Coinbase Swings to $667M Q4 Loss as Crypto Portfolio Markdowns Bite
Coinbase reported a $667 million internet loss for the fourth quarter of 2025, its first quarter within the purple since 2023. The loss, which was largely pushed by non-cash write-downs on the corporate’s crypto holdings and strategic investments, landed far beneath analyst expectations and reversed a $1.3 billion revenue from the identical interval final 12…
