Coinbase shares jump more than 18% after Q4 miss

Coinbase shares rose more than 18% on February 13, 2026, the day after the fourth-quarter report, which showed a $667 million net loss and revenue of $1.78 billion, below analysts' expectations. Investors looked past the miss, and Bernstein kept its $440 price target and called the stock too cheap to sell.

• Shares up more than 18% from the prior close on February 13, 2026
• Q4 2025 net loss $667M; revenue $1.78B vs $1.84B expected
• Bernstein kept a $440 price target, after cutting it from $510 the prior month