XML 18 R2.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 970,357 $ 980,972
Restricted cash 8,500 8,500
Short-term investments 228,324 268,724
Accounts receivable, net 23,422 19,540
Settlements receivable, net 36,511 29,922
Network incentives receivable 54,223 53,807
Prepaid expenses and other current assets 26,830 27,233
Total current assets 1,348,167 1,388,698
Operating lease right-of-use assets, net 5,814 6,488
Property and equipment, net 28,138 18,764
Intangible assets, net 34,167 35,631
Goodwill 123,523 123,523
Other assets 18,552 16,587
Total assets 1,558,361 1,589,691
Current liabilities:    
Accounts payable 916 1,420
Revenue share payable 189,864 173,645
Accrued expenses and other current liabilities 147,802 161,514
Total current liabilities 338,582 336,579
Operating lease liabilities, net of current portion 4,080 5,126
Other liabilities 5,034 4,591
Total liabilities 347,696 346,296
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 100,000,000 and 100,000,000 shares authorized, no shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 0 0
Common stock, $0.0001 par value: 1,500,000,000 and 1,500,000,000 Class A shares authorized, 463,779,567 and 465,985,131 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively. 600,000,000 and 600,000,000 Class B shares authorized, 54,229,499 and 54,357,844 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 52 52
Additional paid-in capital 2,072,692 2,067,776
Accumulated other comprehensive income (824) 762
Accumulated deficit (861,255) (825,195)
Total stockholders’ equity 1,210,665 1,243,395
Total liabilities and stockholders’ equity $ 1,558,361 $ 1,589,691