NASDAQ$COIN
Coinbase Global Inc · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Coinbase reported Q1 2026 total revenue of $1.41B with a net loss of $394.1M and Adjusted EBITDA of $303.3M as trading volume fell 50% YoY.
For the quarter ended March 31, 2026, Coinbase total revenue was $1.41 billion versus $2.03 billion a year ago, with net revenue of $1.34 billion. The company posted a net loss of $394.1 million compared with net income of $65.6 million in Q1 2025, and Adjusted EBITDA was $303.3 million versus $929.9 million. Trading volume declined 50% to $202 billion while monthly transacting users fell 15% to 8.2 million.
- Total revenue $1.41B (-31% YoY); net loss $394.1M vs net income $65.6M prior year.
- Adjusted EBITDA $303.3M; trading volume $202B (-50%).
- Net revenue split: transaction $756M and subscription/services $584M.
Headline financials
Revenue & EPS history
Coinbase · Revenue · Quarterly
$1.41B
Revenue by segment
Coinbase · $317M total across 2 segments · Q3 2023
- Interest and Finance Fee Income$243M+138.2%76.5%
- Blockchain Rewards$74.5M+18.6%23.5%
Forward guidance
Post-quarter management expects Q2 technology and G&A expenses lower than Q1 including restructuring impacts.
Tailwinds
- USDC reached record market cap on platform.
- Subscription and services $583.5M.
Headwinds
- 50% trading volume decline on softer crypto markets.
- Net loss on lower transaction revenue.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
-2.8%
Avg return
Earnings day
-2.0%
Avg return
5 days after
-1.3%
Avg return
30 days after
32%
8 / 25 earnings
Positive
+20.1%
Q1 2023
Best reaction
-35.7%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.1% | +4.6% | -21.0% | |
| Q4 2025 | +16.5% | +16.3% | +38.6% | |
| Q3 2025 | -2.2% | -2.8% | -17.0% | |
| Q2 2025 | -16.7% | -19.6% | -19.4% | |
| Q1 2025 | -3.6% | +27.6% | +21.7% | |
| Q4 2024 | -8.0% | -13.2% | -38.6% | |
| Q3 2024 | -18.4% | -15.2% | +34.8% | |
| Q2 2024 | -8.9% | -13.5% | -18.3% | |
| Q1 2024 | +6.3% | +2.0% | +7.5% | |
| Q4 2023 | +12.4% | +8.1% | +51.1% | |
| Q3 2023 | +10.3% | +14.5% | +71.9% | |
| Q2 2023 | -3.5% | -2.6% | -13.8% | |
| Q1 2023 | +20.1% | +24.2% | +33.1% | |
| Q4 2022 | -6.2% | -10.4% | +1.7% | |
| Q3 2022 | -3.1% | -16.3% | -21.5% | |
| Q2 2022 | -4.0% | -7.7% | -25.4% | |
| Q1 2022 | -35.7% | -18.7% | -23.6% | |
| Q4 2019 | +6.2% | +8.3% | +4.0% | |
| Q4 2021 | +2.4% | +13.6% | +8.1% | |
| Q3 2020 | -5.9% | -3.4% | -28.4% | |
| Q3 2021 | -7.2% | -3.1% | -25.4% | |
| Q2 2020 | -4.9% | -4.8% | -7.9% | |
| Q2 2021 | -0.7% | -6.9% | -8.6% | |
| Q4 2020 | -6.4% | -15.2% | -15.5% | |
| Q1 2021 | -8.9% | -15.7% | -21.0% | |
| Q1 2020 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro