10-Q Filing

COINBASE GLOBAL, INC. CIK: 1679788 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001679788-23-000106`
Period End Date	20230630
Filing Date	20230803
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	coin-20230630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 80 Cash Flow Statement 170 Stockholders Equity 42 Comprehensive Income 12

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.68B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.43B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.17B	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$28.96M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$25.87M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$20.70M	USD	Point-in-time
Customer custodial funds	`ClientCustodialCashCurrent`	$5.04B	USD	Point-in-time
Customer custodial funds	`ClientCustodialCashCurrent`	$3.85B	USD	Point-in-time
Customer crypto assets	`SafeguardingAssetPlatformOperatorCryptoAsset`	$75.41B	USD	Point-in-time
Customer crypto assets	`SafeguardingAssetPlatformOperatorCryptoAsset`	$124.24B	USD	Point-in-time
USDC	`CryptoCurrencyCurrent`	$315.51M	USD	Point-in-time
USDC	`CryptoCurrencyCurrent`	$861.15M	USD	Point-in-time
Accounts and loans receivable, net of allowance	`AccountsNotesAndLoansReceivableNetCurrent`	$427.21M	USD	Point-in-time
Accounts and loans receivable, net of allowance	`AccountsNotesAndLoansReceivableNetCurrent`	$404.38M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$64.76M	USD	Point-in-time
Income tax receivable	`IncomeTaxesReceivable`	$60.44M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$175.40M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$217.05M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$134.26B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$86.45B	USD	Point-in-time
Crypto assets held	`IndefiniteLivedCryptoAssets`	$485.35M	USD	Point-in-time
Crypto assets held	`IndefiniteLivedCryptoAssets`	$424.39M	USD	Point-in-time
Lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$69.36M	USD	Point-in-time
Lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$18.21M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$171.85M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$186.05M	USD	Point-in-time
Goodwill	`Goodwill`	$625.76M	USD	Point-in-time
Goodwill	`Goodwill`	$1.14B	USD	Point-in-time
Goodwill	`Goodwill`	$1.07B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwillAndIndefiniteLivedCryptoAssets`	$108.13M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwillAndIndefiniteLivedCryptoAssets`	$135.43M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.40B	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$1.45B	USD	Point-in-time
Total assets	`Assets`	$89.72B	USD	Point-in-time
Total assets	`Assets`	$137.65B	USD	Point-in-time
Customer custodial cash liabilities	`CustodialCashDueToClientsCurrent`	$4.83B	USD	Point-in-time
Customer custodial cash liabilities	`CustodialCashDueToClientsCurrent`	$3.85B	USD	Point-in-time
Customer crypto liabilities	`SafeguardingLiabilityPlatformOperatorCryptoAsset`	$124.24B	USD	Point-in-time
Customer crypto liabilities	`SafeguardingLiabilityPlatformOperatorCryptoAsset`	$75.41B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$27.98M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$56.04M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$331.24M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$262.25M	USD	Point-in-time
Crypto asset borrowings	`DerivativeLiabilitiesCurrent`	$144.50M	USD	Point-in-time
Crypto asset borrowings	`DerivativeLiabilitiesCurrent`	$151.50M	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$12.35M	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$33.73M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$80.82B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$128.54B	USD	Point-in-time
Lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$42.04M	USD	Point-in-time
Lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$8.61M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.39B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$3.33B	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$14.25M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$19.53M	USD	Point-in-time
Total liabilities	`Liabilities`	$84.27B	USD	Point-in-time
Total liabilities	`Liabilities`	$131.90B	USD	Point-in-time
#REF!	`CommitmentsAndContingencies`	-	USD	Point-in-time
#REF!	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$4.24B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$3.77B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-33.79M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-38.61M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.73B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.55B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.38B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.75B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.67B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.50B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.45B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.81B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$89.72B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$137.65B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$1.48B	USD	2 Qtrs
Revenue	`Revenues`	$1.97B	USD	2 Qtrs
Revenue	`Revenues`	$707.91M	USD	1 Quarter
Revenue	`Revenues`	$808.33M	USD	1 Quarter
Transaction expense	`InformationTechnologyAndDataProcessing`	$108.20M	USD	1 Quarter
Transaction expense	`InformationTechnologyAndDataProcessing`	$204.57M	USD	2 Qtrs
Transaction expense	`InformationTechnologyAndDataProcessing`	$167.19M	USD	1 Quarter
Transaction expense	`InformationTechnologyAndDataProcessing`	$445.01M	USD	2 Qtrs
Technology and development	`ResearchAndDevelopmentExpense`	$609.25M	USD	1 Quarter
Technology and development	`ResearchAndDevelopmentExpense`	$320.67M	USD	1 Quarter
Technology and development	`ResearchAndDevelopmentExpense`	$1.18B	USD	2 Qtrs
Technology and development	`ResearchAndDevelopmentExpense`	$678.70M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$140.89M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$147.83M	USD	2 Qtrs
Sales and marketing	`SellingAndMarketingExpense`	$83.85M	USD	1 Quarter
Sales and marketing	`SellingAndMarketingExpense`	$341.10M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$883.75M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$507.75M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$258.99M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$470.17M	USD	1 Quarter
Restructuring	`RestructuringCharges`	$42.45M	USD	2 Qtrs
Restructuring	`RestructuringCharges`	$-1.03M	USD	1 Quarter
Restructuring	`RestructuringCharges`	$42.45M	USD	1 Quarter
Restructuring	`RestructuringCharges`	$143.45M	USD	2 Qtrs
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$4.41M	USD	2 Qtrs
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$-681.39M	USD	2 Qtrs
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$-422.76M	USD	1 Quarter
Other operating expense (income), net	`OtherOperatingIncomeExpenseNet`	$-10.81M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$3.57B	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.85B	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.68B	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$781.49M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-73.58M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-197.45M	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-1.04B	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.60B	USD	2 Qtrs
Interest expense	`InterestExpense`	$23.66M	USD	1 Quarter
Interest expense	`InterestExpense`	$21.67M	USD	1 Quarter
Interest expense	`InterestExpense`	$45.79M	USD	2 Qtrs
Interest expense	`InterestExpense`	$43.21M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$16.56M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-205.37M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-3.70M	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-172.52M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.24B	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-78.68M	USD	1 Quarter
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-244.36M	USD	2 Qtrs
Loss before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.85B	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$18.72M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-146.91M	USD	1 Quarter
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-68.06M	USD	2 Qtrs
Provision for (benefit from) income taxes	`IncomeTaxExpenseBenefit`	$-326.70M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-97.41M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.52B	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.09B	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-176.30M	USD	2 Qtrs
Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.09B	USD	1 Quarter
Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-176.30M	USD	2 Qtrs
Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-97.41M	USD	1 Quarter
Basic	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.52B	USD	2 Qtrs
Diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-97.60M	USD	1 Quarter
Diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-176.50M	USD	2 Qtrs
Diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-1.10B	USD	1 Quarter
Diluted	`NetIncomeLossAvailableToCommonStockholdersDiluted`	$-1.53B	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-4.95	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.76	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$-0.42	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$-6.95	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-6.97	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.42	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-4.98	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.76	USD	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	234.61M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	220.99M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	219.24M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	233.06M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	234.64M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	221.03M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.09M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	219.29M	shares	2 Qtrs

Cash Flow Statement 170 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-97.41M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.52B	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.09B	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-176.30M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$73.61M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$78.19M	USD	2 Qtrs
Investment impairment expense	`EquityMethodInvestmentOtherThanTemporaryImpairment`	$8.23M	USD	2 Qtrs
Investment impairment expense	`EquityMethodInvestmentOtherThanTemporaryImpairment`	$69.29M	USD	2 Qtrs
Other impairment expense	`OtherAssetImpairmentCharges`	$7.95M	USD	2 Qtrs
Other impairment expense	`OtherAssetImpairmentCharges`	$8.11M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$743.64M	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$398.63M	USD	2 Qtrs
Restructuring stock-based compensation expense	`ShareBasedPaymentArrangementExpenseRestructuring`	$84.04M	USD	2 Qtrs
Restructuring stock-based compensation expense	`ShareBasedPaymentArrangementExpenseRestructuring`	-	USD	2 Qtrs
Provision for transaction losses and doubtful accounts	`ProvisionForDoubtfulAccounts`	$1.81M	USD	2 Qtrs
Provision for transaction losses and doubtful accounts	`ProvisionForDoubtfulAccounts`	$-9.02M	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-7.73M	USD	2 Qtrs
Loss on disposal of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-337.52M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-71.44M	USD	2 Qtrs
Unrealized loss on foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-16.43M	USD	2 Qtrs
Unrealized loss on foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-115.07M	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseNonCashExpenses`	$14.45M	USD	2 Qtrs
Non-cash lease expense	`OperatingLeaseNonCashExpenses`	$34.17M	USD	2 Qtrs
Change in fair value of contingent consideration	`AssetAcquisitionFairValueAdjustmentOfContingentConsideration`	$262.00K	USD	2 Qtrs
Change in fair value of contingent consideration	`AssetAcquisitionFairValueAdjustmentOfContingentConsideration`	$8.22M	USD	2 Qtrs
Loss on investments	`GainLossOnInvestments`	$-23.00K	USD	2 Qtrs
Loss on investments	`GainLossOnInvestments`	$-1.83M	USD	2 Qtrs
Fair value (gain) loss on derivatives	`AssetAndLiabilitiesFairValueAdjustmentOfDerivatives`	$952.00K	USD	2 Qtrs
Fair value (gain) loss on derivatives	`AssetAndLiabilitiesFairValueAdjustmentOfDerivatives`	$-13.93M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfDebtIssuanceCostsAndDiscountsIncludingShortTermBorrowings`	$4.40M	USD	2 Qtrs
Amortization of debt discount and issuance costs	`AmortizationOfDebtIssuanceCostsAndDiscountsIncludingShortTermBorrowings`	$4.84M	USD	2 Qtrs
Gain on extinguishment of long-term debt, net	`GainsLossesOnExtinguishmentOfDebt`	-	USD	2 Qtrs
Gain on extinguishment of long-term debt, net	`GainsLossesOnExtinguishmentOfDebt`	$17.86M	USD	2 Qtrs
Gain on extinguishment of long-term debt, net	`GainsLossesOnExtinguishmentOfDebt`	$17.90M	USD	1 Quarter
Realized loss on crypto futures contract	`GainLossOnIndefiniteLivedCryptoFutureContracts`	$-43.34M	USD	2 Qtrs
Realized loss on crypto futures contract	`GainLossOnIndefiniteLivedCryptoFutureContracts`	-	USD	2 Qtrs
Crypto asset impairment expense	`CryptoAssetImpairmentCharges`	$663.16M	USD	2 Qtrs
Crypto asset impairment expense	`CryptoAssetImpairmentCharges`	$25.40M	USD	1 Quarter
Crypto asset impairment expense	`CryptoAssetImpairmentCharges`	$435.20M	USD	1 Quarter
Crypto asset impairment expense	`CryptoAssetImpairmentCharges`	$54.33M	USD	2 Qtrs
Crypto assets received as revenue	`IndefiniteLivedCryptoAssetsReceivedAsRevenue`	$211.92M	USD	2 Qtrs
Crypto assets received as revenue	`IndefiniteLivedCryptoAssetsReceivedAsRevenue`	$290.21M	USD	2 Qtrs
Crypto asset payments for expenses	`PaymentsForIndefiniteLivedIntangibleCryptoAssetExpense`	$265.82M	USD	2 Qtrs
Crypto asset payments for expenses	`PaymentsForIndefiniteLivedIntangibleCryptoAssetExpense`	$135.00M	USD	2 Qtrs
Realized gain on crypto assets	`GainLossOnIndefiniteLivedCryptoAssets`	$19.12M	USD	2 Qtrs
Realized gain on crypto assets	`GainLossOnIndefiniteLivedCryptoAssets`	$95.39M	USD	2 Qtrs
USDC	`IncreaseDecreaseInCryptoCurrency`	$287.98M	USD	2 Qtrs
USDC	`IncreaseDecreaseInCryptoCurrency`	$-508.75M	USD	2 Qtrs
Accounts and loans receivable	`IncreaseDecreaseInReceivables`	$36.58M	USD	2 Qtrs
Accounts and loans receivable	`IncreaseDecreaseInReceivables`	$-7.36M	USD	2 Qtrs
Deposits in transit	`IncreaseDecreaseInDepositOtherAssets`	$88.68M	USD	2 Qtrs
Deposits in transit	`IncreaseDecreaseInDepositOtherAssets`	$-36.33M	USD	2 Qtrs
Income taxes, net	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$-7.01M	USD	2 Qtrs
Income taxes, net	`IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable`	$4.06M	USD	2 Qtrs
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$663.00K	USD	2 Qtrs
Other current and non-current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-31.00M	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$659.00K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-28.50M	USD	2 Qtrs
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-4.03M	USD	2 Qtrs
Lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-32.36M	USD	2 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-19.78M	USD	2 Qtrs
Other current and non-current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$28.59M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$614.20M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-442.49M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$3.74M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$379.00K	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	2 Qtrs
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$103.00K	USD	2 Qtrs
Capitalized internal-use software development costs	`PaymentsToDevelopSoftware`	$32.09M	USD	2 Qtrs
Capitalized internal-use software development costs	`PaymentsToDevelopSoftware`	$30.59M	USD	2 Qtrs
Business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$186.15M	USD	2 Qtrs
Business combinations, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$30.73M	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$46.90M	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$4.81M	USD	2 Qtrs
Proceeds from settlement of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$1.13M	USD	2 Qtrs
Proceeds from settlement of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$1.50M	USD	2 Qtrs
Loans originated	`PaymentsToIssueRetailLoans`	$144.28M	USD	2 Qtrs
Loans originated	`PaymentsToIssueRetailLoans`	$166.65M	USD	2 Qtrs
Proceeds from repayment of loans	`ProceedsFromCollectionOfRetailLoans`	$109.63M	USD	2 Qtrs
Proceeds from repayment of loans	`ProceedsFromCollectionOfRetailLoans`	$259.10M	USD	2 Qtrs
Assets pledged as collateral	`PaymentsForAssetsPledgedAsCollateral`	-	USD	2 Qtrs
Assets pledged as collateral	`PaymentsForAssetsPledgedAsCollateral`	$839.00K	USD	2 Qtrs
Assets pledged as collateral returned	`ProceedsFromAssetsPledgedAsCollateral`	-	USD	2 Qtrs
Assets pledged as collateral returned	`ProceedsFromAssetsPledgedAsCollateral`	$42.38M	USD	2 Qtrs
Settlement of crypto futures contract	`PaymentsToSettleCryptoHedgeDerivatives`	-	USD	2 Qtrs
Settlement of crypto futures contract	`PaymentsToSettleCryptoHedgeDerivatives`	$43.34M	USD	2 Qtrs
Purchase of crypto assets held	`PaymentsToAcquireIndefiniteLivedIntangibleCryptoAssets`	$99.06M	USD	2 Qtrs
Purchase of crypto assets held	`PaymentsToAcquireIndefiniteLivedIntangibleCryptoAssets`	$1.20B	USD	2 Qtrs
Disposal of crypto assets held	`ProceedsFromDisposalOfIndefiniteLivedCryptoAssets`	$188.03M	USD	2 Qtrs
Disposal of crypto assets held	`ProceedsFromDisposalOfIndefiniteLivedCryptoAssets`	$761.23M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-618.62M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.75M	USD	2 Qtrs
Issuance of common stock upon exercise of stock options, net of repurchases	`ProceedsFromStockOptionsExercised`	$31.87M	USD	2 Qtrs
Issuance of common stock upon exercise of stock options, net of repurchases	`ProceedsFromStockOptionsExercised`	$16.65M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$213.13M	USD	2 Qtrs
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$115.39M	USD	2 Qtrs
Proceeds received under the ESPP	`ProceedsFromStockPlans`	$8.98M	USD	2 Qtrs
Proceeds received under the ESPP	`ProceedsFromStockPlans`	$12.03M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$3.68M	USD	2 Qtrs
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	2 Qtrs
Customer custodial cash liabilities	`IncreaseDecreaseInDeposits`	$-3.42B	USD	2 Qtrs
Customer custodial cash liabilities	`IncreaseDecreaseInDeposits`	$-987.96M	USD	2 Qtrs
Repurchases of 2026 Convertible Notes	`RepaymentsOfConvertibleDebt`	$45.47M	USD	2 Qtrs
Repurchases of 2026 Convertible Notes	`RepaymentsOfConvertibleDebt`	$45.50M	USD	Point-in-time
Repurchases of 2026 Convertible Notes	`RepaymentsOfConvertibleDebt`	-	USD	2 Qtrs
Assets received as collateral	`ProceedsFromAssetsReceivedAsCollateral`	-	USD	2 Qtrs
Assets received as collateral	`ProceedsFromAssetsReceivedAsCollateral`	$5.17M	USD	2 Qtrs
Assets received as collateral returned	`PaymentsForCollateralAssetsReturned`	$3.77M	USD	2 Qtrs
Assets received as collateral returned	`PaymentsForCollateralAssetsReturned`	-	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromIssuanceOfLoansFinancingActivities`	$31.64M	USD	2 Qtrs
Proceeds from short-term borrowings	`ProceedsFromIssuanceOfLoansFinancingActivities`	$149.40M	USD	2 Qtrs
Repayments of short-term borrowings	`RepaymentsOfShortTermDebt`	$170.00M	USD	2 Qtrs
Repayments of short-term borrowings	`RepaymentsOfShortTermDebt`	$52.12M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.14B	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.61B	USD	2 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-540.82M	USD	2 Qtrs
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-4.67B	USD	2 Qtrs
Effect of exchange rates on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-4.37M	USD	2 Qtrs
Effect of exchange rates on cash, cash equivalents, and restricted cash	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-119.93M	USD	2 Qtrs
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.88B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.43B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.89B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.68B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.88B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.43B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.89B	USD	Point-in-time
Cash, cash equivalents, and restricted cash, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.68B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.68B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.43B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$5.17B	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$28.96M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$25.87M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$20.70M	USD	Point-in-time
Customer custodial funds	`ClientCustodialCashExcludingInTransitFundsReclassedCurrent`	$3.70B	USD	Point-in-time
Customer custodial funds	`ClientCustodialCashExcludingInTransitFundsReclassedCurrent`	$7.18B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.88B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.43B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$12.89B	USD	Point-in-time
Total cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$17.68B	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$43.63M	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaidNet`	$38.68M	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$10.00M	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	$10.67M	USD	2 Qtrs
Operating cash outflows for amounts included in the measurement of operating lease liabilities	`CapitalLeaseObligationsIncurred`	$7.56M	USD	2 Qtrs
Operating cash outflows for amounts included in the measurement of operating lease liabilities	`CapitalLeaseObligationsIncurred`	$7.02M	USD	2 Qtrs
Unsettled purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	2 Qtrs
Unsettled purchases of property and equipment	`CapitalExpendituresIncurredButNotYetPaid`	$283.00K	USD	2 Qtrs
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$3.24M	USD	2 Qtrs
Right-of-use assets obtained in exchange for operating lease obligations	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$135.00K	USD	2 Qtrs
Non-cash consideration paid for business combinations	`NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsideration`	$51.49M	USD	2 Qtrs
Non-cash consideration paid for business combinations	`NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsideration`	$324.93M	USD	2 Qtrs
Purchase of crypto assets and investments with non-cash consideration	`NoncashOrPartNoncashAcquisitionIndefiniteLivedCryptoAssetsAndInvestments`	$17.10M	USD	2 Qtrs
Purchase of crypto assets and investments with non-cash consideration	`NoncashOrPartNoncashAcquisitionIndefiniteLivedCryptoAssetsAndInvestments`	$9.33M	USD	2 Qtrs
Disposal of crypto assets for non-cash consideration	`NoncashOrPartNoncashCryptoAssetsDisposed`	-	USD	2 Qtrs
Disposal of crypto assets for non-cash consideration	`NoncashOrPartNoncashCryptoAssetsDisposed`	$7.28M	USD	2 Qtrs
Crypto assets borrowed	`NoncashOrPartNoncashCryptoAssetsBorrowed`	$505.18M	USD	2 Qtrs
Crypto assets borrowed	`NoncashOrPartNoncashCryptoAssetsBorrowed`	$272.59M	USD	2 Qtrs
Crypto assets borrowed repaid with crypto assets	`NoncashOrPartNoncashCryptoAssetsBorrowedAndRepaid`	$304.43M	USD	2 Qtrs
Crypto assets borrowed repaid with crypto assets	`NoncashOrPartNoncashCryptoAssetsBorrowedAndRepaid`	$935.79M	USD	2 Qtrs
Realized gain on crypto assets held as investments	`NoncashOrPartNoncashRealizedGainOnIndefiniteLivedCryptoAssetsHeldAsInvestments`	$48.49M	USD	2 Qtrs
Realized gain on crypto assets held as investments	`NoncashOrPartNoncashRealizedGainOnIndefiniteLivedCryptoAssetsHeldAsInvestments`	-	USD	2 Qtrs
Non-cash assets pledged as collateral	`NoncashOrPartNoncashAssetsPledgedAsCollateral`	$63.46M	USD	2 Qtrs
Non-cash assets pledged as collateral	`NoncashOrPartNoncashAssetsPledgedAsCollateral`	-	USD	2 Qtrs
Non-cash assets pledged as collateral returned	`NoncashOrPartNoncashPledgedCollateralAssetsReturned`	-	USD	2 Qtrs
Non-cash assets pledged as collateral returned	`NoncashOrPartNoncashPledgedCollateralAssetsReturned`	$42.51M	USD	2 Qtrs
Non-cash assets received as collateral	`NoncashOrPartNoncashAssetsReceivedAsCollateral`	$59.52M	USD	2 Qtrs
Non-cash assets received as collateral	`NoncashOrPartNoncashAssetsReceivedAsCollateral`	-	USD	2 Qtrs
Non-cash assets received as collateral returned	`NoncashOrPartNoncashCollateralAssetsReceivedReturned`	-	USD	2 Qtrs
Non-cash assets received as collateral returned	`NoncashOrPartNoncashCollateralAssetsReceivedReturned`	$86.39M	USD	2 Qtrs

Stockholders Equity 42 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquity`	$6.38B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.75B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.67B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$6.50B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.45B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$5.81B	USD	Point-in-time
Issuance of common stock upon exercise of stock options, net of repurchases (in shares)	`StockIssuedDuringPeriodSharesStockOptionsExercised`	1.20M	shares	2 Qtrs
Issuance of common stock upon exercise of stock options, net of repurchases	`StockIssuedDuringPeriodValueStockOptionsExercised`	$34.94M	USD	2 Qtrs
Issuance of common stock upon exercise of stock options, net of repurchases	`StockIssuedDuringPeriodValueStockOptionsExercised`	$8.44M	USD	1 Quarter
Issuance of common stock upon exercise of stock options, net of repurchases	`StockIssuedDuringPeriodValueStockOptionsExercised`	$18.00M	USD	2 Qtrs
Issuance of common stock upon exercise of stock options, net of repurchases	`StockIssuedDuringPeriodValueStockOptionsExercised`	$16.45M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$427.61M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$214.62M	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$815.09M	USD	2 Qtrs
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$461.56M	USD	1 Quarter
Issuance of equity instruments as consideration for business combination	`StockIssuedDuringPeriodValueAcquisitions`	$314.36M	USD	2 Qtrs
Issuance of equity instruments as consideration for business combination	`StockIssuedDuringPeriodValueAcquisitions`	$44.99M	USD	2 Qtrs
Issuance of common stock upon settlement of RSUs and restricted common stock, net of shares withheld	`StockIssuedDuringPeriodValueRestrictedStockUnitNetOfSharesWithheld`	$-213.13M	USD	2 Qtrs
Issuance of common stock upon settlement of RSUs and restricted common stock, net of shares withheld	`StockIssuedDuringPeriodValueRestrictedStockUnitNetOfSharesWithheld`	$-115.39M	USD	2 Qtrs
Issuance of common stock upon settlement of RSUs and restricted common stock, net of shares withheld	`StockIssuedDuringPeriodValueRestrictedStockUnitNetOfSharesWithheld`	$-71.30M	USD	1 Quarter
Issuance of common stock upon settlement of RSUs and restricted common stock, net of shares withheld	`StockIssuedDuringPeriodValueRestrictedStockUnitNetOfSharesWithheld`	$-52.90M	USD	1 Quarter
Issuance of common stock under the Employee Stock Purchase Plan (the ESPP)	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$14.86M	USD	1 Quarter
Issuance of common stock under the Employee Stock Purchase Plan (the ESPP)	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$14.86M	USD	2 Qtrs
Issuance of common stock under the Employee Stock Purchase Plan (the ESPP)	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$12.38M	USD	2 Qtrs
Issuance of common stock under the Employee Stock Purchase Plan (the ESPP)	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$12.38M	USD	1 Quarter
Stock-based compensation expense recognized in relation to restructuring	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition`	$84.04M	USD	2 Qtrs
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$3.68M	USD	2 Qtrs
Other	`AdjustmentsToAdditionalPaidInCapitalOther`	$3.68M	USD	1 Quarter
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-14.79M	USD	2 Qtrs
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-14.29M	USD	1 Quarter
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-5.38M	USD	1 Quarter
Comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.81M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-97.41M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.52B	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.09B	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-176.30M	USD	2 Qtrs
Ending balance	`StockholdersEquity`	$6.38B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.75B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.67B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$6.50B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.45B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$5.81B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-97.41M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.52B	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-1.09B	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-176.30M	USD	2 Qtrs
Translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.79M	USD	2 Qtrs
Translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-14.29M	USD	1 Quarter
Translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.38M	USD	1 Quarter
Translation adjustment, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.81M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.11B	USD	1 Quarter
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-171.49M	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-1.54B	USD	2 Qtrs
Comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-102.79M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.