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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue:      
Revenue $ 21,915,623 $ 17,531,587 $ 17,661,203
Cost of revenue:      
Amortization of acquired technology assets 72,829 70,194 22,645
Total cost of revenue 14,410,737 11,539,695 13,241,380
Gross profit 7,504,886 5,991,892 4,419,823 Close
Operating expenses:      
Product development 2,720,819 2,135,612 1,383,841
Sales and marketing 2,019,009 2,057,951 1,617,189
General and administrative 2,209,190 1,686,849 982,817
Transaction, loan, and consumer receivable losses 660,663 550,683 187,991
Bitcoin impairment losses 0 46,571 71,126
Amortization of customer and other acquired intangible assets 174,044 138,758 15,747
Total operating expenses 7,783,725 6,616,424 4,258,711 Close
Operating income (loss) (278,839) (624,532) 161,112 Close
Interest expense (income), net (47,221) 36,228 33,124 Close
Other income, net (202,475) (95,443) (29,474) CloseClose
Total Other Income Expenses -249696.0 -59215.0 3650.0 0.0 0 Close
Income (loss) before income tax (29,143) (565,317) 157,462 CloseClose
Benefit for income taxes (8,019) (12,312) (1,364) Close
Net income (loss) (21,124) (553,005) 158,826 Close
Less: Net loss attributable to noncontrolling interests (30,896) (12,258) (7,458)
Net income (loss) attributable to common stockholders $ 9,772 $ (540,747) $ 166,284
Net income (loss) per share attributable to common stockholders:      
Basic (in USD per share) $ 0.02 $ (0.93) $ 0.36
Diluted (in USD per share) $ 0.02 $ (0.93) $ 0.33
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders:      
Basic (in shares) 608,856 578,949 458,432
Diluted (in shares) 614,024 578,949 501,779
Transaction-based revenue      
Revenue:      
Revenue $ 6,315,301 $ 5,701,540 $ 4,793,146
Cost of revenue:      
Cost of revenue 3,702,016 3,364,028 2,719,502
Subscription and services-based revenue      
Revenue:      
Revenue 5,944,842 4,552,773 2,709,731
Cost of revenue:      
Cost of revenue 1,075,129 861,745 483,056
Hardware revenue      
Revenue:      
Revenue 157,178 164,418 145,679
Cost of revenue:      
Cost of revenue 267,650 286,995 221,185
Bitcoin revenue      
Revenue:      
Revenue 9,498,302 7,112,856 10,012,647
Cost of revenue:      
Cost of revenue $ 9,293,113 $ 6,956,733 $ 9,794,992