v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 6,427,331 $ 6,564,092
Settlements receivable 1,385,669 1,359,983
Customer funds 5,530,278 4,771,824
Consumer receivables, net 2,477,706 2,670,322
Loans held for investment, net 3,749,254 3,382,957
Other current assets 3,574,637 4,107,702
Total current assets 23,144,875 22,856,880
Goodwill 11,966,996 11,849,018
Acquired intangible assets, net 1,200,262 1,281,670
Deferred tax assets 1,261,584 1,302,776
Bitcoin investment 533,866 777,515
Other non-current assets 1,049,084 1,482,028
Total assets 39,156,667 39,549,887
Current liabilities:    
Customers payable 7,629,062 6,805,366
Accrued expenses and other current liabilities 2,277,051 1,538,893
Current portion of long-term debt (Note 12) 0 1,573,259
Warehouse funding facilities, current 572,388 466,942
Total current liabilities 10,478,501 10,384,460
Warehouse funding facilities, non-current 589,556 897,941
Long-term debt (Note 12) 5,720,569 5,715,759
Other non-current liabilities 356,724 381,845
Total liabilities 17,145,350 17,380,005
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.0000001 par value: 100,000 shares authorized at June 30, 2026 and December 31, 2025. None issued and outstanding at June 30, 2026 and December 31, 2025. 0 0
Additional paid-in capital 18,850,561 18,895,405
Accumulated other comprehensive loss (257,576) (365,381)
Retained earnings 3,454,090 3,674,254
Total stockholders’ equity attributable to common stockholders 22,047,075 22,204,278
Noncontrolling interests (35,758) (34,396)
Total stockholders’ equity 22,011,317 22,169,882
Total liabilities and stockholders’ equity 39,156,667 39,549,887
Class A    
Stockholders’ equity:    
Common stock 0 0
Class B    
Stockholders’ equity:    
Common stock $ 0 $ 0