Coinbase Q1 2026 revenue of $1.41B, down 30.5%; net loss $394M, adjusted EBITDA $303M

Coinbase's 10-Q for the quarter ended March 31, 2026 reports total revenue of $1.41 billion, down 30.5% from $2.03 billion a year earlier. The company posted a net loss of $394.1 million and adjusted EBITDA of $303.3 million, compared with $929.9 million of adjusted EBITDA in the prior-year quarter.

• Total revenue $1.41B (Q1 2025: $2.03B), down 30.5%
• Net loss $394.1M
• Adjusted EBITDA $303.3M (Q1 2025: $929.9M)