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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 8,299,804 $ 4,996,465
Investments in short-term debt securities 504,986 851,901
Settlements receivable 1,508,491 3,226,294
Customer funds 3,933,785 3,170,430
Loans held for sale 1,008,312 775,424
Safeguarding asset related to bitcoin held for other parties 1,412,948 1,038,585
Other current assets 2,015,702 2,353,488
Total current assets 20,774,912 18,857,282
Goodwill 12,048,108 11,919,720
Acquired intangible assets, net 1,607,936 1,761,521
Other non-current assets 1,924,479 1,531,370
Total assets 36,355,435 34,069,893
Current liabilities:    
Customers payable 6,156,306 6,795,340
Accrued expenses and other current liabilities 1,333,845 1,334,669
Current portion of long-term debt (Note 12) 998,727 0
Warehouse funding facilities, current 138,136 753,035
Safeguarding obligation liability related to bitcoin held for other parties 1,412,948 1,038,585
Total current liabilities 10,039,962 9,921,629
Warehouse funding facilities, non-current 827,629 854,882
Long-term debt (Note 12) 5,103,462 4,120,091
Other non-current liabilities 475,087 480,455
Total liabilities 16,446,140 15,377,057
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Preferred stock, $0.0000001 par value: 100,000 shares authorized at September 30, 2024 and December 31, 2023. None issued and outstanding at September 30, 2024 and December 31, 2023. 0 0
Additional paid-in capital 19,688,228 19,601,992
Accumulated other comprehensive loss (189,912) (378,307)
Retained earnings (accumulated deficit) 422,598 (528,429)
Total stockholders’ equity attributable to common stockholders 19,920,914 18,695,256
Noncontrolling interests (11,619) (2,420)
Total stockholders’ equity 19,909,295 18,692,836
Total liabilities and stockholders’ equity 36,355,435 34,069,893
Consumer    
Current assets:    
Consumer receivables, net 2,090,884 2,444,695
Loans held for sale 549,823 274,630
Class A    
Stockholders’ equity:    
Common stock 0 0
Class B    
Stockholders’ equity:    
Common stock $ 0 $ 0