secwatch.observer — SEC 8-K summary
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Issuer:     Coinbase Global, Inc. (COIN)
CIK:        0001679788
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001679788-26-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Coinbase Q4 net loss $667M, total revenue $1.78B; full-year revenue $7.2B
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- Net loss $667M (incl. $718M unrealized crypto investment loss); Adjusted EBITDA $566M, adjusted net income $178M.
- Q4 total revenue $1.78B (-5% Q/Q); transaction rev $983M (-6%), subscription & services $727M (-3%).
- Full year 2025 revenue $7.2B (+9% Y/Y); stablecoin revenue $1.35B; Assets on Platform tripled in 3 years.
- Repurchased 8.2M shares for $1.7B since Nov 2025; board added $2B authorization in Jan 2026.
- Q1 2026 outlook: subscription & services $550-630M; transaction rev through Feb 10 ~$420M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679788/000167978826000011/0001679788-26-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679788/000167978826000011/coin-20260212.htm
  HTML page:      https://secwatch.observer/filing/0001679788-26-000011

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