🔻 Coinbase completed the first quarter of 2026 with a net loss of $394.1 million.



The main reason is a $482 million drop in the investment crypto portfolio amid a market correction.

Revenue decreased by 31% — to $1.41 billion. Trading fees brought in $756 million (-40%), subscriptions and services — $584 million (-14%). Adjusted EBITDA fell from $930 million to $303 million.

Losses are recorded for the second consecutive quarter: in the previous reporting period, the figure was $667 million.

Bernstein analysts maintained the target stock price at $330, citing undervaluation of the shares and progress in the adoption of the CLARITY Act.
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