v3.25.2
Other expense (income), net
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Other Nonoperating Income (Expense) [Abstract]    
Other expense (income), net
12.
Other expense (income), net
The following table presents our major categories of
Other (expense) income, net
(in thousands):
 
Table 12.1. Other (expense) income, net
  
 
 
  
 
 
  
 
 
  
 
 
 
  
Three months ended
June 30,
 
  
Six months ended June 30,
 
 
  
2025
 
  
2024
 
  
2025
 
  
2024
 
Gains (losses) on digital assets and other investments, net
  
$
5,233
 
  
$
(1,478
) 
  
$
(3,030
) 
  
$
2,888
 
Interest income on corporate balances
  
 
9,952
 
  
 
8,460
 
  
 
17,917
 
  
 
16,813
 
Changes in fair value of convertible debt, warrant liability, and embedded derivatives
  
 
(167,724
) 
  
 
(4,586
) 
  
 
(170,106
) 
  
 
3,509
 
Interest expense and amortization of discount
  
 
(344
) 
  
 
(504
) 
  
 
(679
) 
  
 
(1,001
) 
Other, net
  
 
(7,538
) 
  
 
29
 
  
 
(7,626
) 
  
 
269
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
Total Other (expense) income, net
  
$
(160,421
) 
  
$
1,921
 
  
$
(163,524
) 
  
$
22,478
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
13. Other income (expense), net
The following table presents our major categories of
Other income (expense), net
(in thousands):
Table 13. Other income (expense), net
 
 
  
Year ended December 31,
 
 
  
2024
 
  
2023
 
  
2022
 
Interest income on corporate balances
  
$
34,712
 
  
$
29,262
 
  
$
8,645
 
Changes in fair value of convertible debt, warrant liability, and embedded derivatives
  
 
11,653
 
  
 
24,865
 
  
 
(698,936
) 
Gains (losses) on digital assets and other investments, net
  
 
8,560
 
  
 
(3,648
) 
  
 
(29,367
) 
Interest expense and amortization of discount
  
 
(1,906
) 
  
 
(1,912
) 
  
 
(2,684
) 
Other, net
  
 
1,397
 
  
 
854
 
  
 
1,949
 
  
 
 
 
  
 
 
 
  
 
 
 
Total Other income (expense), net
  
$
54,416
 
  
$
49,421
 
  
$
(720,393
)