According to CoinMeta, Coinbase achieved a net profit of $719 million in the third quarter, or $2.51 per diluted share, ending two consecutive quarters of losses. Analysts had originally expected a loss of $0.15 per share. Approximately $715 million of this profit came from the investment returns on cryptocurrencies from Coinbase's own assets. Total revenue was $1.22 billion, in line with expectations and flat compared to the second quarter, but down 35% year-over-year. Transaction revenue decreased by 1% to $590 million, yet it still exceeded analysts' forecast of $527 million. The product's annualized revenue is projected to exceed $200 million, making it one of the fastest-growing products in Coinbase's history. Coinbase also lowered its adjusted expenditure guidance for 2026 by $100 million, expecting it to be between $4.15 billion and $4.3 billion.