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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 8,335,934 $ 8,075,247
Settlements receivable 1,222,342 1,060,966
Customer funds 4,803,716 4,182,872
Loans held for sale 778,039 1,111,107
Loans held for investment, less allowance for credit losses of $216.3 million and $23.1 million, respectively 2,203,273 365,062
Other current assets 2,648,295 2,580,068
Total current assets 22,067,725 19,880,201
Goodwill 11,807,858 11,417,422
Acquired intangible assets, net 1,326,091 1,433,067
Deferred tax assets 1,542,364 1,800,994
Other non-current assets 2,438,785 2,245,911
Total assets 39,182,823 36,777,595
Current liabilities:    
Customers payable 6,799,672 5,837,152
Accrued expenses and other current liabilities 1,578,830 1,525,149
Current portion of long-term debt (Note 12) 1,572,118 999,497
Warehouse funding facilities, current 157,370 185,000
Total current liabilities 10,107,990 8,546,798
Warehouse funding facilities, non-current 343,629 1,296,680
Long-term debt (Note 12) 5,713,382 5,105,939
Other non-current liabilities 544,614 593,216
Total liabilities 16,709,615 15,542,633
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Preferred stock, $0.0000001 par value: 100,000 shares authorized at September 30, 2025 and December 31, 2024. None issued and outstanding at September 30, 2025 and December 31, 2024. 0 0
Additional paid-in capital 19,364,651 19,900,379
Accumulated other comprehensive loss (415,745) (1,001,065)
Retained earnings 3,558,492 2,368,618
Total stockholders’ equity attributable to common stockholders 22,507,398 21,267,932
Noncontrolling interests (34,190) (32,970)
Total stockholders’ equity 22,473,208 21,234,962
Total liabilities and stockholders’ equity 39,182,823 36,777,595
Class A    
Stockholders’ equity:    
Common stock 0 0
Class B    
Stockholders’ equity:    
Common stock 0 0
Consumer    
Current assets:    
Consumer receivables, net 2,076,126 2,504,879
Loans held for sale 109,320 $ 652,489
Loans held for investment, less allowance for credit losses of $216.3 million and $23.1 million, respectively $ 1,706,343