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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 675,817 $ 634,378
Funds receivable 26,525 18,197
Accounts receivable, net 2,009 1,110
Creator signing fees, net 929 1,184
Creator advances, net 825 862
Prepaid expenses and other current assets 9,425 17,877
Total current assets 715,530 673,608
Restricted cash 1,344 1,781
Creator signing fees, noncurrent 1,253 2,225
Property and equipment, net 6,975 7,162
Operating lease right-of-use assets 6,175 10,940
Goodwill 174,388 174,388
Acquired intangible assets, net 24,189 31,116
Other assets 1,784 1,756
Total assets 931,638 902,976
Current liabilities    
Accounts payable, creators 354,941 285,222
Accounts payable, trade 723 1,083
Chargebacks and refunds reserve 20,397 21,395
Accrued compensation and benefits 11,297 10,910
Accrued taxes 9,697 11,068
Operating lease liabilities 3,473 4,149
Other accrued liabilities 13,549 24,139
Total current liabilities 414,077 357,966
Accrued taxes, noncurrent 8,689 12,868
Operating lease liabilities, noncurrent 3,689 8,677
Long-term debt 355,067 353,564
Other liabilities 0 1
Total liabilities 781,522 733,076
Commitments and contingencies (Note 15)
Stockholders’ equity    
Preferred stock, $0.00001 par value; 100,000,000 shares authorized, no shares issued or outstanding as of September 30, 2022 and December 31, 2021 0 0
Common stock, $0.00001 par value; 1,100,000,000 shares authorized; 98,679,389 shares issued and outstanding as of September 30, 2022; 97,246,465 shares issued and outstanding as of December 31, 2021 1 1
Additional paid-in capital 943,083 903,470
Accumulated deficit (792,968) (733,571)
Total stockholders’ equity 150,116 169,900
Total liabilities and stockholders’ equity $ 931,638 $ 902,976