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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
Current assets    
Cash and cash equivalents $ 518,446 $ 539,299
Funds receivable 26,000 43,525
Short-Term Investments 180,455 84,224
Accounts receivable, net 2,598 2,266
Creator signing fees, net 792 645
Creator advances, net 584 721
Prepaid expenses and other current assets 12,714 12,479
Total current assets 741,589 683,159
Restricted cash 882 875
Creator signing fees, noncurrent 1,156 1,103
Property and equipment, net 6,960 6,348
Operating lease right-of-use assets 3,351 5,179
Goodwill 174,388 174,388
Acquired intangible assets, net 19,677 21,907
Other assets 2,422 2,420
Total assets 950,425 895,379
Current liabilities    
Accounts payable, creators 367,986 309,313
Accounts payable, trade 851 1,032
Chargebacks and refunds reserve 13,232 13,136
Accrued compensation and benefits 11,777 11,635
Accrued taxes 8,718 12,515
Operating lease liabilities 2,195 2,810
Other accrued liabilities 13,385 10,538
Total current liabilities 418,144 360,979
Accrued taxes, noncurrent 8,279 8,820
Operating lease liabilities, noncurrent 2,949 3,345
Long-term debt 356,078 355,580
Other liabilities 100 100
Total liabilities 785,550 728,824
Commitments and contingencies (Note 17)
Stockholders’ equity    
Preferred stock, $0.00001 par value; 100,000,000 shares authorized, no shares issued or outstanding as of March 31, 2023 and December 31, 2022 0 0
Common stock, $0.00001 par value; 1,100,000,000 shares authorized; 99,614,800 shares issued and outstanding as of March 31, 2023; 99,169,432 shares issued and outstanding as of December 31, 2022 1 1
Additional paid-in capital 966,515 955,509
Accumulated deficit (801,641) (788,955)
Total stockholders’ equity 164,875 166,555
Total liabilities and stockholders’ equity $ 950,425 $ 895,379