Coinbase Global (COIN) Research & Development (2020 - 2026)

Coinbase Global's (COIN) quarterly Research & Development came in at $266.7 million in Q1 2026, down 24.94% year-on-year from $355.4 million in Q1 2025, and down 15.27% on a QoQ basis from $314.8 million in Q4 2025.

Coinbase Global (COIN) Research & Development (2020 - 2026) Analysis & Trends

Coinbase Global (COIN) has 7 years of Research & Development data on file, last reported at $266.7 million in Q1 2026.

  • On a quarterly basis, Research & Development fell 24.94% year-over-year to $266.7 million in Q1 2026; TTM through Mar 2026 was $1.2 billion, a 11.07% increase from a year earlier, with the FY2025 full-year figure at $1.1 billion, up 61.75% from the prior year.
  • Research & Development for Q1 2026 stood at $266.7 million, down from $314.8 million in the prior quarter.
  • Over the last five years, Research & Development for COIN reached as high as $609.2 million in Q2 2022 and fell as low as $64.0 million in Q1 2023.
  • Historically, Research & Development has averaged $266.3 million across 5 years, with a median of $236.2 million in 2025.
  • Across the five-year window, Research & Development tumbled 81.99% in 2023 and surged 316.71% in 2024, its largest moves.
  • Year by year, Research & Development stood at $590.1 million in 2022, then tumbled by 81.99% to $106.3 million in 2023, then soared by 112.43% to $225.8 million in 2024, then soared by 39.39% to $314.8 million in 2025, then slipped by 15.27% to $266.7 million in 2026.
  • Per Business Quant data, the three most recent Research & Development figures were $266.7 million in Q1 2026, $314.8 million in Q4 2025, and $430.6 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Bit Origin 1,110.84 Bn 1,110.84 Bn - -
2 S&P Global 130.72 Bn 128.91 Bn 2.94 Bn -
3 Cme 92.16 Bn 92.16 Bn 1.65 Bn 83.30 Mn
4 Moodys 84.72 Bn 83.22 Bn 1.67 Bn -
5 Intercontinental Exchange 84.12 Bn 82.38 Bn - 238.00 Mn
6 Nasdaq 53.10 Bn 52.38 Bn 1.50 Bn 88.00 Mn
7 Coinbase Global 44.25 Bn 33.81 Bn 1.33 Bn 266.73 Mn
8 Msci 41.65 Bn 41.29 Bn 717.10 Mn 46.00 Mn
9 Cboe Global Markets 30.13 Bn 27.96 Bn 728.90 Mn 27.60 Mn
10 TransUnion 14.77 Bn 14.04 Bn 726.20 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 266.73 Mn
Dec 31, 2025 314.78 Mn
Sep 30, 2025 430.59 Mn
Jun 30, 2025 236.25 Mn
Mar 31, 2025 355.37 Mn
Dec 31, 2024 225.83 Mn
Sep 30, 2024 377.44 Mn
Jun 30, 2024 165.26 Mn
Mar 31, 2024 98.59 Mn
Dec 31, 2023 106.31 Mn
Sep 30, 2023 90.58 Mn
Jun 30, 2023 320.67 Mn
Mar 31, 2023 63.98 Mn
Dec 31, 2022 590.10 Mn
Sep 30, 2022 75.89 Mn
Jun 30, 2022 609.25 Mn
Mar 31, 2022 200.20 Mn
Dec 31, 2021 501.18 Mn
Sep 30, 2021 356.26 Mn
Jun 30, 2021 335.43 Mn