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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues:        
Total revenues $ 122,073 $ 125,351 $ 241,350 $ 248,253
Cost of revenues:        
Total cost of revenues 25,204 23,038 50,881 45,587
Gross profit 96,869 102,313 190,469 202,666
Operating expenses:        
Sales and marketing 36,862 40,321 70,102 78,519
Research and development 31,790 28,548 65,313 58,031
General and administrative 28,502 22,917 55,208 44,646
Digital asset impairment losses 917,838 424,774 1,087,929 618,869
Total operating expenses 1,014,992 516,560 1,278,552 800,065
Loss from operations (918,123) (414,247) (1,088,083) (597,399)
Interest expense, net (13,187) (4,401) (24,226) (6,797)
Other income (expense), net 5,120 (897) 7,345 367
Loss before income taxes (926,190) (419,545) (1,104,964) (603,829)
Provision for (benefit from) income taxes 136,108 (120,198) 88,085 (194,462)
Net loss $ (1,062,298) $ (299,347) $ (1,193,049) $ (409,367)
Basic loss per share [1] $ (94.01) $ (30.71) $ (105.64) $ (42.22)
Weighted average shares outstanding used in computing basic loss per share 11,300 9,746 11,294 9,697
Diluted loss per share [1] $ (94.01) $ (30.71) $ (105.64) $ (42.22)
Weighted average shares outstanding used in computing diluted loss per share 11,300 9,746 11,294 9,697
Total product licenses and subscription services        
Revenues:        
Total revenues $ 34,146 $ 32,493 $ 63,504 $ 63,799
Cost of revenues:        
Total cost of revenues 5,929 4,229 11,816 8,345
Product licenses        
Revenues:        
Total revenues 20,129 22,151 36,642 43,431
Cost of revenues:        
Total cost of revenues 431 419 908 907
Subscription services        
Revenues:        
Total revenues 14,017 10,342 26,862 20,368
Cost of revenues:        
Total cost of revenues 5,498 3,810 10,908 7,438
Product support        
Revenues:        
Total revenues 66,521 71,027 133,672 141,676
Cost of revenues:        
Total cost of revenues 5,127 4,862 10,318 9,674
Other services        
Revenues:        
Total revenues 21,406 21,831 44,174 42,778
Cost of revenues:        
Total cost of revenues $ 14,148 $ 13,947 $ 28,747 $ 27,568
[1] Basic and fully diluted loss per share for class A and class B common stock are the same.