Coinbase Q1 2026 Revenue Falls 31% to $1.41 Billion in Major Wall Street Miss
BeInCrypto
Coinbase reported Q1 2026 revenue of $1.41 billion, missing analyst expectations due to a significant decline in crypto trading volumes.Summary
Coinbase reported first-quarter 2026 revenue of $1.41 billion, a 31% year-over-year decline that missed Wall Street estimates. The company recorded a net loss of $394.1 million, or $1.49 per share, as total crypto market capitalization dropped by over 20%. Despite the trading slump, Coinbase achieved its 13th consecutive quarter of positive adjusted EBITDA and saw record participation from its subscription and services segment, which now accounts for 44% of net revenue. To manage costs, the company has announced a 14% workforce reduction.
(Source：BeInCrypto)