secwatch.observer — SEC 8-K summary
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Issuer:     Coinbase Global, Inc. (COIN)
CIK:        0001679788
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001679788-24-000148
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coinbase Q2 revenue $1.4B, net income $36M, Adj EBITDA $596M; Q3 outlook provided
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- Q2 total revenue $1.4B (-11% Q/Q); transaction revenue $781M (-27% Q/Q); subscription & services $599M (+17% Q/Q).
- Net income $36M, includes $319M pre-tax crypto asset losses (mostly unrealized); Adj EBITDA $596M (6th consecutive positive).
- Balance sheet: $7.8B in USD resources, up $733M Q/Q; crypto portfolio fair value $1.2B.
- Q3 outlook: July transaction revenue ~$210M; subscription & services expected $530-600M; tech & admin expenses $700-750M.
- Reg. clarity progress: Stand With Crypto 1.3M advocates; ETH ETFs approved; USDC MiCA compliant; 8 of 9 ETH ETF issuers chose Coinbase as custodian.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679788/000167978824000148/0001679788-24-000148-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679788/000167978824000148/coin-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001679788-24-000148

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