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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 874 $ 1,082
Short-term investments 515 776
Accounts receivable, net 157 104
Mortgage loans held for sale 291 159
Prepaid expenses and other current assets 277 210
Restricted cash 5 3
Total current assets 2,119 2,334
Contract cost assets 27 25
Property and equipment, net 371 360
Right of use assets 58 59
Goodwill 2,823 2,823
Intangible assets, net 273 207
Other assets 27 21
Total assets 5,698 5,829
Current liabilities:    
Accounts payable 38 30
Accrued expenses and other current liabilities 133 105
Accrued compensation and benefits 59 57
Borrowings under credit facilities 272 145
Deferred revenue 69 62
Lease liabilities, current portion 13 14
Convertible senior notes 0 418
Total current liabilities 584 831
Lease liabilities, net of current portion 82 83
Other long-term liabilities 40 67
Total liabilities 706 981
Commitments and contingencies (Note 11)
Shareholders’ equity:    
Preferred stock, $0.0001 par value; authorized — 30,000,000 shares; no shares issued and outstanding 0 0
Additional paid-in capital 6,852 6,733
Accumulated other comprehensive income (loss) 2 (3)
Accumulated deficit (1,862) (1,882)
Total shareholders’ equity 4,992 4,848
Total liabilities and shareholders’ equity 5,698 5,829
Class A common stock    
Shareholders’ equity:    
Common stock/capital stock 0 0
Class B common Stock    
Shareholders’ equity:    
Common stock/capital stock 0 0
Class C capital stock    
Shareholders’ equity:    
Common stock/capital stock $ 0 $ 0