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Block, Inc. 10-Q Filings

XYZ NYSE

Every 10-Q that Block, Inc. (XYZ) 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 XYZ 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 XYZ filings page.

Rhea-AI Summary

Block, Inc. reported Q2 2026 results with total net revenue of $6,617,687 (in thousands), up from $6,054,457 (in thousands) a year earlier, and gross profit of $3,166,081 (in thousands), up from $2,536,530 (in thousands). Net income attributable to common stockholders declined to $88,517 (in thousands), or $0.15 per diluted share, and for the first six months the company posted a net loss of $220,164 (in thousands), or ($0.37) per share, versus prior-year profit.

Profitability was pressured by higher operating expenses, including $585,450 (in thousands) of transaction, loan, and consumer receivable losses in Q2, significantly higher general and administrative costs of $825,869 (in thousands), increased interest expense, and a $88,474 (in thousands) remeasurement loss on bitcoin investment compared with a prior-year gain. Year-to-date, bitcoin remeasurement losses reached $261,292 (in thousands).

The balance sheet showed $39.16 billion in total assets, with $6.43 billion in cash and cash equivalents and $12.85 billion including restricted cash and customer funds. Long-term debt stood at $5.72 billion and warehouse funding facilities drawn totaled $1.16 billion. Operating activities generated $1,985,416 (in thousands) of cash in the first half. The company repurchased 11.6 million shares for $700.9 million, leaving $4.6 billion authorized for future buybacks, and recorded a $526 million accrual related to an ongoing Department of Justice matter, noting that ultimate losses could exceed this amount and be material.

Rhea-AI Summary

Block, Inc. grew first-quarter 2026 net revenue to $6.06 billion from $5.77 billion, but swung to a net loss of $308.7 million versus prior-year profit of $189.9 million. Gross profit rose to $2.91 billion, led by Cash App and Square.

Results were weighed down by $495.3 million of restructuring charges from a workforce reduction of more than 40%, higher transaction, loan, and consumer receivable losses of $500.1 million, and a $172.8 million remeasurement loss on bitcoin investment. Block also accrued $240 million related to an ongoing DOJ inquiry and repurchased 10.7 million Class A shares for about $636 million, while ending the quarter with $6.86 billion in cash and cash equivalents.

Rhea-AI Summary

Block, Inc. reported third‑quarter results for the period ended September 30, 2025. Total net revenue was $6,114,952, up modestly year over year as higher transaction and subscription/services revenue offset lower bitcoin revenue. Gross profit rose to $2,661,570. Net income attributable to common stockholders was $461,544, with diluted EPS of $0.74.

Operating income improved to $409,440 as the company kept product development and G&A broadly in line while absorbing higher transaction, loan, and consumer receivable losses of $363,455 in the quarter. Subscription and services-based revenue reached $2,204,889, while bitcoin revenue decreased to $1,966,394.

The balance sheet reflects a strategic shift: loans held for investment increased to $2,203,273 (from $365,062 at December 31, 2024) with an allowance for credit losses of $216.3 million. Year to date, cash from operating activities was $1,958,714. Financing actions included issuing $2,200,000 of senior notes, redeeming $1,000,624 of convertible notes, and repurchasing $1,540,529 of common stock. Cash and cash equivalents ended the period at $8,335,934, and total assets were $39,182,823.