Coinbase reports Q4 revenue down 22% YoY to $1.78B, vs. $1.84B est., transaction revenue down 37% to $983M, a net loss of $667M, vs. a $1.3B profit in Q4 2024
Coinbase reported a down quarter for the end of 2025, with its investment portfolio plunging alongside Bitcoin and other crypto assets.
It's earnings day. 2025 was a strong year for Coinbase, and we built a solid foundation for continued growth in 2026. Our thesis is actually very simple: crypto is updating all financial services, and we're the best positioned company to capitalize on this transformation. Some [v…