Coinbase Global, Inc. (COIN) Announced Q1 2026 Earnings on May 7, 2026, Reporting "$1.4 billion of total revenue" for the quarter.

In Q1 2026, Coinbase Global, Inc. "generated $1.4 billion of total revenue" for the quarter.

The company reported a "quarterly net loss of 394million"and"303 million of positive adjusted EBITDA" for the quarter. "Total operating expenses were $1.4 billion" for the quarter. "Transaction revenue of $756 million" and "Subscription and services revenue was $584 million" were recorded for the quarter.

Management highlighted progress on their top priorities, which include the "Everything Exchange," "stable coins and payments," and "growing on chain". The company posted its "12th consecutive quarter of native unit growth" and "reached a new all-time high encryptotrading market share". Additionally, management announced they are "transitioning to be an AI-native company," noting that "the number of requests per engineer is up almost 80% year-over-year".The company noted that "Coinbase One, now over 1 million paid subscribers" is demonstrating a strong value proposition.

The retail derivatives business reached an "annualized run rate exceeding $200 million". Furthermore, "Prediction markets is also tracking well, and it's on track to be the 13th product to cross $100 million in annualized revenue". Management also highlighted the "x402 protocol" for agentic commerce, stating that "99% of the X402 transactions right now are settled in USDC".Looking ahead, management stated, "We expect subscription and services revenue in the range of $565 million to $645 million" for Q2. They expect technology and development and general and administrative expenses to fall within a "range of $820 million to $870 million in Q2". The company also expects "to incur $50 million to $60 million in restructuring expenses" in Q2. For the full year, management noted, "We expect 2026 adjusted expenses to be between $4.3 billion and $4.6 billion".