SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Information on the reportable segments revenue and segment gross profit are as follows (in thousands):

	Three Months Ended March 31, 2021
	Cash App		Seller		Total
Revenue
Transaction-based revenue	$	91,959	$	867,774	$	959,733
Subscription and services-based revenue	436,589		121,092		557,681
Hardware revenue	—		28,788		28,788
Bitcoin revenue	3,511,068		—		3,511,068
Segment revenue	$	4,039,616	$	1,017,654	$	5,057,270
Segment gross profit	$	495,485	$	468,016	$	963,501

	Three Months Ended March 31, 2020
	Cash App		Seller		Total
Revenue
Transaction-based revenue	$	27,819	$	730,282	$	758,101
Subscription and services-based revenue	193,725		102,510		296,235
Hardware revenue	—		20,675		20,675
Bitcoin revenue	306,098		—		306,098
Segment revenue	$	527,642	$	853,467	$	1,381,109
Segment gross profit	$	182,732	$	355,769	$	538,501

Reconciliation of Total Segment Profit to Income before applicable Income Taxes

A reconciliation of total segment gross profit to the Company’s income (loss) before applicable income taxes is as follows (in thousands):

	Three Months Ended March 31,
	2021		2020
Total segment gross profit	$	963,501	$	538,501
Less: Product development	308,678		194,986
Less: Sales and marketing	349,460		194,535
Less: General and administrative	195,909		129,495
Less: Transaction and loan losses	20,395		108,883
Less: Bitcoin impairment losses	19,860		—
Less: Amortization of acquired customer assets	1,463		890
Less: Interest expense, net	253		9,206
Less: Other expense, net	27,528		5,862
Income (loss) before applicable income taxes	$	39,955	$	(105,356)

Revenue by Geographic Area

Revenue by geography is based on the addresses of the sellers or customers. The following table sets forth revenue by geographic area (in thousands):

	Three Months Ended March 31,
	2021		2020
Revenue
United States	$	4,963,335	$	1,313,586
International	93,935		67,523
Total net revenue	$	5,057,270	$	1,381,109

Long-lived Assets by Geographic Area

The following table sets forth long-lived assets by geographic area (in thousands):

	March 31, 2021		December 31, 2020
Long-lived assets
United States	$	1,100,550	$	1,086,379
International	54,716		58,342
Total long-lived assets	$	1,155,266	$	1,144,721