Coinbase (COIN) earnings Q1 2026
Coinbase posted lower-than-expected outcomes for the primary quarter as crypto costs fell, weighing on one of many firms’ main income drivers — spot buying and selling in digital belongings.
Here’s how Coinbase carried out in its quarter ended March 31, in contrast with what Wall Street was anticipating, based mostly on a survey of analysts by LSEG:
- Earnings per share: $1.49 loss vs. 27 cent revenue (estimated)
- Revenue: $1.41 billion vs. $1.52 billion (est.)
Coinbase shares have been not too long ago down 4% in postmarket buying and selling.
The firm, which operates the most important cryptocurrency market within the US, posted transaction income of $755.8 million versus $805.2 million anticipated by analysts. Subscription income got here in at $583.5 million versus $619.3 million anticipated.
Investors have been bracing for a pointy slowdown in buying and selling quantity given the crypto worth hunch in the beginning of the 12 months. Bitcoin rose 12% in March, however posted a 22% decline within the first quarter.
Coinbase, identified largely for its cryptocurrency buying and selling platform, is attempting to diversify its income streams by its subscription and enterprise providers, which incorporates income from stablecoins and staking. Investors are on the lookout for proof that Coinbase can nonetheless earn money when buying and selling dries up. They are additionally hoping for a progress report on when the corporate’s non-transaction companies might be massive sufficient to offset the cyclicality of transaction charges throughout slowdowns.
Investors will hear carefully for commentary round margins and working self-discipline following this week’s announcement that Coinbase will cut roughly 14% of its workforceor 700 jobs. The firm pointed to the layoffs as being a part of a broader AI-driven restructuring effort, and it additionally cited the crypto downturn as a driver.
The job cuts underscore expectations that subdued buying and selling circumstances might persist into the second quarter.
Read Coinbase’s full shareholder slide deck here.
This story is creating. Please examine again for additional updates.