Coinbase Q1 2025 profit falls short, revenue misses mark

Coinbase Global Inc has reported its earnings and finances for Q1, 2025, and reported a profit of $65.6 million, or 24 cents per share, which is much less than the $1.18 billion that was earned in the same time period in 2024.However, excluding losses and gains from their crypto investment, their adjusted profit was $527 million or $1.94 per share. Yet the revenue went up to $2.03 billion from $1.64 billion last year, but the reported revenue is less than the estimates set by the experts.From total reported revenue of Coinbase it gathered $1.26 billion from crypto trading fees and $698.1 million has been collected from subscription and other earning models.Coinbase’s trading volume fell in Q1, 2025 to $78.1 billionCoinbase, one of the biggest crypto trading platforms in the United States, said in its report that daily trading volume in Q1 2025 has fallen by 17% to $78.1 billion, yet the volume in the last quarter of 2024 was at a peak following the hype of Donald Trump in the election.Yet the trading of institutional investors also fell in Q1, 2025 by 9% to $315 billion. However in April, Coinbase solely made $240 million from crypto trading fees.By the wrap of Q2, 2025 Coinbase Global Inc is expected to earn between $600 million and $680 million from subscription and other services including staking, custody and others.Coinbase Global Inc. (COIN) stock price updateAs of writing, Coinbase stock was at $206.50 with a surge of 5.06% in its last trading session, yet in May 09, 2025 pre market the stock is down by $3.00. Source: TradingViewAccording to data from TradingView from Coinbase stock fell around 0.94% in a week and in a quarter its prices are down by 24.65% and since the beginning of this year till writing it prices are down by 19.49%.It is worth noting that, Coinbase stock annual price target is $261.96 which 26.86% greater than its current trading price, yet as per experts in terms of its current trading price the nearest resistance are $212.07, with second resistance of 228.36 on the other hand it’s initial support are $159.32 followed by 143.03 and $116.66.The reported EPS of COIN share in Q1, 2025 was $0.24 which is 87.54% less than the estimates of $1.93, yet the EPS for Q2 is expected to be $1.73. In the first quarter of 2025 the revenue of Coinbase is 2.39% less yet the estimated revenue was $2.08 billion yet it reported $2.03 billion.