Coinbase Global, Inc. 8K

Coinbase furnished its Q2 2026 earnings presentation, reporting lower revenue and a net loss but continued positive Adjusted EBITDA, record trading share and USDC balances, expanding derivatives and prediction markets businesses, and a sharpened cost‑reduction and 2026 expense outlook.

The Form 8-K furnishes Coinbase, Inc.’s Q2 2026 earnings presentation (Exhibit 99.1), in which the company reports total revenue of $1.22 billion (down 14% sequentially), transaction revenue of $599 million, subscription and services revenue of $555 million (48% of net revenue), a net loss of $359 million, and positive Adjusted EBITDA of $208 million for its 14th consecutive quarter. The deck highlights all‑time‑high Coinbase crypto trading volume market share despite a 15–25% decline in broader crypto trading and spot volumes, record average USDC balances held in Coinbase products (~$20 billion, representing over 30% of USDC in circulation), and strong growth in derivatives and prediction markets, which have reached a $100+ million annualized revenue run‑rate. Management also outlines strategic priorities around its “Everything Exchange,” stablecoins and payments, and onchain products (including agentic finance), details proactive expense reductions including a ~14% headcount cut and lowered 2026 Adjusted Expenses guidance to $4.20–$4.45 billion, and provides Q3 2026 outlook ranges for transaction revenue, subscription and services revenue, transaction expense ratio, Adjusted Expenses, and stock‑based compensation.

Filing Facts

CIK

1679788

Ticker

COIN

Form

8K

Source Type

sec

Accession

0001679788-26-000087

Alert Tier

9