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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Net interest revenues $ 274 $ 251 $ 813 $ 693
Total net revenues 637 467 1,937 1,394
Operating expenses:        
Brokerage and transaction 39 39 114 114
Technology and development 205 202 610 608
Operations 50 41 140 119
Marketing 59 28 190 79
General and administrative 133 230 385 1,036
Total operating expenses 486 540 1,439 1,956
Other income (expense), net 2 (2) 8 0
Income (loss) before income taxes 153 (75) 506 (562)
Provision for income taxes 3 10 11 9
Net income (loss) 150 (85) 495 (571)
Net income (loss) attributable to common stockholders:        
Basic 150 (85) 495 (571)
Diluted $ 150 $ (85) $ 495 $ (571)
Net income (loss) per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.17 $ (0.09) $ 0.56 $ (0.64)
Diluted (in dollars per share) $ 0.17 $ (0.09) $ 0.55 $ (0.64)
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders:        
Basic (in shares) 884,108,545 895,108,790 880,182,573 898,999,464
Diluted (in shares) 905,544,750 895,108,790 903,555,592 898,999,464
Transaction-based revenues        
Revenues:        
Transaction-based revenues and other revenues $ 319 $ 185 $ 975 $ 585
Other revenues        
Revenues:        
Transaction-based revenues and other revenues $ 44 $ 31 $ 149 $ 116