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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 5,006,584 $ 7,123,478
Restricted cash 23,113 30,951
Customer custodial cash 6,591,105 10,526,233
Customer crypto assets [1] 95,113,124 0
USDC 368,121 100,096
Accounts and loans receivable, net of allowance 240,354 396,025
Income tax receivable 60,522 61,231
Prepaid expenses and other current assets 277,044 135,849
Total current assets 107,679,967 18,373,863
Crypto assets held 623,073 988,193
Lease right-of-use assets 76,465 98,385
Property and equipment, net 170,922 59,230
Goodwill 1,073,906 625,758
Intangible assets, net 161,669 176,689
Other non-current assets 1,382,361 952,307
Total assets 111,168,363 21,274,425
Current liabilities:    
Customer custodial cash liabilities 6,357,657 10,480,612
Customer crypto liabilities [2] 95,113,124 0
Accounts payable 61,514 39,833
Accrued expenses and other current liabilities 298,101 439,559
Crypto asset borrowings 209,678 426,665
Lease liabilities, current 33,025 32,366
Total current liabilities 102,073,099 11,419,035
Lease liabilities, non-current 50,167 74,078
Long-term debt 3,391,237 3,384,795
Other non-current liabilities 27,545 14,828
Total liabilities 105,542,048 14,892,736
Commitments and contingencies (Note 18)
Stockholders’ equity:    
Additional paid-in capital 3,380,330 2,034,658
Accumulated other comprehensive loss (36,493) (3,395)
Retained earnings 2,282,476 4,350,424
Total stockholders’ equity 5,626,315 6,381,689
Total liabilities, convertible preferred stock and stockholders’ equity 111,168,363 21,274,425
Class A common stock    
Stockholders’ equity:    
Common stock 2 2
Class B common stock    
Stockholders’ equity:    
Common stock $ 0 $ 0
[1] Safeguarding assets
[2] Safeguarding liabilities