$COIN Q3 RESULTS & OUTLOOK
• EPS: $1.50 vs. est. $1.21
• Revenue: $1.87B vs. est. $1.78B
Q4 2025 Outlook:
• Subscription & Services Revenue: $710–$790M
• Transaction Expenses: mid-teens % of net revenue
• Tech & G&A Expenses: $925–$975M (incl. ~$220M SBC)
• Sales & Marketing: $215–$315M (incl. ~$14M SBC)
From X
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