Coinbase Global, Inc.
Shortcut
2.04Normalized diluted EPS
+2807.6% vs Street
Street
0.07Normalized diluted EPS
October 25 consensus snapshot
Real
2.51Provider normalized diluted EPS
Model download
Explore the assumptions and calculations behind the forecast.
Shortcut’s reasoning.
Basis: consensus normalized actuals equal GAAP diluted EPS in all six history quarters, so GAAP mark-to-market items drive the scored number; consensus mean $0.07 (median -$0.19) mostly reflects analysts not marking crypto.
Observable quarter-end marks: BTC $58.5K->$83.6K (+43%), ETH $1,569->$2,684 (+71%) on 17,311 BTC / 150,279 ETH held at 30-Jun-26 => ~$703M gain on crypto held for investment; Circle stake +31% => ~$43M.
Core business roughly breakeven: revenue $1,199M (transaction $591M on flat avg BTC price and ~-10% CEX spot volume/day, S&S $545M vs $500-580M guide, corporate interest $63M) vs consensus $1,221M; adjusted expenses $1,020M vs $980-1,080M guide; GAAP operating loss ~$(16)M.
On the record.
- Reporting period
- Q3 2026 (FQ3 2026 - Sep 2026)
- Reporting basis
- consensus data-normalized diluted EPS (GAAP basis in all six frozen history quarters)
- Consensus snapshot
- October 25, 2026
- Model / effort
- Opus 5.5 · High effort
- Workbook
- Reviewed workbook
Record history
- Forecast generated
- Oct 26, 2026 at 3:56 AM PDT
- Reviewed revision completed
- Oct 26, 2026 at 3:56 AM PDT
- First published
- Oct 26, 2026 at 5:12 AM PDT
Result basis
Provider normalized actual revised from 0.27 to 2.51. Both literal current Normalized EPS panel and Previous reports table now show 2.51, independently reloaded and confirmed with all six frozen historical normalized actuals matching. Issuer GAAP diluted 2.51/basic 2.72 remains separately documented. Current rounded GAAP equality does not establish a vendor item-level crypto/investment/tax bridge. The original forecast retained crypto gains based on historical agreement and remains fixed. The observed provider revision, not an outcome-driven GAAP substitution, changes the scored actual. Earlier 0.27 evidence and result record are archived unchanged.