COIN financials:
2020 Financials shows a net profit margin of about 8.5%. 2019 was a loss. EBITDA margins about 20%, again 2019 was a loss. Their 2021 projections seems insanely high (projecting Q1 revenue equal to all of 2020 revenue). I like that SGA expense slowed down considerably as revenue increased from 2019 to 2020. I dont see this thing as vaporware with my cursory look at the financials, but I also dont see it as a 100b company. It needs to churn about 1b in revenue a year to maintain profitability at the current expenses.
Detailed annual and quarterly income statement for Coinbase Global, Inc. (COIN). See many years of revenue, expenses and profits or losses.
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