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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for Coinbase Global (COIN) is 1/10.
Coinbase reported a Q1 net loss of $394 million as total revenue declined 21% quarter-over-quarter amid a broad crypto market downturn that crushed transaction revenue across all segments. Operating income collapsed from $705.8 million to $13.7 million as fixed costs absorbed the revenue decline, and subscription revenue fell on price and rate headwinds. The company maintained positive adjusted EBITDA of $303 million and achieved market share gains amid declining volumes, while the Everything Exchange showed early traction in new asset classes and agentic commerce grew on Base.
Scored from Coinbase Global’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin |
|---|---|---|---|---|---|---|
| FY2024 Q4 | $2.27B | +138.2% | $4.68 | +345.7% | 45.5% | 56.8% |
| FY2025 Q1 | $2.03B | +24.2% | $0.24 | -94.5% | 34.7% | 3.2% |
| FY2025 Q2 | $1.50B | +3.3% | $5.14 | +3571.4% | -1.6% | 95.4% |
| FY2025 Q3 | $1.87B | +55.1% | $1.50 | +435.7% | 25.7% | 23.1% |
| FY2025 Q4 | $1.03B | -20.8% | $-2.49 | -153.2% | 26.5% | -64.6% |
| FY2026 Q1 | $1.41B | -30.5% | $-1.49 | -720.8% | -1.5% | -27.9% |
| FY2026 Q2 | $1.22B | -18.5% | $-1.36 | -126.5% | -9.3% | -29.5% |