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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 1,260,220 $ 220,433
Restricted cash 7,800 7,800
Marketable securities 408,954 149,903
Accounts receivable, net 7,338 8,420
Settlements receivable, net 15,451 12,867
Network incentives receivable 40,024 20,022
Prepaid expenses and other current assets 19,859 11,461
Total current assets 1,759,646 430,906
Property and equipment, net 10,191 9,477
Operating lease right-of-use assets, net 11,832 13,411
Other assets 1,473 3,886
Total assets 1,783,142 457,680
Current liabilities:    
Accounts payable 2,717 2,362
Revenue share payable 88,183 78,191
Accrued expenses and other current liabilities 97,606 60,545
Total current liabilities 188,506 141,098
Redeemable convertible preferred stock warrant liabilities 0 2,517
Operating lease liabilities, net of current portion 13,218 15,449
Other liabilities 8,078 10,452
Total liabilities 209,802 169,516
Commitments and contingencies (Note 7)
Redeemable convertible preferred stock, $0.0001 par value; zero and 352,047,950 shares authorized; zero and 351,844,340 shares issued and outstanding; aggregate liquidation preference of zero and $552,868 as of September 30, 2021 and December 31, 2020, respectively 0 501,881
Stockholders’ equity (deficit):    
Preferred stock, $0.0001 par value; 100,000,000 and zero shares authorized, no shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 0 0
Common stock, $0.0001 par value: 1,500,000,000 and zero Class A shares authorized, 126,231,304 and zero shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively. 600,000,000 and 545,000,000 Class B shares authorized, 413,545,721 and 130,312,838 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 54 13
Additional paid-in capital 1,954,315 39,769
Accumulated other comprehensive income (loss) (383) 25
Accumulated deficit (380,646) (253,524)
Total stockholders’ equity (deficit) 1,573,340 (213,717)
Total liabilities, redeemable convertible preferred stock and stockholders’ equity (deficit) $ 1,783,142 $ 457,680