13 Most Profitable Growth Stocks to Buy Now

6. Coinbase Global, Inc. (NASDAQ:COIN)

Net Profit in the latest fiscal year: $1.93 billion

Revenue CAGR last 5 years: 140.45%

Number of Hedge Fund Holders: 69

​Coinbase Global, Inc. (NASDAQ:COIN) operates a cryptocurrency platform facilitating the trading, custody, staking, and transfer of digital assets. Serving customers in over 100 countries, COIN has become a significant player in the global crypto ecosystem.

Coinbase Global, Inc. (NASDAQ:COIN) delivered exceptional financial performance in 2024, with total revenue more than doubling to $6.6 billion and generating $3.3 billion in adjusted EBITDA, marking its second consecutive year of positive adjusted EBITDA. The company’s subscription and services revenue grew impressively by 64% YoY to $2.3 billion, driven by USDC stablecoin, staking, and Coinbase One services. Its international revenue share reached 19% in Q4, demonstrating successful expansion through improved payment rails and localization efforts. The company achieved an all-time high for both US spot and global derivatives market share in Q4, showcasing its growing market dominance.

Looking forward, Coinbase Global, Inc. (NASDAQ:COIN) is well-positioned to capitalize on new regulatory tailwinds, particularly with the election of the most pro-crypto Congress and President in history. The company’s strategy focuses on growing revenue with existing products, driving utility in new categories, and building foundations for the next decade of growth. It has set ambitious goals, including making USDC the #1 dollar stablecoin and expanding its international presence through its proven playbook. Besides explosive historical revenue growth and strong guidance ahead, at least 69 hedge funds express confidence in COIN by holding the stock at the end of Q4 2024, making it one of the most profitable growth stocks to consider.