Every material Form 8-K Coinbase filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Coinbase Global, Inc. announced its financial results for the quarter ended September 30, 2026, reporting total revenue of $1.2 billion and net income of $719 million. Shareholders benefited from disciplined expense management, $333 million in adjusted EBITDA, and continued growth in subscription and services revenue which reached 49% of net revenue.
Total revenue for Q3 2026 was $1.2 billion, with transaction revenue at $590 million and subscription and services revenue at $570 million.
Net income reached $719 million and adjusted EBITDA was $333 million.
Cash and cash equivalents stood at $8.6 billion as of September 30, 2026.
Paid Coinbase One subscribers reached a new all-time high, and prediction markets annualized revenue surpassed $200 million.
Coinbase disclosed that Chief Accounting Officer and principal accounting officer Jennifer Jones notified the company on September 29, 2026 of her decision to retire. She will remain in her roles until a successor takes over, and the company has started a search for candidates. The filing says the retirement is not due to any disagreement with Coinbase on its operations, policies, or practices.
Jennifer Jones, Chief Accounting Officer and principal accounting officer, notified Coinbase of her retirement on September 29, 2026.
Ms. Jones will continue in her roles until they are transitioned to a successor.
Coinbase has initiated a search for a successor and Ms. Jones will work with that person on the transition.
The filing states her decision is not the result of any disagreement with Coinbase.
On September 1, 2026, Coinbase Global increased its board from nine to ten directors and appointed Anthony Armstrong, effective immediately, to serve on the Audit and Compliance Committee. The filing describes routine director terms and compensation under the existing non-employee director program, with no financial results or guidance included.
Board size increased from nine to ten directors on September 1, 2026, and Anthony Armstrong appointed effective immediately
Armstrong will serve on the Audit and Compliance Committee until the 2027 annual meeting or until a successor is elected
Compensation follows the non-employee director program; Coinbase also entered its standard indemnification agreement with him
Coinbase published an earnings presentation for the quarter ended June 30, 2026, furnished as Exhibit 99.1 to this Form 8-K. The deck highlights record crypto trading volume market share and record average USDC held in its products, but its Assets on Platform fell from $294 billion to $246 billion, and the filing does not state revenue, net income or per-share results.
Coinbase Crypto Trading Volume Market Share reached an all-time high of 10.3% in Q2 2026, up from 9.1% in Q1 2026.
Assets on Platform fell to $246 billion at Q2 2026 end from $294 billion in Q1 2026, which the company attributes mainly to Bitcoin ETF outflows.
Average USDC held in Coinbase products reached a record $20 billion in Q2 2026, and subscription and services made up 48% of total net revenue.
Prediction markets contracts and revenue more than doubled quarter over quarter.
Coinbase said Chief People Officer Lawrence Brock will leave the role effective August 17, 2026, and the company expects to appoint Dominique Baillet as successor. Brock will then serve as an advisor from September 2 through November 30, 2026, under an agreement that includes a lump sum payment equal to three months of his base salary.
Lawrence Brock notified Coinbase on July 22, 2026 of his intention to step down as Chief People Officer, effective August 17, 2026.
Brock remains an employee through September 1, 2026 to assist with the transition.
Advisor Agreement signed July 23, 2026 covers services from September 2 through November 30, 2026.
Brock receives a lump sum equal to three months of current base salary after the advisory period, plus continued vesting of RSUs scheduled for November 20, 2026.
Coinbase's Chief Legal Officer and Secretary, Paul Grewal, will step down effective July 31, 2026, and the company expects to appoint Molly Abraham, Vice President, Legal, as General Counsel and Secretary. Grewal will serve as an advisor from August 1 to October 31, 2026, receiving a lump sum equal to three months of base salary and continued vesting of certain restricted stock units.
Paul Grewal notified Coinbase of his intention to step down on July 8, 2026, effective July 31, 2026.
Molly Abraham, Vice President, Legal, is expected to be appointed General Counsel and Secretary.
Advisor Agreement runs August 1 to October 31, 2026; payout is a lump sum of three months' base salary, paid after the advisory period.
Restricted stock units scheduled to vest August 20, 2026 continue to vest, subject to Grewal's continued services.
Coinbase reported first-quarter 2026 total revenue of $1.4 billion, down 21% from the prior quarter and 31% from a year earlier, and a net loss of $394 million. Adjusted EBITDA was $303 million, the 13th straight positive quarter, while the company cut expenses and said it expects about 14% headcount reduction and a one-time $50-60 million restructuring expense in the second quarter.
Q1 2026 total revenue was $1.4 billion (down 21% Q/Q, down 31% Y/Y); net loss was $394 million, versus a $667 million loss in Q4 2025.
Adjusted EBITDA was $303 million; subscription and services revenue was $584 million, 44% of net revenue.
Q2 2026 outlook includes subscription and services revenue of $565-$645 million and a one-time restructuring expense of about $50-$60 million.
Management plans a 14% headcount reduction to about 4,300 continuing employees, from 4,988 at the end of Q1.
Coinbase announced a restructuring plan to manage operating expenses amid current market conditions and optimize operations for the AI era. The plan reduces its workforce by about 700 employees, roughly 14% of its global workforce as of May 1, 2026, and is expected to be substantially complete in the second quarter of 2026. The company estimates $50 million to $60 million in restructuring charges, mostly employee severance, which it expects to recognize in the second quarter; actual amounts may differ materially.
About 700 employees affected, approximately 14% of global workforce as of May 1, 2026
Estimated total restructuring expenses of $50 million to $60 million, substantially all cash-based and mainly severance
Substantially all charges expected to be recognized in the second quarter of 2026
Estimates are subject to local law and consultation requirements and may change
Coinbase said director Paul Clement, who informed the company on April 7, 2026, will not stand for re-election when his term expires at the 2026 Annual Meeting of Shareholders. The board expects to reduce its size from ten directors to nine at that time.
Paul Clement told Coinbase on April 7, 2026 that he will not seek re-election to the Board.
Clement's departure takes effect when his term ends at the 2026 Annual Meeting of Shareholders.
The Board anticipates cutting its size from ten directors to nine after that meeting.
The filing does not state a reason for Clement's decision.
Coinbase reported fourth-quarter 2025 total revenue of $1.8 billion, down 5% from the prior quarter, and a net loss of $667 million, compared with net income of $433 million in Q3. The loss was driven mainly by a $718 million loss on its crypto asset investment portfolio and a $395 million loss on strategic investments. Full-year 2025 total revenue rose 9% to $7.2 billion, but full-year net income fell to $1.26 billion from $2.58 billion in 2024.
Q4 2025 net loss was $667 million, versus net income of $433 million in Q3 2025; Adjusted EBITDA was $566 million, versus $801 million in Q3
Full-year 2025 total revenue was $7.2 billion, up 9% year over year
Repurchased $1.7 billion of Class A common stock in Q4 and through February 10, 2026; board added $2.0 billion to the repurchase authorization in January 2026, with $2.3 billion remaining as of February 10, 2026
Q1 2026 subscription and services revenue outlook is $550 million to $630 million
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Coinbase filing is on SEC EDGAR ↗. 8-K briefs of other companies →