v3.25.0.1
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 1,082 $ 1,492
Short-term investments 776 1,318
Accounts receivable, net 104 96
Mortgage loans held for sale 159 100
Prepaid expenses and other current assets 210 140
Restricted cash 3 3
Total current assets 2,334 3,149
Contract cost assets 25 23
Property and equipment, net 360 328
Right of use assets 59 73
Goodwill 2,823 2,817
Intangible assets, net 207 241
Other assets 21 21
Total assets 5,829 6,652
Current liabilities:    
Accounts payable 30 28
Accrued expenses and other current liabilities 105 107
Accrued compensation and benefits 57 47
Borrowings under credit facilities 145 93
Deferred revenue 62 52
Lease liabilities, current portion 14 37
Convertible senior notes, current portion 418 607
Total current liabilities 831 971
Lease liabilities, net of current portion 83 95
Convertible senior notes, net of current portion 0 1,000
Other long-term liabilities 67 60
Total liabilities 981 2,126
Commitments and contingencies (Note 15)
Shareholders’ equity:    
Preferred stock, $0.0001 par value; authorized — 30,000,000 shares; no shares issued and outstanding 0 0
Additional paid-in capital 6,733 6,301
Accumulated other comprehensive loss (3) (5)
Accumulated deficit (1,882) (1,770)
Total shareholders’ equity 4,848 4,526
Total liabilities and shareholders’ equity 5,829 6,652
Class A common stock    
Shareholders’ equity:    
Common stock/capital stock 0 0
Class B Common Stock    
Shareholders’ equity:    
Common stock/capital stock 0 0
Class C capital stock    
Shareholders’ equity:    
Common stock/capital stock $ 0 $ 0