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Segment Information - Schedule of Software Business Segment and Corporate & Other Category on a Consolidated Basis (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Segment Reporting Information [Line Items]          
Total revenues $ 111,066       $ 115,246
Sales and marketing (27,532)       (33,451)
Impairment losses on digital assets 0       (191,633)
Other segment items [1] (4,740)       2,426
Interest income (expense), net [2] (17,106)       (11,881)
Income tax benefit [3] 1,725,084       160,769
Net loss (4,217,370) $ (670,810) $ (340,174) $ (102,559) (53,118)
Total assets 43,919,760 [4] $ 25,843,685     6,351,539 [4]
Controllable          
Segment Reporting Information [Line Items]          
Sales and marketing [5] (23,648)       (23,145)
Maintenance [5] (6,764)       (7,535)
Consulting [5] (11,614)       (14,464)
Cloud [5] (14,558)       (8,608)
Technology [5] (24,702)       (26,877)
Corporate resources [5] (26,370)       (21,346)
Non-Controllable          
Segment Reporting Information [Line Items]          
Unrealized loss on digital assets (5,906,005)        
Impairment losses on digital assets         (191,633)
Digital asset custody fees (4,122)       (753)
Share-based compensation expense (11,819)       (17,791)
Payroll taxes on equity award exercises and vestings (2,072)       (7,526)
Operating Segments | Software Business          
Segment Reporting Information [Line Items]          
Total revenues 111,066       115,246
Other segment items [1] (4,740)       2,849
Interest income (expense), net [2] 98       0
Income tax benefit [3] 22,359       101,906
Net loss 18,128       92,709
Total assets [4] 373,681       551,846
Operating Segments | Software Business | Controllable          
Segment Reporting Information [Line Items]          
Sales and marketing [5] (23,648)       (23,145)
Maintenance [5] (6,764)       (7,535)
Consulting [5] (11,614)       (14,464)
Cloud [5] (14,558)       (8,608)
Technology [5] (24,702)       (26,877)
Corporate resources [5] (18,666)       (21,346)
Operating Segments | Software Business | Non-Controllable          
Segment Reporting Information [Line Items]          
Unrealized loss on digital assets 0        
Impairment losses on digital assets         0
Digital asset custody fees 0       0
Share-based compensation expense (8,662)       (17,791)
Payroll taxes on equity award exercises and vestings (2,041)       (7,526)
Corporate & Other          
Segment Reporting Information [Line Items]          
Total revenues 0       0
Other segment items [1] 0       (423)
Interest income (expense), net [2] (17,204)       (11,881)
Income tax benefit [3] 1,702,725       58,863
Net loss (4,235,498)       (145,827)
Total assets [4] 43,546,079       5,799,693
Corporate & Other | Controllable          
Segment Reporting Information [Line Items]          
Sales and marketing [5] 0       0
Maintenance [5] 0       0
Consulting [5] 0       0
Cloud [5] 0       0
Technology [5] 0       0
Corporate resources [5] (7,704)       0
Corporate & Other | Non-Controllable          
Segment Reporting Information [Line Items]          
Unrealized loss on digital assets (5,906,005)        
Impairment losses on digital assets         (191,633)
Digital asset custody fees (4,122)       (753)
Share-based compensation expense (3,157)       0
Payroll taxes on equity award exercises and vestings $ (31)       $ 0
[1] Other segment items for the Software Business are primarily related to foreign currency transaction gains and losses, costs supporting the Company’s education function, one-time corporate initiatives, and certain expenses that are not easily allocable to specific functions. Other segment items for the Corporate & Other category are primarily related to third-party consulting and advisory fees.
[2] Interest expense, net is substantially related to interest expense on the Company’s long-term debt arrangements, the proceeds from which were primarily used to purchase bitcoin.
[3] Income tax effects allocated to the Corporate & Other category are related solely to transactions involving the Company’s bitcoin or debt, including unrealized losses on digital assets, digital asset impairment losses, interest expenses, gains and losses on debt extinguishments, share-based compensation expense, corporate resources (including personnel costs), and other third-party expenses.
[4] Due to the adoption of ASU 2023-08, segment assets allocated to the Corporate & Other category for the three months ended March 31, 2025, included only the Company’s digital assets. For the three months ended March 31, 2024, segment assets included the Company’s digital assets and deferred tax assets primarily related to digital asset impairment losses and interest expense.
[5] Significant expenses regularly provided to the CODM include both: (i) costs that the CODM considers to be “controllable”, for which the Company can manage future expense via the budgeting process (e.g. salaries, commissions, travel and entertainment expenses, third party-service provider fees, etc.), and that support each specific function of the Software Business (i.e. sales and marketing, maintenance, consulting, cloud, technology, and corporate resources) and (ii) costs that the CODM considers to be “non-controllable”, for which future expenses are primarily outside the Company’s control, such as losses (gains) on digital assets, digital asset impairment, and custody fees, share-based compensation expense, and employer payroll taxes related to the exercise or vesting of certain awards under the Stock Incentive Plans.