---
schema_version: "secwatch.filing_event.v1"
accession: "0001679788-24-000019"
form_type: "8-K"
ticker: "COIN"
cik: "0001679788"
company_name: "Coinbase Global, Inc."
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:19:56.074822+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Coinbase Q4 net income $273M, FY2023 net income $95M; revenue $3.1B, subscription revenue up 78% YoY

## Summary
- Q4 net income $273M (incl. $121M tax release and $18M debt repurchase gain); Adjusted EBITDA $305M; revenue $954M (+41% Q/Q).
- Full-year 2023 net income $95M vs. ($2.6B) loss in 2022; Adjusted EBITDA $964M vs. ($371M); total revenue $3.1B (-3% YoY).
- Subscription & services revenue FY2023 $1.4B (+78% YoY); transaction revenue $1.5B (-36% YoY); Q4 transaction revenue $529M (+83% Q/Q).
- Balance sheet: $5.7B USD resources, debt reduced 12% in 2023; $1.0B crypto investment portfolio; served as custodian for 8/11 Bitcoin ETFs.
- Q1'24 outlook: transaction revenue through Feb 13 ~$320M; subscription & services $410-480M; T&D + G&A $600-650M; positive EBITDA goal.

## SEC filing metadata
- accession: 0001679788-24-000019
- form_type: 8-K
- ticker: COIN
- cik: 0001679788
- company_name: Coinbase Global, Inc.
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1679788/000167978824000019/0001679788-24-000019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679788/000167978824000019/coin-20240215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679788-24-000019
- JSON: https://secwatch.observer/filing/0001679788-24-000019.json
- Plain text: https://secwatch.observer/filing/0001679788-24-000019.txt

## Key facts
- Earnings Releases
  Coinbase Global, Inc. reported financial results for the quarter and full year ended December 31, 2023.
  - Period: the quarter and full year ended December 31, 2023
  - Result: reported results
  source text: On February 15, 2024, 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, 2023. Coinbase also issued a letter to its shareholders announcing its financial results for the quarter and full year ended December 31, 2023 (the “Shareholder Letter”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679788/000167978824000019/0001679788-24-000019-index.htm

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