COIN at a glance
Coinbase (COIN, SEC CIK 1679788) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on October 2, 2026 and Form 4 insider filings as recently as October 5, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Coinbase (COIN) reported revenue of $7.2 billion (up 9.4% from FY2024) and net income of $1.3 billion. Diluted EPS was $4.45.
- As of June 30, 2026, 42 institutional investment managers tracked by SignalX reported holding Coinbase (COIN) shares worth $10.5 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Andreessen Marc L on October 2, 2026 of 6,838 shares at $198.00 per share.
- In the last 90 days, COIN insiders reported 0 open-market purchases ($0) and 31 open-market sales ($23.0M) on Form 4, a net sale of $23.0M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $7.2B
- +9.4% vs prior year
- Insiders · 90 days
- 0 buys · 31 sells
- Net −$23.0M
- 13F holders
- 42 funds
- $10.5B · +0 vs prior quarter
- Latest 8-K
- Sep 2, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Management Discussion & Analysis
- Revenue $6.9B, up 9.5% YoY from $6.3B; transaction revenue $4.1B (+2%), subscription/services $2.8B (+23%)
- Net income $1.3B, down 51% YoY from $2.6B; Adjusted EBITDA $2.8B, down 16% from $3.3B; operating margin approx. 40.6% vs 53.2%
- Best segment: Subscription/services revenue $2.8B (+23%) driven by stablecoin revenue (+48%); worst segment: Consumer transaction revenue $3.3B, down 3%
- Assets on Platform $376B, down 7% YoY due to price declines; Trading volume $1.22T, up 3%; transaction expenses $1.02B (+14%)
- Capex and cash flow details not provided; management expects Q1 2026 tech/dev and G&A expenses in line with Q4 2025; marketing expenses steady or lower reflecting timing changes
- Forward outlook: growth linked to regulatory clarity, stablecoin adoption (USDC), and product expansion; risk from uncertain interest rates impacting subscription revenue; expense base to be dynamically managed
Business Overview
- Core business: Crypto asset custody and money transmitting services via regulated subsidiaries
- Emphasis on regulatory capital compliance for subsidiaries under NYDFS and other regulators, holding $4.2B net capital surplus as of Dec 31, 2025
- Increased focus on subsidiaries intermediating derivative customer orders and operating regulated derivatives marketplaces
- Volatility in crypto assets impacting net capital requirements and regulatory capital planning
- Compliance maintained across multiple jurisdictions including significant New York regulatory oversight
Risk Factors
- Regulatory risk: stringent capital requirements on Coinbase Inc. as primary operating subsidiary, impacting liquidity and capital management
- Operational risk: $311.2M cash used for customer reimbursements from 2025 Data Theft Incident
- Financial risk: $2.6B decrease in customer custodial funds reduced financing cash inflows in 2025
- Strategic investment risk: $742M cash used for business combinations including August 2025 Deribit acquisition
- Market demand risk: $614M increased cash outflow for origination of fiat and stablecoin loans due to higher institutional financing demand
AI summary of the COIN 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Operating cash flow $380.1M vs $1.09B YoY for six months ended June 30, 2026
- Cash used in investing $500.6M, down $312.3M YoY
- Cash used in financing $3.57B, including $1.3B note repayment and $1.2B share repurchases
- Crypto assets held: $86.5M operations, $1.6B collateral, $229.1M borrowed, $1.5B investment
- Consumer net transaction revenue down $726.8M YoY, driving lower operating cash flow
Risk Factors
- No risk-factors section provided; excerpt covers equity repurchases and issuer purchases
- Repurchase authorization increased to $4.0 billion in January 2026
- June repurchases: 814,249 shares at $148.94 average price
- Remaining repurchase capacity: $1.97 billion as of June 30, 2026
- Repurchase program includes outstanding convertible and senior notes, with timing discretionary and cancellable
AI summary of the COIN 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Board expanded from nine to ten directors with Anthony Armstrong’s immediate appointment
- Audit and Compliance Committee assignment, strengthening oversight of Coinbase’s financial and regulatory functions
Item 2.02: Results of Operations and Financial Condition
- Reg FD disclosure-channel notice covering Coinbase’s investor website, blog, releases, calls, webcasts, and social-media accounts
- Investors should monitor these channels for potentially material non-public information beyond SEC filings
AI summaries of COIN 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for COIN
Don't miss the next COIN filing
- Alerts as it files. A push when COIN files an 8-K or an insider trades.
- Fund moves. Which tracked funds opened, added or cut COIN, by share count.
- Ask anything. An AI agent that reads every COIN filing and answers with sources.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Andreessen Marc L | Sell | Oct 2, 2026 | 6,838 | $198.00 |
| Andreessen Marc L | Sell | Oct 1, 2026 | 13,676 | $186.18 |
| HAAS ALESIA J | Sell | Sep 21, 2026 | 1,409 | $206.42 |
| HAAS ALESIA J | Sell | Sep 21, 2026 | 1,371 | $207.10 |
| Andreessen Marc L | Sell | Sep 21, 2026 | 6,838 | $205.05 |
| HAAS ALESIA J | Sell | Sep 21, 2026 | 410 | $203.67 |
| HAAS ALESIA J | Sell | Sep 21, 2026 | 35,840 | $205.14 |
| Andreessen Marc L | Sell | Sep 8, 2026 | 13,676 | $181.14 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $3.1B | $6.6B | $7.2B |
| Operating Income | - | $2.3B | $1.4B |
| Net Income | $94.9M | $2.6B | $1.3B |
| Op. Margin | - | 35.1% | 20.0% |
| Net Margin | 3.1% | 39.3% | 17.6% |
| Balance Sheet | |||
| Total Assets | $207.0B | $22.5B | $29.7B |
| Equity | $6.3B | $10.3B | $14.8B |
| ROE | 1.5% | 25.1% | 8.5% |
| Per Share | |||
| EPS | $0.37 | $9.48 | $4.45 |
| Cash Flow | |||
| Operating CF | $923.0M | $2.6B | $2.4B |
Source: XBRL data in Coinbase (COIN)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate COIN share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 42 | $10.48B |
| Q1 2026 | 42 | $12.74B |
| Q4 2025 | 40 | $21.16B |
| Q3 2025 | 43 | $32.63B |
| Q2 2025 | 43 | $31.96B |
| Q1 2025 | 39 | $9.63B |
| Q4 2024 | 32 | $13.25B |
| Q3 2024 | 27 | $4.33B |
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Source: 13F-HR filings on SEC EDGAR (aggregated from 308 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
COIN filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 5, 2026 | - | - | - |
| 8-K | Oct 2, 2026 | - | - | - |
| 4 | Sep 23, 2026 | - | - | - |
| 4 | Sep 23, 2026 | - | - | - |
| 4 | Sep 10, 2026 | - | - | - |
| 4 | Sep 3, 2026 | - | - | - |
| 4 | Sep 2, 2026 | - | - | - |
| 8-K | Sep 2, 2026 | - | Analysis | - |
| 4 | Aug 26, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 24, 2026 | - | - | - |
| 4 | Aug 18, 2026 | - | - | - |
| 4 | Aug 5, 2026 | - | - | - |
| 8-K | Jul 30, 2026 | - | Analysis | - |
| 10-Q | Jul 30, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 23, 2026 | - | Analysis | - |
| 8-K | Jul 9, 2026 | - | Analysis | - |
| 4 | Jul 6, 2026 | - | - | - |
| 4 | Jun 18, 2026 | - | - | - |
| 8-K | Jun 18, 2026 | - | Analysis | - |
| 4 | Jun 18, 2026 | - | - | - |
| 4 | Jun 18, 2026 | - | - | - |
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COIN SEC filings: frequently asked questions
Are COIN insiders buying or selling?
In the last 90 days, Coinbase (COIN) officers, directors and 10% owners reported no open-market purchases and 31 open-market sales worth $23.0 million by 4 insiders on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold COIN stock?
As of June 30, 2026, the largest Coinbase (COIN) holders among the 13F filers tracked by SignalX were BlackRock ($2.4 billion), Vanguard Capital Management LLC ($2.1 billion), Vanguard Portfolio Management LLC ($1.4 billion), State Street Corp ($1.4 billion), Morgan Stanley ($555.8 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was COIN's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Coinbase (COIN) reported revenue of $7.2 billion (up 9.4% from FY2024) and net income of $1.3 billion. Diluted EPS was $4.45. The figures come from the XBRL data in the 10-K.
What are the main risks in COIN's latest 10-K?
In the 10-K filed February 12, 2026, Coinbase (COIN) flagged: Regulatory risk: stringent capital requirements on Coinbase Inc. as primary operating subsidiary, impacting liquidity and capital management. Operational risk: $311.2M cash used for customer reimbursements from 2025 Data Theft Incident. (AI summary of the Risk Factors section.)
What did COIN report in its latest 8-K?
Coinbase (COIN) filed an 8-K on September 2, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Board expanded from nine to ten directors with Anthony Armstrong’s immediate appointment.
What are the latest COIN SEC filings?
Coinbase (COIN) filed its latest 10-K annual report on February 12, 2026, a 10-Q quarterly report on July 30, 2026, an 8-K current report on October 2, 2026 and a Form 4 insider filing on October 5, 2026.
What is COIN's SEC CIK number?
Coinbase (COIN)'s SEC Central Index Key (CIK) is 1679788. EDGAR lists every COIN filing under that number.
Ask anything about COIN
The research agent reads COIN's filings, financials, insider trades and 13F holders, then answers with sources.