Coinbase Global, Inc.
355.22-6.21 (-1.72%)
Oct 28, 4:00:02 PM EDT · NasdaqGS · COIN · USD
Key Stats
Market Cap
92.87BP/E (TTM)
34.86Basic EPS (TTM)
10.19Dividend Yield
0%Recent Filings
8-K
Registers 11M shares for resale
Coinbase Global filed a prospectus supplement on August 15, 2025, registering up to 10,997,856 shares of Class A common stock for resale by selling stockholders under a May 8, 2025, Share Purchase Agreement with Sentillia B.V. and its shareholders. This fulfills registration rights tied to the prior transaction. Shares hit the market soon. The move eases liquidity for sellers but could pressure stock supply.
8-K
Coinbase raises $3B in convertibles
Coinbase Global completed a $3 billion private offering of 0% convertible senior notes due 2029 and 2032 on August 8, 2025, yielding net proceeds of $2.96 billion after costs. The company allocated $224.3 million to capped call transactions hedging dilution, with remaining funds earmarked for general corporate purposes like working capital and potential acquisitions. No interest accrues, but conversion hinges on stock price thresholds above $394.84-$454.44 per share. This bolsters liquidity amid crypto volatility, yet ties repayment to equity performance.
8-K
Coinbase prices $2.6B notes
Coinbase priced an upsized $2.6 billion private offering of 0% convertible senior notes due 2029 and 2032 on August 5, 2025, expecting $2.56 billion in net proceeds after fees, settling August 8. The company will allocate $194.4 million to capped call transactions to curb dilution on conversions, with the rest for general corporate uses like acquisitions, capex, and repurchasing stock or existing debt. Options allow up to $400 million more notes. Hedging by counterparties may sway stock prices.
8-K
Coinbase proposes $2B notes offering
Coinbase announced plans to offer $1.0 billion in convertible senior notes due 2029 and another $1.0 billion due 2032, with options for up to $300 million more, all subject to market conditions. The notes, sold privately to qualified buyers, will mature on October 1, 2029, and 2032, respectively, and convert into cash, stock, or both at Coinbase's choice. Proceeds will fund capped calls to curb dilution, plus general corporate needs like acquisitions and debt repayment. Market hedges could sway stock prices.
10-Q
Q2 FY2025 results
Coinbase's Q2 FY2025 results showed net revenue edging up 3% y/y to $1.4B, driven by 9% growth in subscription and services to $656M from stablecoin gains, while transaction revenue dipped 2% y/y amid softer consumer volumes. Operating loss of $25M marked a swing from $343M income, hit by $307M Data Theft Incident costs, yet net income soared to $1.4B on $1.5B strategic investment gains. Diluted EPS jumped to $5.14 from $0.14, reconciling with 279M shares. Cash fell to $7.5B, with $145M operating cash flow; total debt stood at $4.2B including $1.3B due 2026. Signed $700M Deribit acquisition in May 2025 (cash and 11M shares), expected close by year-end. Yet regulatory scrutiny persists amid crypto's volatility.
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