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| Date | Value |
|---|---|
| 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 |