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Coinbase（COIN）与SoFi Technologies, Inc.（SOFI）财务数据对比。点击上方公司名可切换其他公司
Coinbase的季度营收约是SoFi Technologies, Inc.的1.7倍（$1.8B vs $1.0B），SoFi Technologies, Inc.净利率更高（16.9% vs -37.4%，领先54.4%），SoFi Technologies, Inc.同比增速更快（39.6% vs -21.6%），过去两年SoFi Technologies, Inc.的营收复合增速更高（26.1% vs 4.3%）
Coinbase是美国知名加密货币交易所，2012年由布莱恩·阿姆斯特朗与弗雷德·埃尔萨姆联合创立。截至2024年，平台拥有超1亿用户，业务覆盖100多个国家，是美国最大加密货币交易所、全球最大比特币托管机构，托管总资产近5160亿美元，持有约12%的流通比特币及11%的质押以太币。
SoFi Technologies是美国金融科技企业，2011年由斯坦福大学学生创立，持有全国性特许牌照运营线上银行，同时为其他金融机构提供技术解决方案，是美国规模最大的线上贷款机构，截至2025年累计服务客户达1370万。
COIN vs SOFI — 直观对比
营收规模更大
COIN
是对方的1.7倍
$1.0B
营收增速更快
SOFI
高出61.2%
-21.6%
净利率更高
SOFI
高出54.4%
-37.4%
两年增速更快
SOFI
近两年复合增速
4.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $1.8B | $1.0B |
| 净利润 | $-666.7M | $173.5M |
| 毛利率 | — | 84.2% |
| 营业利润率 | 15.4% | 18.1% |
| 净利率 | -37.4% | 16.9% |
| 营收同比 | -21.6% | 39.6% |
| 净利润同比 | -151.6% | -47.8% |
| 每股收益（稀释后） | $-2.43 | $0.14 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收COINSOFI
| Q4 25 | $1.8B | $1.0B | ||
| Q3 25 | $1.9B | $961.6M | ||
| Q2 25 | $1.5B | $854.9M | ||
| Q1 25 | $2.0B | $771.8M | ||
| Q4 24 | $2.3B | $734.1M | ||
| Q3 24 | $1.2B | $697.1M | ||
| Q2 24 | $1.4B | $598.6M | ||
| Q1 24 | $1.6B | $645.0M |
净利润COINSOFI
| Q4 25 | $-666.7M | $173.5M | ||
| Q3 25 | $432.6M | $139.4M | ||
| Q2 25 | $1.4B | $97.3M | ||
| Q1 25 | $65.6M | $71.1M | ||
| Q4 24 | $1.3B | $332.5M | ||
| Q3 24 | $75.5M | $60.7M | ||
| Q2 24 | $36.1M | $17.4M | ||
| Q1 24 | $1.2B | $88.0M |
毛利率COINSOFI
| Q4 25 | — | 84.2% | ||
| Q3 25 | — | 83.2% | ||
| Q2 25 | — | 82.4% | ||
| Q1 25 | — | 82.4% | ||
| Q4 24 | — | 82.5% | ||
| Q3 24 | — | 82.3% | ||
| Q2 24 | — | 81.7% | ||
| Q1 24 | — | 84.5% |
营业利润率COINSOFI
| Q4 25 | 15.4% | 18.1% | ||
| Q3 25 | 25.7% | 15.4% | ||
| Q2 25 | -1.6% | 13.1% | ||
| Q1 25 | 34.7% | 10.3% | ||
| Q4 24 | 45.5% | 8.2% | ||
| Q3 24 | 14.1% | 9.2% | ||
| Q2 24 | 23.7% | 2.6% | ||
| Q1 24 | 46.4% | 14.6% |
净利率COINSOFI
| Q4 25 | -37.4% | 16.9% | ||
| Q3 25 | 23.1% | 14.5% | ||
| Q2 25 | 95.4% | 11.4% | ||
| Q1 25 | 3.2% | 9.2% | ||
| Q4 24 | 56.8% | 45.3% | ||
| Q3 24 | 6.3% | 8.7% | ||
| Q2 24 | 2.5% | 2.9% | ||
| Q1 24 | 71.8% | 13.7% |
每股收益（稀释后）COINSOFI
| Q4 25 | $-2.43 | $0.14 | ||
| Q3 25 | $1.50 | $0.11 | ||
| Q2 25 | $5.14 | $0.08 | ||
| Q1 25 | $0.24 | $0.06 | ||
| Q4 24 | $4.66 | $0.31 | ||
| Q3 24 | $0.28 | $0.05 | ||
| Q2 24 | $0.14 | $0.01 | ||
| Q1 24 | $4.40 | $0.02 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $11.6B | $4.9B |
| 总债务越低越好 | $7.2B | — |
| 股东权益账面价值 | $14.8B | $10.5B |
| 总资产 | $29.7B | $50.7B |
| 负债/权益比越低杠杆越低 | 0.49× | — |
8季度趋势，按日历期对齐
现金及短期投资COINSOFI
| Q4 25 | $11.6B | $4.9B | ||
| Q3 25 | $9.8B | $3.2B | ||
| Q2 25 | $7.5B | $2.1B | ||
| Q1 25 | $8.1B | $2.1B | ||
| Q4 24 | $8.5B | $2.5B | ||
| Q3 24 | $7.7B | $2.4B | ||
| Q2 24 | $7.2B | $2.3B | ||
| Q1 24 | $6.7B | $3.7B |
总债务COINSOFI
| Q4 25 | $7.2B | — | ||
| Q3 25 | $7.2B | — | ||
| Q2 25 | $4.2B | — | ||
| Q1 25 | $4.2B | — | ||
| Q4 24 | $4.2B | — | ||
| Q3 24 | $4.2B | — | ||
| Q2 24 | $4.2B | — | ||
| Q1 24 | $4.2B | — |
股东权益COINSOFI
| Q4 25 | $14.8B | $10.5B | ||
| Q3 25 | $16.0B | $8.8B | ||
| Q2 25 | $12.1B | $6.9B | ||
| Q1 25 | $10.5B | $6.7B | ||
| Q4 24 | $10.3B | $6.5B | ||
| Q3 24 | $8.7B | $6.1B | ||
| Q2 24 | $8.4B | $5.9B | ||
| Q1 24 | $8.1B | $5.8B |
总资产COINSOFI
| Q4 25 | $29.7B | $50.7B | ||
| Q3 25 | $31.4B | $45.3B | ||
| Q2 25 | $23.5B | $41.1B | ||
| Q1 25 | $21.7B | $37.7B | ||
| Q4 24 | $22.5B | $36.3B | ||
| Q3 24 | $290.6B | $34.4B | ||
| Q2 24 | $287.0B | $32.6B | ||
| Q1 24 | $348.0B | $31.3B |
负债/权益比COINSOFI
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.45× | — | ||
| Q2 25 | 0.35× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.41× | — | ||
| Q3 24 | 0.48× | — | ||
| Q2 24 | 0.51× | — | ||
| Q1 24 | 0.52× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $3.1B | $-3.7B |
| 自由现金流经营现金流 - 资本支出 | — | $-4.0B |
| 自由现金流率自由现金流/营收 | — | -388.8% |
| 资本支出强度资本支出/营收 | — | 23.7% |
| 现金转化率经营现金流/净利润 | — | -21.56× |
| 过去12个月自由现金流最近4个季度 | — | $-6.9B |
8季度趋势，按日历期对齐
经营现金流COINSOFI
| Q4 25 | $3.1B | $-3.7B | ||
| Q3 25 | $-784.5M | $-1.3B | ||
| Q2 25 | $328.5M | $-1.5B | ||
| Q1 25 | $-182.7M | $21.5M | ||
| Q4 24 | $964.6M | $-1.1B | ||
| Q3 24 | $696.5M | $-1.2B | ||
| Q2 24 | $484.2M | $-484.4M | ||
| Q1 24 | $411.5M | $738.2M |
自由现金流COINSOFI
| Q4 25 | — | $-4.0B | ||
| Q3 25 | — | $-1.4B | ||
| Q2 25 | — | $-1.5B | ||
| Q1 25 | — | $-31.1M | ||
| Q4 24 | — | $-1.3B | ||
| Q3 24 | — | $-1.2B | ||
| Q2 24 | — | $-521.1M | ||
| Q1 24 | — | $706.3M |
自由现金流率COINSOFI
| Q4 25 | — | -388.8% | ||
| Q3 25 | — | -142.0% | ||
| Q2 25 | — | -179.0% | ||
| Q1 25 | — | -4.0% | ||
| Q4 24 | — | -173.5% | ||
| Q3 24 | — | -174.6% | ||
| Q2 24 | — | -87.0% | ||
| Q1 24 | — | 109.5% |
资本支出强度COINSOFI
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 6.2% | ||
| Q2 25 | — | 7.4% | ||
| Q1 25 | — | 6.8% | ||
| Q4 24 | — | 21.0% | ||
| Q3 24 | — | 6.2% | ||
| Q2 24 | — | 6.1% | ||
| Q1 24 | — | 5.0% |
现金转化率COINSOFI
| Q4 25 | — | -21.56× | ||
| Q3 25 | -1.81× | -9.37× | ||
| Q2 25 | 0.23× | -15.08× | ||
| Q1 25 | -2.79× | 0.30× | ||
| Q4 24 | 0.75× | -3.37× | ||
| Q3 24 | 9.23× | -19.32× | ||
| Q2 24 | 13.39× | -27.83× | ||
| Q1 24 | 0.35× | 8.39× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
COIN
| Bank Servicing Consumer Net | $733.9M | 41% |
| Subscription And Circulation | $727.4M | 41% |
| Bank Servicing Institutional | $185.0M | 10% |
| Other Revenue | $71.1M | 4% |
| Bank Servicing Other | $63.8M | 4% |
| Related Party | $1.3M | 0% |
SOFI
暂无分部数据
