Coinbase (NASDAQ: COIN) reported its first quarter 2026 earnings on May 7, after the closing bell.

The crypto exchange posted revenue of $1.41 billion, falling short of the Wall Street consensus of $1.48 billion drawn from 22 analysts on Yahoo Finance.

The result represented a 31% year-over-year decline, roughly in line with the broader crypto market pullback.

The earnings miss was more pronounced. Analysts had penciled in a normalized EPS of $0.04, but Coinbase posted a GAAP net loss of $394 million, translating to $1.49 per share.

A significant drag came from $482 million in unrealized losses on crypto assets held for investment, tied largely to Bitcoin's slide during the quarter.

Stacker_Stocks

> Coinbase (NASDAQ: COIN) reported its first quarter 2026 earnings on May 7, after the closing bell.
> 
> The crypto exchange posted revenue of $1.41 billion, falling short of the Wall Street consensus of $1.48 billion drawn from 22 analysts on Yahoo Finance.
> 
> The result represented a 31% year-over-year decline, roughly in line with the broader crypto market pullback.
> 
> The earnings miss was more pronounced. Analysts had penciled in a normalized EPS of $0.04, but Coinbase posted a GAAP net loss of $394 million, translating to $1.49 per share.
> 
> A significant drag came from $482 million in unrealized losses on crypto assets held for investment, tied largely to Bitcoin's slide during the quarter.
> 
> ...

[https://www.thestreet.com/crypto/markets/coinbase-misses-revenue-estimates-in-q1](https://www.thestreet.com/crypto/markets/coinbase-misses-revenue-estimates-in-q1)