signals.casa macro signals, measured daily
Appearance

Stock

Coinbase (COIN)

Coinbase's Q3 revenue was $1.22 billion, flat with Q2, with $307 million from stablecoins and net income of $719 million; it guided Q4 subscription and services revenue to $550-630 million.

Updated

Information and analysis only, not a recommendation to buy, sell or hold any security. The author may own securities discussed.

Researched and drafted with AI agents. Every figure is taken from a source cited on the page.

Analysis and information

What it does

Coinbase runs a crypto exchange and brokerage for individuals and institutions, including its Exchange and Prime platforms. It earns transaction revenue from trading, and subscription and services revenue that includes income from stablecoins.

Role in the theme

In Crypto, Coinbase is the exchange and stablecoin business of the group. Its transaction revenue moves with trading activity in crypto markets.

Latest

  • 2026-10-29 (Q3 results): Total revenue was $1,215.6 million, against $1,220.1 million in Q2. Transaction revenue was $590.2 million, and subscription and services revenue was $570.2 million, inside the $500-580 million outlook.
  • 2026-10-29: Stablecoin revenue was $306.9 million, up from $292 million in Q2. Q3 net income was $718.7 million and adjusted EBITDA was $332.9 million.
  • 2026-10-29: Q4 outlook: subscription and services revenue of $550-630 million and adjusted expenses of $1,007-1,157 million. Transaction revenue was about $165 million in Q4 through 2026-10-25.
  • 2026-10-28: Coinbase listed Ripple's RLUSD stablecoin on its retail app, Exchange and Prime, with 1:1 conversion from US dollars. The Block reported this followed Ripple's final OCC approval for a national trust bank.
  • 2026-07-30: Q2 net loss was $359.5 million.

What to watch

  • Q4 subscription and services revenue against the $550-630 million outlook.
  • Transaction revenue, about $165 million in Q4 through 2026-10-25.
  • Stablecoin revenue, $306.9 million in Q3.
  • Next report: Q4 2026 results, date not yet announced.

Covered in

Sources

Primary means the publisher of the data or the filing; secondary means press or an aggregator.