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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 8,075,247 $ 4,996,465
Investments in short-term debt securities 403,426 851,901
Settlements receivable 1,060,966 3,226,294
Customer funds 4,182,872 3,170,430
Loans held for sale 1,111,107 775,424
Other current assets 2,541,704 2,353,488
Total current assets 19,880,201 17,818,697
Property and equipment, net 314,432 296,056
Goodwill 11,417,422 11,919,720
Acquired intangible assets, net 1,433,067 1,761,521
Investments in long-term debt securities 471,977 251,127
Operating lease right-of-use assets 219,954 244,701
Deferred tax assets (Note 15) 1,800,994 9,397
Other non-current assets 1,239,548 730,089
Total assets 36,777,595 33,031,308
Current liabilities:    
Customers payable 5,837,152 6,795,340
Accrued expenses and other current liabilities 1,525,149 1,334,669
Current portion of long-term debt (Note 14) 999,497 0
Warehouse funding facilities, current 185,000 753,035
Total current liabilities 8,546,798 8,883,044
Deferred tax liabilities 162,435 35,695
Warehouse funding facilities, non-current 1,296,680 854,882
Long-term debt (Note 14) 5,105,939 4,120,091
Operating lease liabilities, non-current 278,617 289,788
Other non-current liabilities 152,164 154,972
Total liabilities 15,542,633 14,338,472
Commitments and contingencies (Note 19)
Stockholders’ equity:    
Preferred stock, $0.0000001 par value: 100,000 shares authorized at December 31, 2024 and December 31, 2023. None issued and outstanding at December 31, 2024 and December 31, 2023. 0 0
Additional paid-in capital 19,900,379 19,601,992
Accumulated other comprehensive loss (1,001,065) (378,307)
Retained earnings (accumulated deficit) 2,368,618 (528,429)
Total stockholders’ equity attributable to common stockholders 21,267,932 18,695,256
Noncontrolling interests (32,970) (2,420)
Total stockholders’ equity 21,234,962 18,692,836
Total liabilities and stockholders’ equity 36,777,595 33,031,308
Consumer    
Current assets:    
Consumer receivables, net 2,504,879 2,444,695
Loans held for sale 652,489 274,630
Class A    
Stockholders’ equity:    
Common stock 0 0
Class B    
Stockholders’ equity:    
Common stock $ 0 $ 0