v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 1,542 $ 1,498
Marketable securities 4,278 3,981
Trade and other receivables, net 350 342
Loans and merchant cash advances, net 1,597 1,224
Other current assets 234 209
Total current assets 8,001 7,254
Long-term assets    
Property and equipment, net 46 47
Operating lease right-of-use assets, net 97 93
Intangible assets, net 36 22
Deferred tax assets 31 37
Other long-term assets 28 21
Long-term investments 831 709
Equity and other investments ($3,417 and $3,930, carried at fair value) 4,405 4,647
Equity method investment 595 642
Goodwill 491 452
Total long term assets 6,560 6,670
Total assets 14,561 13,924
Current liabilities    
Accounts payable and accrued liabilities 841 737
Deferred revenue 298 283
Operating lease liabilities 20 18
Convertible senior notes 919 918
Total current liabilities 2,078 1,956
Long-term liabilities    
Deferred revenue 123 147
Operating lease liabilities 200 190
Deferred tax liabilities 36 73
Total long term liabilities 359 410
Contingencies (Note 11)
Equity, Attributable to Parent [Abstract]    
Common stock, unlimited Class A subordinate voting shares authorized, 1,220,122,701 and 1,215,229,233, issued and outstanding; unlimited Class B restricted voting shares authorized, 79,245,482 and 79,350,906 issued and outstanding; 1 Founder share authorized, 1 and 1 issued and outstanding 9,985 9,634
Additional paid-in capital 281 305
Accumulated other comprehensive income (loss) 5 (10)
Accumulated surplus 1,853 1,629
Total shareholders’ equity 12,124 11,558
Total liabilities and shareholders’ equity $ 14,561 $ 13,924