---
schema_version: "secwatch.filing_event.v1"
accession: "0001679788-25-000207"
form_type: "8-K"
ticker: "COIN"
cik: "0001679788"
company_name: "Coinbase Global, Inc."
filed_at: "2025-10-30T23:59:59+00:00"
generated_at: "2026-05-17T01:22:05.823913+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Coinbase Q3 revenue $1.9B (+25% Q/Q); net income $433M; expands buyback to $2B

## Summary
- Total revenue $1.9B, up 25% Q/Q; transaction revenue $1.0B (+37%); subscription/services $747M (+14%).
- Net income $433M, Adj. EBITDA $801M; Q4 subscription/services guidance $710-790M; Oct transaction rev ~$385M.
- Share repurchase authorization increased to $2.0B, expanded to include debt; $3.0B convertible debt issued in Aug.
- Deribit acquisition closed Aug 14, contributed $52M revenue; USDC market cap all-time high $74B.
- Total trading volume $295B (+24% Q/Q); AUC $300B record; full-time employees 4,795 (+12% Q/Q).

## SEC filing metadata
- accession: 0001679788-25-000207
- form_type: 8-K
- ticker: COIN
- cik: 0001679788
- company_name: Coinbase Global, Inc.
- filed_at: 2025-10-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679788/000167978825000207/0001679788-25-000207-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679788/000167978825000207/coin-20251030.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001679788-25-000207
- JSON: https://secwatch.observer/filing/0001679788-25-000207.json
- Plain text: https://secwatch.observer/filing/0001679788-25-000207.txt

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