Coinbase reports $1.2 billion Q2 revenue and $359 million net loss

Coinbase reported second-quarter 2026 total revenue of $1.22 billion, down 14% from the first quarter, while net loss was $359.5 million, or $1.36 per diluted share; Adjusted EBITDA was $207.8 million. Subscription and services revenue was $555.1 million, or 48% of net revenue, and Coinbase forecast third-quarter transaction revenue of $500 million to $580 million and adjusted expenses of $980 million to $1.08 billion.