secwatch.observer — SEC 8-K summary
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Issuer:     Block, Inc. (XYZ)
CIK:        0001512673
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001193125-22-212527
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Block Q2 gross profit $1.47B (+29% YoY); core revenue ex-bitcoin up 34%
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- Gross profit $1.47B (+29% YoY); Square $755M, Cash App $705M, both +29%.
- Total net revenue $4.40B (-6% YoY); ex-bitcoin revenue $2.62B (+34% YoY).
- Ex-bitcoin and BNPL revenue $2.41B (+23% YoY); GPV from Square for Restaurants more than doubled YTD.
- Cash App Borrow reached >1 million monthly actives in June 2022.
- Q2 included $36M bitcoin impairment loss and $57M amortization of acquired intangibles.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512673/000119312522212527/0001193125-22-212527-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512673/000119312522212527/d369631d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-212527

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer