Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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| Revenue: | ||||||
| Revenue from fees, net | $ 240,777 | $ 130,532 | $ 426,252 | $ 268,600 | ||
| Interest income, interest expense, and fair value adjustments, net: | ||||||
| Interest income | [1] | 45,623 | 52,883 | 86,191 | 104,054 | |
| Interest expense | [1] | (7,772) | (11,470) | (14,792) | (22,184) | |
| Fair value and other adjustments | [1] | (21,337) | (44,315) | (26,989) | (95,046) | |
| Total interest income, interest expense, and fair value adjustments, net | 16,514 | (2,902) | 44,410 | (13,176) | ||
| Total revenue | 257,291 | 127,630 | 470,662 | 255,424 | ||
| Operating expenses: | ||||||
| Sales and marketing | 73,105 | 32,958 | 132,075 | 68,108 | ||
| Customer operations | 46,246 | 38,684 | 86,747 | 78,092 | ||
| Engineering and product development | 68,825 | 58,453 | 126,663 | 121,544 | ||
| General, administrative, and other | 64,573 | 53,021 | 125,131 | 110,634 | ||
| Total operating expenses | 252,749 | 183,116 | 470,616 | 378,378 | ||
| Income (loss) from operations | 4,542 | (55,486) | 46 | (122,954) | ||
| Other income, net | 1,114 | 1,031 | 3,192 | 3,915 | ||
| Net income (loss) before income taxes | 5,656 | (54,455) | 3,238 | (119,039) | ||
| Provision for income taxes | 49 | 15 | 78 | 29 | ||
| Net income (loss) | $ 5,607 | $ (54,470) | $ 3,160 | $ (119,068) | ||
| Net income (loss) per share, basic (in dollars per share) | $ 0.06 | $ (0.62) | $ 0.03 | $ (1.36) | ||
| Net income (loss) per share, diluted (in dollars per share) | $ 0.05 | $ (0.62) | $ 0.03 | $ (1.36) | ||
| Weighted-average number of shares outstanding used in computing net income (loss) per share, basic (in shares) | 95,526,364 | 88,435,893 | 94,903,909 | 87,733,294 | ||
| Weighted-average number of shares outstanding used in computing net income (loss) per share, diluted (in shares) | 102,852,284 | 88,435,893 | 103,177,583 | 87,733,294 | ||
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- Definition Customer Operations Expense No definition available.
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- Definition Fair Value And Other Adjustments, Net No definition available.
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- Definition Revenue From Fees, Net No definition available.
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- Definition Revenue Not From Contract With Customer No definition available.
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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://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, before tax, of income (loss) attributable to parent. Includes, but is not limited to, income (loss) from continuing operations, discontinued operations and equity method investments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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/exampleRef
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- Definition Amount of interest expense classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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/exampleRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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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/exampleRef
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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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- 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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