---
schema_version: "secwatch.filing_event.v1"
accession: "0001679788-25-000021"
form_type: "8-K"
ticker: "COIN"
cik: "0001679788"
company_name: "Coinbase Global, Inc."
filed_at: "2025-02-13T23:59:59+00:00"
generated_at: "2026-05-26T22:21:00.298107+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Coinbase Q4 revenue $2.3B, net income $1.3B; full year revenue $6.6B, Adjusted EBITDA $3.3B

## Summary
- Q4 total revenue $2.3B (+88% Q/Q); transaction revenue $1.6B (+172% Q/Q); subscription & services $641M (+15% Q/Q).
- Full year 2024: revenue $6.6B (+111% Y/Y); net income $2.6B; Adjusted EBITDA $3.3B; operating cash flow strong.
- Q1'25 outlook: ~$750M transaction rev (through Feb 11); subscription & services guidance $685-$765M.
- Ended Q4 with $9.3B USD resources (+$1.1B Q/Q); SEC interlocutory appeal granted, discovery paused.
- Base sequencer revenue up 99% Q/Q; USDC assets grew; spot market share increased; 13 new assets listed in Q4.

## SEC filing metadata
- accession: 0001679788-25-000021
- form_type: 8-K
- ticker: COIN
- cik: 0001679788
- company_name: Coinbase Global, Inc.
- filed_at: 2025-02-13T23:59:59+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/1679788/000167978825000021/0001679788-25-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679788/000167978825000021/coin-20250213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679788-25-000021
- JSON: https://secwatch.observer/filing/0001679788-25-000021.json
- Plain text: https://secwatch.observer/filing/0001679788-25-000021.txt

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