/
Jack Dorsey’s Block beats profit expectations, but $309 million net loss clouds earnings
May 7, 2026
< 1 min read
by Jai Hamid
for CryptoPolitan
Share:
AI Overview
Q1: Block (Jack Dorsey-led) beat adjusted profit expectations but reported a $308.7M net loss for common stockholders, underscoring mixed profitability in the quarter. Company raised its 2026 gross profit forecast to $12.33B (up from $12.20B), a revenue/gross-profit upgrade that may support payments and crypto adoption initiatives; relevant to crypto, payments and broader fintech market impact.
Bearish
Predictions Markets
See what traders are focused on
Block (NYSE: SQ) gave Wall Street a messy first-quarter report. The payments company beat adjusted profit expectations and lifted its 2026 gross profit forecast, but it also reported a $308.7 million net loss for common stockholders. The Jack Dorsey-led company now expects $12.33 billion in full-year gross profit for 2026. Its old forecast was $12.20...
