Coinbase misses Q4 estimates as transaction revenue falls below $1 billion

What to know : Crypto exchange Coinbase reported a fourth quarter earnings miss. Transaction revenue of $982.7 million was down from $1.046 billion the previous quarter and $1.556 billion in the fourth quarter one year ago. In the first quarter of 2026 through Feb. 10, the company has seen about $420 million in transaction revenue. Shares were modestly higher in after-hours trade, though remaining down about 40% year-to-date.