classes to find the best places for your capital, helping you maximize your returns. Timely Trader seeks to find winners before they become winners, and keep you out of losers. In addition, you get access to our community via chat, direct access to me, real-time price alerts, a model portfolio, and more.Crypto exchange giant Coinbase Global (NASDAQ: COIN ) is s ...

Core Insights - XenDex is the first all-in-one decentralized exchange (DEX) built on the XRP Ledger, gaining significant attention in the crypto market due to XRP's renewed relevance and the recent announcement of Coinbase's XRP Futures launch [1][10] - The $XDX presale is experiencing explosive momentum, attracting thousands of XRP holders and DeFi enthusiasts, making it one of the most anticipated presales of the year [1][10] Company Overview - XenDex offers features such as non-custodial lending and borrowing, AI-powered copy trading, staking, and cross-chain interoperability, fulfilling a long-standing gap in the Ripple ecosystem [3][9] - The platform aims to provide a full-scale DeFi experience that has been lacking for over a decade in the XRP ecosystem [3][6] Presale Details - The $XDX token presale is currently live, with early participants able to lock in tokens before supply tightens and pricing adjusts [5] - The exchange rate is set at 1 XRP = 10 XDX, with a minimum buy of 150 XRP for 1,500 XDX and a soft cap of 30,000 XRP [8] Community Engagement - The XRP community is rallying behind XenDex as it represents the most advanced DeFi solution in the ecosystem, with significant growth in its official Telegram group and Twitter engagement [10] - The presale is seen as a timely opportunity for investors to buy into a promising Ripple project, with the community rapidly expanding [10]

Core Viewpoint - Coinbase Global Inc. (COIN) has experienced a significant decline in share price, losing 29.5% year to date, which is worse than the industry and sector averages [1][4]. Company Performance - Coinbase generated 83% of its total revenues in the United States, which is being positioned as a crypto hub, and is expected to be the platform for companies integrating cryptocurrency [2]. - The company has maintained positive EBITDA for eight consecutive quarters, supported by its subscription-based business model [13]. - Coinbase ended 2024 with $9.3 billion in resources, an increase of $3.8 billion year over year, while its debt has been decreasing [15]. Market Position and Strategy - Coinbase is poised to benefit from increased volatility in the crypto market, stronger banking relationships, and the acquisition of new licenses [12]. - The company aims to onboard over a billion users onto the crypto economy and is investing heavily in core infrastructure and platforms [14]. - The average target price for COIN shares is $280.22, suggesting a potential upside of 60.1% from the current price [10]. Financial Metrics - COIN's return on equity in the trailing 12 months was 20.6%, higher than the industry average of 16.8% [18]. - The return on invested capital was 10.6%, compared to the industry average of 5.4% [20]. - The Zacks Consensus Estimate for earnings indicates a year-over-year increase of 26.7% for the first quarter of 2025 [16]. Analyst Sentiment - The Zacks Consensus Estimate for 2025 earnings suggests a 5.3% decrease, while the 2026 estimate implies a year-over-year increase of 1.8% [21]. - Analyst sentiment has been muted, with recent estimates moving downward for both 2025 and 2026 [21]. Valuation - Coinbase shares are trading at a premium, with a 12-month forward price-to-earnings ratio of 23.72, significantly higher than the industry average of 14.42 [24]. - The stock's Value Score of D indicates a stretched valuation at this moment [24].

Company Performance - Coinbase Global, Inc. (COIN) closed at $176.58, with a daily increase of +0.62%, underperforming the S&P 500's gain of 0.79% [1] - Over the past month, COIN's stock has decreased by 4.16%, compared to the Finance sector's loss of 2.86% and the S&P 500's loss of 3.56% [1] Upcoming Earnings - The earnings report for Coinbase Global, Inc. is anticipated on May 8, 2025, with projected earnings of $2.18 per share, reflecting a year-over-year growth of 32.12% [2] - Revenue is expected to reach $2.27 billion, indicating a 38.51% increase compared to the same quarter last year [2] Annual Estimates - For the annual period, Zacks Consensus Estimates predict earnings of $7.16 per share and revenue of $8.28 billion, representing changes of -5.79% and +26.15% respectively from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Coinbase Global, Inc. are important as they indicate shifts in near-term business trends, with positive changes suggesting analyst optimism regarding the company's performance [4] Zacks Rank - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows that COIN currently holds a Zacks Rank of 1 (Strong Buy), with a historical average annual gain of +25% for 1 stocks since 1988 [6] - The Zacks Consensus EPS estimate for COIN has increased by 2.53% in the past month [6] Valuation Metrics - Coinbase Global, Inc. has a Forward P/E ratio of 24.53, which is a premium compared to its industry's Forward P/E of 8.74 [7] - The company also has a PEG ratio of 9.15, while the Financial - Miscellaneous Services industry has an average PEG ratio of 0.9 [7] Industry Overview - The Financial - Miscellaneous Services industry, part of the Finance sector, holds a Zacks Industry Rank of 47, placing it in the top 19% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]

Group 1 - Coinbase Global, Inc. has experienced increased volatility in 2024 due to a tariff-led selloff [1] - The company had a successful year in 2024, driven by significant institutional investment in cryptocurrencies, particularly Bitcoin [1] - The investment strategy of the leader of the Best Of Breed Growth Stocks group focuses on stocks with a high probability of delivering substantial alpha compared to the S&P 500 [1] Group 2 - The leader emphasizes a combination of growth-oriented principles and strict valuation criteria to enhance the margin of safety [1] - The investment group offers exclusive access to high-conviction stock picks, comprehensive research reports, real-time trade alerts, and macro market analysis [1] - The financial analyst seeks undervalued companies with long-term growth potential, focusing on strong balance sheets and management teams [1]