Coinbase Misses Estimates on Q1 Revenue, $400M Loss

Cointelegraph Staff

(04:12 AM UTC)

1 min read

Coinbase shares slid Thursday after the US crypto exchange reported a steep first-quarter loss while revenue missed Wall Street expectations.

Coinbase reported a net loss of $394.1 million in Q1, its second consecutive quarterly loss after reporting a $667 million loss in Q4 2025. It swung from a $65.6 million profit a year earlier.

“Macro conditions were genuinely tough,” Coinbase chief…

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