v3.26.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,868 $ 1,545
Marketable securities 2,859 4,233
Trade and other receivables, net 483 500
Loans and merchant cash advances, net 2,350 1,784
Other current assets 226 234
Total current assets 7,786 8,296
Long-term assets    
Property and equipment, net 50 53
Operating lease right-of-use assets, net 102 88
Intangible assets, net 125 30
Deferred tax assets 83 33
Other long-term assets 50 39
Long-term investments 524 975
Equity and other investments ($3,205 and $3,619, carried at fair value) 4,911 4,582
Equity method investment 538 602
Goodwill 495 491
Total long term assets 6,878 6,893
Total assets 14,664 15,189
Current liabilities    
Accounts payable and accrued liabilities 1,250 1,075
Deferred revenue 345 300
Operating lease liabilities 7 17
Total current liabilities 1,602 1,392
Long-term liabilities    
Deferred revenue 69 98
Operating lease liabilities 181 171
Deferred tax liabilities 63 55
Total long term liabilities 313 324
Contingencies (Note 9)
Shareholders’ equity    
Common stock, unlimited Class A subordinate voting shares authorized, 1,208,317,826 and 1,225,830,706, issued and outstanding; unlimited Class B restricted voting shares authorized, 78,065,084 and 78,073,594 issued and outstanding; 1 Founder Share authorized, 1 and 1 issued and outstanding 8,219 10,376
Additional paid-in capital 293 236
Accumulated other comprehensive (loss) income (6) 1
Accumulated surplus 4,243 2,860
Total shareholders’ equity 12,749 13,473
Total liabilities and shareholders’ equity $ 14,664 $ 15,189