Coinbase vs Strategy: Revenue Comparison
Coinbase (COIN) and Strategy (MSTR) are peers in Crypto. Coinbase reported revenue of $1.4B as of Q1 2026, compared with $124M for Strategy. Coinbase leads on revenue.
Coinbase's gross margin is 69.7% versus 67.1% for Strategy. Coinbase's net margin is -27.9% versus -10090.6% for Strategy.
Revenue Comparison
Chart: Revenue Comparison. Values in USD_BILLIONS. In Q1 2026: Coinbase 1.413, Strategy 0.124.
Latest Quarter Comparison
Table: Latest Quarter Comparison. 15 rows across Metric, Coinbase, Strategy.| Metric | Coinbase | Strategy |
|---|---|---|
| Market Cap | - | - |
| Revenue | $1.41B | $124.00M |
| Cost of Revenue | $429.00M | $41.00M |
| Gross Profit | $984.00M | $83.00M |
| Operating Income | $14.00M | $-15.00M |
| Net Income | $-394.00M | $-12.54B |
| R&D Expense | $526.00M | $25.00M |
| Earnings Per Share | -$1.49 | -$38.25 |
| Gross Margin | 69.7% | 67.1% |
| Operating Margin | 1.0% | -12.0% |
| Net Profit Margin | -27.9% | -10090.6% |
| Free Cash Flow | $183.00M | $13.00M |
| Cumulative Free Cash Flow | $21.86B | $-30.27B |
| Operating Cash Flow | $183.00M | $14.00M |
| Cash & Equivalents | $10.21B | $2.21B |