Coinbase Global COIN
NASDAQ COIN
$174.71 -4.23 (-2.36%)
As of: Sep 9, 2026 · 3:59 PM EDT

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

Historic Data

Download Data
DateValue
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