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Accounts Receivable, Net (Tables) | 9 Months Ended
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Sep. 30, 2025
Receivables [Abstract] |
Schedule of Accounts Receivable, Net of Allowance | Accounts receivable, net of allowance consisted of the following (in thousands):
| September 30, 2025 |  | December 31, 2024
Credit card receivables(1)(2) | $ | 82,709 |  |  | $ | 65,821 |
Retail receivables | 10,024 |  |  | 4,402 |
Custodial fees receivable | 2,364 |  |  | 1,608 |
Staking fees receivable | 1,213 |  |  | 936 |
Other fees receivable | 3,602 |  |  | 2,869 |
Allowance for transaction losses | (15,697) |  |  | (10,268) |
Total accounts receivable, net of allowance | $ | 84,215 |  |  | $ | 65,368 |
__________________ |  |  |
(1) Credit card receivables includes $1.5 million and $1.8 million of in-transit receivables as of September 30, 2025 and December 31, 2024, respectively. (2) Includes $0.4 million and $0.3 million of accrued interest receivable, net as of September 30, 2025 and December 31, 2024, respectively.
Schedule of Allowance for Transaction Losses | Allowance for transaction losses consisted of the following for the three and nine months ended September 30, 2025 (in thousands):
Three Months Ended September 30, 2025 | Credit card receivables | Retail receivables |  | Staking fees receivable | Other fees receivable | Total(1)
Beginning balance | $ | 6,969 |  | $ | 5,139 |  |  | $ | — |  | $ | 196 |  | $ | 12,304 |
Provision for losses | 2,843 |  | 3,263 |  |  | 189 |  | 1,398 |  | 7,693 |
Write-offs(1) | (1,141) |  | (1,376) |  |  | (189) |  | (1,594) |  | (4,300) |
Ending balance | $ | 8,671 |  | $ | 7,026 |  |  | $ | — |  | $ | — |  | $ | 15,697 |
Nine Months Ended September 30, 2025 | Credit card receivables | Retail receivables |  | Staking fees receivable | Other fees receivable | Total(1)
Beginning balance | $ | 6,563 |  | $ | 3,780 |  |  | $ | — |  | $ | (75) |  | $ | 10,268 |
Provision for losses | 7,073 |  | 6,151 |  |  | 354 |  | 1,798 |  | 15,376 |
Write-offs(1) | (4,965) |  | (2,905) |  |  | (354) |  | (1,723) |  | (9,947) |
Ending balance | $ | 8,671 |  | $ | 7,026 |  |  | $ | — |  | $ | — |  | $ | 15,697 |
__________________ |  |  |  |  |  |
(1) Credit card receivable write-offs include $0.1 million and $0.4 million related to accrued interest receivable for the three and nine months ended September 30, 2025, respectively.
Allowance for transaction losses consisted of the following for the three and nine months ended September 30, 2024 (in thousands):
Three Months Ended September 30, 2024 | Credit card receivables | Retail receivables |  |  | Other fees receivable | Total(1)
Beginning balance | $ | 6,102 |  | $ | 6,532 |  |  |  | $ | (33) |  | $ | 12,601 |
Provision for losses | 3,422 |  | 1,244 |  |  |  | 61 |  | 4,727 |
Write-offs(1) | (3,365) |  | (3,411) |  |  |  | 49 |  | (6,727) |
Ending balance | $ | 6,159 |  | $ | 4,365 |  |  |  | $ | 77 |  | $ | 10,601 |
Nine Months Ended September 30, 2024 | Credit card receivables | Retail receivables |  |  | Other fees receivable | Total(1)
Beginning balance | $ | 4,251 |  | $ | 15,988 |  |  |  | $ | 34 |  | $ | 20,273 |
Provision for losses | 10,261 |  | 6,093 |  |  |  | 250 |  | 16,604 |
Write-offs(1) | (8,353) |  | (17,716) |  |  |  | (207) |  | (26,276) |
Ending balance | $ | 6,159 |  | $ | 4,365 |  |  |  | $ | 77 |  | $ | 10,601 |
__________________ |  |  |  |  |  |
(1) Credit card receivable write-offs include $0.1 million and $0.4 million related to accrued interest receivable for the three and nine months ended September 30, 2024, respectively.

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(4)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 210 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 + Details
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