Coinbase Stock Slumps on Missed Earnings Estimates

Coinbase's stock plummeted by 6.9% in after-hours trading following its second-quarter 2026 earnings report, which fell short of analyst estimates on both revenue and profit.

The company reported a net loss of $1.36 per share, far exceeding the estimated loss of $0.01 per share. Total revenue came in at $1.2 billion, below the expected range of $1.33, $1.35 billion.

The decline in transaction revenue was primarily to blame for the shortfall, down 21% year-over-year due to a sharp drop in Bitcoin and Ethereum prices during the April-June period.