secwatch.observer — SEC 8-K summary
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Issuer:     Block, Inc. (XYZ)
CIK:        0001512673
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001193125-22-276894
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Block Q3 gross profit $1.57B, up 38% YoY; Cash App +51%, Square +29%
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- Gross profit $1.57B, up 38% YoY; Cash App $774M (+51%), Square $783M (+29%).
- Total net revenue $4.52B (+17%); ex-bitcoin $2.75B (+36%); ex-bitcoin & BNPL $2.54B (+25%).
- Cash App Card actives nearly 18M in Sept, up >40% YoY; weekly/daily actives growing faster.
- Software verticals (Restaurants, Retail, Appointments) gross profit grew >45% YoY.
- Recognized $56M amortization of acquired intangibles and $2M bitcoin impairment in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512673/000119312522276894/0001193125-22-276894-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512673/000119312522276894/d361490d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-276894

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