secwatch.observer — SEC 8-K summary
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Issuer:     Coinbase Global, Inc. (COIN)
CIK:        0001679788
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001679788-25-000021
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679788/000167978825000021/0001679788-25-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679788/000167978825000021/coin-20250213.htm
  HTML page:      https://secwatch.observer/filing/0001679788-25-000021

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