Block Records $173M Bitcoin Remeasurement Loss in Q1 2026, Raises Full-Year Guidance

According to its investor presentation, Block Inc recorded a $173 million bitcoin remeasurement loss in Q1 2026, contributing to a $309 million net loss attributable to common stockholders. The company's corporate bitcoin treasury and customer bitcoin holdings together stand at 28,355 BTC, valued at approximately $2.2 billion.

Despite the non-cash, unrealized loss, Block reported solid first-quarter results with total gross profit climbing 27% year-over-year to $2.91 billion and adjusted operating income surging 56% to $728 million. The company raised its full-year 2026 guidance, now expecting 19% year-over-year gross profit growth and 62% adjusted diluted EPS growth.