Coinbase reports net loss of $394 million in Q1, total revenue falls to $1.41 billion

Odaily reports that according to Q1 2026 financial results, impacted by declining crypto asset prices and reduced trading activity, the company recorded a net loss of $394.1 million for the quarter, including a $482 million loss from holding investment-purpose digital assets. Total revenue stood at $1.41 billion, down 31% year-over-year; trading revenue was $756 million, down 40% year-over-year. Subscription and services revenue reached $584 million.

CEO Brian Armstrong stated that the company is transitioning from a spot crypto platform to a multi-asset platform encompassing derivatives, commodities, futures, and prediction market contracts. Additionally, stablecoin-related revenue grew 11% to $305 million, while its global crypto trading market share stood at 8.6%. Following the earnings release, the company's stock fell approximately 6% in after-hours trading.