Quality score · COIN · Financials

Is Coinbase Global Inc. Class A Common Stock a quality business?

Coinbase Global Inc. Class A Common Stock (COIN) scored on five pillars from its reported financial statements, and ranked against 261 Financials companies.

4.0/ 10
Mixed quality
as of October 16, 2026
Profitability
2.6 Weak
Solvency
7.2 Strong
Growth
0.9 Weak
Efficiency
9.6 Strong
Predictability
1.6 Weak
Strongest pillar: Efficiency · Weakest: Growth

Coinbase Global Inc. Class A Common Stock (COIN) scores 4.0 out of 10 as of , computed from its reported financial statements. That reads as mixed quality. The reading rests on efficiency, and growth is what holds it back.

Data provided by Twelve Data. Scores are computed by Lemma Analysis from reported financials.

Does Coinbase Global Inc. Class A Common Stock have an economic moat?

No moat

Coinbase Global Inc. Class A Common Stock’s filings do not show enough of the signs a moat leaves: 0 of 3 indicators passed.

Quantitative signs of a moat, read from the filed statements. This is not a judgement of where it comes from (brand, network effects, switching costs). How Lemma measures a moat →

How Coinbase Global Inc. Class A Common Stock scores

As of October 16, 2026, Coinbase Global Inc. Class A Common Stock scores 4.0 out of 10 on the Lemma Quality Score, a reading of mixed quality. In this band one or two pillars are usually holding the score up while others drag it down, which the breakdown below makes visible. Nothing in it comes from the share price or from forecasts: it is Coinbase Global Inc. Class A Common Stock’s own reported numbers, scored pillar by pillar.

Set against 261 Financials companies, Coinbase Global Inc. Class A Common Stock lands at the 17th percentile, near the foot of the group. A typical company in the group scores 5.9, and the best quarter starts from 6.8. Coinbase Global Inc. Class A Common Stock is well below that typical reading.

Pillar by pillar

Profitability

On profitability, Coinbase Global Inc. Class A Common Stock scores 2.6, a weak reading. Its peers have a median of 6.8 across 255 Financials companies, which places it well below them, at the 6th percentile. Weak profitability means the business converts less of its sales and capital into profit than its peers, which can come from thin pricing power, high costs or a temporary squeeze.

Solvency

Coinbase Global Inc. Class A Common Stock’s solvency score is 7.2 out of 10 (strong). Against a median of 8.5 among 140 Financials companies, that is below the group and the 31st percentile. Middling solvency says the balance sheet is neither a strength nor a constraint today.

Growth

Growth scores 0.9 out of 10, which reads as weak. The median across 241 Financials companies is 4.6, so Coinbase Global Inc. Class A Common Stock is well below its peers on this pillar and ranks at the 5th percentile. Weak growth means revenue and earnings have been flat or shrinking against peers, which can be cyclical or a sign of a market that is maturing.

Efficiency

On efficiency, Coinbase Global Inc. Class A Common Stock scores 9.6, a strong reading. Its peers have a median of 5.8 across 211 Financials companies, which places it well above them, at the 86th percentile. A strong efficiency reading usually shows up as healthy cash conversion: reported profit arriving as real cash rather than staying on the balance sheet.

Predictability

Predictability scores 1.6 out of 10, which reads as weak. The median across 256 Financials companies is 4.9, so Coinbase Global Inc. Class A Common Stock is well below its peers on this pillar and ranks at the 10th percentile. A low predictability score often belongs to cyclical businesses, where good and bad years alternate with the economy or with commodity prices.

Strongest and weakest pillar

The gap between Coinbase Global Inc. Class A Common Stock’s best and worst pillar is wide: efficiency at 9.6 against growth at 0.9, 8.7 points apart. An average of two readings this different deserves a closer look than the headline number. Leading with efficiency points to disciplined use of capital, a strength that compounds quietly. Slow growth limits how fast the business can compound, even when everything else is in order.

What would move the score

Of everything that could lift Coinbase Global Inc. Class A Common Stock’s score, profitability matters most. Bringing it up to the 6.8 median of Financials companies would take the overall from 4.0 to roughly 5.0. The weights add up to 100 points (profitability 25, solvency 20, growth 20, efficiency 15, predictability 20), and Coinbase Global Inc. Class A Common Stock has a reading on every pillar.

Coinbase Global Inc. Class A Common Stock and similar companies

For a fair comparison, start with companies of a similar size: the Financials companies below are nearest to Coinbase Global Inc. Class A Common Stock by market value, each scored on the same pillars.

What each pillar measures

Profitability

2.6 / 10

How much profit the company generates from its capital and sales.

Solvency

7.2 / 10

The company’s ability to service debt and meet its obligations.

Growth

0.9 / 10

How fast revenue, earnings and cash flow are compounding.

Efficiency

9.6 / 10

How well assets and earnings convert into cash and output.

Predictability

1.6 / 10

How stable and consistent results have been over time.

How this score is calculated

Each metric is scored from 0 to 10 against sector-aware benchmarks, where higher is better. Metrics roll up into five pillars, and the pillars combine into the overall score using the weights shown. Sector-sensitive metrics are judged relative to peers in the same sector.

Limitations

This score is a systematic, backward-looking read of reported fundamentals. It does not judge valuation, management quality, competitive moat, or future prospects, and can be distorted by one-off items or unusual accounting. Treat it as a starting point, not a recommendation.

Educational only. Not investment advice.

FAQ

Is Coinbase Global Inc. Class A Common Stock a quality business?

On this reading Coinbase Global Inc. Class A Common Stock scores 4.0 out of 10, which reads as mixed quality. Its strongest pillar is efficiency, its weakest is growth. Quality is not the same as a good investment: the score says nothing about the price you would pay.

How does Coinbase Global Inc. Class A Common Stock compare with other Financials companies?

Coinbase Global Inc. Class A Common Stock ranks at the 17th percentile of the 261 Financials companies Lemma publishes a score for. The median there is 5.9 and the top quarter starts at 6.8, against Coinbase Global Inc. Class A Common Stock’s 4.0.

What does the COIN quality score measure?

Five pillars, each scored from 0 to 10 against sector-aware benchmarks and then weighted into one overall reading: profitability, solvency, growth, efficiency and predictability. Everything comes from reported financials, and nothing comes from price, sentiment or forecasts.

How current is this score?

This page last changed on October 16, 2026. The score moves with the financial statements, so the page changes when a new filing moves the reading rather than on a schedule. Live figures for COIN are in the app.

Does a high score mean the stock is cheap?

No. Quality and valuation are separate questions, and a good business at the wrong price is still a bad purchase. Score the business here, then price it with a DCF you control.

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Inside Lemma Analysis the same five pillars run on every company we cover, with the metrics behind each one, current fundamentals, a DCF you control and a watchlist that tells you when the price catches up.

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