CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2023 |
Sep. 30, 2022 |
Sep. 30, 2023 |
Sep. 30, 2022 |
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| Revenue: | ||||||
| Revenue | $ 5,617,493,000 | $ 4,515,541,000 | $ 16,142,581,000 | $ 12,880,685,000 | ||
| Cost of revenue: | ||||||
| Amortization of acquired technology assets | 17,880,000 | 18,506,000 | 54,780,000 | 51,874,000 | ||
| Total cost of revenue | 3,719,044,000 | 2,948,452,000 | 10,663,447,000 | 8,548,988,000 | ||
| Gross profit | 1,898,449,000 | 1,567,089,000 | 5,479,134,000 | 4,331,697,000 | | |
| Operating expenses: | ||||||
| Product development | 713,788,000 | 548,037,000 | 2,035,397,000 | 1,531,088,000 | ||
| Sales and marketing | 479,381,000 | 485,838,000 | 1,512,999,000 | 1,518,227,000 | ||
| General and administrative | 480,885,000 | 395,437,000 | 1,463,003,000 | 1,235,306,000 | ||
| Transaction, loan, and consumer receivable losses | 177,338,000 | 147,586,000 | 485,005,000 | 395,433,000 | ||
| Bitcoin impairment losses | 0 | 1,619,000 | 0 | 37,580,000 | ||
| Amortization of customer and other acquired intangible assets | 56,965,000 | 37,361,000 | 130,917,000 | 103,414,000 | ||
| Total operating expenses | 1,908,357,000 | 1,615,878,000 | 5,627,321,000 | 4,821,048,000 | | |
| Operating loss | (9,908,000) | (48,789,000) | (148,187,000) | (489,351,000) | | |
| Interest expense (income), net | (21,415,000) | 6,042,000 | (28,520,000) | 34,756,000 | | |
| Other expense (income), net | (4,262,000) | (18,798,000) | 15,488,000 | (71,036,000) | | |
| Total Other Income Expenses | -25677000.0 | -12756000.0 | -13032000.0 | -36280000.0 | 0.0 | |
| Income (loss) before income tax | 15,769,000 | (36,033,000) | (135,155,000) | (453,071,000) | | |
| Provision (benefit) for income taxes | 49,529,000 | (17,289,000) | 43,773,000 | (17,687,000) | | |
| Net loss | (33,760,000) | (18,744,000) | (178,928,000) | (435,384,000) | | |
| Less: Net loss attributable to noncontrolling interests | (4,806,000) | (4,033,000) | (10,630,000) | (8,460,000) | ||
| Net loss attributable to common stockholders | $ (28,954,000) | $ (14,711,000) | $ (168,298,000) | $ (426,924,000) | ||
| Net loss per share attributable to common stockholders: | ||||||
| Basic (in USD per share) | $ (0.05) | $ (0.02) | $ (0.28) | $ (0.75) | ||
| Diluted (in USD per share) | $ (0.05) | $ (0.02) | $ (0.28) | $ (0.75) | ||
| Weighted-average shares used to compute net loss per share attributable to common stockholders: | ||||||
| Basic (in shares) | 611,276 | 592,672 | 606,767 | 572,234 | ||
| Diluted (in shares) | 611,276 | 592,672 | 606,767 | 572,234 | ||
| Transaction-based revenue | ||||||
| Revenue: | ||||||
| Revenue | $ 1,658,668,000 | $ 1,517,890,000 | $ 4,719,027,000 | $ 4,226,566,000 | ||
| Cost of revenue: | ||||||
| Cost of revenue | 984,658,000 | 901,990,000 | 2,755,968,000 | 2,493,988,000 | ||
| Subscription and services-based revenue | ||||||
| Revenue: | ||||||
| Revenue | 1,492,900,000 | 1,191,511,000 | 4,320,621,000 | 3,245,924,000 | ||
| Cost of revenue: | ||||||
| Cost of revenue | 259,262,000 | 225,903,000 | 802,577,000 | 622,031,000 | ||
| Hardware revenue | ||||||
| Revenue: | ||||||
| Revenue | 42,341,000 | 43,388,000 | 124,714,000 | 128,765,000 | ||
| Cost of revenue: | ||||||
| Cost of revenue | 78,338,000 | 76,002,000 | 211,208,000 | 223,160,000 | ||
| Bitcoin revenue | ||||||
| Revenue: | ||||||
| Revenue | 2,423,584,000 | 1,762,752,000 | 6,978,219,000 | 5,279,430,000 | ||
| Cost of revenue: | ||||||
| Cost of revenue | $ 2,378,906,000 | $ 1,726,051,000 | $ 6,838,914,000 | $ 5,157,935,000 | ||
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- Definition Earnings Per Share, Basic And Diluted EPS No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for allocation of cost of intangible asset over its useful life directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of impairment loss resulting from write-down of assets, excluding financial assets and goodwill, lacking physical substance and having a projected indefinite period of benefit to fair value. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net amount of operating interest income (expense). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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