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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,220,273 $ 1,247,581
Restricted cash 7,800 7,800
Marketable securities 444,873 452,875
Accounts receivable, net 8,109 13,187
Settlements receivable, net 10,433 11,266
Network incentives receivable 13,266 30,399
Prepaid expenses and other current assets 38,642 35,617
Total current assets 1,743,396 1,798,725
Property and equipment, net 8,643 9,687
Operating lease right-of-use assets, net 10,185 11,296
Equity method investment 7,875 8,384
Other assets 6,831 2,286
Total assets 1,776,930 1,830,378
Current liabilities:    
Accounts payable 901 2,693
Revenue share payable 117,087 121,179
Accrued expenses and other current liabilities 110,517 114,096
Total current liabilities 228,505 237,968
Operating lease liabilities, net of current portion 10,786 12,427
Other liabilities 3,082 6,557
Total liabilities 242,373 256,952
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 100,000,000 and 100,000,000 shares authorized, no shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 0 0
Common stock, $0.0001 par value: 1,500,000,000 and 1,500,000,000 Class A shares authorized, 442,733,727 and 421,792,153 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively. 600,000,000 and 600,000,000 Class B shares authorized, 103,200,003 and 119,591,365 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 54 54
Additional paid-in capital 2,067,435 1,993,055
Accumulated other comprehensive loss (10,193) (2,230)
Accumulated deficit (522,739) (417,453)
Total stockholders’ equity 1,534,557 1,573,426
Total liabilities and stockholders’ equity $ 1,776,930 $ 1,830,378