v3.26.1
OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) (Tables)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Other Current Assets
The following table presents the detail of other current assets (in thousands):
  June 30, 2026December 31, 2025
Restricted cash (i)
$821,679 $1,071,574 
Loans held for sale (ii)
701,362 782,966 
Processing costs receivable484,328 448,406 
Prepaid expenses319,556 288,707 
Investments in short-term debt securities310,845 517,777 
Inventory, net198,861 158,319 
Accounts receivable, net194,432 238,207 
Other (iii)
543,574 601,746 
Total$3,574,637 $4,107,702 

(i) Includes a portion invested in money market funds. Refer to Note 5, Fair Value Measurements for further details.

(ii) Refer to Note 7, Customer Loans for further details.

(iii) In June 2026, the Company received cash proceeds of $329.8 million from the sale of a non-marketable equity security, which are included within "Other investing activities" on the condensed consolidated statements of cash flows for the three and six months ended June 30, 2026.
Schedule of Inventory, Net
The following table presents the detail of inventory, net (in thousands):
  June 30, 2026December 31, 2025
Raw materials
$17,917 $16,054 
Work in process55,421 46,791 
Finished goods125,523 95,474 
Total inventory, net$198,861 $158,319 
Schedule of Accrued Expenses and Other Current Liabilities
The following table presents the detail of accrued expenses and other current liabilities (in thousands):    
  June 30, 2026December 31, 2025
Accrued legal contingencies$674,575 $172,959 
Accrued expenses563,557 389,278 
Customer deposits387,423 297,432 
Accounts payable122,354 114,572 
Processing fee payable116,292 106,815 
Operating lease liabilities, current61,081 55,349 
Accrued transaction losses (i)
59,761 49,250 
Accrued royalties55,911 51,596 
Other236,097 301,642 
Total$2,277,051 $1,538,893 

(i) The Company is exposed to potential credit losses related to transactions processed by sellers that are subsequently subject to chargebacks when the Company is unable to collect from the sellers primarily due to insolvency. Generally, the Company estimates the potential loss rates based on historical experience that is continuously adjusted for new information and incorporates, where applicable, reasonable and supportable forecasts about future expectations.
Schedule of Reserve for Transaction Losses
The following table summarizes the activities of the Company’s reserve for transaction losses (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Accrued transaction losses, beginning of the period$59,051 $57,137 $49,250 $58,580 
Provision for transaction losses (i)
25,976 32,071 60,077 61,479 
Charge-offs to accrued transaction losses(25,266)(34,826)(49,566)(65,677)
Accrued transaction losses, end of the period$59,761 $54,382 $59,761 $54,382 

(i) Estimated losses related to Cash App overdrafts are classified within sales and marketing expenses and are accounted for separately from the provision for transaction losses. Such losses were immaterial for the three and six months ended June 30, 2026.