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Olayiwola Dolapo

Block Inc. reports $309M Q1 2026 net loss even as gross profit rises 27% YoY

Block Inc. said its Q1 2026 gross profit rose 27% year over year to $2.91 billion, while GAAP results showed a $309 million net loss for the quarter ended March 31. The company recorded a $173 million Bitcoin fair value loss and $852 million in restructuring and other charges tied to a February workforce reduction.
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