COINCoinbase

Financials · Financial Services · Nasdaq

We are working to update the century-old financial system by providing a trusted platform that makes it easy for our customers to engage with crypto assets. 10-K, Item 1

Employees: 4,951
Headquarters: New York, NY
Next results: around Feb 11, 2027

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What the 10-K filed 2026-02-12 says about risks that are not on the face of the balance sheet, from the notes to the financial statements, Legal Proceedings and the MD&A (and, for big customers and key suppliers, Business and Risk Factors). Tickdelta picks sentences with specifics (amounts, accruals, covenant ratios) and quotes them as filed. New marks a sentence with nothing like it in the 10-K filed 2025-02-13.

Big customers

Customers the company names as a large share of revenue or receivables (it must name any worth 10% of revenue).

No specific sentence about this in the 10-K.

Key suppliers

Parts or manufacturing that depend on one or a few suppliers.

No specific sentence about this in the 10-K.

Lawsuits and legal claims

Pending cases, settlements and what the company has set aside for them.

“On March 11, 2022, plaintiffs filed an amended complaint adding Coinbase, Inc. and Brian Armstrong as defendants and adding causes of action, including alleging claims under Sections 5, 12(a)(1) and 15 of the Securities Act and violations of certain New Jersey state statutes.”
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“Among other relief requested, the plaintiffs sought injunctive relief, unspecified damages, attorneys’ fees and costs.”
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“On June 27, 2024, defendants filed an answer to the amended complaint, and on July 29, 2024, the defendants filed a Motion for Judgment on the Pleadings requesting the District Court dismiss the remaining claims.”
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Guarantees and indemnities

Promises to pay someone else's debts or losses if they cannot.

No specific sentence about this in the 10-K.

Debt covenants

Conditions in loan agreements that, if broken, can make debt due early.

“The Company is not aware of any instances of non-compliance with the covenants as of December 31, 2025.”
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Commitments off the balance sheet

1 new

Contracts the company must pay for later: purchase obligations, take-or-pay deals.

“Non-cancelable purchase obligations(1) $ 169,886 $ 670,422”
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“(1) Committed spend for non-cancellable purchase obligations greater than $2.0 million per obligation, primarily relating to technology.”
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New “The increase from total purchase obligations of $198.5 million as of December 31, 2024 reflects the renewal of a multi-year technology services agreement.”
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“(1) Committed spend for non-cancellable purchase obligations greater than $2.0 million per obligation.”
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Sentences are chosen by their words, not read by AI, so some can be off topic. Always check the filing. Open the 10-K ↗

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