---
schema_version: "secwatch.filing_event.v1"
accession: "0001679788-22-000083"
form_type: "8-K"
ticker: "COIN"
cik: "0001679788"
company_name: "Coinbase Global, Inc."
filed_at: "2022-08-09T23:59:59+00:00"
generated_at: "2026-06-24T02:07:24.378025+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Coinbase Q2 net revenue $803M, net loss $1.1B; restructures with 18% headcount cut

## Summary
- Net revenue $803M, down 31% QoQ; net loss $1.1B including $446M non-cash impairment charges.
- Adjusted EBITDA negative $151M; total operating expenses $1.9B, up 8% QoQ.
- Subscription & services revenue $147M (+44% YoY); MTUs 9.0M (-2% QoQ).
- Reduced headcount by 18% (~1,100 employees) in June; lowered full-year expense guidance.
- Assets on platform $96B (-63% QoQ); no exposure to LUNA, Three Arrows Capital, Celsius, Voyager.

## SEC filing metadata
- accession: 0001679788-22-000083
- form_type: 8-K
- ticker: COIN
- cik: 0001679788
- company_name: Coinbase Global, Inc.
- filed_at: 2022-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1679788/000167978822000083/0001679788-22-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679788/000167978822000083/coin-20220809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679788-22-000083
- JSON: https://secwatch.observer/filing/0001679788-22-000083.json
- Plain text: https://secwatch.observer/filing/0001679788-22-000083.txt

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