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AI brief of an SEC Form 8-K · Coinbase (COIN)

Coinbase Q3 revenue rises 25% to $1.9 billion; net income $433 million

Positive Impact 3 of 5 earnings Written later

Coinbase reported third-quarter 2025 results in a shareholder letter furnished with an 8-K on October 30, 2025. Total revenue rose 25% from the prior quarter to $1.9 billion, and net income was $433 million, compared with $75 million a year earlier. The company also gave fourth-quarter guidance and said October transaction revenue was about $385 million.

Key points

  • Total revenue was $1.9 billion, up 25% Q/Q; transaction revenue was $1.0 billion, up 37% Q/Q.
  • Net income was $433 million, versus $1,429 million in Q2 2025; Adjusted EBITDA was $801 million.
  • Q4 2025 outlook: subscription and services revenue of $710 million to $790 million; technology, development, and G&A expenses of $925 million to $975 million.
  • In October 2025, the board raised the share repurchase authorization from $1.0 billion to $2.0 billion.

The filing

CompanyCoinbase (COIN)
Form8-K, current report
Filed with the SECOct 30, 2025, 4:06 PM ET
Accession number0001679788-25-000207

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:30 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.