v3.24.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,270,503 $ 1,309,172
Restricted cash 11,700 0
Cash reserved for users 341,290 469,653
Receivables reserved for users 301,770 160,083
Accounts receivable 47,539 51,097
Prepaid expenses and other current assets 98,565 94,836
Total current assets 2,071,367 2,084,841
Noncurrent assets:    
Property and equipment, net 60,695 60,102
Intangible assets, net 690,620 776,934
Goodwill 886,373 886,373
Operating lease right-of-use assets 93,985 65,957
Equity method investments 10,280 10,080
Deposits and other non-current assets 131,546 155,865
Total assets 3,944,866 4,040,152
Current liabilities:    
Accounts payable and accrued expenses 639,599 517,587
Liabilities to users 851,898 686,173
Operating lease liabilities, current portion 11,499 4,253
Other current liabilities 46,624 38,444
Total current liabilities 1,549,620 1,246,457
Noncurrent liabilities:    
Convertible notes, net of issuance costs 1,253,760 1,251,103
Non-current operating lease liabilities 80,827 69,332
Warrant liabilities 63,568 10,680
Long-term income tax liabilities 72,810 69,858
Other long-term liabilities 83,975 70,029
Total liabilities 3,104,560 2,717,459
Commitments and contingent liabilities (Notes 7 and 15)
Stockholders’ equity:    
Treasury stock, at cost; 11,901 and 8,690 shares as of December 31, 2023 and December 31, 2022, respectively (412,182) (332,133)
Additional paid-in capital 7,149,858 6,750,055
Accumulated deficit (5,933,943) (5,131,801)
Accumulated other comprehensive income 36,488 36,488
Total stockholders’ equity 840,306 1,322,693
Total liabilities and stockholders’ equity 3,944,866 4,040,152
Class A Common Stock    
Stockholders’ equity:    
Common stock 46 45
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 39 $ 39