XML 38 R8.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 5,077,752 $ 1,402,629
Cash and securities segregated under federal and other regulations 5,374,594 4,914,660
Receivables from brokers, dealers and clearing organizations 209,792 124,501
Receivables from users, net 5,423,643 3,354,142
Deposits with clearing organizations 272,204 225,514
Other current assets 1,542,902 851,138
Total current assets 17,900,887 10,872,584
Property, software and equipment, net 71,078 45,834
Restricted cash 17,273 7,364
Non-current assets 99,344 62,692
Total assets 18,088,582 10,988,474
Current liabilities:    
Accounts payable and accrued expenses 292,851 104,649
Payables to users 7,768,181 5,897,242
Amounts of liabilities presented on the unaudited condensed consolidated balance sheets 2,642,900 1,921,118
Other current liabilities 1,536,344 893,036
Total current liabilities 12,240,276 8,816,045
Convertible notes 5,189,783 0
Other non-current liabilities 463,548 48,012
Total liabilities 17,893,607 8,864,057
Commitments and contingencies (Note 14)
Mezzanine equity    
Redeemable convertible preferred stock 2,179,739 2,179,739
Stockholders’ deficit:    
Common stock 1 1
Additional paid-in capital 151,281 134,307
Accumulated other comprehensive income 525 473
Accumulated deficit (2,136,571) (190,103)
Total stockholders’ deficit (1,984,764) (55,322)
Total liabilities, mezzanine equity and stockholders’ deficit $ 18,088,582 $ 10,988,474