8-KEarnings & ResultsExhibits & Filings

Coinbase Global, Inc. 8-K Report, Financial Results (Nov 9, 2021)

Filed November 9, 2021For Securities:COIN

Summary

Coinbase Global, Inc. (COIN) filed an 8-K on November 9, 2021, to announce its financial results for the third quarter ended September 30, 2021. The filing primarily directs investors to a furnished Shareholder Letter (Exhibit 99.1) and an upcoming conference call for detailed financial performance information. Investors should note that the information furnished, including the Shareholder Letter, is not considered "filed" for regulatory purposes and thus may not be subject to the same liabilities as a formally filed document. Coinbase also stated its intention to use non-GAAP financial measures in its reporting, with a reconciliation provided in the Shareholder Letter. The company emphasizes its commitment to transparent communication by disclosing material information through various channels, including SEC filings, its official website, blog, press releases, and social media platforms like Twitter, Facebook, LinkedIn, and YouTube, as well as through its CEO's Twitter feed. Investors are encouraged to monitor these diverse sources for comprehensive updates on Coinbase's performance and strategic communications.

Key Highlights

  • 1Coinbase announced its Q3 2021 financial results via an 8-K filing on November 9, 2021.
  • 2The primary source for detailed financial results and performance commentary is a furnished Shareholder Letter (Exhibit 99.1).
  • 3A conference call to discuss Q3 2021 results was scheduled for November 9, 2021.
  • 4The company will be referencing non-GAAP financial information, with reconciliations available in the Shareholder Letter.
  • 5Information furnished in the 8-K, including the Shareholder Letter, is not "filed" for Section 18 purposes.
  • 6Coinbase utilizes multiple channels (website, blog, social media, press releases) for disseminating material information to investors.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Coinbase's financial results for the third quarter ended September 30, 2021, and to direct investors to the Shareholder Letter and an associated conference call for detailed information.

Detailed financial results and commentary for Q3 2021 can be found in the Shareholder Letter, furnished as Exhibit 99.1 to this 8-K filing, and will be discussed on the conference call.

No, the information furnished in this 8-K, including the Shareholder Letter, is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934. It is provided for informational purposes.

Yes, Coinbase indicates that it will be referencing non-GAAP financial information. A reconciliation of GAAP to non-GAAP results is provided within the Shareholder Letter.