v3.24.1.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,192,662 $ 1,270,503
Restricted cash 12,454 11,700
Cash reserved for users 278,141 341,290
Receivables reserved for users 265,961 301,770
Accounts receivable 53,321 47,539
Prepaid expenses and other current assets 135,434 98,565
Total current assets 1,937,973 2,071,367
Property and equipment, net 59,797 60,695
Intangible assets, net 682,350 690,620
Goodwill 886,373 886,373
Operating lease right-of-use assets 90,554 93,985
Equity method investments 11,380 10,280
Deposits and other non-current assets 132,226 131,546
Total assets 3,800,653 3,944,866
Current liabilities:    
Accounts payable and accrued expenses 605,880 639,599
Liabilities to users 770,535 851,898
Operating lease liabilities, current portion 11,274 11,499
Other current liabilities 53,921 46,624
Total current liabilities 1,441,610 1,549,620
Convertible notes, net of issuance costs 1,254,408 1,253,760
Non-current operating lease liabilities 78,930 80,827
Warrant liabilities 35,485 63,568
Long-term income tax liability 71,283 72,810
Other long-term liabilities 87,958 83,975
Total liabilities 2,969,674 3,104,560
Commitments and contingent liabilities (Note 11)
Stockholders' equity:    
Treasury stock, at cost; 12,683 and 11,901 shares as of March 31, 2024 and December 31, 2023, respectively (445,681) (412,182)
Additional paid-in capital 7,316,598 7,149,858
Accumulated deficit (6,076,511) (5,933,943)
Accumulated other comprehensive income 36,488 36,488
Total stockholders’ equity 830,979 840,306
Total liabilities and stockholders’ equity 3,800,653 3,944,866
Class A Common Stock    
Stockholders' equity:    
Common stock 46 46
Class B Common Stock    
Stockholders' equity:    
Common stock $ 39 $ 39