Coinbase Global, Inc. reported second-quarter 2026 results with revenue of $1.22B and a net loss attributable to common shareholders of $359.5M, or $(1.36) diluted EPS, versus revenue of $1.497B, net income of $1.429B and diluted EPS of $5.14 in the year-ago quarter.
Financial Highlights
- Revenue: $1.22B in 2Q 2026, compared with $1.497B in 2Q 2025 (YoY change (18.5%)).
- Net income: Net loss attributable to common shareholders of $(359.5)M for 2Q 2026, versus net income of $1.429B in 2Q 2025.
- Diluted EPS: $(1.36) in 2Q 2026, compared with $5.14 in 2Q 2025.
Business Highlights
- Revenue mix shifted as transaction revenue declined year over year while subscription and services gained share, driven by stablecoins and services growth.
- Product priorities include expanding the exchange offering, scaling stablecoins and payments, and promoting on-chain adoption; the company also expanded tradable assets and maintained derivatives capabilities.
- Customer engagement metrics were mixed: monthly transacting users (MTUs) declined modestly and assets on platform (AOP) fell largely due to crypto price declines, even as average USDC balances in products reached record levels.
- Management announced a restructuring to right-size expenses for the AI era and optimize operations, implementing cost adjustments and expanding USDC rewards.
Original SEC Filing:
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