Hah, ... they've got like $5B in cash, and the $446 in non-cash impairment losses is probably not going to recur (assuming crypto has "bottomed").

They're a shitty organization but investors keep tossing them gobs of cash, how much further can they F it up?

3 more months and they're in bankruptcy! LFG!!!

DeezSats

Coinbase's Q2 report can be downloaded here:

*Second Quarter 2022 - Shareholder Letter*
https://s27.q4cdn.com/397450999/files/doc_financials/2022/q2/Q2-2022-Shareholder-Letter.pdf

cryptocoin

Revenue declined to $808.3 million, missing the $854.8 million estimate from analysts polled by Bloomberg. Monthly transacting users dropped to 9 million in the second quarter, a 2% decline from prior quarter.

Coinbase lost $1.1 billion in the three months ended June 30, including a $446 million non-cash impairment charges related to investments and ventures.

bitcoin

Coinbase Q2: $1.1 billion loss and lower-than-expected revenue

> Revenue declined to $808.3 million, missing the $854.8 million estimate from analysts polled by Bloomberg. Monthly transacting users dropped to 9 million in the second quarter, a 2% decline from prior quarter. 

> Coinbase lost $1.1 billion in the three months ended June 30, including a $446 million non-cash impairment charges related to investments and ventures.