All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
1 warning event since 2017; the latest 2025-05-15.
From the record
Coinbase Global, Inc.'s filings since 2017 show 1 warning event: a material cybersecurity incident (8-K item 1.05, the latest 2025-05-15) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+54.2% a year over 7 filed years; profitable in 5 of 7.
From the record
Coinbase Global, Inc.'s 7 filed years say what it did: revenue went from $534 million in fiscal 2019 to $7.2 billion in fiscal 2025, up 54.2% a year; it rose in 4 of 6 years; the deepest fall was 60% from fiscal 2021 to fiscal 2023; net income was positive in 5 of 7 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count grew 8.9% a year. 13% of cash flow returned. Insiders: 265 sales, 0 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Coinbase Global, Inc.'s diluted share count grew about 8.9% a year, and dividends and buybacks returned about 13% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 265 sales (236 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-05 (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 9%: 9¢ of profit per shareholder dollar. Leverage 50%: owes 50¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Coinbase Global, Inc. earned about 9 cents of profit for every dollar of shareholders' money. Leverage: it owed about 50 cents per dollar of assets, and net share issuance: its share count grew 5.1% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
top 18% of 114 in its family; net margin 17.6%.
From the record
Coinbase Global, Inc.'s standing among 114 graded names in its industry family: revenue of $7.2 billion in fiscal 2025 ranks in the top 4% by size; a net margin of 17.6% ranks in the top 17%; revenue growth of 31% a year over the last 3 filed years ranks in the top 34% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 29% of 50 in its family for leadership; chief executive since 2021.
From the record
Coinbase Global, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Armstrong, Brian (Chairman and CEO, as filed), filing under that title since 2021-04-01, 5.6 years (top 15% of its family); the 16 officers and directors filing in the last fifteen months have been on the record a median of 5.6 years (top 28%); 7 officer or director changes were reported on Form 8-K since 2023-11-13, against the 16 people in charge now (top 44%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
top 20% of 108 in its family for room to expand.
From the record
Coinbase Global, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $17 billion against debt of $5.9 billion leaves 36.9% of its assets as net cash, top 10% of its family; cash from operations less capital spending is 33.8% of revenue (top 11%); research spending of 23.3% of revenue (top 38%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
bottom 30% of 100 in its family for growth drivers.
From the record
Coinbase Global, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 31% a year over the last three filed years against 54.2% over all 7, slowing (bottom 22% of its family); the newest year grew 9.4% (bottom 49%); research spending grew -10.4% a year (bottom 35%); capital spending grew -55.6% a year (bottom 14%) (its annual reports). Coinbase Global, Inc. reported 2 product lines in fiscal 2025: Bank Servicing and Subscription and Circulation at $6.9 billion (96%), Other Revenue at $298 million (4%); 2 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
top 35% of 78 in its family for expectations against reality.
From the record
Coinbase Global, Inc.'s newest year against its own record: revenue of $7.2 billion in fiscal 2025 came in 23.7% below the $9.4 billion its prior three years' pace pointed to (bottom 27% of its family); net income of $1.3 billion against a prior three-year average of $16 million (top 3%); a net margin of 17.6% against -13.3% before (top 29%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made