Form 10-Q · Quarterly report
Coinbase 10-Q, filed Jul 30, 2026
- Filed
- CIK
- 0001679788
- Accession no.
- 0001679788-26-000088
Summary
Coinbase reported second-quarter 2026 net revenue of $1.2 billion and a net loss of $359.5 million, compared with net revenue of $1.4 billion and net income of $1.4 billion a year earlier, as assets on its platform fell to $245.9 billion from $425.0 billion. The company said it stopped reporting trading volume as a key metric and expects the restructuring it announced in May 2026 to align operating expenses with market conditions and prepare for the AI era.
Key points
- For the three and six months ended June 30, 2026, Coinbase's net revenue was $1.2 billion and $2.5 billion, including $599.2 million and $1.4 billion in transaction revenue, versus $1.4 billion and $3.3 billion a year earlier.
- Quarterly net loss was $359.5 million and Adjusted EBITDA was $207.8 million, compared with net income of $1.4 billion and Adjusted EBITDA of $512.1 million in the same 2025 period.
- Assets on Platform were $245.9 billion at June 30, 2026 versus $425.0 billion a year earlier, a decline of $196.5 billion driven primarily by lower prices of certain crypto assets, largely Bitcoin, offset in part by growth in units.
- Monthly Transacting Users were 7.6 million in the quarter versus 8.7 million a year earlier, and Coinbase said it would no longer include Trading Volume as a key metric.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION Executive Overview This executive overview of Management’s Discussion and Analysis of Financial Condition and Results of Operations highlights selected information and does not contain all of the information that is important to readers of this Quarterly Report on Form 10-Q. Our top three product priorities for 2026 are to grow the everything exchange, scale stablecoins and payments, and expand onchain adoption. During 2026, we continued to execute against our top product priorities. …
An excerpt of the text as filed with the SEC, cut for length.
Readster writes AI-generated summaries of public filings for research purposes only. Summaries can be incomplete or wrong — check the original filing on SEC.gov before relying on it. Nothing here is investment, legal or medical advice.