Coinbase Global (COIN) Research & Development (2020 - 2026)
Coinbase Global (COIN) recorded Research & Development of $472.85 million in Q2 2026, up 22.1% from $387.32 million a year earlier but down 10.0% from the prior quarter.
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Analysis
Coinbase Global (COIN) Research & Development (2020 - 2026) Analysis & Trends
On a TTM basis, Coinbase Global's Research & Development came in at $1.93 billion as of Jun 30, 2026, up 29.4% year-over-year; for FY2025, it came in at $1.67 billion, up 13.8% from FY2024.
- Annual Research & Development has a five-year compound annual growth rate of 43.8% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $1.47 billion in FY2024 (+10.8%), $1.32 billion in FY2023 (-43.1%), $2.33 billion in FY2022 (+80.1%) and $1.29 billion in FY2021 (+375.3%).
- Quarterly Research & Development has ranged from $320.67 million in Q2 2023 to $609.25 million in Q2 2022 over the past five years.
- On a year-over-year basis, Research & Development has increased for five consecutive quarters, with growth averaging 19.5% over the last eight quarters.
- Peak year-over-year performance for Research & Development in the last five years was growth of 407.9% in Q4 2021, against a decline of 47.4% in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $525.65 million (Q1 2026), $497.33 million (Q4 2025) and $430.59 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 472.85 Mn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 849.00 Mn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 608.66 Mn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | - |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 90.59 Mn |
| 10 | Hut 8 | 11.42 Bn | 11.26 Bn | 48.04 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 |
API Access
Coinbase Global Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=COIN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "COIN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=COIN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();