Equity Profile

COIN

Coinbase Global, Inc.

FinancialsFinancial Exchanges & Data$40.7B

Jul30Thu

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Coinbase Global, Inc. is a leading cryptocurrency exchange that allows users to buy, sell, and trade various digital currencies....

Key Metrics to Watch

Trading Volume

This metric indicates the level of activity on the platform and can directly impact revenue.

N/A

Monthly Active Users

A growing user base can signal increased engagement and potential revenue growth.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

COIN Q2-2026 Earnings Preview

Context

Company Snapshot

Coinbase Global, Inc. is a leading cryptocurrency exchange that allows users to buy, sell, and trade various digital currencies. As a major player in the financial sector, it plays a crucial role in the growing acceptance and integration of cryptocurrencies into mainstream finance.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+44.21%

Avg Stock Reaction

-1.43%

Last Quarter Recap

In Q1 2026, Coinbase reported an impressive earnings surprise with an EPS of $1.49, significantly above expectations. However, the stock reacted negatively, declining by 2.53% the next day.

Management Promises & Guidance

Focus on expanding user engagement and retention.
Commitment to enhancing platform security and user experience.
Plans to explore new cryptocurrency offerings.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Coinbase's upcoming earnings, given its strong performance last quarter. However, concerns about market volatility and regulatory scrutiny may temper expectations.

Bull Case

If Coinbase can demonstrate strong trading volume and user growth, it could lead to significant revenue increases, boosting investor confidence.

Bear Case

On the other hand, if the company fails to meet user growth expectations or faces regulatory challenges, it could lead to a sharp decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the trading volume for Q2-2026?

Trading volume is crucial for revenue generation, and any significant changes could impact future earnings.

How many monthly active users does Coinbase have this quarter?

An increase in active users can indicate growing market interest and potential for higher transaction fees.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for increased trading volume driven by new user acquisitions and market recovery.

Supporting Evidence

Recent trends show a resurgence in crypto trading activity, which could boost Coinbase's earnings.

Options pricing suggests a larger move than historical averages, indicating heightened investor sentiment.

Insider selling may reflect confidence in the company's long-term strategy despite short-term volatility.

Key Risk

If trading volume exceeds expectations, it could significantly alter the market's perception of Coinbase's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on user engagement metrics and trading activity, which are critical for revenue.

Bull Confirmed If

A trading volume increase of over 15% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A drop in monthly active users below 8 million would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.12%

Historical Avg

±4.8%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings report.

Options are pricing ±7.1% while COIN has averaged ±4.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

66.6%

Calls (6.9M)P/C Ratio: 0.55Puts (4.5M)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$2.0M

10,020 sh

1 insider

Net

$2.0M

Net selling

Most Active Insiders· 1 open-market trade

Chief Financial OfficerHAAS ALESIA J
$2.0M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Coinbase beats expectations, history suggests the stock could see a modest decline of around 0.54% on the first day, but it would confirm strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in the market.

Miss

If Coinbase misses earnings expectations, history suggests an average decline of 2.92%, which could raise concerns about future growth.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·4 sells

Members

House only

Est. Notional

$5,005.00–$75,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
4

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user acquisition strategies and their effectiveness.
2Any commentary on regulatory developments affecting the crypto market.
3Insights into new product offerings or features being launched.
4Details on cost management and profitability initiatives.
5Trends in trading volume and user engagement metrics.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Coinbase Global, Inc. is a leading cryptocurrency exchange that allows users to buy, sell, and trade various digital currencies....

Key Metrics to Watch

Trading Volume

This metric indicates the level of activity on the platform and can directly impact revenue.

N/A

Monthly Active Users

A growing user base can signal increased engagement and potential revenue growth.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

COIN Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

63%

Avg EPS Surprise

+44.21%

Avg Stock Reaction

-1.43%

Last Quarter Recap

In Q1 2026, Coinbase reported an impressive earnings surprise with an EPS of $1.49, significantly above expectations. However, the stock reacted negatively, declining by 2.53% the next day.

Management Promises & Guidance

Focus on expanding user engagement and retention.
Commitment to enhancing platform security and user experience.
Plans to explore new cryptocurrency offerings.

Expectations

Wall Street Expectations

Bull Case

If Coinbase can demonstrate strong trading volume and user growth, it could lead to significant revenue increases, boosting investor confidence.

Bear Case

On the other hand, if the company fails to meet user growth expectations or faces regulatory challenges, it could lead to a sharp decline in stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the trading volume for Q2-2026?

Trading volume is crucial for revenue generation, and any significant changes could impact future earnings.

How many monthly active users does Coinbase have this quarter?

An increase in active users can indicate growing market interest and potential for higher transaction fees.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating the potential for increased trading volume driven by new user acquisitions and market recovery.

Supporting Evidence

Recent trends show a resurgence in crypto trading activity, which could boost Coinbase's earnings.

Options pricing suggests a larger move than historical averages, indicating heightened investor sentiment.

Insider selling may reflect confidence in the company's long-term strategy despite short-term volatility.

Key Risk

If trading volume exceeds expectations, it could significantly alter the market's perception of Coinbase's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance hinges on user engagement metrics and trading activity, which are critical for revenue.

Bull Confirmed If

A trading volume increase of over 15% quarter-over-quarter would confirm the bull case.

Bear Confirmed If

A drop in monthly active users below 8 million would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.12%

Historical Avg

±4.8%

Pricing rich

The options market is pricing in a significant move, suggesting that investors anticipate volatility around the earnings report.

Options are pricing ±7.1% while COIN has averaged ±4.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.7%

30d HV

66.6%

Calls (6.9M)P/C Ratio: 0.55Puts (4.5M)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$2.0M

10,020 sh

1 insider

Net

$2.0M

Net selling

Most Active Insiders· 1 open-market trade

Chief Financial OfficerHAAS ALESIA J
$2.0M
Net selling

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Coinbase beats expectations, history suggests the stock could see a modest decline of around 0.54% on the first day, but it would confirm strong demand.

In-Line / Cautious

If results are in line with expectations, the stock may react cautiously, reflecting uncertainty in the market.

Miss

If Coinbase misses earnings expectations, history suggests an average decline of 2.92%, which could raise concerns about future growth.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·4 sells

Members

House only

Est. Notional

$5,005.00–$75,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
4

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on user acquisition strategies and their effectiveness.
2Any commentary on regulatory developments affecting the crypto market.
3Insights into new product offerings or features being launched.
4Details on cost management and profitability initiatives.
5Trends in trading volume and user engagement metrics.