Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
revenue: | |||||||||||||||||||
net revenue | 1,792,984,000 | 1,420,096,000 | 1,960,319,000 | 2,197,030,000 | 1,128,597,000 | 1,379,942,000 | 1,587,677,000 | 904,638,000 | 623,004,000 | 662,500,000 | 736,398,000 | 604,946,000 | 576,375,000 | 802,603,000 | 1,164,891,000 | 2,490,026,000 | 1,234,736,000 | 2,033,011,000 | 1,596,981,000 |
other revenue | 75,709,000 | 77,112,000 | 73,976,000 | 74,607,000 | 76,596,000 | 69,686,000 | 49,893,000 | 49,157,000 | 51,144,000 | 45,411,000 | 36,131,000 | 24,162,000 | 13,964,000 | 5,722,000 | 1,545,000 | 8,437,000 | 77,172,000 | 194,951,000 | 204,131,000 |
total revenue | 1,868,693,000 | 1,497,208,000 | 2,034,295,000 | 2,271,637,000 | 1,205,193,000 | 1,449,628,000 | 1,637,570,000 | 953,795,000 | 674,148,000 | 707,911,000 | 772,529,000 | 629,108,000 | 590,339,000 | 808,325,000 | 1,166,436,000 | 2,498,463,000 | 1,311,908,000 | 2,227,962,000 | 1,801,112,000 |
yoy | 55.05% | 3.28% | 24.23% | 138.17% | 78.77% | 104.78% | 111.98% | 51.61% | 14.20% | -12.42% | -33.77% | -74.82% | -55.00% | -63.72% | -35.24% | ||||
qoq | 24.81% | -26.40% | -10.45% | 88.49% | -16.86% | -11.48% | 71.69% | 41.48% | -4.77% | -8.36% | 22.80% | 6.57% | -26.97% | -30.70% | -53.31% | 90.44% | -41.12% | 23.70% | |
operating expenses: | |||||||||||||||||||
transaction expense | 253,318,000 | 245,261,000 | 303,026,000 | 317,042,000 | 171,781,000 | 191,477,000 | 217,407,000 | 125,559,000 | 90,577,000 | 108,200,000 | 96,369,000 | 82,991,000 | 101,876,000 | 167,187,000 | 277,826,000 | 501,181,000 | 197,251,000 | 335,426,000 | 234,066,000 |
technology and development | 430,585,000 | 387,322,000 | 355,368,000 | 368,691,000 | 377,440,000 | 364,258,000 | 357,863,000 | 323,087,000 | 322,756,000 | 320,667,000 | 358,031,000 | 590,103,000 | 556,338,000 | 609,249,000 | 570,664,000 | 459,611,000 | 356,264,000 | 291,461,000 | 184,225,000 |
sales and marketing | 260,272,000 | 236,245,000 | 247,283,000 | 225,827,000 | 164,770,000 | 165,262,000 | 98,585,000 | 106,305,000 | 78,178,000 | 83,853,000 | 63,976,000 | 93,103,000 | 75,888,000 | 140,894,000 | 200,204,000 | 244,572,000 | 105,395,000 | 195,733,000 | 117,990,000 |
general and administrative | 418,446,000 | 353,707,000 | 394,346,000 | 362,519,000 | 330,387,000 | 320,115,000 | 287,236,000 | 280,929,000 | 252,630,000 | 258,988,000 | 248,761,000 | 377,682,000 | 339,157,000 | 470,169,000 | 413,578,000 | 297,324,000 | 242,642,000 | 248,195,000 | 121,231,000 |
gains on crypto assets held for operations | -35,740,000 | -16,241,000 | -142,000 | -86,358,000 | |||||||||||||||
other operating income | 61,280,000 | 308,025,000 | -5,899,000 | -20,270,000 | -8,556,000 | 34,383,000 | 2,376,000 | 54,066,000 | 3,512,000 | 10,813,000 | -15,222,000 | 40,619,000 | 74,796,000 | 422,762,000 | 258,627,000 | 73,451,000 | 118,548,000 | 282,422,000 | 155,887,000 |
total operating expenses | 1,388,161,000 | 1,521,858,000 | 1,328,489,000 | 1,237,568,000 | 1,035,680,000 | 1,106,511,000 | 877,109,000 | 838,182,000 | 753,973,000 | 781,486,000 | 896,404,000 | 1,183,980,000 | 1,146,823,000 | 1,852,714,000 | 1,720,899,000 | 1,576,139,000 | 1,020,100,000 | 1,353,237,000 | 813,399,000 |
operating income | 480,532,000 | -24,650,000 | 705,806,000 | 1,034,069,000 | 169,513,000 | 343,117,000 | 760,461,000 | 115,613,000 | -79,825,000 | -73,575,000 | -123,875,000 | -554,872,000 | -556,484,000 | -1,044,389,000 | -554,463,000 | 922,324,000 | 291,808,000 | 874,725,000 | 987,713,000 |
yoy | 183.48% | -107.18% | -7.19% | 794.42% | -312.36% | -566.35% | -713.89% | -120.84% | -85.66% | -92.96% | -77.66% | -160.16% | -290.70% | -219.40% | -156.14% | ||||
qoq | -2049.42% | -103.49% | -31.74% | 510.02% | -50.60% | -54.88% | 557.76% | -244.83% | 8.49% | -40.61% | -77.68% | -0.29% | -46.72% | 88.36% | -160.12% | 216.07% | -66.64% | -11.44% | |
operating margin % | 25.71% | -1.65% | 34.70% | 45.52% | 14.07% | 23.67% | 46.44% | 12.12% | -11.84% | -10.39% | -16.03% | -88.20% | -94.27% | -129.20% | -47.53% | 36.92% | 22.24% | 39.26% | 54.84% |
interest expense | 21,774,000 | 20,535,000 | 20,511,000 | 20,537,000 | 20,530,000 | 20,507,000 | 19,071,000 | 18,737,000 | 20,821,000 | 21,672,000 | 21,536,000 | 21,600,000 | 21,507,000 | 23,656,000 | 22,138,000 | ||||
(gains) losses on crypto assets held for investment | -423,903,000 | -362,053,000 | |||||||||||||||||
other income | 380,518,000 | -1,506,905,000 | 6,188,000 | -7,191,000 | -40,105,000 | 63,827,000 | -45,605,000 | -35,977,000 | -135,307,000 | -16,564,000 | 20,265,000 | -5,594,000 | 65,699,000 | 172,524,000 | 32,844,000 | 31,784,000 | 20,948,000 | 5,844,000 | -8,953,000 |
income before income taxes | 502,143,000 | 1,823,773,000 | 82,456,000 | 1,496,876,000 | 68,581,000 | -60,237,000 | 1,437,424,000 | 132,853,000 | 34,661,000 | -78,683,000 | -165,676,000 | -570,878,000 | -643,690,000 | -1,240,569,000 | -609,445,000 | ||||
benefit from income taxes | 69,591,000 | 394,873,000 | 16,848,000 | 261,179,000 | -140,584,000 | 36,926,000 | 18,722,000 | -86,780,000 | -106,439,000 | -99,055,000 | -146,915,000 | 225,203,000 | |||||||
net income | 432,552,000 | 1,428,900,000 | 65,608,000 | 1,291,176,000 | 75,495,000 | 36,150,000 | 1,176,245,000 | 273,437,000 | -2,265,000 | -97,405,000 | -78,896,000 | -557,001,000 | -544,635,000 | -1,093,654,000 | -429,659,000 | 840,208,000 | 406,100,000 | 1,606,349,000 | 771,463,000 |
yoy | 472.95% | 3852.70% | -94.42% | 372.20% | -3433.11% | -137.11% | -1590.88% | -149.09% | -99.58% | -91.09% | -81.64% | -166.29% | -234.11% | -168.08% | -155.69% | ||||
qoq | -69.73% | 2077.94% | -94.92% | 1610.28% | 108.84% | -96.93% | 330.17% | -12172.27% | -97.67% | 23.46% | -85.84% | 2.27% | -50.20% | 154.54% | -151.14% | 106.90% | -74.72% | 108.22% | |
net income margin % | 23.15% | 95.44% | 3.23% | 56.84% | 6.26% | 2.49% | 71.83% | 28.67% | -0.34% | -13.76% | -10.21% | -88.54% | -92.26% | -135.30% | -36.84% | 33.63% | 30.95% | 72.10% | 42.83% |
net income attributable to common stockholders: | |||||||||||||||||||
basic | 432,552,000 | 1,428,900,000 | 65,608,000 | 1,290,649,000 | 75,455,000 | 36,127,000 | 1,175,479,000 | 273,318,000 | -2,265,000 | -97,405,000 | -78,896,000 | -557,001,000 | -544,635,000 | -1,093,654,000 | -429,659,000 | 855,168,000 | 402,343,000 | 1,589,713,000 | 301,896,000 |
diluted | 437,095,000 | 1,432,511,000 | 65,608,000 | 1,294,299,000 | 75,459,000 | 36,128,000 | 1,178,079,000 | 273,317,000 | -2,265,000 | -97,601,000 | -78,896,000 | -557,836,000 | -544,635,000 | -1,099,838,000 | -429,659,000 | 851,997,000 | 405,340,000 | 1,593,150,000 | 387,719,000 |
net income per share | |||||||||||||||||||
basic | 1.65 | 5.6 | 0.26 | 5.19 | 0.3 | 0.15 | 4.84 | 1.16 | -0.01 | -0.42 | -0.34 | -2.44 | -2.43 | -4.95 | -1.98 | 3.89 | 1.92 | 7.77 | 3.8 |
diluted | 1.5 | 5.14 | 0.24 | 4.72 | 0.28 | 0.14 | 4.4 | 1.13 | -0.01 | -0.42 | -0.34 | -2.44 | -2.43 | -4.98 | -1.98 | 3.31 | 1.62 | 6.42 | 3.05 |
weighted-average shares of common stock used to compute net income per share: | |||||||||||||||||||
basic | 262,831 | 255,188 | 253,878 | 247,374 | 248,834 | 246,298 | 242,793 | 235,796 | 237,270 | 234,614 | 231,489 | 222,314 | 223,916 | 220,988 | 217,472 | 177,319 | 209,604 | 204,728 | 79,373 |
diluted | 291,958 | 278,913 | 271,251 | 273,377 | 267,440 | 266,831 | 267,945 | 254,391 | 237,270 | 234,641 | 231,489 | 222,338 | 223,916 | 221,034 | 217,472 | 219,965 | 250,536 | 248,147 | 126,996 |
(gains) losses on crypto assets held for operations | -8,702,000 | ||||||||||||||||||
losses (gains) on crypto assets held for operations | 34,365,000 | 31,016,000 | |||||||||||||||||
losses (gains) on crypto assets held for investment | 596,651,000 | -52,725,500 | 120,507,000 | 319,020,000 | |||||||||||||||
crypto asset impairment | -51,764,000 | 7,180,000 | |||||||||||||||||
restructuring | -860,000 | -1,035,000 | 144,489,000 | -518,000 | -1,232,000 | 42,453,000 | |||||||||||||
(benefit from) benefit from income taxes | 39,469,500 | -6,914,000 | -96,387,000 | -179,786,000 | 50,332,000 | -135,240,000 | -737,468,000 | ||||||||||||
weighted-average shares of common stock used to compute net income per share attributable to common stockholders: | |||||||||||||||||||
basic | 262,831 | 255,188 | 253,878 | 247,374 | 248,834 | 246,298 | 242,793 | 235,796 | 237,270 | 234,614 | 231,489 | 222,314 | 223,916 | 220,988 | 217,472 | 177,319 | 209,604 | 204,728 | 79,373 |
diluted | 291,958 | 278,913 | 271,251 | 273,377 | 267,440 | 266,831 | 267,945 | 254,391 | 237,270 | 234,641 | 231,489 | 222,338 | 223,916 | 221,034 | 217,472 | 219,965 | 250,536 | 248,147 | 126,996 |
gains on crypto assets held for investment | -650,429,000 | ||||||||||||||||||
income before benefit from income taxes | 534,101,750 | 270,860,000 | 868,881,000 | 996,666,000 |
The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.
