XML 13 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 886,417 $ 980,972
Restricted cash 8,500 8,500
Short-term investments 217,569 268,724
Accounts receivable, net 26,373 19,540
Settlements receivable, net 11,817 29,922
Network incentives receivable 46,667 53,807
Prepaid expenses and other current assets 23,821 27,233
Total current assets 1,221,164 1,388,698
Operating lease right-of-use assets, net 4,894 6,488
Property and equipment, net 35,791 18,764
Intangible assets, net 31,238 35,631
Goodwill 123,523 123,523
Other assets 19,226 16,587
Total assets 1,435,836 1,589,691
Current liabilities:    
Accounts payable 1,026 1,420
Revenue share payable 167,081 173,645
Accrued expenses and other current liabilities 165,466 161,514
Total current liabilities 333,573 336,579
Operating lease liabilities, net of current portion 2,082 5,126
Other liabilities 4,523 4,591
Total liabilities 340,178 346,296
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 100,000 and 100,000 shares authorized, no shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 0 0
Common stock, $0.0001 par value: 1,500,000 and 1,500,000 Class A shares authorized, 467,647 and 465,985 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively. 600,000 and 600,000 Class B shares authorized, 36,503 and 54,358 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively 50 52
Additional paid-in capital 1,865,565 2,067,776
Accumulated other comprehensive income 833 762
Accumulated deficit (770,790) (825,195)
Total stockholders’ equity 1,095,658 1,243,395
Total liabilities and stockholders’ equity $ 1,435,836 $ 1,589,691