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

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

Despite the non-cash 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%, citing strong execution and increased expectations for the remainder of the year.