secwatch.observer — SEC 8-K summary
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Issuer:     Block, Inc. (XYZ)
CIK:        0001512673
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001193125-23-046618
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Block Q4 2022 gross profit $1.66B (+40% YoY); Cash App gross profit up 64%
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- Gross profit $1.66B, up 40% YoY; Square $801M (+22%), Cash App $848M (+64%).
- Total net revenue $4.65B (+14% YoY); ex-bitcoin revenue $2.82B (+33%).
- Cash App had 51M monthly transacting actives in Dec; 2/3 transact weekly.
- Square ecosystem: 44% of gross profit from sellers using 4+ monetized products in 2022.
- Excluding bitcoin and BNPL, revenue $2.55B (+21% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1512673/000119312523046618/0001193125-23-046618-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1512673/000119312523046618/d460989d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-046618

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