10-Q quarterly report · filed May 7, 2026

Coinbase (COIN) Q1 2026 10-Q Quarterly Report

Short answer

Coinbase (COIN) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $1.4B (down 30.5% year over year) with net income of −$394M.

Q1 2026 key financials · XBRL

Revenue
$1.4B
−30.5% YoY
Net income
−$394M
−700.7% YoY
Operating margin
-1.5%
EPS (diluted)
−$1.49
−720.8% YoY

Source: XBRL data from the Coinbase (COIN) Q1 2026 10-Q on SEC EDGAR. USD.

Coinbase Q1 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Operating cash flow $182.7M vs $852.7M YoY, down $670.0M
  • Cash, equivalents, and restricted cash decreased $921.2M vs $179.6M YoY
  • Investing cash use $239.1M, including $122.6M higher stablecoin and fiat loan originations
  • Share repurchases $1.1B, approximately 6.3M Class A shares
  • Crypto holdings: $1.6B investment, $1.1B collateral, $246.4M borrowed, $90.7M operations

Risk Factors

  • Repurchase authorization increased to $4.0 billion in January 2026
  • Class A repurchases totaled 6,278,390 shares during the quarter
  • Remaining repurchase capacity declined to $2,087,588,148 by March 31, 2026
  • Acquisition-related issuance of 172,780 Class A shares on January 2, 2026
  • Repurchases expanded to include outstanding convertible and senior notes beginning October 2025

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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