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Coinbase vs MicroStrategy: financial comparison

Compare Coinbase and MicroStrategy side by side: valuation, margins, growth, cash and dividends, with the quarterly history of both. Yahoo Finance data, free and no sign-up.

COIN

Coinbase

COIN

199.69 USD

See the Coinbase breakdown →
MSTR

MicroStrategy

MSTR

164.15 USD

See the MicroStrategy breakdown →

Coinbase vs MicroStrategy: key metrics

CoinbaseUSDMicroStrategyUSD
Valuation
Market cap52.69 B USD65.21 B USD
P/E (TTM)——
Forward P/E70.433.32
Price / Sales8.72130.84
EV / EBITDA72.80-2.29
Price / Book4.031.97
Margins & growth
Profit margin-16.34%0%
Operating margin-13.92%-6,808.11%
Quarterly revenue (YoY)-18.51%+6.88%
Quarterly earnings (YoY)-125.16%-182.03%
Cash flow
FCF yield+6%-36.44%
Stock-based compensation938.95 M USD53.25 M USD
Balance
Cash8.79 B USD2.45 B USD
Debt6.67 B USD6.77 B USD
Net position2.12 B USD-4.32 B USD
Dividend
Dividend yield——
Payout ratio0%0%

Each column shows figures in that company's reporting currency (shown in the header); they are not converted. Ratios and percentages are currency-independent.

Price, rebased to 100

Coinbase86MicroStrategy274
025050075020212026

P/E (TTM)

Coinbase62.2×MicroStrategy64.6×
025050075020232026

Both curves start at 100 on the same day, so this compares returns rather than prices. Each week's P/E is the price divided by the earnings per share already reported by that date; loss-making weeks are not drawn.

What analysts expect

Consensus revenue and earnings per share for the periods not yet reported.

Revenue forecast · Coinbase

ReportedEstimate
0500M1B2BQ3 25: 1.87 B USDQ3 25Q4 25: 1.78 B USDQ4 25Q1 26: 1.41 B USDQ1 26Q2 26: 1.22 B USDQ2 26Q3 26 · Estimate: 1.16 B USD (1.02 B USD – 1.36 B USD)Q3 26Q4 26 · Estimate: 1.34 B USD (1.08 B USD – 1.80 B USD)Q4 26USD

Consensus of 20 analysts for Q3 26 · -37.79% year on year

Revenue forecast · MicroStrategy

ReportedEstimate
050M100MQ3 25: 128.69 M USDQ3 25Q4 25: 122.99 M USDQ4 25Q1 26: 124.30 M USDQ1 26Q2 26: 122.37 M USDQ2 26Q3 26 · Estimate: 129.53 M USD (122.00 M USD – 136.70 M USD)Q3 26Q4 26 · Estimate: 126.39 M USD (117.63 M USD – 133.70 M USD)Q4 26USD

Consensus of 9 analysts for Q3 26 · +0.65% year on year

EPS forecast · Coinbase

ReportedEstimate
-2-101Q3 25: 1.50 · expected 1.13 (+32.31%)Q3 25Q4 25: -2.49 · expected 0.94 (-364.89%)Q4 25Q1 26: -1.49 · expected 0.04 (-3,458.88%)Q1 26Q2 26: -1.36 · expected -0.23 (-487.47%)Q2 26Q3 26 · Estimate: -0.22 (-0.77 – 0.38)Q3 26Q4 26 · Estimate: 0.10 (-0.69 – 1.04)Q4 26

Consensus of 17 analysts for Q3 26 · -114.73% year on year · adjusted earnings

EPS forecast · MicroStrategy

ReportedEstimate
050Q3 25: 8.42 · expected 9.67 (-12.95%)Q3 25Q4 25: -42.93 · expected -20.99 (-104.53%)Q4 25Q1 26: -38.25 · expected -15.33 (-149.58%)Q1 26Q2 26: -24.45 · expected 3.07 (-895.3%)Q2 26Q3 26 · Estimate: 16.39 (-0.99 – 52.82)Q3 26Q4 26 · Estimate: 17.54 (-0.97 – 66.62)Q4 26

Consensus of 7 analysts for Q3 26 · +94.65% year on year · adjusted earnings

Analyst consensus from Yahoo Finance. The dashed bar is the average and the whisker runs from the lowest analyst to the highest. On periods already reported, the green or red line marks what had been expected: below the bar means the company beat it. EPS is measured on an adjusted basis, which is what analysts forecast against and is not the accounting profit in the statements.

Compared over time

Revenue

CoinbaseMicroStrategy
0500M1B2BQ1 22 · Coinbase: 1.17 B USDQ1 22 · MicroStrategy: 119.28 M USDQ1 22Q2 22 · Coinbase: 808.33 M USDQ2 22 · MicroStrategy: 122.07 M USDQ3 22 · Coinbase: 590.34 M USDQ3 22 · MicroStrategy: 125.36 M USDQ4 22 · Coinbase: 629.11 M USDQ4 22 · MicroStrategy: 132.55 M USDQ4 22Q1 23 · Coinbase: 772.53 M USDQ1 23 · MicroStrategy: 121.92 M USDQ2 23 · Coinbase: 707.91 M USDQ2 23 · MicroStrategy: 120.40 M USDQ3 23 · Coinbase: 674.15 M USDQ3 23 · MicroStrategy: 129.46 M USDQ3 23Q4 23 · Coinbase: 953.80 M USDQ4 23 · MicroStrategy: 124.48 M USDQ1 24 · Coinbase: 1.64 B USDQ1 24 · MicroStrategy: 115.25 M USDQ2 24 · Coinbase: 1.45 B USDQ2 24 · MicroStrategy: 111.44 M USDQ2 24Q3 24 · Coinbase: 1.21 B USDQ3 24 · MicroStrategy: 116.07 M USDQ2 25 · Coinbase: 1.50 B USDQ2 25 · MicroStrategy: 114.49 M USDQ3 25 · Coinbase: 1.87 B USDQ3 25 · MicroStrategy: 128.69 M USDQ3 25Q4 25 · Coinbase: 1.78 B USDQ4 25 · MicroStrategy: 122.99 M USDQ1 26 · Coinbase: 1.41 B USDQ1 26 · MicroStrategy: 124.30 M USDQ2 26 · Coinbase: 1.22 B USDQ2 26 · MicroStrategy: 122.37 M USDQ2 26USD

Net income

CoinbaseMicroStrategy
-10B010BQ1 22 · Coinbase: -429.66 M USDQ1 22 · MicroStrategy: -130.75 M USDQ1 22Q2 22 · Coinbase: -1.09 B USDQ2 22 · MicroStrategy: -1.06 B USDQ3 22 · Coinbase: -544.64 M USDQ3 22 · MicroStrategy: -27.08 M USDQ4 22 · Coinbase: -532.05 M USDQ4 22 · MicroStrategy: -249.67 M USDQ4 22Q1 23 · Coinbase: -78.90 M USDQ1 23 · MicroStrategy: 461.19 M USDQ2 23 · Coinbase: -97.41 M USDQ2 23 · MicroStrategy: 22.24 M USDQ3 23 · Coinbase: -2.27 M USDQ3 23 · MicroStrategy: -143.44 M USDQ3 23Q4 23 · Coinbase: 278.57 M USDQ4 23 · MicroStrategy: 89.13 M USDQ1 24 · Coinbase: 1.18 B USDQ1 24 · MicroStrategy: -53.12 M USDQ2 24 · Coinbase: 36.15 M USDQ2 24 · MicroStrategy: -102.56 M USDQ2 24Q3 24 · Coinbase: 75.50 M USDQ3 24 · MicroStrategy: -340.17 M USDQ2 25 · Coinbase: 1.43 B USDQ2 25 · MicroStrategy: 10.02 B USDQ3 25 · Coinbase: 432.55 M USDQ3 25 · MicroStrategy: 2.79 B USDQ3 25Q4 25 · Coinbase: -666.73 M USDQ4 25 · MicroStrategy: -12.44 B USDQ1 26 · Coinbase: -394.12 M USDQ1 26 · MicroStrategy: -12.54 B USDQ2 26 · Coinbase: -359.47 M USDQ2 26 · MicroStrategy: -8.22 B USDQ2 26USD

Free cash flow

CoinbaseMicroStrategy
-5B0Q1 22 · Coinbase: -92.56 M USDQ1 22 · MicroStrategy: 43.04 M USDQ1 22Q2 22 · Coinbase: -353.67 M USDQ2 22 · MicroStrategy: -21.70 M USDQ3 22 · Coinbase: -397.50 M USDQ3 22 · MicroStrategy: -1.79 M USDQ4 22 · Coinbase: -744.62 M USDQ4 22 · MicroStrategy: -18.83 M USDQ4 22Q1 23 · Coinbase: 463.03 M USDQ1 23 · MicroStrategy: 36.90 M USDQ2 23 · Coinbase: 150.80 M USDQ2 23 · MicroStrategy: -19.11 M USDQ3 23 · Coinbase: 313.78 M USDQ3 23 · MicroStrategy: -8.85 M USDQ3 23Q4 23 · MicroStrategy: 837.00 K USDQ1 24 · MicroStrategy: 27.04 M USDQ2 24 · MicroStrategy: -24.05 M USDQ2 24Q3 24 · MicroStrategy: -41.39 M USDQ2 25 · Coinbase: 240.08 M USDQ2 25 · MicroStrategy: -6.82 B USDQ3 25 · Coinbase: -1.73 B USDQ3 25 · MicroStrategy: -4.97 B USDQ3 25Q4 25 · Coinbase: 3.07 B USDQ4 25 · MicroStrategy: -3.12 B USDQ1 26 · Coinbase: 182.74 M USDQ1 26 · MicroStrategy: -7.24 B USDQ2 26 · Coinbase: 197.31 M USDQ2 26 · MicroStrategy: -6.43 B USDQ2 26USD

EPS

CoinbaseMicroStrategy
-50050Q1 22 · Coinbase: -1.98Q1 22 · MicroStrategy: -11.58Q1 22Q2 22 · Coinbase: -4.98Q2 22 · MicroStrategy: -94.01Q3 22 · Coinbase: -2.43Q3 22 · MicroStrategy: -2.39Q4 22 · Coinbase: -2.44Q4 22 · MicroStrategy: 95.00Q4 22Q1 23 · Coinbase: -0.34Q1 23 · MicroStrategy: 31.79Q2 23 · Coinbase: -0.42Q2 23 · MicroStrategy: 1.52Q3 23 · Coinbase: -0.01Q3 23 · MicroStrategy: -1.01Q3 23Q4 23 · Coinbase: 1.14Q4 23 · MicroStrategy: -29.66Q1 24 · Coinbase: 4.40Q1 24 · MicroStrategy: -0.31Q2 24 · Coinbase: 0.14Q2 24 · MicroStrategy: -0.57Q2 24Q3 24 · Coinbase: 0.28Q3 24 · MicroStrategy: -1.72Q2 25 · Coinbase: 5.14Q2 25 · MicroStrategy: 32.60Q3 25 · Coinbase: 1.50Q3 25 · MicroStrategy: 8.42Q3 25Q4 25 · Coinbase: -2.49Q4 25 · MicroStrategy: -42.93Q1 26 · Coinbase: -1.49Q1 26 · MicroStrategy: -38.25Q2 26 · Coinbase: -1.36Q2 26 · MicroStrategy: -24.45Q2 26

EBITDA

CoinbaseMicroStrategy
-10B010BQ1 22 · Coinbase: -522.88 M USDQ1 22 · MicroStrategy: -167.27 M USDQ1 22Q2 22 · Coinbase: -1.00 B USDQ2 22 · MicroStrategy: -916.05 M USDQ3 22 · Coinbase: -516.37 M USDQ3 22 · MicroStrategy: 8.21 M USDQ4 22 · Coinbase: -514.52 M USDQ4 22 · MicroStrategy: -189.76 M USDQ4 22Q1 23 · Coinbase: -82.67 M USDQ1 23 · MicroStrategy: -16.88 M USDQ2 23 · Coinbase: -36.59 M USDQ2 23 · MicroStrategy: -23.48 M USDQ3 23 · Coinbase: -47.86 M USDQ3 23 · MicroStrategy: -22.50 M USDQ3 23Q4 23 · Coinbase: 145.10 M USDQ4 23 · MicroStrategy: -37.66 M USDQ1 24 · Coinbase: 789.79 M USDQ1 24 · MicroStrategy: -200.65 M USDQ2 24 · Coinbase: 377.62 M USDQ2 24 · MicroStrategy: -196.62 M USDQ2 24Q3 24 · Coinbase: 200.21 M USDQ3 24 · MicroStrategy: -426.60 M USDQ2 25 · Coinbase: 1.88 B USDQ2 25 · MicroStrategy: 14.03 B USDQ3 25 · Coinbase: 574.00 M USDQ3 25 · MicroStrategy: 3.89 B USDQ3 25Q4 25 · Coinbase: -792.60 M USDQ4 25 · MicroStrategy: -17.44 B USDQ1 26 · Coinbase: -374.13 M USDQ1 26 · MicroStrategy: -6.16 M USDQ2 26 · Coinbase: -308.49 M USDQ2 26 · MicroStrategy: -8.19 B USDQ2 26USD

Source: Yahoo Finance. Quarterly history grows automatically over time as new quarters are published.

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