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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenue:        
Revenue $ 3,844,727 $ 3,033,874 $ 13,582,669 $ 6,338,608
Cost of revenue:        
Total cost of revenue 2,711,512 2,239,419 10,344,889 4,408,889
Gross profit 1,133,215 794,455 3,237,780 1,929,719
Operating expenses:        
Product development 366,587 227,550 1,003,238 631,156
Sales and marketing 407,850 348,463 1,132,411 781,094
General and administrative 267,476 153,902 684,405 419,783
Transaction and loan losses 62,306 15,198 130,874 161,684
Bitcoin impairment losses 6,000 0 71,126 0
Total operating expenses 1,110,219 745,113 3,022,054 1,993,717
Operating income (loss) 22,996 49,342 215,726 (63,998)
Interest expense, net 13,409 14,980 20,126 38,955
Other expense (income), net 12,011 (784) (36,249) (20,513)
Income (loss) before income tax (2,424) 35,146 231,849 (82,440)
Provision (benefit) for income taxes 452 (1,369) (7,961) (1,586)
Net income (loss) (2,876) 36,515 239,810 (80,854)
Net income (loss) attributable to noncontrolling interests (2,960) 0 (3,303) 0
Net income (loss) attributable to common stockholders $ 84 $ 36,515 $ 243,113 $ (80,854)
Net income (loss) per share attributable to common stockholders:        
Basic (in USD per share) $ 0.00 $ 0.08 $ 0.53 $ (0.18)
Diluted (in USD per share) $ 0.00 $ 0.07 $ 0.48 $ (0.18)
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders:        
Basic (in shares) 460,654 444,458 457,039 439,855
Diluted (in shares) 504,120 488,069 520,204 439,855
Transaction-based revenue        
Revenue:        
Revenue $ 1,297,040 $ 925,294 $ 3,484,245 $ 2,365,967
Cost of revenue:        
Cost of revenue 754,276 524,056 1,965,894 1,379,658
Subscription and services-based revenue        
Revenue:        
Revenue 694,770 447,522 1,937,629 1,090,032
Cost of revenue:        
Cost of revenue 132,046 68,528 346,144 161,801
Hardware revenue        
Revenue:        
Revenue 37,255 27,294 109,769 67,291
Cost of revenue:        
Cost of revenue 51,150 45,220 153,035 108,348
Bitcoin revenue        
Revenue:        
Revenue 1,815,662 1,633,764 8,051,026 2,815,318
Cost of revenue:        
Cost of revenue $ 1,774,040 $ 1,601,615 $ 7,879,816 $ 2,759,082