XML 65 R46.htm IDEA: XBRL DOCUMENT v3.25.4
OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) (Tables)
12 Months Ended
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Current Assets
The following table presents the detail of other current assets (in thousands):
December 31,
2025
December 31,
2024
Restricted cash (i)
$1,071,574 $902,478 
Loans held for sale (ii)
782,966 1,111,107 
Processing costs receivable448,406 478,767 
Prepaid expenses288,707 129,343 
Accounts receivable, net238,207 148,898 
Inventory, net158,319 104,990 
Short term deposits110,236 87,968 
Other491,510 324,198 
Total$3,589,925 $3,287,749 

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

(ii) Refer to Note 7, Customer Loans for further details.
Schedule of Inventory, Net
The following table presents the detail of inventory, net (in thousands):
December 31,
2025
December 31,
2024
Raw materials
$16,054 $16,168 
Work in process
46,791 3,784 
Finished goods
95,474 85,038 
Total inventory, net
$158,319 $104,990 
Schedule of Accrued Expenses and Other Current Liabilities
The following table presents the detail of accrued expenses and other current liabilities (in thousands):
December 31,
2025
December 31,
2024
Accrued expenses$669,052 $725,339 
Customer deposits297,432 241,884 
Accounts payable114,572 117,963 
Operating lease liabilities, current55,349 52,880 
Accrued royalties51,596 57,605 
Accrued transaction losses (i)
49,250 58,580 
Other301,642 270,898 
Total$1,538,893 $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.
Schedule of Reserve for Transaction Losses
The following table summarizes the activities of the Company’s reserve for transaction losses (in thousands):
Year Ended December 31,
20252024
Accrued transaction losses, beginning of the period$58,580 $54,042 
Provision for transaction losses114,173 111,163 
Charge-offs to accrued transaction losses(123,503)(106,625)
Accrued transaction losses, end of the period$49,250 $58,580