{"schema_version":"secwatch.filing_event.v1","accession":"0001679788-23-000029","form_type":"8-K","ticker":"COIN","cik":"0001679788","company_name":"Coinbase Global, Inc.","filed_at":"2023-02-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.112974+00:00","generated_at":"2026-06-19T07:05:46.223307+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Coinbase Q4 net revenue $605M (+5% Q/Q), net loss $557M; full-year net loss $2.6B","bullets":["Q4 net revenue $605M, up 5% Q/Q; transaction revenue $322M (-12% Q/Q), subscription & services $283M (+34% Q/Q).","Full-year 2022 net revenue $3.1B (down from $7.4B in 2021); net loss $2.6B including $694M non-cash impairment.","Q4 Adjusted EBITDA -$124M; full-year -$371M, within prior guardrail of -$500M.","Expects >30% reduction in Q1'23 operating expenses vs Q4'22; targeting improved full-year 2023 Adjusted EBITDA.","Ended Q4 with $5.5B USD resources and $426M crypto assets; no customer funds lost from counterparty insolvencies."],"urls":{"canonical":"https://secwatch.observer/filing/0001679788-23-000029","json":"https://secwatch.observer/filing/0001679788-23-000029.json","markdown":"https://secwatch.observer/filing/0001679788-23-000029.md","text":"https://secwatch.observer/filing/0001679788-23-000029.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1679788/000167978823000029/0001679788-23-000029-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1679788/000167978823000029/coin-20230221.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T07:05:46.223307+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0fd63c2af0eac5881cb70afa42e4fb2a22fa6830","claim":"Coinbase Global, Inc. reported financial results for the quarter and full year ended December 31, 2022.","evidence_excerpt":"On February 21, 2023, Coinbase Global, Inc. (“Coinbase” or the “Company”) will hold a conference call regarding its financial results for the quarter and full year ended December 31, 2022. Coinbase also issued a letter to its shareholders announcing its financial results for the quarter and full year ended December 31, 2022 (the “Shareholder Letter”).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1679788/000167978823000029/0001679788-23-000029-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and full year ended December 31, 2022"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}