secwatch.observer — SEC 8-K summary
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Issuer:     Coinbase Global, Inc. (COIN)
CIK:        0001679788
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001679788-22-000115
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coinbase Q3 net revenue $576M, net loss $545M; subscription revenue up 43% Q/Q
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- Transaction revenue $366M (-44% Q/Q) on lower trading volume of $159B (-27% Q/Q).
- Subscription & services revenue $211M (+43% Q/Q); interest income $102M (+213%).
- Total operating expenses $1.1B (-38% Q/Q); 2022 Adjusted EBITDA loss guardrail of $500M reaffirmed.
- MTUs 8.5M (-6% Q/Q); Assets on Platform $101B (+5% Q/Q); cash resources $5.6B.
- Partnerships with BlackRock and Google announced; regulatory advocacy for clear U.S. rules.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679788/000167978822000115/0001679788-22-000115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679788/000167978822000115/coin-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001679788-22-000115

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