8-KEarnings & ResultsExhibits & Filings

Coinbase Global, Inc. 8-K Report, Financial Results (Feb 15, 2024)

Filed February 15, 2024For Securities:COIN

Summary

Coinbase Global, Inc. (COIN) filed an 8-K on February 15, 2024, to announce its fourth quarter and full-year 2023 financial results. The primary purpose of this filing is to furnish the accompanying Shareholder Letter, which provides detailed insights into the company's performance. Investors should note that this information, while material, is furnished and not formally "filed" under Section 18 of the Exchange Act, meaning it doesn't carry the same regulatory liability. Coinbase also highlights its use of non-GAAP financial measures and directs investors to a reconciliation provided within the Shareholder Letter. The company emphasizes that it disseminates material information through various channels, including SEC filings, its website, blog, press releases, and social media platforms like X (formerly Twitter), Facebook, LinkedIn, and YouTube, as well as CEO Brian Armstrong's X feed. Investors are encouraged to monitor all these sources for a comprehensive understanding of Coinbase's communications.

Key Highlights

  • 1Coinbase is releasing its Q4 and Full Year 2023 financial results via a furnished Shareholder Letter, accompanying an 8-K filing.
  • 2The Shareholder Letter, dated February 15, 2024, contains the company's detailed financial performance for the relevant periods.
  • 3Information provided in this 8-K (including the Shareholder Letter) is furnished, not officially 'filed' under Section 18 of the Exchange Act.
  • 4Coinbase will use non-GAAP financial measures in its reporting, with reconciliations available in the Shareholder Letter.
  • 5The company has scheduled a conference call for February 15, 2024, to discuss these financial results.
  • 6Coinbase directs investors to multiple communication channels for material information, including SEC filings, its website, blog, social media, and CEO's X feed.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce and provide access to Coinbase's financial results for the fourth quarter and the full year ended December 31, 2023, through an accompanying Shareholder Letter.

The detailed financial results are presented in the Shareholder Letter, which is furnished as Exhibit 99.1 to this 8-K filing. You can also expect a conference call to discuss these results on February 15, 2024.

No, the information furnished with this Item 2.02, including the Shareholder Letter, is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This means it does not carry the same level of legal liability as formally filed documents.

Yes, Coinbase uses non-GAAP financial information in its announcements and conference calls regarding its financial results. A reconciliation of GAAP to non-GAAP results is provided within the Shareholder Letter.