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Block Raises Full-Year Guidance After Q1, Records $173M Bitcoin Remeasurement Loss

GateNews
Stocksbitcoin news
BTC-0.79%

According to its Q1 2026 investor presentation, Block Inc recorded a $173 million bitcoin remeasurement loss in the first quarter, contributing to a net loss attributable to common stockholders of $309 million. The loss reflects fair value accounting for Block’s corporate and customer bitcoin holdings, which together total 28,355 BTC valued at approximately $2.2 billion.

Despite the non-cash, unrealized loss, Block reported strong operational results with total gross profit climbing 27% year-over-year to $2.91 billion. The company raised its full-year 2026 guidance, expecting gross profit growth of 19% and adjusted diluted EPS growth of 62%.

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