Coinbase Global Inc. COIN

Coinbase enters the 2026-06-21 file with hard filed numbers rather than vibes. In the 10-Q for the period ending 2026-03-31, SEC EDGAR financials show revenues of $1.41B, operating income of negative $21.4M, net income attributable to parent of negative $394.1M, diluted EPS of negative $1.49, and cash and cash equivalents of $10.21B. The company is large, liquid on the filed cash line, and plainly not being flattered by the income statement.

What Coinbase actually does matters because this is not just a ticker wrapped around a crypto slogan. The 10-Q says the company is obligated to securely store all crypto assets and payment stablecoins held or managed on behalf of customers in digital wallets on the platform, including custody services and other assets for which the company holds responsibility. The operating story is therefore exchange activity, custody responsibility, staking, stablecoin use, institutional financing and subscription services, not one neat revenue switch.

The March 2026 filing also gives the shape of the business. The 10-Q says that for the three months ended 2026-03-31, net revenue was $1.3B, including $755.8M in transaction revenue and $583.5M in subscription and services revenue. The source facts add assets of $28.85B, liabilities of $15.37B, stockholders' equity attributable to parent of $13.48B, net cash provided by operating activities of $182.7M, research and development expense of $525.6M, and diluted weighted average shares outstanding of 264.8M.

The supplied rail does not include a TradingView route, candle data, price levels or chart source, so this report cannot claim momentum, support, resistance or any visual pattern. The market mechanism that can be described from the sources is the business mechanism: transaction revenue, subscription and services revenue, custody obligations, stablecoin balances, cash resources and formal SEC filings.

The named June development is official filing trail. SEC EDGAR lists a Coinbase 8-K dated 2026-06-18 and several Form 4 filings dated 2026-06-18, but the supplied evidence does not parse the economic terms or transaction details inside those Form 4 pages. That is useful and limiting at once: it proves fresh official activity, while keeping the story away from invented claims about management conduct or market reaction.

The May 7 earnings rail deepens the product story. Coinbase published an earnings presentation related to the quarter ended 2026-03-31, and that presentation listed Q1 financial highlights of total revenue of $1.4B, transaction revenue of $756M, subscription and services revenue of $584M, adjusted EBITDA of $303M, and cash and cash equivalents of $10.2B. It also cited $19B average USDC held in Coinbase products in Q1, USDC market cap reaching $80B supply in Q1, and subscription and services at 44% of total net revenue in Q1.