-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
COIN reported Q1 2026 revenue of $1.4B (-21% Q/Q, $66M below consensus) vs. $1.78B in Q4 2025 and down 30.5% Y/Y. Transaction revenue declined 23% Q/Q to $756M, while subscription and services revenue fell 20% Q/Q to $583M with Stablecoin revenue at $305M. The decline reflected broader risk-off sentiment and low volatility that suppressed trading activity across markets, particularly in longer-tail crypto assets, amid total crypto market cap and trading volumes both declining 20% Q/Q. COIN provided Q2 2026 guidance outlook for subscription and services revenue between $565M and $645M, below current analyst views. Consumer transaction revenue was $567M (-23% Q/Q) driven by consumer spot trading volume decline of 35%, partially offset by favorable mix shift and growth in newer product offerings. Institutional transaction revenue totaled $136M (-27% Q/Q) in line with broader market declines and macroeconomic headwinds affecting the established crypto ecosystem.