{"schema_version":"secwatch.filing_event.v1","accession":"0001679788-23-000105","form_type":"8-K","ticker":"COIN","cik":"0001679788","company_name":"Coinbase Global, Inc.","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.834045+00:00","generated_at":"2026-06-12T08:39:18.674901+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Coinbase Q2 net loss $97M, positive Adj EBITDA $194M; net revenue down 10% Q/Q","bullets":["Net revenue $663M (down 10% Q/Q); transaction revenue $327M (-13% Q/Q) on low crypto volatility.","Subscription & services revenue $335M (-7% Q/Q); interest income $201M (-16% Q/Q) from lower USDC mkt cap.","Operating expenses $781M (-13% Q/Q); recurring expenses $664M (-1% Q/Q); SBC $200M.","$USD resources $5.5B, up $156M Q/Q; FTEs 3,406 (down from 3,535 in Q1).","Q3 outlook: July trans rev ~$110M; sub rev at least $300M; goal to improve full-year 2023 Adj EBITDA vs 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0001679788-23-000105","json":"https://secwatch.observer/filing/0001679788-23-000105.json","markdown":"https://secwatch.observer/filing/0001679788-23-000105.md","text":"https://secwatch.observer/filing/0001679788-23-000105.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1679788/000167978823000105/0001679788-23-000105-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1679788/000167978823000105/coin-20230803.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T08:39:18.674901+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":"d685e499380926d659cdb1836badb0189ad83c48","claim":"Coinbase Global, Inc. reported the quarter ended June 30, 2023 results: revenue $708 million, net income $97 million of Net Loss.","evidence_excerpt":"in Q2, our continued financial discipline resulted in $97 million of Net Loss and positive $194 million of Adjusted EBITDA. Total revenue was $708 million, down 8% Q/Q, and net revenue was $663 million, down 10% Q/Q.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1679788/000167978823000105/0001679788-23-000105-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended June 30, 2023"},{"label":"Revenue","value":"$708 million"},{"label":"Net income","value":"$97 million of Net Loss"},{"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"}