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OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT) OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT)
Other Current Assets

The following table presents the detail of other current assets (in thousands):
  June 30, 2025December 31, 2024
Restricted cash (i)
$745,519 $902,478 
Processing costs receivable423,945 478,767 
Investments in short-term debt securities313,411 403,426 
Prepaid expenses255,652 129,343 
Accounts receivable, net158,976 148,898 
Inventory, net138,141 104,990 
Short-term deposits83,940 87,968 
Other376,926 324,198 
Total$2,496,510 $2,580,068 

(i) Includes a portion invested in money market funds. Refer to Note 5, Fair Value Measurements for further details.

Accrued Expenses and Other Current Liabilities

The following table presents the detail of accrued expenses and other current liabilities (in thousands):    
  June 30, 2025December 31, 2024
Accrued expenses$554,066 $725,339 
Customer deposits296,676 241,884 
Accounts payable118,816 117,963 
Accrued royalties64,823 57,605 
Accrued transaction losses (i)
54,382 58,580 
Operating lease liabilities, current51,982 52,880 
Other282,486 270,898 
Total$1,423,231 $1,525,149 

(i) The Company is exposed to potential credit losses related to transactions processed by sellers that are subsequently subject to chargebacks when the Company is unable to collect from the sellers primarily due to insolvency. Generally, the Company estimates the potential loss rates based on historical experience that is continuously adjusted for new information and incorporates, where applicable, reasonable and supportable forecasts about future expectations.
The following table summarizes the activities of the Company’s reserve for transaction losses (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Accrued transaction losses, beginning of the period$57,137 $60,016 $58,580 $54,042 
Provision for transaction losses32,071 49,731 61,479 80,550 
Charge-offs to accrued transaction losses(34,826)(28,438)(65,677)(53,283)
Accrued transaction losses, end of the period$54,382 $81,309 $54,382 $81,309 

In addition to amounts reflected in the table above, the Company recognized additional provisions for transaction losses that was realized and written-off within the same period. Such losses are primarily related to Cash App transactions, such as peer-to-peer transactions and negative balances, that are uncertain in nature. The Company recorded $62.0 million and $121.0 million for the three and six months ended June 30, 2025, respectively, for such losses. The Company recorded $84.4 million and $131.7 million for the three and six months ended June 30, 2024, respectively, for such losses.
OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT)
Other Non-Current Assets

The following table presents the detail of other non-current assets (in thousands):
  June 30, 2025December 31, 2024
Bitcoin investment (i)
$931,656 $792,282 
Property and equipment, net311,112 314,432 
Investment in non-marketable equity securities (ii)
246,558 245,557 
Operating lease right-of-use assets202,310 219,954 
Investments in long-term debt securities196,572 471,977 
Restricted cash75,013 69,915 
Other208,152 131,794 
Total$2,171,373 $2,245,911 

(i) Refer to Note 11, Bitcoin for further details.

(ii) Investment in non-marketable equity securities represents the Company's investments in equity of non-public entities. These investments are measured using the measurement alternative and are therefore carried at cost, less impairment, adjusted for observable price changes from orderly transactions for identical or similar investments of the same issuer. Adjustments are recorded within other expense (income), net on the condensed consolidated statements of operations.

The adjustments to the carrying value of the Company's non-marketable equity securities measured using the measurement alternative were as follows (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
Carrying amount, beginning of period$243,058 $209,504 $245,557 $205,268 
Net additions (reductions)3,500 — 1,001 4,000 
Gross unrealized gains— 3,811 — 4,145 
Gross unrealized losses and impairments— — — (98)
Carrying amount, end of period$246,558 $213,315 $246,558 $213,315 
The following table summarizes the cumulative net unrealized upward and downward adjustments related to the Company's non-marketable equity securities measured using the measurement alternative (in thousands):
  June 30, 2025December 31, 2024
Upward adjustments$155,329 $155,329 
Downward adjustments (including impairment)$(2,061)$(2,061)

Other Non-Current Liabilities

The following table presents the detail of other non-current liabilities (in thousands):
  June 30, 2025December 31, 2024
Operating lease liabilities, non-current$255,703 $278,617 
Deferred tax liabilities162,754 162,435 
Other121,917 152,164 
Total$540,374 $593,216