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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net loss $ (83) $ (81)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 11 6
Stock-based compensation expense 66 63
Amortization of deferred contract acquisition costs 19 14
Change in fair value of warrant liability 36 (3)
Credit loss expense 15 13
Other non-cash items (2) (1)
Changes in operating assets and liabilities:    
Accounts receivable, net (22) (20)
Other current assets (19) (6)
Deferred contract acquisition costs (30) (24)
Inventories, net (2) (1)
Accounts payable 16 6
Accrued expenses and other current liabilities (37) (20)
Deferred revenue 11 3
Other assets and liabilities 1 (4)
Net cash used in operating activities (20) (55)
Cash flows from investing activities:    
Cash paid for acquisition, net of cash acquired 0 (9)
Capital expenditures (13) (10)
Purchases of marketable securities (145) (176)
Proceeds from the sale of marketable securities 18 7
Maturities of marketable securities 111 147
Other investing activities 0 (1)
Net cash used in investing activities (29) (42)
Cash flows from financing activities:    
Change in customer funds obligations, net 49 37
Proceeds from issuance of common stock 28 11
Repurchases of Class A common stock (4) 0
Net cash provided by financing activities 73 48
Net increase (decrease) in cash, cash equivalents, cash held on behalf of customers and restricted cash 24 (49)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 0 0
Cash, cash equivalents, cash held on behalf of customers and restricted cash at beginning of period 747 635
Cash, cash equivalents, cash held on behalf of customers and restricted cash at end of period 771 586
Reconciliation of cash, cash equivalents, cash held on behalf of customers and restricted cash    
Cash and cash equivalents 578 451
Cash held on behalf of customers 136 99
Restricted cash 57 36
Total cash, cash equivalents, cash held on behalf of customers and restricted cash $ 771 $ 586