Coinbase 2026年季度报告

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period fromto. Commission file number 001-40289 Coinbase Global, Inc. (Exact name of registrant as specified in its charter) 46-4707224 Texas (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Not ApplicableRegistrant's telephone number, including area code 1 Not Applicable(Former name, former address and former fiscal year, if changed since last report) Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports); and (2) has been subjectto such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required tosubmit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and“emerging growth company” in Rule 12b-2 of the Exchange Act. Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ As of April30, 2026, the number of shares of the registrant's Class A common stock outstanding was 222,426,875 and the number of shares ofthe registrant's Class B common stock outstanding was 41,033,891. TABLE OF CONTENTS SPECIAL NOTE ABOUT FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements. All statements contained in this Quarterly Report onForm 10-Q other than statements of historical fact, including statements regarding our future operating results and financialposition, our business strategy and plans, market growth, and our objectives for future operations, are forward-looking statements.In some cases, forward-looking statements may be identified by words such as “believe,” “may,” “will,” “estimate,” “potential,”“continue,” “anticipate,” “intend,” “expect,” “could,” “would,” “project,” “plan,” “target,” or the negative of these terms or other similarexpressions. Forward-looking statements contained in this Quarterly Report on Form 10-Q include, but are not limited to, statements about: •our future financial performance, including our expectations regarding our net revenue, operating expenses, and ourability to achieve and maintain future profitability; •our business plan and our ability to effectively manage any growth;•anticipatedtrends,growth rates,and challenges in our business,the onchain economy,the price,and marketcapitalization of crypto assets and in the markets in which we operate;•market acceptance of our products and services;•our ability to continue to diversify and grow our subscription and services revenue, including our stablecoin revenue, andthe impact of interest rate changes on such revenue;•the growth and regulatory treatment of our derivatives trading and event contract products;•beliefs and objectives for future operations;•our ability to maintain, expand, and further penetrate our existing customer base;•our ability to develop new products and services and grow our business in response to changing technologies, customerdemand, and competitive pressures;•our expectations concerning relationships with third parties;•our ability to maintain, protect, and enhance our intellectual property;•our ability to continue to expand internationally;•the effects of increased competition in our markets and our ability to compete effectively;•future acquisitions of or investments in complementary companies, products, services, or technologies and our ability tosuccessfully integrate such companies or assets;•our ability to stay in compliance with laws and regulations that currently apply or become applicable to our business bothin the United States and internationally given the highly evolving and uncertain regulatory landscape;•general macroeconomic conditions, including interest rates, inflation, changes in tariffs and trade restricti