v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,395,836 $ 811,178
Short-term investments 224,088 228,322
Accounts receivable, net 8,690 8,702
Prepaid and other current assets 127,367 89,931
Funds receivable and seller accounts 205,002 189,558
Total current assets 1,960,983 1,327,691
Restricted cash 8,524 0
Property and equipment, net 229,197 236,706
Goodwill 38,067 137,089
Intangible assets, net 297,352 413,898
Deferred tax assets 119,310 145,630
Long-term investments 134,376 111,725
Other assets 39,445 45,043
Total assets 2,827,254 2,417,782
Current liabilities:    
Accounts payable 28,810 25,979
Accrued expenses 393,015 374,947
Short-term debt, net 649,008 0
Funds payable and amounts due to sellers 205,002 189,558
Deferred revenue 27,049 19,213
Other current liabilities 60,735 55,416
Total current liabilities 1,363,619 665,113
Finance lease obligations—net of current portion 93,482 93,482
Deferred tax liabilities 8,808 7,957
Long-term debt, net 2,333,230 2,288,083
Other liabilities 126,210 122,013
Total liabilities 3,925,349 3,176,648
Commitments and contingencies (Note 13)
Stockholders' deficit:    
Common stock ($0.001 par value, 1,400,000 shares authorized as of December 31, 2025 and 2024; 97,031 and 108,540 shares issued and outstanding as of December 31, 2025 and 2024, respectively) 97 109
Preferred stock ($0.001 par value, 25,000 shares authorized as of December 31, 2025 and 2024) 0 0
Additional paid-in capital 1,532,204 1,322,809
Accumulated deficit (2,404,020) (1,784,037)
Accumulated other comprehensive loss (226,376) (297,747)
Total stockholders' deficit (1,098,095) (758,866)
Total liabilities and stockholders’ deficit $ 2,827,254 $ 2,417,782

Source

10-K XBRL Zip