secwatch.observer — SEC 8-K summary
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Issuer:     Coinbase Global, Inc. (COIN)
CIK:        0001679788
Form:       8-K
Filed at:   2025-10-30T23:59:59+00:00
Accession:  0001679788-25-000207
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679788/000167978825000207/0001679788-25-000207-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679788/000167978825000207/coin-20251030.htm
  HTML page:      https://secwatch.observer/filing/0001679788-25-000207

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