Thursday, Coinbase Global, Inc. (COIN) announced its first-quarter financial results, reporting a net loss of $394.1 million, or $1.49 a share, compared to a net income of $65.6 million, or $0.24 a share, in the prior year, primarily due to higher operating losses.
Adjusted net loss for the period amounted to $45.6 million compared to earnings of $524.1 million in the previous year.
Revenue fell 31 percent, to $1.413 billion from last year's $2.034 billion.
During the after-hours, COIN is trading at $183.80, down 4.75 percent on the Nasdaq.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.