Coinbase Global (XSWX:COIN) Research & Development: CHF1,468 Mil (TTM As of Mar. 2026)


XSWX:COIN Coinbase Global Inc XSWX:COIN
60 GF Score
Price CHF120.05
GF Value CHF194.26
Valuation Possible Value Trap
! 9 Warning Signs
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What is Coinbase Global Research & Development?

Coinbase Global XSWX:COIN -7.65% 60 Research & Development is CHF1,468 Mil as of Mar. 2026. GuruFocus rates XSWX:COIN with a GF Score™ of 60/100 and a GF Value™ of CHF194.26 (Possible Value Trap). The stock has 9 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Coinbase Global's Research & Development for the three months ended in Mar. 2026 was CHF414 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was CHF1,468 Mil.

Coinbase Global  (XSWX:COIN) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Coinbase Global Research & Development Related Terms

Coinbase Global Research & Development Historical Data

* Premium members only.

The historical data trend for Coinbase Global's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Coinbase Global Research & Development Chart

Coinbase Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 1,189.53 2,167.23 1,145.46 1,309.09 1,331.31

Coinbase Global Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 314.00 314.97 342.79 396.32 413.84
XSWX:COIN
60GF Score
Coinbase Global Inc XSWX:COIN
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Coinbase Global Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF1,468 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of CHF1,468 Mil mean?
Coinbase Global (XSWX:COIN) has a Research & Development of CHF1,468 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Coinbase Global and its competitors.
Is Coinbase Global's Research & Development too high?
Coinbase Global's current Research & Development is CHF1,468 Mil. Overall, Coinbase Global has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Coinbase Global's Research & Development compare to NDAQ and MSCI?
Coinbase Global's Research & Development of CHF1,468 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Capital Markets company?
A good Research & Development depends on the Capital Markets industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Coinbase Global and its competitors. Coinbase Global's current Research & Development is CHF1,468 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coinbase Global stock overvalued right now?
Based on GuruFocus' analysis, Coinbase Global (XSWX:COIN) is currently considered Possible Value Trap. The stock's GF Value™ is CHF194.26, compared to a current price of CHF120.05 — trading 38.2% below its estimated fair value. The current Research & Development is CHF1,468 Mil. Coinbase Global's overall GF Score™ is 60/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Coinbase Global (XSWX:COIN), the current Research & Development is CHF1,468 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Coinbase Global (XSWX:COIN) Overvalued in 2026?

Based on GuruFocus' analysis, Coinbase Global stock appears to be undervalued. The current stock price of CHF120.05 is trading 38.2% below its estimated GF Value™ of CHF194.26. GuruFocus considers Coinbase Global to be Possible Value Trap.

Key valuation signals for XSWX:COIN:

  • Research & Development: CHF1,468 Mil
  • GF Value™: CHF194.26 vs. price of CHF120.05 (38.2% below fair value)
  • GF Score™: 60/100 with 9 warning signs

No single metric tells the full story. See the XSWX:COIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Coinbase Global Business Description

Address One Madison Avenue, Suite 2400, New York, NY, USA, 10010
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
60GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF120.05
Price
CHF194.26
GF Value