Filing Risk Score
100A
Regulatory filing quality and event signal from SEC disclosures
Key inputs: Recent Form 4 insider transactions · Recent Form 4 insider transactions
Crypto exchange
Coinbase Global
$COINCrypto exchange where trading volume, custody growth, regulation, and market-cycle exposure drive equity risk.
FinancialsCrypto exchange and infrastructureCrypto exchange exposure
Signal summary
Sawse research signals
Scores summarize filing, market, ownership, and exposure records for research prioritization.
BTC Exposure Score
70B
Degree of Bitcoin exposure relative to entity type
Key inputs: Crypto exchange exposure
Insider Activity Signal
50C
Net insider buying/selling pattern and cluster activity
Key inputs: 2 insider transaction clusters · 20 Form 4 transactions
Event Momentum Score
100A
Directional signal from recent SEC event categorizations
Key inputs: 12 recent SEC filings · 6 fresh source updates
Quote & Trading
Delayed quote
$164.13
-$10.77 (-6.19%)
Session timestamp: Jun 5, 2026, 9:30 PM
- Range
- 1M
- Start
- $202.99
- Latest
- $163.22
- Latest date
- Jun 3, 2026
Fundamentals
Showing the latest source-confirmed income statement values. The bar scale compares magnitude within this statement only; it is not a trend line and does not indicate positive or negative quality.
3 metrics · latest period Mar 31, 2026. 3 metrics include a prior-period comparison.
Revenue
1.41B USD
Net income
-394.12M USD
Operating income
-21.42M USD
| Metric | Value | Period | Prior | Change |
|---|---|---|---|---|
| Revenue | 1.41B USD | Mar 31, 2026 | 7.18B USD | -5.77B USD (-80.3%) |
| Net income | -394.12M USD | Mar 31, 2026 | 1.26B USD | -1.65B USD (-131.3%) |
| Operating income | -21.42M USD | Mar 31, 2026 | 1.44B USD | -1.46B USD (-101.5%) |
Revenue
Mar 31, 2026
- Value
- 1.41B USD
- Change
- -5.77B USD (-80.3%)
- Prior
- 7.18B USD
Net income
Mar 31, 2026
- Value
- -394.12M USD
- Change
- -1.65B USD (-131.3%)
- Prior
- 1.26B USD
Operating income
Mar 31, 2026
- Value
- -21.42M USD
- Change
- -1.46B USD (-101.5%)
- Prior
- 1.44B USD
SEC Filings
Risk Factor Watch
24 source-confirmed changes detected
Compared 10-K 2026-02-12 with 10-K 2025-02-13.
8 Added8 Changed8 Removed
New / expanded language
Our primary uses of cash in operating activities include payments to employees for compensation, marketing programs, website hosting and infrastructure services, and professional services.
0 million increase in cash and cash equivalents used for net purchases of crypto assets held for investment; and • a $614.
6 million decrease in cash used to pay taxes related to net share settlement of equity awards; offset in part by 101 Table of Contents • a $1.
Materially changed
Critical Accounting Estimates Our Consolidated Financial Statements and the related notes included elsewhere in this Annual Report on Form 10-K are prepared in accordance with GAAP.
Summary of Significant Accounting Policies of the Notes to our Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K for a summary of significant accounting policies and significant estimates and assumptions and their effects on our financial statements.
Income Taxes of the Notes to our Consolidated 104 Table of Contents Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K for details of changes in our valuation allowance for the years ended December 31, 2025, 2024, and 2023.
8 removed risk-factor candidates
89 Table of Contents Executive Overview This executive overview of Management’s Discussion and Analysis of Financial Condition and Results of Operations highlights selected information and does not contain all of the information that is important to readers of this Annual Report on Form 10-K.
During 2024, we made progress against our goals of driving revenue growth, crypto utility, and regulatory clarity.
We advanced the crypto economy by deepening institutional adoption, scaling international growth, and expanding real-world utility.
For 2025, we believe that we are well-positioned to drive revenue growth across all macroeconomic environments, and we remain committed to advancing regulatory clarity.
Source-extracted Item 1A comparison.
Jun 3, 2026View on SEC
May 29, 2026View on SEC
May 27, 2026View on SEC
May 22, 2026View on SEC
May 22, 2026View on SEC
Insider Activity
Form 4 context
Recent insider transaction activity
The 30, 90, and 365 day windows are measured backward from the newest Form 4 row loaded for this ticker. “Acquired” and “Disposed” are the Form 4 share-direction fields; they are not a Sawse conclusion about insider intent.
A cluster groups related Form 4 rows with the same transaction direction and code inside a weekly date window. Sawse flags a group as a cluster when it has multiple rows, multiple reporting owners, or at least 100,000 reported shares.
Loaded Form 4 rows20
90-day net activity-14,193Net disposed
90-day net value-$2.58MFrom 20 priced rows
Detected clusters2
Last 30 days
- Rows
- 20
- Acquired
- 0
- Disposed
- 14,193
- Net shares
- -14,193
- Net value
- -$2.58M
Last 90 days
- Rows
- 20
- Acquired
- 0
- Disposed
- 14,193
- Net shares
- -14,193
- Net value
- -$2.58M
Last 365 days
- Rows
- 20
- Acquired
- 0
- Disposed
- 14,193
- Net shares
- -14,193
- Net value
- -$2.58M
Cluster filter
Use clusters to inspect grouped Form 4 activity without scrolling through the full table.
Unclustered single rows remain in the table when All groups is selected.
20 transaction rows match the active filters; 12 rows are shown.
| Insider | Role | Group | Direction | Shares | Dollar value | Date |
|---|---|---|---|---|---|---|
| WILSON FREDERICK R | director | Cluster 1 | Disposed | 1,000 | $178.18K | Jun 1, 2026 |
| WILSON FREDERICK R | director | Cluster 1 | Disposed | 600 | $108.11K | Jun 1, 2026 |
| WILSON FREDERICK R | director | Cluster 1 | Disposed | 500 | $91.53K | Jun 1, 2026 |
| WILSON FREDERICK R | director | Cluster 1 | Disposed | 2,309 | $420.75K | Jun 1, 2026 |
| WILSON FREDERICK R | director | Cluster 1 | Disposed | 600 | $106.28K | Jun 1, 2026 |
| WILSON FREDERICK R | director | Cluster 1 | Disposed | 1,200 | $215.18K | Jun 1, 2026 |
| WILSON FREDERICK R | director | Cluster 1 | Disposed | 200 | $37.23K | Jun 1, 2026 |
| WILSON FREDERICK R | director | Cluster 1 | Disposed | 900 | $166.91K | Jun 1, 2026 |
| WILSON FREDERICK R | director | Cluster 1 | Disposed | 1,200 | $221.06K | Jun 1, 2026 |
| WILSON FREDERICK R | director | Cluster 1 | Disposed | 1,491 | $270.12K | Jun 1, 2026 |
| Grewal Paul | Chief Legal Officer, officer | Cluster 2 | Disposed | 25 | $4.49K | May 27, 2026 |
| Grewal Paul | Chief Legal Officer, officer | Cluster 2 | Disposed | 454 | $80.69K | May 27, 2026 |
WILSON FREDERICK R
director
Cluster 1
- Direction
- Disposed
- Shares
- 1,000
- Dollar value
- $178.18K
- Date
- Jun 1, 2026
WILSON FREDERICK R
director
Cluster 1
- Direction
- Disposed
- Shares
- 600
- Dollar value
- $108.11K
- Date
- Jun 1, 2026
WILSON FREDERICK R
director
Cluster 1
- Direction
- Disposed
- Shares
- 500
- Dollar value
- $91.53K
- Date
- Jun 1, 2026
WILSON FREDERICK R
director
Cluster 1
- Direction
- Disposed
- Shares
- 2,309
- Dollar value
- $420.75K
- Date
- Jun 1, 2026
WILSON FREDERICK R
director
Cluster 1
- Direction
- Disposed
- Shares
- 600
- Dollar value
- $106.28K
- Date
- Jun 1, 2026
WILSON FREDERICK R
director
Cluster 1
- Direction
- Disposed
- Shares
- 1,200
- Dollar value
- $215.18K
- Date
- Jun 1, 2026
WILSON FREDERICK R
director
Cluster 1
- Direction
- Disposed
- Shares
- 200
- Dollar value
- $37.23K
- Date
- Jun 1, 2026
WILSON FREDERICK R
director
Cluster 1
- Direction
- Disposed
- Shares
- 900
- Dollar value
- $166.91K
- Date
- Jun 1, 2026
WILSON FREDERICK R
director
Cluster 1
- Direction
- Disposed
- Shares
- 1,200
- Dollar value
- $221.06K
- Date
- Jun 1, 2026
WILSON FREDERICK R
director
Cluster 1
- Direction
- Disposed
- Shares
- 1,491
- Dollar value
- $270.12K
- Date
- Jun 1, 2026
Grewal Paul
Chief Legal Officer, officer
Cluster 2
- Direction
- Disposed
- Shares
- 25
- Dollar value
- $4.49K
- Date
- May 27, 2026
Grewal Paul
Chief Legal Officer, officer
Cluster 2
- Direction
- Disposed
- Shares
- 454
- Dollar value
- $80.69K
- Date
- May 27, 2026
Institutional Ownership
This is a partial 13F manager view, not a full shareholder register. Concentration percentages describe the manager positions currently loaded in this table. The shares-outstanding percentage divides each manager's reported shares by the latest public share-count record when available.
Observed 13F managers8
Loaded filings
Largest loaded manager0.0%
Of loaded 13F shares
Top 10 loaded share—
Only 8 loaded
Top 25 loaded share—
Only 8 loaded
Rows with movement8
Position or value
Source: SEC 13F filings. 13F reports can arrive up to 45 days after quarter end and do not represent every shareholder. Position change is the reported share-count change versus the prior available filing. Value change is the reported market-value change and can move even when the share count is unchanged.
| Manager | Period | Shares | % Shares out. | Value | Movement |
|---|---|---|---|---|---|
| AQR Capital Management, LLCLarge position move | Mar 2026 | 3 | 0.00% | $501K | Position-3Value-$856K |
| AQR Capital Management, LLCPosition and value moved | Mar 2026 | 84.65K | 0.03% | $14.13B | Position+84.65KValue+$14.12B |
| AQR Capital Management, LLCPosition and value moved | Mar 2026 | 299 | 0.00% | $49.83M | Position+293Value+$48.47M |
| AQR Capital Management, LLCLarge position move | Mar 2026 | 40 | 0.00% | $6.67M | Position+34Value+$5.32M |
| AQR Capital Management, LLCLarge position move | Mar 2026 | 62 | 0.00% | $10.35M | Position+56Value+$8.99M |
| AQR Capital Management, LLCLarge position move | Mar 2026 | 3 | 0.00% | $501K | Position-3Value-$856K |
| ARK Investment Management LLCMarket value moved | Mar 2026 | 2.37M | 0.90% | $414.33B | Position-169.04KValue-$160.5B |
| AQR Capital Management, LLCLarge position move | Mar 2026 | 3 | 0.00% | $501K | Position-3Value-$856K |
AQR Capital Management, LLCLarge position move
Mar 2026
- Shares
- 3
- % Shares out.
- 0.00%
- Value
- $501K
- Movement
- Position-3Value-$856K
AQR Capital Management, LLCPosition and value moved
Mar 2026
- Shares
- 84.65K
- % Shares out.
- 0.03%
- Value
- $14.13B
- Movement
- Position+84.65KValue+$14.12B
AQR Capital Management, LLCPosition and value moved
Mar 2026
- Shares
- 299
- % Shares out.
- 0.00%
- Value
- $49.83M
- Movement
- Position+293Value+$48.47M
AQR Capital Management, LLCLarge position move
Mar 2026
- Shares
- 40
- % Shares out.
- 0.00%
- Value
- $6.67M
- Movement
- Position+34Value+$5.32M
AQR Capital Management, LLCLarge position move
Mar 2026
- Shares
- 62
- % Shares out.
- 0.00%
- Value
- $10.35M
- Movement
- Position+56Value+$8.99M
AQR Capital Management, LLCLarge position move
Mar 2026
- Shares
- 3
- % Shares out.
- 0.00%
- Value
- $501K
- Movement
- Position-3Value-$856K
ARK Investment Management LLCMarket value moved
Mar 2026
- Shares
- 2.37M
- % Shares out.
- 0.90%
- Value
- $414.33B
- Movement
- Position-169.04KValue-$160.5B
AQR Capital Management, LLCLarge position move
Mar 2026
- Shares
- 3
- % Shares out.
- 0.00%
- Value
- $501K
- Movement
- Position-3Value-$856K
Crypto Context
Crypto exchange exposure
COIN crypto exposure readout
Latest filing8-K · May 7, 2026
Trading volume$202B10-Q filed May 6, 2026
Custody assets$294B10-Q filed May 6, 2026
Subscription revenue mix43.57%10-Q filed May 6, 2026
COIN's crypto exposure should be read alongside its equity valuation, financing choices, dilution risk, taxes, and operating business.
Editorial Coverage
Peer Comparison
| Ticker | Category | Latest revenue | Filing Risk0-100 | BTC Exposure0-100 | Insider Signal0-100 | Event Momentum0-100 |
|---|---|---|---|---|---|---|
| $COINCoinbase Global | Crypto exchange | 1.41B | 100 | 70 | 50 | 100 |
| $HOODRobinhood Markets | Retail trading platform | 1.07B | 80 | 45 | 51 | 100 |
| $MSTRStrategy Inc | BTC treasury holder | 354.25M | 92 | 85 | 50 | 100 |
| $GLXYGalaxy Digital | Crypto financial services | 10.04B | 100 | 60 | 10 | 100 |
$COINCoinbase Global
Crypto exchange
1.41B
- Filing Risk
- 100
- BTC Exposure
- 70
- Insider Signal
- 50
- Event Momentum
- 100
$HOODRobinhood Markets
Retail trading platform
1.07B
- Filing Risk
- 80
- BTC Exposure
- 45
- Insider Signal
- 51
- Event Momentum
- 100
$MSTRStrategy Inc
BTC treasury holder
354.25M
- Filing Risk
- 92
- BTC Exposure
- 85
- Insider Signal
- 50
- Event Momentum
- 100
$GLXYGalaxy Digital
Crypto financial services
10.04B
- Filing Risk
- 100
- BTC Exposure
- 60
- Insider Signal
- 10
- Event Momentum
- 100
- Filing Risk
- Measures the intensity of SEC filing patterns.
- BTC Exposure
- Measures direct and operating exposure to bitcoin.
- Insider Signal
- Measures unusual Form 4 activity patterns.
- Event Momentum
- Measures recent material disclosure activity.
Scores run 0-100: higher means a stronger signal for that dimension, not a buy/sell rating. Market cap, YTD return, and P/E appear when quote history and share-count data are complete.