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Coinbase Global (Nasdaq: COIN), the largest crypto trading exchange in the U.S., published its earnings for the third quarter of 2025 on Oct. 30.
The company reported $1.5 in earnings per share (EPS) for Q3 as compared to analyst expectations of only $1.05, beating estimates by 45%.
It earned a revenue of $1.86 billion during the quarter, higher than the estimated $1.75 billion.
Launched by Brian Armstrong in 2012, Coinbase went public via a direct stock listing on Nasdaq in 2021. It got included in the S&P 500 index in May this year, becoming the first crypto company to find a home in the much-coveted club.
As per Zacks Equity Research, Wall Street analysts expect Coinbase to post $1.03 in quarterly earnings per share (EPS) and $1.75 billion in quarterly revenue.
However, the crypto company's stock closed at $328.51, down around 5% in a day.
The fall isn't sudden. In fact, the stock has been closing lower everyday since Oct. 27, down over 7% over the last four days.
The last time COIN closed higher was on Oct. 24.
More News:
Analysts share Coinbase price targets
JP Morgan’s Kenneth Worthington is very bullish on Coinbase. He has upgraded his ranking to "Overweight" and predicted its stock price to hit $404 in December 2026, given it launches a Base token.
Barclays’ Benjamin Budish granted an "Equal Weight" rating on Coinbase. Though he expected strong third-quarter earnings, he lowered his target from $365 to $361.
Though Compass Point’s Ed Engel expected Coinbase's third-quarter earnings to beat expectations, he maintained a “Sell” rating on the stock. Investors may be underestimating the impact of USDC and staking payouts hollowing profits, he shared his concern.
This article has been published in thestreet.com via Yahoo News.
