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Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 343,660 $ 406,974
Restricted funds held for customers 1,220,459 1,578,656
Marketable securities 99,888 44,645
Accounts receivable, net of allowances of $4,271 and $4,231, respectively 48,877 46,689
Supplier advances receivable, net of allowances of $1,291 and $1,333 respectively 9,967 9,744
Prepaid expenses and other current assets 15,322 12,070
Total current assets 1,738,173 2,098,778
Property and equipment, net 100,114 100,985
Operating lease right-of-use assets 1,585 1,628
Deferred customer origination costs, net 27,216 27,663
Goodwill 165,921 165,921
Intangible assets, net 80,852 84,805
Other noncurrent assets and deposits 4,642 3,957
Total assets 2,118,503 2,483,737
Current liabilities    
Accounts payable 15,433 16,777
Accrued expenses 39,558 56,367
Payment service obligations 1,220,459 1,578,656
Deferred revenue 12,455 12,851
Current maturities of lease obligations under finance leases 251 275
Current maturities of lease obligations under operating leases 1,691 1,525
Current maturities of long-term debt 6,425 6,425
Total current liabilities 1,296,272 1,672,876
Long-term liabilities    
Deferred revenue, less current portion 13,808 14,742
Obligations under finance leases, less current maturities 62,595 62,464
Obligations under operating leases, less current maturities 2,909 3,275
Long-term debt 69,422 69,760
Other long-term liabilities 3,934 4,175
Total liabilities 1,448,940 1,827,292
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding as of March 31, 2024 and December 31, 2023
Common stock, $0.001 par value; 1,600,000,000 shares authorized as of March 31, 2024 and December 31, 2023; 206,315,368 and 204,084,024 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively 206 204
Additional paid-in capital 1,692,526 1,678,401
Accumulated deficit (1,023,169) (1,022,160)
Total stockholders' equity 669,563 656,445
Total liabilities and stockholders' equity $ 2,118,503 $ 2,483,737