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).
Coinbase Q3 net loss narrows to $2M; revenue down 5% Q/Q; repurchases $263M debt
Q3 net loss of $2M (vs Q2 loss $97M); Adjusted EBITDA $181M, third consecutive positive quarter.
Coinbase Q2 net loss $97M, positive Adj EBITDA $194M; net revenue down 10% Q/Q
Net revenue $663M (down 10% Q/Q); transaction revenue $327M (-13% Q/Q) on low crypto volatility.
Coinbase Q1 net loss $79M, Adj EBITDA $284M, revenue up 22% Q/Q
Net revenue $736M (+22% Q/Q); total revenue $773M; net loss narrowed from $124M Q4 to $79M.
Coinbase receives SEC Wells Notice over crypto spot market, staking, and wallet services
SEC Staff made preliminary determination to recommend enforcement action against Coinbase for alleged securities law violations.
Coinbase Q4 net revenue $605M (+5% Q/Q), net loss $557M; full-year net loss $2.6B
Q4 net revenue $605M, up 5% Q/Q; transaction revenue $322M (-12% Q/Q), subscription & services $283M (+34% Q/Q).
Coinbase announces 950 layoffs, FY2022 Adj. EBITDA expected within -$500M loss guid
Restructuring plan to cut ~950 employees, substantially complete by Q2 2023.
Coinbase CPO Surojit Chatterjee departs; to advise through Dec 2023 with 249,315 option vesting
Chatterjee stepped down as Chief Product Officer effective Nov 30, 2022; employment ends Feb 3, 2023.
Coinbase Q3 net revenue $576M, net loss $545M; subscription revenue up 43% Q/Q
Transaction revenue $366M (-44% Q/Q) on lower trading volume of $159B (-27% Q/Q).
Coinbase CPO Surojit Chatterjee steps down; product teams reorganized
Surojit Chatterjee to depart as Chief Product Officer effective November 30, 2022.
Coinbase Q2 net revenue $803M, net loss $1.1B; restructures with 18% headcount cut
Net revenue $803M, down 31% QoQ; net loss $1.1B including $446M non-cash impairment charges.
Coinbase cuts ~1,100 employees (18% of workforce); $40-45M in restructuring costs
Reduction of ~1,100 employees, ~18% of global workforce; expects ~5,000 employees after.
On July 8, 2026, Paul Grewal notified Coinbase Global, Inc. (“Coinbase” or the “Company”) of his intention to step down as Chief Legal Officer and Secretary of Coinbase, effective July 31, 2026.
the Company expects to appoint Molly Abraham, Vice President, Legal as the Company’s General Counsel and Secretary.
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”).
the Company and Surojit Chatterjee mutually agreed on October 28, 2022 that Mr. Chatterjee would step down as Chief Product Officer, effective November 30, 2022.
On October 28, 2022, Coinbase Global, Inc. (“Coinbase” or the “Company”) and Surojit Chatterjee, the Company’s Chief Product Officer, mutually agreed that Mr. Chatterjee would step down as Chief Product Officer, effective November 30, 2022.
On February 2, 2022, the Board of Directors (the “Board”) of Coinbase Global, Inc. (the “Company”), following a recommendation from the Nominating and Corporate Governance Committee of the Board, appointed Tobi Lütke to serve as a director of the Company, effective immediately.
Max materiality 0.90 · Median 0.68 · Most common event earnings