Coinbase Reports $667 Million Q4 Loss; CEO Armstrong Sells $550 Million in Shares as COIN Trades Near $165
Coinbase disclosed a Q4 2025 net loss of $667 million, or $2.49 per share, on February 12, 2026, with revenue of $1.78 billion missing the $1.85 billion consensus. COIN traded near $165 on February 13, a level flagged by Altcoin Sherpa, as CEO Brian Armstrong sold approximately $550 million in shares.