Coinbase reports a net loss of $394 million in Q1, CEO states transformation into a diversified asset platform

Deep Tide TechFlow news: on May 08, 2026, according to The Block, Coinbase released its financial results for the first quarter of 2026. The company reported a net loss of $394 million, including a loss of $482 million from holdings of crypto assets. Total revenue for the quarter was $1.41 billion, down 31% year over year; trading revenue fell 40% year over year to $756 million; subscription and services revenue decreased 14% to $584 million; and stablecoin revenue grew 11% to $305 million against the trend. Adjusted EBITDA was $303 million, down sharply from $930 million in the same period last year.

CEO Brian Armstrong said the company is transitioning from a spot crypto platform to an integrated platform that supports a range of asset classes, including derivatives, commodities, futures, and prediction markets, and emphasized that the fundamentals of the on-chain economy remain strong. After the financial report was released, Coinbase’s stock price dropped by about 6% in after-hours trading to $182.

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