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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 1,183,846 $ 1,247,581
Restricted cash 7,800 7,800
Marketable securities 440,858 452,875
Accounts receivable, net 15,569 13,187
Settlements receivable, net 18,028 11,266
Network incentives receivable 42,661 30,399
Prepaid expenses and other current assets 38,007 35,617
Total current assets 1,746,769 1,798,725
Property and equipment, net 7,440 9,687
Operating lease right-of-use assets, net 9,015 11,296
Equity method investment 0 8,384
Other assets 7,122 2,286
Total assets 1,770,346 1,830,378
Current liabilities:    
Accounts payable 3,798 2,693
Revenue share payable 142,194 121,179
Accrued expenses and other current liabilities 136,887 114,096
Total current liabilities 282,879 237,968
Operating lease liabilities, net of current portion 9,034 12,427
Other liabilities 5,477 6,557
Total liabilities 297,390 256,952
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 100,000,000 and 100,000,000 shares authorized, no shares issued and outstanding as of December 31, 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, 486,530,334 and 421,792,153 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively. 600,000,000 and 600,000,000 Class B shares authorized, 54,833,765 and 119,591,365 shares issued and outstanding as of December 31, 2022 and December 31, 2021, respectively 53 54
Additional paid-in capital 2,082,373 1,993,055
Accumulated other comprehensive loss (7,237) (2,230)
Accumulated deficit (602,233) (417,453)
Total stockholders’ equity 1,472,956 1,573,426
Total liabilities and stockholders’ equity $ 1,770,346 $ 1,830,378