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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 923,016 $ 980,972
Restricted cash 8,500 8,500
Short-term investments 179,409 268,724
Accounts receivable, net 29,988 19,540
Settlements receivable, net 16,203 29,922
Network incentives receivable 66,776 53,807
Prepaid expenses and other current assets 25,405 27,233
Total current assets 1,249,297 1,388,698
Operating lease right-of-use assets, net 2,712 6,488
Property and equipment, net 37,523 18,764
Intangible assets, net 29,774 35,631
Goodwill 123,523 123,523
Other assets 20,375 16,587
Total assets 1,463,204 1,589,691
Current liabilities:    
Accounts payable 527 1,420
Revenue share payable 193,399 173,645
Accrued expenses and other current liabilities 177,059 161,514
Total current liabilities 370,985 336,579
Operating lease liabilities, net of current portion 870 5,126
Other liabilities 6,331 4,591
Total liabilities 378,186 346,296
Commitments and contingencies
Equity, Attributable to Parent [Abstract]    
Preferred stock, $0.0001 par value; 100,000 and 100,000 shares authorized, no shares issued and outstanding as of December 31, 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, 470,824 and 465,985 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively. 600,000 and 600,000 Class B shares authorized, 33,472 and 54,358 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively 50 52
Additional paid-in capital 1,883,190 2,067,776
Accumulated other comprehensive (loss) income (314) 762
Accumulated deficit (797,908) (825,195)
Total stockholders’ equity 1,085,018 1,243,395
Total liabilities and stockholders’ equity $ 1,463,204 $ 1,589,691