| COIN |
Report |
Total revenue |
MISS |
pred ~$1.27B vs. cons $1.33B |
MEDIUM |
| COIN |
Report |
Transaction revenue |
MISS |
pred ~$610M vs. cons $620M |
MEDIUM |
| COIN |
Report |
Subscription and services revenue |
MISS |
pred ~$590M vs. cons $641M |
MEDIUM |
| COIN |
Guide |
Subscription and services revenue |
LOWER |
guide ~$600M vs. cons $630M (Q3 2026) |
MEDIUM |
| COIN |
Guide |
Adjusted expenses |
UNCHANGED |
guide ~$4.43B vs. cons $4.45B (FY 2026) |
MEDIUM |
| COIN |
Return |
Day-1 residual (stock − beta × S&P 500) |
-7.5% |
— |
MEDIUM |
| COIN |
Return |
5-day cumulative residual |
-10.0% (FOLLOW-THROUGH) |
Q2 transaction and subscription shortfalls plus a below-consensus Q3 subscription run-rate should drive FY2026 revenue and EBITDA estimate cuts; maintained expense guidance limits the offset, so revisions likely extend the initial decline despite regulatory optionality. |
MEDIUM |