Coinbase Earnings Stun Markets With $667 Million Loss Despite Growth Push

Coinbase’s latest quarterly results have rattled investors and sparked heated debate across the crypto industry after the exchange reported a surprise loss and missed Wall Street expectations.

Still, executives point to strong long-term growth metrics and progress in diversification.

The company released its fourth-quarter 2025 earnings on February 12, reporting revenue of roughly $1.78 billion and a GAAP net loss of about $667 million, with earnings per share of –$2.49.

Our Q4 and full year 2025 financial results are now live. pic.twitter.com/KtcNr3SrPQ