Coinbase Global (COIN) rose 1.79% to $167.26 during intraday trading on February 17, 2026. The stock extended gains following a 16% surge last week triggered by Q4 2025 earnings reported on February 12.
Management confirmed the completion of a $1.7 billion share buyback and authorized an additional $2 billion for future repurchases. The company reported a GAAP net loss and a revenue miss at $1.78 billion for the quarter. Despite the loss, Coinbase achieved its 12th consecutive quarter of positive adjusted EBITDA. The firm maintains a total cash reserve of $11.3 billion.
COIN is currently decoupling from the broader cryptocurrency market. Bitcoin fell 1.93% and Ethereum dropped 1.66% since the last close amid geopolitical tensions in the Strait of Hormuz. The S&P 500 declined 0.17% as tech sector weakness weighed on the broader market. Analysts currently note a premium valuation for the stock at 29.56X forward P/E.