---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-042835"
form_type: "8-K"
ticker: "XYZ"
cik: "0001512673"
company_name: "Block, Inc."
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T19:09:50.927759+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Block Q4 2023 gross profit $2.03B (+22% YoY); Cash App GP $1.18B (+25%)

## Summary
- Net income $178M; Adjusted EBITDA $562M (2x YoY).
- Total net revenue $5.77B (+24%); ex-bitcoin revenue $3.25B (+15%).
- Square gross profit $828M (+18%); Cash App gross profit $1.18B (+25%).
- Operating loss $131M includes $132M TIDAL goodwill impairment and $70M severance.
- Strategic shift: focus on U.S. growth, inflows per active, and Cash App as primary banking for households up to $150k.

## SEC filing metadata
- accession: 0001193125-24-042835
- form_type: 8-K
- ticker: XYZ
- cik: 0001512673
- company_name: Block, Inc.
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1512673/000119312524042835/0001193125-24-042835-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1512673/000119312524042835/d718674d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-042835
- JSON: https://secwatch.observer/filing/0001193125-24-042835.json
- Plain text: https://secwatch.observer/filing/0001193125-24-042835.txt

## Key facts
- Earnings Releases
  Block, Inc. reported financial results for the fourth quarter and fiscal year ended December 31, 2023.
  - Period: the fourth quarter and fiscal year ended December 31, 2023
  - Result: reported results
  source text: On February 22, 2024, Block, Inc. (the "Company") issued a Shareholder Letter (the "Letter") announcing its financial results for the fourth quarter and fiscal year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1512673/000119312524042835/0001193125-24-042835-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.