Coinbase\u2019s fourth-quarter earnings missed Wall Street expectations, with the crypto exchange reporting its first net loss since the third quarter of\u00a02023.<\/p>\n
Coinbase reported a net loss of $667 million in the fourth quarter of 2025, snapping the crypto exchange\u2019s eight-quarter streak of profitability.<\/p>\n
In its Q4 earnings released on Thursday, Coinbase reported earnings per share of 66 cents, missing analyst expectations of 92 cents by 26\u00a0cents.<\/p>\n
The company said its net revenue fell 21.5% year-on-year to $1.78 billion, falling short of analyst expectations of $1.85\u00a0billion.<\/p>\n
Transaction-related revenue dropped nearly 37% year-on-year to $982.7 million, while subscription and services revenue jumped more than 13% from the year prior to $727.4\u00a0million.<\/p>\n
It\u2019s the first net loss Coinbase has reported since the third quarter of 2023, and comes as the crypto market fell over the quarter, with Bitcoin BTC$65,934 dropping nearly 30% from a high of $126,080 in early October to under $88,500 by Dec.\u00a031.<\/p>\n
Bitcoin has fallen 25.6% to $65,760 so far this year, having climbed from a crash to under $60,000 earlier this\u00a0month.<\/p>\n
Despite the earnings miss, shares of Coinbase (COIN) rose 2.9% in after-hours trading on Thursday to $145.18, after a 7.9% decline during the trading day to close at\u00a0$141.1.<\/p>\n
For its Q1 outlook, the crypto platform said that it had generated $420 million in transaction revenue as of Feb. 10 but expects its subscription and services revenue to fall from $727.4 million to the $550 million to $630 million\u00a0range.<\/p>\n
Coinbase added that 2025 was a \u201cstrong year\u201d for the company, both operationally and financially, with its full-year 2025 revenues climbing 9.4% from 2024 to $6.88\u00a0billion.<\/p>\n
Related: What Makes ChainRetrieval Different from Other Recovery Services?<\/em><\/strong><\/a><\/p>\n \u201cIn 2025, more than 12% of all crypto in the world resided on Coinbase,\u201d the company said. \u201cWe\u2019re building and connecting more products to facilitate customers doing more with their\u00a0assets.\u201d<\/p>\n Coinbase chief financial officer, Aleshia Haas, told investors on an earnings call that the company plans to keep its tech, sales, and marketing expenses relatively flat in comparison to\u00a0Q4.<\/p>\n \u201cWe are going to be nimble as we go through the year and look at the opportunities that we have ahead of ourselves versus our expenses,\u201d she\u00a0said.<\/p>\n Coinbase misses Q4 earnings with $667M loss as crypto markets fell<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" Coinbase\u2019s fourth-quarter earnings missed Wall Street expectations, with the crypto exchange reporting its first net loss since the third quarter of\u00a02023. Coinbase reported a net loss of $667 million in the fourth quarter of 2025, snapping the crypto exchange\u2019s eight-quarter streak of profitability. In its Q4 earnings released on Thursday, Coinbase reported earnings per share […]<\/p>\n","protected":false},"author":0,"featured_media":135020,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-135019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/135019"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=135019"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/135019\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/135020"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=135019"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=135019"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=135019"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}