Coinbase Global (COIN) Research & Development (2020 - 2026)
Coinbase Global's (COIN) quarterly Research & Development came in at $472.8 million in Q2 2026, up 22.08% year-over-year from $387.3 million in Q2 2025, and down 10.04% quarter-over-quarter from $525.6 million in Q1 2026.
Analysis
Coinbase Global (COIN) Research & Development (2020 - 2026) Analysis & Trends
Coinbase Global (COIN) has reported Research & Development for 7 consecutive years, with $472.8 million the latest figure, recorded in Q2 2026.
- On a quarterly basis, Research & Development rose 22.08% year-over-year to $472.8 million in Q2 2026; TTM through Jun 2026 was $1.9 billion, a 29.39% increase from a year earlier, with the FY2025 full-year figure at $1.7 billion, up 13.78% from the prior year.
- Research & Development was $472.8 million for Q2 2026 at Coinbase Global, down from $525.6 million in the prior quarter.
- Over five years, Research & Development peaked at $609.2 million in Q2 2022 and troughed at $320.7 million in Q2 2023.
- A 5-year average of $432.7 million and a median of $382.4 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development jumped 143.8% in 2022 and sank 47.37% in 2023, its largest moves.
- Over 5 years, Research & Development stood at $590.1 million in 2022, then plunged by 45.25% to $323.1 million in 2023, then grew by 14.12% to $368.7 million in 2024, then soared by 34.89% to $497.3 million in 2025, then fell by 4.92% to $472.8 million in 2026.
- The last three Research & Development figures came in at $472.8 million (Q2 2026), $525.6 million (Q1 2026), and $497.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 46.24 Bn | 37.45 Bn | 1.16 Bn | 472.85 Mn |
| 2 | Bullish | 4.41 Bn | 4.30 Bn | 15.53 Mn | - |
| 3 | Canton Strategic Holdings | 481.44 Mn | 481.44 Mn | - | - |
| 4 | Cypherpunk Technologies | 454.37 Mn | 454.37 Mn | - | 197,000.00 |
| 5 | Coincheck | 269.81 Mn | 168.21 Mn | 11.20 Mn | - |
| 6 | Wewards | 214.97 Mn | 214.97 Mn | - | - |
| 7 | TON Strategy | 179.57 Mn | 179.55 Mn | - | - |
| 8 | Usbc | 178.55 Mn | 174.89 Mn | - | 276,000.00 |
| 9 | Universal Token | 174.68 Mn | 174.68 Mn | - | - |
| 10 | Streamex | 123.02 Mn | 104.56 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 472.85 Mn |
| Mar 31, 2026 | 525.65 Mn |
| Dec 31, 2025 | 497.33 Mn |
| Sep 30, 2025 | 430.59 Mn |
| Jun 30, 2025 | 387.32 Mn |
| Mar 31, 2025 | 355.37 Mn |
| Dec 31, 2024 | 368.69 Mn |
| Sep 30, 2024 | 377.44 Mn |
| Jun 30, 2024 | 364.26 Mn |
| Mar 31, 2024 | 357.86 Mn |
| Dec 31, 2023 | 323.09 Mn |
| Sep 30, 2023 | 322.76 Mn |
| Jun 30, 2023 | 320.67 Mn |
| Mar 31, 2023 | 358.03 Mn |
| Dec 31, 2022 | 590.10 Mn |
| Sep 30, 2022 | 556.34 Mn |
| Jun 30, 2022 | 609.25 Mn |
| Mar 31, 2022 | 570.66 Mn |
| Dec 31, 2021 | 459.61 Mn |
| Sep 30, 2021 | 356.26 Mn |