Coinbase Files Q3 2024 10-Q with Financial Updates
Ticker: COIN · Form: 10-Q · Filed: 2024-10-30T00:00:00.000Z
Sentiment: neutral
Topics: 10-Q, earnings, cryptocurrency, financial-services
Related Tickers: COIN
TL;DR
Coinbase's Q3 2024 10-Q is in, showing their latest crypto biz numbers.
AI Summary
Coinbase Global, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter of 2024. Specific financial figures and business segment revenues are presented, reflecting the company's activities in the cryptocurrency and financial services sector.
Why It Matters
This filing provides crucial insights into Coinbase's financial health and operational performance during the third quarter of 2024, impacting investors and the broader cryptocurrency market.
Risk Assessment
Risk Level: medium — The cryptocurrency market is inherently volatile, and Coinbase's financial performance is closely tied to market fluctuations and regulatory changes.
Key Numbers
- 2024 Q3 — Reporting Period (Indicates the specific quarter for which financial data is reported.)
- 12/31 — Fiscal Year End (Specifies the end date of Coinbase's fiscal year.)
Key Players & Entities
- Coinbase Global, Inc. (company) — Filer of the 10-Q report
- 20240930 (date) — End of the reporting period
- 20241030 (date) — Date of filing
FAQ
What is the reporting period for this 10-Q filing?
The reporting period for this 10-Q filing is the quarter ended September 30, 2024 (2024 Q3).
When was this 10-Q filed with the SEC?
This 10-Q was filed on October 30, 2024.
What is Coinbase Global, Inc.'s fiscal year end?
Coinbase Global, Inc.'s fiscal year ends on December 31 (12/31).
What are the primary business segments mentioned in the filing context?
The filing context mentions segments such as 'BankServicingAndSubscriptionAndCirculationMember' and 'OtherRevenueMember'.
What is the SEC file number for Coinbase Global, Inc.?
The SEC file number for Coinbase Global, Inc. is 001-40289.
From the Filing
0001679788-24-000187.txt : 20241030 0001679788-24-000187.hdr.sgml : 20241030 20241030161511 ACCESSION NUMBER: 0001679788-24-000187 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 111 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241030 DATE AS OF CHANGE: 20241030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Coinbase Global, Inc. CENTRAL INDEX KEY: 0001679788 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 464707224 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-40289 FILM NUMBER: 241410514 BUSINESS ADDRESS: STREET 1: C/O CORPORATION SERVICE COMPANY STREET 2: 251 LITTLE FALLS DRIVE CITY: WILMINGTON STATE: DE ZIP: 19808 BUSINESS PHONE: 3026365401 MAIL ADDRESS: STREET 1: C/O CORPORATION SERVICE COMPANY STREET 2: 251 LITTLE FALLS DRIVE CITY: WILMINGTON STATE: DE ZIP: 19808 10-Q 1 coin-20240930.htm 10-Q coin-20240930 0001679788 FALSE 2024 Q3 12/31 http://fasb.org/us-gaap/2024#AccountingStandardsUpdate202308Member 183 727 361 365 363 xbrli:shares iso4217:USD iso4217:USD xbrli:shares xbrli:pure coin:unit coin:day coin:class_action_case 0001679788 2024-01-01 2024-09-30 0001679788 us-gaap:CommonClassAMember 2024-10-23 0001679788 us-gaap:CommonClassBMember 2024-10-23 0001679788 2024-09-30 0001679788 2023-12-31 0001679788 us-gaap:CommonClassAMember 2023-12-31 0001679788 us-gaap:CommonClassAMember 2024-09-30 0001679788 us-gaap:CommonClassBMember 2023-12-31 0001679788 us-gaap:CommonClassBMember 2024-09-30 0001679788 coin:BankServicingAndSubscriptionAndCirculationMember 2024-07-01 2024-09-30 0001679788 coin:BankServicingAndSubscriptionAndCirculationMember 2023-07-01 2023-09-30 0001679788 coin:BankServicingAndSubscriptionAndCirculationMember 2024-01-01 2024-09-30 0001679788 coin:BankServicingAndSubscriptionAndCirculationMember 2023-01-01 2023-09-30 0001679788 coin:OtherRevenueMember 2024-07-01 2024-09-30 0001679788 coin:OtherRevenueMember 2023-07-01 2023-09-30 0001679788 coin:OtherRevenueMember 2024-01-01 2024-09-30 0001679788 coin:OtherRevenueMember 2023-01-01 2023-09-30 0001679788 2024-07-01 2024-09-30 0001679788 2023-07-01 2023-09-30 0001679788 2023-01-01 2023-09-30 0001679788 us-gaap:CommonStockMember 2024-06-30 0001679788 us-gaap:AdditionalPaidInCapitalMember 2024-06-30 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-06-30 0001679788 us-gaap:RetainedEarningsMember 2024-06-30 0001679788 2024-06-30 0001679788 us-gaap:CommonStockMember 2024-07-01 2024-09-30 0001679788 us-gaap:AdditionalPaidInCapitalMember 2024-07-01 2024-09-30 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-07-01 2024-09-30 0001679788 us-gaap:RetainedEarningsMember 2024-07-01 2024-09-30 0001679788 us-gaap:CommonStockMember 2024-09-30 0001679788 us-gaap:AdditionalPaidInCapitalMember 2024-09-30 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-09-30 0001679788 us-gaap:RetainedEarningsMember 2024-09-30 0001679788 us-gaap:CommonStockMember 2023-06-30 0001679788 us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-06-30 0001679788 us-gaap:RetainedEarningsMember 2023-06-30 0001679788 2023-06-30 0001679788 us-gaap:CommonStockMember 2023-07-01 2023-09-30 0001679788 us-gaap:AdditionalPaidInCapitalMember 2023-07-01 2023-09-30 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-07-01 2023-09-30 0001679788 us-gaap:RetainedEarningsMember 2023-07-01 2023-09-30 0001679788 us-gaap:CommonStockMember 2023-09-30 0001679788 us-gaap:AdditionalPaidInCapitalMember 2023-09-30 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-09-30 0001679788 us-gaap:RetainedEarningsMember 2023-09-30 0001679788 2023-09-30 0001679788 us-gaap:CommonStockMember 2023-12-31 0001679788 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001679788 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001679788 us-gaap:Retained