v3.24.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 877,822 $ 1,270,503
Restricted cash 13,807 11,700
Cash reserved for users 264,886 341,290
Receivables reserved for users 341,817 301,770
Accounts receivable 64,358 47,539
Prepaid expenses and other current assets 81,207 98,565
Total current assets 1,643,897 2,071,367
Property and equipment, net 52,924 60,695
Intangible assets, net 891,910 690,620
Goodwill 1,456,009 886,373
Operating lease right-of-use assets 83,292 93,985
Equity method investments 12,598 10,280
Deposits and other non-current assets 132,346 131,546
Total assets 4,272,976 3,944,866
Current liabilities:    
Accounts payable and accrued expenses 700,720 639,599
Liabilities to users 930,614 851,898
Operating lease liabilities, current portion 11,277 11,499
Other current liabilities 4,124 46,624
Total current liabilities 1,646,735 1,549,620
Convertible notes, net of issuance costs 1,255,757 1,253,760
Non-current operating lease liabilities 75,762 80,827
Warrant liabilities 25,439 63,568
Long-term income tax liabilities 73,835 72,810
Other long-term liabilities 119,332 83,975
Total liabilities 3,196,860 3,104,560
Commitments and contingent liabilities (Note 5 and 12)
Stockholders’ equity:    
Treasury stock, at cost; 13,912 and 11,901 shares as of September 30, 2024 and December 31, 2023, respectively (490,352) (412,182)
Additional paid-in capital 7,836,271 7,149,858
Accumulated deficit (6,306,377) (5,933,943)
Accumulated other comprehensive income 36,488 36,488
Total stockholders’ equity 1,076,116 840,306
Total liabilities and stockholders’ equity 4,272,976 3,944,866
Class A Common Stock    
Stockholders’ equity:    
Common stock 47 46
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 39 $ 39