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

Odaily Odaily reports that according to its Q1 2026 financial results, impacted by a decline in crypto asset prices and reduced trading activity, the company posted a net loss of $394.1 million for the quarter, including $482 million in losses from digital assets held for investment purposes. Total revenue was $1.41 billion, down 31% year-over-year; transaction 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, with its global crypto trading market share standing at 8.6%. Following the earnings release, its stock price fell approximately 6% in after-hours trading.