Blockchain infrastructure company Coinbase (NASDAQ:COIN) fell short of the market’s revenue expectations in Q1 CY2026, with sales falling 30.5% year on year to $1.41 billion. Its non-GAAP loss of $1.49 per share was significantly below analysts’ consensus estimates.

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Coinbase (COIN) Q1 CY2026 Highlights:

• Revenue: $1.41 billion vs analyst estimates of $1.51 billion (30.5% year-on-year decline, 6.3% miss)

• Adjusted EPS: -$1.49 vs analyst estimates of $0.04 (significant miss)

• Adjusted EBITDA: $303.3 million vs analyst estimates of $398.5 million (21.5% margin, 23.9% miss)

• Operating Margin: -1.5%, down from 34.7% in the same quarter…