NASDAQ$COIN

Coinbase Global Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

COIN Q1 2024 — $1.6M revenue

All statements contained in this Quarterly Report on Form 10-Q other than statements of historical fact, including statements regarding our future operating results and financial position, our busines. Coinbase Global Inc reported Q1 2024 results. Net income of $1.2M. Headline numbers extracted from the Form 10-Q press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $1.6M.
  • Net income: $1.2M.
  • Filed on Form 10-Q (accession 0001679788-24-000089).

Headline financials

Total Revenue

$1.64B

Previous: $773M+112.0%
EPS

$4.40

Previous: -$0.34+1394.1%
Capital Expenditures

$0.00

Previous: -$50K+100.0%
Free Cash Flow

$1.18B

Previous: -$78.9M+1589.9%
Net Income

$1.18B

Previous: -$78.9M+1590.9%
Operating Income

$760M

Previous: -$124M+713.9%
Gross Profit

$1.64B

Previous: $773M+112.0%
Cash & Equivalents

$6.71B

Previous: $5.02B+33.7%
Total Assets

$348B

Previous: $139B+149.8%
Stock-Based Comp

$225M

Previous: $199M+12.9%

Revenue & EPS history

Coinbase · Revenue · Quarterly

$1.64B

Q1 2024+112%vs Q1 2023
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Coinbase · $317M total across 2 segments · Q3 2023

  • Interest and Finance Fee Income
    $243M+138.2%
  • Blockchain Rewards
    $74.5M+18.6%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-2.8%

Avg return

Earnings day

-2.0%

Avg return

5 days after

-1.3%

Avg return

30 days after

32%

8 / 25 earnings

Positive

+20.1%

Q1 2023

Best reaction

-35.7%

Q1 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%+4.6%-21.0%
Q4 2025+16.5%+16.3%+38.6%
Q3 2025-2.2%-2.8%-17.0%
Q2 2025-16.7%-19.6%-19.4%
Q1 2025-3.6%+27.6%+21.7%
Q4 2024-8.0%-13.2%-38.6%
Q3 2024-18.4%-15.2%+34.8%
Q2 2024-8.9%-13.5%-18.3%
Q1 2024+6.3%+2.0%+7.5%
Q4 2023+12.4%+8.1%+51.1%
Q3 2023+10.3%+14.5%+71.9%
Q2 2023-3.5%-2.6%-13.8%
Q1 2023+20.1%+24.2%+33.1%
Q4 2022-6.2%-10.4%+1.7%
Q3 2022-3.1%-16.3%-21.5%
Q2 2022-4.0%-7.7%-25.4%
Q1 2022-35.7%-18.7%-23.6%
Q4 2019+6.2%+8.3%+4.0%
Q4 2021+2.4%+13.6%+8.1%
Q3 2020-5.9%-3.4%-28.4%
Q3 2021-7.2%-3.1%-25.4%
Q2 2020-4.9%-4.8%-7.9%
Q2 2021-0.7%-6.9%-8.6%
Q4 2020-6.4%-15.2%-15.5%
Q1 2021-8.9%-15.7%-21.0%
Q1 2020
Q3 2019
Q2 2019
Q1 2019

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro