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Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Revenue $ 1,637,570,000 $ 772,529,000 Close
Operating expenses:    
Transaction expense 217,407,000 96,369,000
Technology and development 357,863,000 358,031,000
Sales and marketing 98,585,000 63,976,000
General and administrative 287,236,000 248,761,000
Gains on crypto assets held for operations, net (86,358,000) 0
Crypto asset impairment, net 0 17,962,000
Restructuring 0 144,489,000
Other operating expense (income), net 2,376,000 (33,184,000)
Total operating expenses 877,109,000 896,404,000 CloseCloseClose
Operating income (loss) 760,461,000 (123,875,000) CloseCloseClose
Interest expense 19,071,000 21,536,000 Close
Gains on crypto assets held for investment, net (650,429,000) 0 Close
Other (income) expense, net (45,605,000) 20,265,000 CloseCloseCloseClose
Total Other Income Expenses -676963000.0 41801000.0 0.0 0.0 0.0 Close
Income (loss) before income taxes 1,437,424,000 (165,676,000) CloseCloseCloseClose
Provision for (benefit from) income taxes 261,179,000 (86,780,000) CloseCloseClose
Net income (loss) 1,176,245,000 (78,896,000) CloseCloseClose
Net income (loss) attributable to common stockholders:    
Basic 1,175,479,000 (78,896,000)
Diluted $ 1,178,079,000 $ (78,896,000)
Net income (loss) per share attributable to common stockholders:    
Basic (in dollars per share) $ 4.84 $ (0.34)
Diluted (in dollars per share) $ 4.40 $ (0.34)
Weighted-average shares of common stock used to compute net income (loss) per share attributable to common stockholders:    
Basic (in shares) 242,793 231,489
Diluted (in shares) 267,945 231,489
Net revenue    
Revenue:    
Revenue $ 1,587,677,000 $ 736,398,000
Other revenue    
Revenue:    
Revenue $ 49,893,000 $ 36,131,000