Every 10-Q that Coinbase Global, Inc. (COIN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow COIN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full COIN filings page.
Coinbase Global reported weaker mid‑2026 results as volatile crypto and investment markets reversed prior‑year gains. Total revenue was $1.22 billion for Q2 2026 and $2.63 billion for the first half, down from $1.50 billion and $3.53 billion a year earlier. Net revenue of $1.15 billion in Q2 included $599 million of transaction revenue and $555 million of subscription and services revenue. The company posted a Q2 net loss of $359 million and a first‑half loss of $754 million, versus profits of $1.43 billion and $1.49 billion last year, largely due to losses on crypto assets held for investment and much smaller gains on equity investments.
Cash, cash equivalents and restricted cash were $13.15 billion at June 30, 2026, after generating $380 million of operating cash flow, using $3.57 billion in financing outflows, repurchasing stock, and repaying $1.3 billion of 0.50% convertible notes that matured in June. Long‑term debt carried on the balance sheet was $5.9 billion. Assets on Platform held for customers were $245.9 billion, down from $425.0 billion a year earlier, mainly reflecting lower crypto prices despite unit growth, particularly in Bitcoin.
Strategically, Coinbase continued integrating the Deribit and Echo acquisitions to build its derivatives and onchain capital‑raising platforms. A restructuring announced in May 2026 eliminated about 700 roles and produced $52 million of severance and related costs. Monthly Transacting Users fell to 7.6 million in Q2 from 8.7 million in the prior‑year period, as weaker market conditions reduced trading activity, though management highlights positive Adjusted EBITDA of $208 million for Q2 and $511 million for the first half.
Coinbase Global, Inc. reported total revenue of $1.41 billion for the quarter ended March 31, 2026, down from $2.03 billion a year earlier. Net revenue fell as trading activity slowed and subscription and services softened, leading to a net loss of $394.1 million versus net income of $65.6 million. Transaction revenue dropped to $755.8 million, while stablecoin revenue grew to $305.4 million as USDC balances increased despite lower interest rates. Adjusted EBITDA declined to $303.3 million from $929.9 million, but operating cash flow remained positive at $182.7 million. Coinbase closed its $4.29 billion Deribit acquisition and used $1.06 billion to repurchase 6.3 million shares. After quarter-end, it announced a restructuring plan expected to cut about 700 roles and incur $50–$60 million of severance costs in the second quarter of 2026.
Coinbase Global (COIN) reported a strong Q3 2025 and completed a major acquisition. Total revenue was $1,868,693 thousand, up from $1,205,193 thousand a year ago, as both trading and subscription lines grew. Net income rose to $432,552 thousand, with diluted EPS of $1.50, reflecting higher activity and stablecoin-related revenue.
The company acquired Deribit (Sentillia B.V.) for $4.3 billion, paid as $721,460 thousand in cash and $3,573,092 thousand in Class A stock. The deal added $2,818,754 thousand of goodwill and $1,390,000 thousand of identifiable intangibles, positioning Coinbase in crypto derivatives. Coinbase also issued $1.5 billion of 0% convertible notes due 2029 (conversion price $454.44) and $1.5 billion due 2032 (conversion price $394.84), and purchased capped calls for $224,250 thousand.
Balance sheet and cash flows shifted with growth and financing. Assets reached $31,351,367 thousand, including USDC of $3,696,441 thousand and crypto assets held for investment of $2,597,277 thousand. Operating cash flow was $(638,768) thousand, investing cash flow $(1,652,383) thousand, and financing cash flow $1,896,096 thousand.