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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 534,170 $ 617,022
Restricted cash 4,994 7,030
Customer funds 5,560,767 6,390,526
Accounts receivable (net of allowance of $407 at September 30, 2024 and $385 at December 31, 2023) 13,529 7,980
Capital advance receivables (net of allowance of $6,094 at September 30, 2024 and $5,059 at December 31, 2023) 56,948 45,493
Other current assets 78,880 40,672
Total current assets 6,249,288 7,108,723
Non-current assets:    
Property, equipment and software, net 14,469 15,499
Goodwill 76,094 19,889
Intangible assets, net 99,915 76,266
Customer funds 525,000  
Restricted cash 16,848 5,780
Deferred taxes 29,556 15,291
Severance pay fund 828 840
Operating lease right-of-use assets 21,585 24,854
Other assets 17,591 15,977
Total assets 7,051,174 7,283,119
Current liabilities:    
Trade payables 45,118 33,941
Outstanding operating balances 6,085,767 6,390,526
Total current liabilities 6,262,586 6,541,975
Non-current liabilities:    
Warrant liability   8,555
Deferred taxes 1,471  
Other long-term liabilities 59,243 49,905
Total liabilities 6,323,300 6,618,846
Commitments and contingencies (Note 15)
Shareholders' equity:    
Preferred stock, $0.01 par value, 380,000,000 shares authorized; no shares were issued and outstanding at September 30, 2024 and December 31, 2023.
Common stock, $0.01 par value, 3,800,000,000 and 3,800,000,000 shares authorized; 390,633,432 and 368,655,185 shares issued and 356,575,542 and 357,590,493 shares outstanding at September 30, 2024 and December 31, 2023, respectively. 3,906 3,687
Treasury stock at cost, 34,057,890 and 11,064,692 shares as of September 30, 2024 and December 31, 2023, respectively. (176,043) (56,936)
Additional paid-in capital 801,687 732,894
Accumulated other comprehensive income (loss) 10,547 (176)
Retained earnings (accumulated deficit) 87,777 (15,196)
Total shareholders' equity 727,874 664,273
Total liabilities and shareholders' equity 7,051,174 7,283,119
Related Party    
Current liabilities:    
Other payables 13,219  
Non-current liabilities:    
Long-term debt from related party (refer to Notes 12 and 21 for further information)   18,411
Nonrelated Party    
Current liabilities:    
Other payables $ 118,482 $ 117,508