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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 254,620 $ 200,081
Short-term deposits 183,475 96,939
Accounts receivable, net (net of allowance for credit losses of $681 and $1,110 as of December 31, 2023 and 2024, respectively) 41,171 27,841
Prepaid expenses and other current assets 84,613 63,967
Marketable securities 36,345 20,403
Funds receivable, including cash in banks 122,984 111,232
Total current assets 723,208 520,463
Property and equipment, net 10,440 10,236
Operating lease right-of-use assets 24,429 23,052
Long-term deposits 3,786 3,552
Deferred contract acquisition and fulfillment costs, noncurrent 3,787 2,668
Other assets, noncurrent 3,448 4,078
Long-term investment 1,079 0
Commercial agreement asset 66,527 192,721
Goodwill 367,566 367,566
Intangible assets, net 59,212 78,024
Total long-term assets 540,274 681,897
Total assets 1,263,482 1,202,360
Current liabilities:    
Accounts payable (including related party payables of $31,520 and $51,226 as of December 31, 2023 and 2024, respectively) 79,559 50,943
Accrued expenses and other current liabilities (including related party payables of $6,892 and $10,279 as of December 31, 2023 and 2024, respectively) 141,551 107,306
Funds payable to customers 122,984 111,232
Short-term operating lease liabilities 4,347 4,031
Total current liabilities 348,441 273,512
Long-term liabilities:    
Deferred tax liabilities, net 0 6,507
Long-term operating lease liabilities 20,510 19,291
Other long-term liabilities 1,098 1,071
Total liabilities 370,049 300,381
Shareholders’ equity:    
Ordinary Shares, with no par value, 300,000,000 shares authorized as of December 31, 2023 and 2024, respectively; 165,773,914 and 169,131,268 shares issued and outstanding as of December 31, 2023 and 2024, respectively; 0 0
Additional paid-in capital 1,425,317 1,360,250
Accumulated comprehensive income (loss) 515 (1,420)
Accumulated deficit (532,399) (456,851)
Total shareholders’ equity 893,433 901,979
Total liabilities, and shareholders’ equity $ 1,263,482 $ 1,202,360