Coinbase Global, Inc. Class A Common Stock (COIN) Financials
Key financial figures for Coinbase Global, Inc. Class A Common Stock (Q2 2026).
Coinbase reported Q2 2026 total revenue of $1,220.1 million, down 19% year-over-year, and swung to a GAAP net loss of $359.5 million ($1.36 per diluted share) as trading activity cooled despite a record 10.3% share of global crypto trading volume. Total revenue fell to $1,220.1 million, down 14% quarter-over-quarter and 19% year-over-year, below Wall Street estimates of roughly $1.29-1.31 billion. Transaction revenue declined 21% Q/Q and 22% Y/Y to $599.2 million as crypto trading volumes cooled; subscription and services revenue fell 5% Q/Q and 12% Y/Y to $555.1 million but still represented 48% of net revenue. GAAP net loss was $359.5 million ($1.36 per diluted share), a reversal from $1,428.9 million of net income in Q2 2025 (that prior-year figure had been lifted by roughly $1.5 billion of one-time investment gains). On the outlook: Coinbase guided Q3 2026 transaction revenue of $500-580 million and adjusted expenses of $980-1,080 million, with stock-based compensation of approximately $245 million. Figures are for Q2 2026, as Coinbase Global, Inc. reported them.
- Revenue
- $1.2B
- Net Income
- -$359M
- EPS
- $-1.36
- Total Assets
- $26.5B
- Operating Cash Flow
- $197M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $1.2B | -$359M | -$1.36 | -6.02% | $197M |
| Q1 FY2026 | $1.4B | -$394M | -$1.49 | 0.97% | $183M |
| Q4 FY2025 | $1.0B | -$667M | -$2.49 | -43.06% | $3.1B |
| Q3 FY2025 | $1.9B | $433M | $1.50 | 25.71% | -$785M |
| Q2 FY2025 | $1.5B | $1.4B | $5.14 | -1.65% | $328M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $7.2B | $1.3B | $4.45 | 19.99% | $2.4B |
| FY2024 | $6.6B | $2.6B | $9.48 | 35.15% | $2.6B |
| FY2023 | $3.1B | $95M | $0.37 | -5.2% | $923M |
Frequently asked questions
What was Coinbase Global, Inc.'s revenue last quarter?
Coinbase Global, Inc. reported revenue of $1.22 billion for Q2 FY2026, down 18.5% from the same period a year earlier.
Is Coinbase Global, Inc. profitable?
Not in its most recent reported period. Coinbase Global, Inc. reported a net loss of $359.5 million for Q2 FY2026, a net margin of -29.46% on revenue.
How has Coinbase Global, Inc.'s margin trended?
Operating margin was -6.02% in Q2 FY2026, compared with -1.65% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Coinbase Global, Inc. generate?
Coinbase Global, Inc. generated free cash flow of $197.3 million in Q2 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Coinbase Global, Inc. Class A Common Stock on SentiSense, with up to forty quarters and twenty fiscal years of history.