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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue:    
Revenue $ 3,960,645,000 $ 5,057,270,000
Cost of revenue:    
Total cost of revenue 2,665,685,000 4,093,769,000
Gross profit 1,294,960,000 963,501,000
Operating expenses:    
Product development 484,761,000 310,141,000
Sales and marketing 501,562,000 349,460,000
General and administrative 444,276,000 195,909,000
Transaction, loan, and consumer receivable losses 91,150,000 20,395,000
Bitcoin impairment losses 0 19,860,000
Total operating expenses 1,521,749,000 895,765,000
Operating income (loss) (226,789,000) 67,736,000
Interest expense, net 15,748,000 253,000
Other expense (income), net (33,472,000) 27,528,000
Income (loss) before income tax (209,065,000) 39,955,000
Provision (benefit) for income taxes (1,702,000) 947,000
Net income (loss) (207,363,000) 39,008,000
Less: Net loss attributable to noncontrolling interests (3,164,000) 0
Net income (loss) attributable to common stockholders $ (204,199,000) $ 39,008,000
Net income (loss) per share attributable to common stockholders:    
Basic (in USD per share) $ (0.38) $ 0.09
Diluted (in USD per share) $ (0.38) $ 0.08
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders:    
Basic (in shares) 541,435 454,973
Diluted (in shares) 541,435 501,353
Transaction-based revenue    
Revenue:    
Revenue $ 1,232,969,000 $ 959,733,000
Cost of revenue:    
Cost of revenue 718,700,000 526,779,000
Subscription and services-based revenue    
Revenue:    
Revenue 959,557,000 557,681,000
Cost of revenue:    
Cost of revenue 195,862,000 90,373,000
Hardware revenue    
Revenue:    
Revenue 37,326,000 28,788,000
Cost of revenue:    
Cost of revenue 63,664,000 40,482,000
Bitcoin revenue    
Revenue:    
Revenue 1,730,793,000 3,511,068,000
Cost of revenue:    
Cost of revenue $ 1,687,459,000 $ 3,436,135,000