{"schema_version":"secwatch.filing_event.v1","accession":"0001679788-23-000071","form_type":"8-K","ticker":"COIN","cik":"0001679788","company_name":"Coinbase Global, Inc.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.007984+00:00","generated_at":"2026-06-15T22:19:35.286706+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Coinbase Q1 net loss $79M, Adj EBITDA $284M, revenue up 22% Q/Q","bullets":["Net revenue $736M (+22% Q/Q); total revenue $773M; net loss narrowed from $124M Q4 to $79M.","Subscription and services revenue $362M (+28% Q/Q); interest income $241M, USDC income $199M.","Total operating expenses $896M (-24% Q/Q), including $144M restructuring; FTEs cut to 3,535.","Guidance: FY2023 Adj EBITDA to improve vs 2022; Q2 subscription revenue to decline on lower USDC market cap.","Received SEC Wells Notice; advocates for clear crypto regulation; launched international exchange."],"urls":{"canonical":"https://secwatch.observer/filing/0001679788-23-000071","json":"https://secwatch.observer/filing/0001679788-23-000071.json","markdown":"https://secwatch.observer/filing/0001679788-23-000071.md","text":"https://secwatch.observer/filing/0001679788-23-000071.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1679788/000167978823000071/0001679788-23-000071-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1679788/000167978823000071/coin-20230504.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T22:19:35.286706+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":"e53b7cfde00f3e38b96974717ac65e833d14c204","claim":"Coinbase Global, Inc. reported the quarter ended March 31, 2023 results: revenue Net revenue grew 22% Q/Q to $736 million, net income Net loss was $79 million. Guidance reaffirmed.","evidence_excerpt":"operational excellence and risk management, and continue to drive product innovation and regulatory clarity. Our efforts are showing meaningful progress. In Q1, net revenue grew 22% Q/Q and total operating expenses declined 24% Q/Q, resulting in a net loss of $79 million but a return to positive Adjusted EBITDA of $284 million. Our teams are smaller, but","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1679788/000167978823000071/0001679788-23-000071-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"Net revenue grew 22% Q/Q to $736 million"},{"label":"Net income","value":"Net loss was $79 million"},{"label":"Guidance","value":"reaffirmed"},{"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"}