Highest-materiality recent filing
Coinbase to cut 700 jobs (14% of workforce) in restructuring for AI era
Approximately 700 employees affected, representing about 14% of global workforce.
Coinbase Q4 net loss $667M, total revenue $1.78B; full-year revenue $7.2B
Net loss $667M (incl. $718M unrealized crypto investment loss); Adjusted EBITDA $566M, adjusted net income $178M.
Coinbase Q3 revenue $1.9B (+25% Q/Q); net income $433M; expands buyback to $2B
Total revenue $1.9B, up 25% Q/Q; transaction revenue $1.0B (+37%); subscription/services $747M (+14%).
Coinbase completes $3B zero-coupon convertible note offering due 2029 and 2032
Issued $1.5B aggregate of 0% convertible notes due 2029 and $1.5B due 2032, including full greenshoe.
Coinbase prices $2.6B upsized 0% convertible senior notes offering
Priced $1.3B of 0% convertible notes due 2029 and $1.3B due 2032; up from previously announced $2.0B.
Coinbase proposes $2.0B convertible notes (2029/2032) with $300M greenshoe option
Offers $1.0B in 2029 notes and $1.0B in 2032 notes; initial purchasers can buy an extra $150M of each.
Coinbase Q2 revenue $1.5B, adj. EBITDA $512M; Q3 July transaction revenue ~$360M
Total revenue $1.5B, down 26% QoQ; transaction revenue $764M (-39% QoQ); subscription & services $656M (-6% QoQ).
Coinbase cyber incident: estimated $180M-$400M remediation costs
Threat actor paid multiple contractors/employees to collect customer data from internal systems; incident detected May 11, 2025.
Coinbase to acquire crypto derivatives exchange Deribit for $700M cash + ~11M shares
Total consideration: $700M in cash plus ~10.998M shares of Coinbase Class A common stock.
Coinbase reports Q1 revenue $2.0B, net income $66M; acquires Deribit for ~$2.9B
Q1 total revenue $2.0B (down 10% Q/Q), net income $66M, adjusted EBITDA $930M, adjusted net income $527M.
Coinbase reaches agreement with SEC to dismiss enforcement lawsuit with prejudice
Coinbase and SEC Staff reached agreement in principle on Feb 21, 2025 to dismiss the SEC enforcement lawsuit with prejudice, subject to Commissioner approval.
Coinbase Q4 revenue $2.3B, net income $1.3B; full year revenue $6.6B, Adjusted EBITDA $3.3B
Q4 total revenue $2.3B (+88% Q/Q); transaction revenue $1.6B (+172% Q/Q); subscription & services $641M (+15% Q/Q).
Coinbase Q3 2024 revenue $1.2B, net income $75M, $1B buyback authorized
Q3 total revenue $1.205B, down 17% Q/Q; transaction revenue $573M, down 27% Q/Q.
Coinbase Q2 revenue $1.4B, net income $36M, Adj EBITDA $596M; Q3 outlook provided
Q2 total revenue $1.4B (-11% Q/Q); transaction revenue $781M (-27% Q/Q); subscription & services $599M (+17% Q/Q).
Coinbase reports Q1 revenue of $1.6B, net income $1.2B, Adjusted EBITDA $1.0B
Total revenue $1.6B (+72% Q/Q); net income $1.2B (incl. $737M pre-tax unrealized crypto gains).
Coinbase closes $1.265B 0.25% convertible note offering due 2030; enters capped call hedges
$1.265B aggregate principal of 0.25% Convertible Senior Notes due 2030 issued; initial conversion price ~$333.54 (32.5% premium to March 13 close).
Coinbase prices $1.1B 0.25% convertible notes due 2030 to refinance existing debt
$1.1B aggregate principal (upsized from $1.0B), 0.25% coupon, due April 1 2030; initial purchasers have $165M over-allotment option.
Coinbase proposes $1.0B convertible notes offering due 2030 to refinance existing debt
$1.0B aggregate principal of convertible senior notes due 2030; underwriters have 30-day option for additional $150M.
Coinbase Q4 net income $273M, FY2023 net income $95M; revenue $3.1B, subscription revenue up 78% YoY
Q4 net income $273M (incl. $121M tax release and $18M debt repurchase gain); Adjusted EBITDA $305M; revenue $954M (+41% Q/Q).
the Board increased its size from seven to ten directors and appointed each of Christa Davies, Paul Clement, and Chris Lehane (collectively, the “New Directors”) to serve as a director of the Company, effective immediately.
the Board increased its size from seven to ten directors and appointed each of Christa Davies, Paul Clement, and Chris Lehane (collectively, the “New Directors”) to serve as a director of the Company, effective immediately.
the Board increased its size from seven to ten directors and appointed each of Christa Davies, Paul Clement, and Chris Lehane (collectively, the “New Directors”) to serve as a director of the Company, effective immediately.
On April 18, 2024, Kathryn Haun informed Coinbase Global, Inc. (“Coinbase”) that she will not stand for re-election to Coinbase’s Board of Directors (the “Board”) when her current term expires at Coinbase’s 2024 Annual Meeting of Stockholders (the “2024 Annual Meeting”).
Max materiality 0.90 · Median 0.70 · Most common event earnings