v3.24.2.u1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 815,880 $ 1,270,503
Restricted cash 12,844 11,700
Cash reserved for users 244,760 341,290
Receivables reserved for users 237,331 301,770
Accounts receivable 65,011 47,539
Prepaid expenses and other current assets 147,007 98,565
Total current assets 1,522,833 2,071,367
Property and equipment, net 57,425 60,695
Intangible assets, net 949,381 690,620
Goodwill 1,456,009 886,373
Operating lease right-of-use assets 89,516 93,985
Equity method investments 11,141 10,280
Deposits and other non-current assets 131,877 131,546
Total assets 4,218,182 3,944,866
Current liabilities:    
Accounts payable and accrued expenses 573,512 639,599
Liabilities to users 720,668 851,898
Operating lease liabilities, current portion 11,482 11,499
Other current liabilities 68,078 46,624
Total current liabilities 1,373,740 1,549,620
Convertible notes, net of issuance costs 1,255,086 1,253,760
Non-current operating lease liabilities 78,162 80,827
Warrant liabilities 25,477 63,568
Long-term income tax liabilities 71,639 72,810
Other long-term liabilities 115,649 83,975
Total liabilities 2,919,753 3,104,560
Commitments and contingent liabilities (Note 5 and 12)
Stockholders' equity:    
Treasury stock, at cost; 13,314 and 11,901 shares as of June 30, 2024 and December 31, 2023, respectively (470,094) (412,182)
Additional paid-in capital 7,744,638 7,149,858
Accumulated deficit (6,012,689) (5,933,943)
Accumulated other comprehensive income 36,488 36,488
Total stockholders’ equity 1,298,429 840,306
Total liabilities and stockholders’ equity 4,218,182 3,944,866
Class A Common Stock    
Stockholders' equity:    
Common stock 47 46
Class B Common Stock    
Stockholders' equity:    
Common stock $ 39 $ 39