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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue:    
Revenue $ 5,057,270 $ 1,381,109
Cost of revenue:    
Total cost of revenue 4,093,769 842,608
Gross profit 963,501 538,501
Operating expenses:    
Product development 308,678 194,986
Sales and marketing 349,460 194,535
General and administrative 195,909 129,495
Transaction and loan losses 20,395 108,883
Bitcoin impairment losses 19,860 0
Amortization of acquired customer assets 6,884 4,152
Total operating expenses 895,765 628,789
Operating income (loss) 67,736 (90,288)
Interest expense, net 253 9,206
Other expense, net 27,528 5,862
Income (loss) before income tax 39,955 (105,356)
Provision for income taxes 947 535
Net income (loss) $ 39,008 $ (105,891)
Net income (loss) per share:    
Basic (in USD per share) $ 0.09 $ (0.24)
Diluted (in USD per share) $ 0.08 $ (0.24)
Weighted-average shares used to compute net income (loss) per share:    
Basic (in shares) 454,973 434,940
Diluted (in shares) 501,353 434,940
Technology assets    
Cost of revenue:    
Amortization of acquired technology $ 4,300 $ 2,320
Customer assets    
Operating expenses:    
Amortization of acquired customer assets 1,463 890
Transaction-based revenue    
Revenue:    
Revenue 959,733 758,101
Cost of revenue:    
Cost of revenue 524,280 465,779
Subscription and services-based revenue    
Revenue:    
Revenue 525,065 255,883
Revenue 557,681 296,235
Cost of revenue:    
Cost of revenue 88,572 40,711
Hardware revenue    
Revenue:    
Revenue 28,788 20,675
Cost of revenue:    
Cost of revenue 40,482 34,372
Bitcoin revenue    
Revenue:    
Revenue 3,511,068 306,098
Cost of revenue:    
Cost of revenue $ 3,436,135 $ 299,426