COIN News
R40 coverage for Coinbase Global, Inc. (COIN).
R40 Coverage
Coinbase's Revenue Has Fallen 40% in Five Quarters. Our Last Piece Led With the Mix.
Coinbase booked $1,220M in the June 2026 quarter against $2,034M in March 2025 — down 40.0%, and 46.3% below the December 2024 peak. Three consecutive quarters of year-over-year decline. Our July piece led on bitcoin falling to 12% of revenue, which is true and is a share of a base that has nearly halved.
Johnson & Johnson's P/E Went 31 to 11 to 23 Without the Market Changing Its Mind. We Published a Chart Doing the Same Thing.
One outsized quarter distorts a trailing P/E twice — once when it arrives, and again four quarters later when it leaves. The second one is invisible, and our own Palo Alto coverage reasoned from it.
Coinbase Q2 2026: Bitcoin Is Down to 12% of Revenue — and the Stock Still Fell on the Miss
Coinbase missed on both trading and subscription revenue as crypto markets cooled, sending shares down roughly 5-7%. But the real story is structural: bitcoin-related revenue has collapsed to just 12% of the business, down from over half historically, as subscriptions, stablecoins, and derivatives take over.
Coinbase Lost $667M Last Quarter. The Stock Rallied 16%.
Coinbase missed on revenue and earnings, posted its first loss in two years, and the stock had its best day in months. Here's what Wall Street sees that the headline doesn't show.
Robinhood's February Dip: Gift or Trap? HOOD Surges 14% After Crypto-Driven Selloff
HOOD dropped to $85 on crypto fears, then ripped 14% in a single day. With earnings tomorrow and a fresh $125 price target from Wolfe, was the dip unmissable?