Coinbase’s latest quarterly results have rattled investors and sparked heated debate across the crypto industry after the exchange reported a surprise loss and missed Wall Street expectations. Still, executives point to strong long-term growth metrics and progress in diversification. Coinbase Q4 2025 Earnings Report: All You Need to Know The company released its fourth-quarter 2025 earnings on February 12, reporting revenue of roughly $1. 78 billion and a GAAP net loss of about $667 million, with earnings per share of –$2