A flipped version of the Coinbase logo reflected in a mobile phone screen in London on Nov. 9, 2021, in a photo illustration. Leon Neal/Illustration/Getty Images
Coinbase posted a quarterly loss in the final three months of 2025—its first loss since the third quarter of 2023. A flight to gold has in part led to lower trading volumes and a selloff in the cryptocurrency market.
The San Francisco-based company endured a net loss of $666.7 million, or $2.49 per share, during the quarter ending Dec. 31, 2025. LSEG data shows many analysts estimate a profit of 55 cents per share.
