7Baggers

Marqeta Inc
(NASDAQ:MQ) 

MQ stock logo

Instantly issue cards and process card payments with our open API platform. Learn how Marqeta's modern card issuing platform empowers businesses and ...

Founded: 2010
IPO Price: $27 (Jun 09, 2021)
Full Time Employees: 958 (Dec 2022)
CEO / Founder: Jason Gardner 
Sector: Technology
Industry: Software & Tech Services
Payment ServiceTechnology
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• Market Cap:
• Exchange:
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 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 
                        
      net revenue
    		165,798,000 172,113,000 163,306,000 150,392,000 139,073,000 135,790,000 127,967,000 125,270,000 117,968,000 118,822,000 108,891,000 231,115,000 217,343,000 203,805,000 191,621,000 186,678,000 166,102,000 155,414,000 131,512,000 122,266,000 
      yoy
    		19.22% 26.75% 27.62% 20.05% 17.89% 14.28% 17.52% -45.80% -45.72% -41.70% -43.17% 23.80% 30.85% 31.14% 45.71% 52.68%     
      qoq
    		-3.67% 5.39% 8.59% 8.14% 2.42% 6.11% 2.15% 6.19% -0.72% 9.12% -52.88% 6.34% 6.64% 6.36% 2.65% 12.39% 6.88% 18.17% 7.56%  
      costs of revenue
    		48,206,000 52,138,000 48,749,000 46,331,000 40,394,000 37,587,000 37,835,000 45,917,000 33,807,000 35,589,000 36,383,000 146,506,000 128,179,000 116,681,000 111,519,000 108,629,000 91,376,000 79,615,000 72,438,000 75,291,000 
      gross profit
    		117,592,000 119,975,000 114,557,000 104,061,000 98,679,000 98,203,000 90,132,000 79,353,000 84,161,000 83,233,000 72,508,000 84,609,000 89,164,000 87,124,000 80,102,000 78,049,000 74,726,000 75,799,000 59,074,000 46,975,000 
      yoy
    		19.17% 22.17% 27.10% 31.14% 17.25% 17.99% 24.31% -6.21% -5.61% -4.47% -9.48% 8.40% 19.32% 14.94% 35.60% 66.15%     
      qoq
    		-1.99% 4.73% 10.09% 5.45% 0.48% 8.95% 13.58% -5.71% 1.11% 14.79% -14.30% -5.11% 2.34% 8.77% 2.63% 4.45% -1.42% 28.31% 25.76%  
      gross margin %
    		70.92% 69.71% 70.15% 69.19% 70.95% 72.32% 70.43% 63.35% 71.34% 70.05% 66.59% 36.61% 41.02% 42.75% 41.80% 41.81% 44.99% 48.77% 44.92% 38.42% 
      operating expenses:
    		                    
      compensation and benefits
    		78,018,000 88,089,000 84,871,000 81,409,000 86,050,000 98,475,000 100,964,000 103,166,000 108,111,000 109,202,000 115,846,000 126,788,000 147,759,000 110,991,000 105,887,000 97,868,000 100,348,000 96,854,000 81,219,000 95,204,000 
      technology
    		18,090,000 17,150,000 16,942,000 16,102,000 14,811,000 15,855,000 16,317,000 14,769,000 13,118,000 13,938,000 13,930,000 13,154,000 14,590,000 14,401,000 13,422,000 13,154,000 11,384,000 11,143,000 9,299,000 7,569,000 
      depreciation and amortization
    		8,854,000 8,160,000 7,019,000 6,653,000 5,331,000 5,519,000 4,448,000 3,956,000 3,537,000 3,159,000 3,108,000 2,494,000 1,980,000 1,019,000 935,000 921,000 979,000 967,000 786,000 874,000 
      professional services
    		4,631,000 6,447,000 5,518,000 4,219,000 5,695,000 6,620,000 4,759,000 4,808,000 3,870,000 7,172,000 4,197,000 4,873,000 5,437,000 6,295,000 6,620,000 5,794,000 4,770,000 -2,147,000 7,947,000 6,382,000 
      occupancy
    		1,179,000 948,000 1,058,000 843,000 917,000 2,519,000 1,178,000 1,204,000 1,094,000 1,076,000 1,074,000 1,057,000 1,154,000 1,126,000 1,125,000 1,148,000 1,115,000 1,097,000 1,091,000 907,000 
      marketing and advertising
    		1,160,000 2,998,000 895,000 711,000 469,000 1,298,000 582,000 728,000 378,000 1,218,000 346,000 561,000 441,000 1,862,000 688,000 886,000 559,000 804,000 490,000 495,000 
      other operating expenses
    		3,566,000 4,477,000 8,624,000 3,352,000 3,944,000 5,342,000 4,115,000 3,418,000 3,905,000 3,804,000 3,833,000 5,103,000 5,236,000 5,753,000 10,921,000 4,995,000 4,843,000 4,811,000 3,880,000 3,530,000 
      total operating expenses
    		115,498,000 128,269,000 124,927,000 113,289,000 117,217,000 135,628,000 132,363,000 -25,689,000 134,013,000 139,569,000 142,334,000 154,030,000 176,597,000 141,447,000 139,598,000 124,766,000 123,998,000 113,529,000 104,712,000 114,961,000 
      income from operations
    		2,094,000 -8,294,000 -10,370,000 -9,228,000 -18,538,000 -37,425,000 -42,231,000 105,042,000 -49,852,000 -56,336,000 -69,826,000 -69,421,000 -87,433,000 -54,323,000 -59,496,000 -46,717,000 -49,272,000 -37,730,000 -45,638,000 -67,986,000 
      yoy
    		-111.30% -77.84% -75.44% -108.79% -62.81% -33.57% -39.52% -251.31% -42.98% 3.71% 17.36% 48.60% 77.45% 43.98% 30.37% -31.28%     
      qoq
    		-125.25% -20.02% 12.38% -50.22% -50.47% -11.38% -140.20% -310.71% -11.51% -19.32% 0.58% -20.60% 60.95% -8.69% 27.35% -5.19% 30.59% -17.33% -32.87%  
      operating margin %
    		1.26% -4.82% -6.35% -6.14% -13.33% -27.56% -33.00% 83.85% -42.26% -47.41% -64.12% -30.04% -40.23% -26.65% -31.05% -25.03% -29.66% -24.28% -34.70% -55.60% 
      other income
    		5,933,000 6,557,000 7,244,000 8,787,000 10,513,000 10,701,000 13,703,000 14,216,000 13,926,000 14,932,000 15,074,000 10,762,000 11,672,000 28,468,000 6,333,000 1,802,000 -11,677,000 142,000 -57,000 -481,000 
      income before income tax expense
    		8,027,000 -1,737,000 -3,126,000 -441,000 -8,025,000 -26,724,000 -28,528,000 119,258,000 -35,926,000 -41,404,000 -54,752,000 -58,659,000 -75,761,000 -25,855,000 -53,163,000 -44,915,000 -60,949,000 -37,588,000 -45,695,000 -68,467,000 
      income tax expense
    		193,000 -343,000 498,000 206,000 235,000 394,000 115,000 150,000 134,000 -1,646,000 238,000 138,000 -6,960,000 471,000 5,000 -227,000 -351,000 -499,000 -35,000 -87,000 
      net income
    		7,834,000 -1,394,000 -3,624,000 -647,000 -8,260,000 -27,118,000 -28,643,000 119,108,000 -36,060,000 -40,375,000 -54,990,000 -58,797,000 -68,801,000 -26,326,000 -53,168,000 -44,688,000 -60,598,000 -36,807,000 -45,730,000 -68,554,000 
      yoy
    		-194.84% -94.86% -87.35% -100.54% -77.09% -32.83% -47.91% -302.57% -47.59% 53.37% 3.43% 31.57% 13.54% -28.48% 16.27% -34.81%     
      qoq
    		-661.98% -61.53% 460.12% -92.17% -69.54% -5.32% -124.05% -430.31% -10.69% -26.58% -6.47% -14.54% 161.34% -50.49% 18.98% -26.25% 64.64% -19.51% -33.29%  
      net income margin %
    		4.73% -0.81% -2.22% -0.43% -5.94% -19.97% -22.38% 95.08% -30.57% -33.98% -50.50% -25.44% -31.66% -12.92% -27.75% -23.94% -36.48% -23.68% -34.77% -56.07% 
      other comprehensive income, net of taxes:
    		                    
      change in foreign currency translation adjustment
    		-1,646,000 130,000 1,490,000 320,000 126,000 -396,000 125,000 -85,000 -112,000 41,000 -200,000 100,000 19,000 122,000 -89,000 -181,000 -19,000    
      net change in unrealized loss on short-term investments
    		-173,000   -146,000 -88,000                
      net other comprehensive income
    		-1,819,000 112,000 1,499,000 174,000 38,000 -1,147,000 2,106,000 -449,000 -1,586,000 2,600,000 -362,000 1,707,000 4,054,000 3,336,000 -380,000 -2,077,000 -5,886,000    
      comprehensive income
    		6,015,000 -1,282,000 -2,125,000 -473,000 -8,222,000 -28,265,000 -26,537,000 118,659,000 -37,646,000 -37,775,000 -55,352,000 -57,090,000 -64,747,000 -22,990,000 -53,548,000 -46,765,000 -66,484,000    
      net income per share
    		        -0.07 -0.08 -0.1 -0.11 -0.13 -0.05 -0.1 -0.08 -0.11 -0.03 -0.08 -0.29 
      basic
    		0.02  -0.01  -0.02 -0.06 -0.06 0.23             
      diluted
    		0.02  -0.01  -0.02 -0.05 -0.06 0.23             
      weighted-average shares used for eps calculation
    		        517,987,361 532,540,175 529,488,986 538,267,449 539,744,130 545,397,254 548,990,212 544,704,146 542,565,992 362,756,466 538,896,513 234,669,664 
      basic
    		428,602 462,168 448,717 461,517 501,222 511,065 507,160 515,959             
      diluted
    		433,571 462,168 448,717 461,517 501,222 518,845 507,160 524,401             
      executive chairman long-term performance award
    		       -157,738,000             
      net change in unrealized gain on short-term investments
    		 -18,000 9,000   -751,000 1,981,000 -364,000 -1,474,000 2,559,000 -162,000 1,607,000         
      operating expenses
    		                    
      net income per share
    		        -0.07 -0.08 -0.1 -0.11 -0.13 -0.05 -0.1 -0.08 -0.11 -0.03 -0.08 -0.29 
      weighted-average shares used for eps calculation
    		        517,987,361 532,540,175 529,488,986 538,267,449 539,744,130 545,397,254 548,990,212 544,704,146 542,565,992 362,756,466 538,896,513 234,669,664 
      net change in unrealized gain on marketable securities
    		            4,035,000 -2,013,500 -291,000 -1,896,000     
      change in unrealized gain on marketable securities
    		                -5,867,000    
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-12-31 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 
                          
        assets
      		                    
        current assets:
      		                    
        cash and cash equivalents
      		674,790,000 709,443,000 747,248,000 732,722,000 830,897,000 923,016,000 886,417,000 924,730,000 970,357,000 980,972,000 947,749,000 950,157,000 1,050,414,000 1,183,846,000 1,204,857,000 1,220,273,000 1,197,257,000 1,247,581,000 1,260,220,000 1,579,287,000 
        restricted cash
      		280,398,000 307,593,000 234,519,000 7,606,000 8,500,000 8,500,000 8,500,000 8,500,000 8,500,000 8,500,000 7,800,000 9,375,000 7,800,000 7,800,000 7,800,000 7,800,000 7,800,000 7,800,000 7,800,000 7,800,000 
        short-term investments
      		37,267,000 62,483,000 83,212,000 88,865,000 157,540,000 179,409,000 217,569,000 228,833,000 228,324,000 268,724,000 349,395,000 432,354,000         
        accounts receivable
      		45,893,000 41,422,000 36,123,000 37,182,000 28,429,000 29,988,000 26,373,000 25,956,000 23,422,000 19,540,000 15,656,000 15,253,000 13,939,000 15,569,000 12,800,000 8,109,000 9,017,000 13,187,000 7,338,000 5,931,000 
        network incentives receivable
      		79,869,000 61,059,000 48,765,000 85,085,000 64,940,000 66,776,000 46,667,000 34,168,000 54,223,000 53,807,000 34,575,000 67,063,000 59,363,000 42,661,000 27,063,000 13,266,000 45,721,000 30,399,000 40,024,000 37,437,000 
        settlements receivable
      		32,455,000 18,037,000 15,616,000 14,973,000 14,408,000 16,203,000 11,817,000 27,765,000 36,511,000 29,922,000 19,505,000 10,515,000 11,260,000 18,028,000 10,350,000 10,433,000 9,093,000 11,266,000 15,451,000 9,598,000 
        prepaid expenses and other current assets
      		37,746,000 35,278,000 34,523,000 23,800,000 29,943,000 25,405,000 23,821,000 22,949,000 26,830,000 27,233,000 32,535,000 29,098,000 33,560,000 38,007,000 38,930,000 38,642,000 43,789,000 35,617,000 19,859,000 11,179,000 
        total current assets
      		1,188,418,000 1,235,315,000 1,200,006,000 990,233,000 1,134,657,000 1,249,297,000 1,221,164,000 1,272,901,000 1,348,167,000 1,388,698,000 1,407,215,000 1,513,815,000 1,585,011,000 1,746,769,000 1,742,932,000 1,743,396,000 1,759,723,000 1,798,725,000 1,759,646,000 1,756,285,000 
        property and equipment
      		63,919,000 59,910,000 56,527,000 50,238,000 42,580,000 37,523,000 35,791,000 33,011,000 28,138,000 18,764,000 17,022,000 14,330,000 10,662,000 7,440,000 8,030,000 8,643,000 9,120,000 9,687,000 10,191,000 10,104,000 
        operating lease right-of-use assets
      		7,506,000 8,275,000 6,932,000 5,154,000 2,177,000 2,712,000 4,894,000 5,653,000 5,814,000 6,488,000 7,145,000 7,784,000 8,408,000 9,015,000 9,607,000 10,185,000 10,748,000 11,296,000 11,832,000 12,353,000 
        intangible assets
      		48,406,000 51,388,000 53,643,000 26,845,000 28,310,000 29,774,000 31,238,000 32,702,000 34,167,000 35,631,000           
        goodwill
      		153,962,000 154,706,000 154,478,000 123,523,000 123,523,000 123,523,000 123,523,000 123,523,000 123,523,000 123,523,000 123,000,000 123,446,000 123,446,000        
        other assets
      		14,502,000 15,439,000 16,844,000 18,597,000 18,380,000 20,375,000 19,226,000 20,493,000 18,552,000 16,587,000 48,867,000 44,768,000 46,656,000 7,122,000 6,043,000 6,831,000 5,856,000 2,286,000 1,473,000 1,582,000 
        total assets
      		1,476,713,000 1,525,033,000 1,488,430,000 1,214,590,000 1,349,627,000 1,463,204,000 1,435,836,000 1,488,283,000 1,558,361,000 1,589,691,000 1,603,249,000 1,704,143,000 1,774,183,000 1,770,346,000 1,774,455,000 1,776,930,000 1,793,483,000 1,830,378,000 1,783,142,000 1,780,324,000 
        liabilities and stockholders’ equity
      		                    
        current liabilities:
      		                    
        accounts payable
      		789,000 1,847,000 1,520,000 3,440,000 1,550,000 527,000 1,026,000 3,685,000 916,000 1,420,000 1,707,000 2,818,000 2,981,000 3,798,000 2,741,000 901,000 1,698,000 2,693,000 2,717,000 2,301,000 
        revenue share payable
      		260,144,000 224,526,000 204,974,000 199,640,000 209,415,000 193,399,000 167,081,000 176,425,000 189,864,000 173,645,000 146,483,000 125,853,000 146,868,000 142,194,000 116,095,000 117,087,000 130,045,000 121,179,000 88,183,000 82,015,000 
        funds payable and amounts due to customers
      		280,298,000 306,891,000 233,913,000                  
        accrued expenses and other current liabilities
      		179,905,000 215,793,000 196,361,000 158,216,000 146,008,000 177,059,000 165,466,000 157,736,000 147,802,000 161,514,000 148,677,000 189,669,000 176,459,000 136,887,000 131,398,000 110,517,000 102,146,000 114,096,000 97,606,000 87,323,000 
        total current liabilities
      		721,136,000 749,057,000 636,768,000 361,296,000 356,973,000 370,985,000 333,573,000 337,846,000 338,582,000 336,579,000 296,867,000 318,340,000 326,308,000 282,879,000 250,234,000 228,505,000 233,889,000 237,968,000 188,506,000 171,639,000 
        operating lease liabilities, net of current portion
      		4,803,000 5,535,000 4,843,000 2,976,000 26,000 870,000 2,082,000 3,254,000 4,080,000 5,126,000 6,145,000 7,132,000 8,096,000 9,034,000 9,928,000 10,786,000 11,618,000 12,427,000 13,218,000 13,984,000 
        other liabilities
      		8,492,000 8,484,000 7,590,000 6,885,000 5,368,000 6,331,000 4,523,000 4,808,000 5,034,000 4,591,000 5,154,000 6,056,000 6,129,000 5,477,000 1,955,000 3,082,000 4,344,000 6,557,000 8,078,000 8,715,000 
        total liabilities
      		734,431,000 763,076,000 649,201,000 371,157,000 362,367,000 378,186,000 340,178,000 345,908,000 347,696,000 346,296,000 308,166,000 331,528,000 340,533,000 297,390,000 262,117,000 242,373,000 249,851,000 256,952,000 209,802,000 194,338,000 
        commitments and contingencies
      		                    
        stockholders’ equity:
      		                    
        preferred stock, 0.0001 par value...
      		                    
        common stock
      		43,000 43,000 45,000 45,000 48,000 50,000 50,000 51,000 52,000 52,000 53,000 52,000 53,000 53,000 54,000 54,000 54,000 54,000 54,000 54,000 
        additional paid-in capital
      		1,546,548,000 1,572,238,000 1,648,226,000 1,650,305,000 1,793,656,000 1,883,190,000 1,865,565,000 1,885,744,000 2,072,692,000 2,067,776,000 2,081,689,000 2,103,870,000 2,107,814,000 2,082,373,000 2,098,764,000 2,067,435,000 2,029,745,000 1,993,055,000 1,954,315,000 1,920,936,000 
        accumulated other comprehensive income
      		-310,000 1,509,000 1,397,000   -314,000 833,000 -1,273,000 -824,000 762,000        -2,230,000 -383,000 -88,000 
        accumulated deficit
      		-803,999,000 -811,833,000 -810,439,000 -806,815,000 -806,168,000 -797,908,000 -770,790,000 -742,147,000 -861,255,000 -825,195,000 -784,821,000 -729,831,000 -671,034,000 -602,233,000 -575,907,000 -522,739,000 -478,051,000 -417,453,000 -380,646,000 -334,916,000 
        total stockholders’ equity
      		742,282,000 761,957,000 839,229,000 843,433,000 987,260,000 1,085,018,000 1,095,658,000 1,142,375,000 1,210,665,000 1,243,395,000 1,295,083,000 1,372,615,000 1,433,650,000 1,472,956,000 1,512,338,000 1,534,557,000 1,543,632,000 1,573,426,000 1,573,340,000 1,585,986,000 
        total liabilities and stockholders’ equity
      		1,476,713,000 1,525,033,000 1,488,430,000 1,214,590,000 1,349,627,000 1,463,204,000 1,435,836,000 1,488,283,000 1,558,361,000 1,589,691,000 1,603,249,000 1,704,143,000 1,774,183,000 1,770,346,000 1,774,455,000 1,776,930,000 1,793,483,000    
        accumulated other comprehensive loss
      		   -102,000 -276,000      -1,838,000 -1,476,000 -3,183,000 -7,237,000 -10,573,000 -10,193,000 -8,116,000    
        marketable securities
      		            408,675,000 440,858,000 441,132,000 444,873,000 447,046,000 452,875,000 408,954,000 105,053,000 
        equity method investment
      		              7,843,000 7,875,000 8,036,000 8,384,000   
        liabilities, redeemable convertible preferred stock, and stockholders’ equity
      		                    
        redeemable convertible preferred stock
      		                    
        redeemable convertible preferred stock, 0.0001 par value...
      		                    
        stockholders’ equity
      		                    
        total liabilities, redeemable convertible preferred stock and stockholders’ equity
      		                 1,830,378,000 1,783,142,000 1,780,324,000 
                          
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-12-31 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 
                           
          cash flows from operating activities:
        		                   
          net income
        		7,834,000 -1,394,000 -3,624,000   -27,118,000 -28,643,000             
          adjustments to reconcile net income to net cash from operating activities:
        		                   
          depreciation and amortization
        		8,854,000 8,160,000 7,019,000 6,653,000 5,331,000 5,519,000 4,448,000 3,956,000 3,537,000 3,159,000 3,108,000 2,494,000 1,980,000 1,019,000 934,000 921,000 979,000 967,000 786,000 
          share-based compensation expense
        		20,017,000 26,099,000 25,704,000 27,070,000 25,915,000 33,304,000 35,654,000 23,170,000 44,434,000 45,027,000 45,548,000 44,165,000 45,999,000 45,081,000 43,509,000 35,148,000 37,005,000 36,767,000 38,965,000 
          non-cash operating leases expense
        		769,000 539,000 706,000 486,000 535,000 739,000 759,000 -416,000 674,000 657,000 639,000 624,000 607,000 592,000 578,000 563,000 548,000 536,000 521,000 
          accretion of discount on short-term investments
        		-34,000  -79,000 -216,000 -396,000               
          other
        		-671,000 -4,807,000 4,467,000 534,000 364,000 1,341,000 373,000 -226,000 181,000 -332,000 569,000 290,000 209,000 204,000 119,000 44,000 282,000 46,000 -10,000 
          changes in operating assets and liabilities:
        		                   
          accounts receivable
        		-4,631,000 -5,030,000 3,808,000 -8,954,000 1,312,000 -3,917,000 -593,000 -2,421,000 -4,271,000 -3,448,000 -1,171,000 -1,491,000 1,554,000 -2,848,000 -4,796,000 844,000 4,223,000 -5,914,000 -1,442,000 
          network incentives receivable
        		-18,810,000 -12,294,000 36,320,000 -20,145,000 1,836,000 -20,109,000 -12,499,000 20,055,000 -416,000 -19,232,000 32,488,000 -7,700,000 -16,702,000 -15,598,000 -13,797,000 32,455,000 -15,322,000 9,625,000 -2,587,000 
          settlements receivable
        		-14,418,000 -2,421,000 -643,000 -565,000 1,795,000 -4,386,000 15,948,000 8,746,000 -6,589,000 -10,417,000 -8,990,000 745,000 6,768,000 -7,678,000 83,000 -1,340,000 2,173,000 4,185,000 -5,853,000 
          prepaid expenses and other assets
        		-1,531,000 651,000 -7,021,000 6,821,000 -2,543,000 -2,733,000 717,000 1,940,000 538,000 140,000 -6,707,000 7,264,000 7,203,000 2,975,000 3,386,000 6,274,000 -21,256,000 -1,653,000 -6,443,000 
          accounts payable
        		-1,058,000 44,000 -3,038,000 1,890,000 1,023,000 2,924,000 -4,687,000 1,298,000 115,000 2,394,000 -1,111,000 -3,463,000 224,000 1,145,000 718,000 -808,000 -801,000 -92,000 300,000 
          revenue share payable
        		35,618,000 19,552,000 5,334,000 -9,775,000 16,016,000 26,318,000 -9,344,000 -13,439,000 16,219,000 27,162,000 20,630,000 -21,015,000 4,674,000 26,099,000 -992,000 -12,958,000 8,866,000 32,996,000 6,168,000 
          accrued expenses and other liabilities
        		-34,115,000 25,068,000 18,965,000 10,514,000 -31,837,000 14,567,000 7,029,000 9,536,000 -16,020,000 11,652,000 15,159,000 13,079,000 -24,907,000 9,113,000 20,131,000 6,950,000 -13,937,000 15,335,000 11,299,000 
          operating lease liabilities
        		-1,191,000 -781,000 -1,151,000 -1,119,000 -1,104,000 -1,112,000 -1,054,000 -137,000 -938,000 -895,000 -857,000 -833,000 -809,000 -789,000 -767,000 -743,000 -721,000 -625,000 -727,000 
          net cash from operating activities
        		-3,367,000 53,322,000 86,767,000 12,547,000 9,987,000 24,755,000 7,281,000 25,708,000 426,000 16,522,000 41,102,000 -25,974,000 -10,546,000 14,928,000 -3,951,000 22,816,000 -46,759,000 55,619,000 -4,460,000 
          capital expenditures
        		-9,077,000 -6,798,000 -8,263,000 -7,874,000 -7,325,000 -4,253,000 -4,295,000 -6,166,000 -6,498,000 -2,441,000 -3,147,000 -3,454,000 -3,609,000 -619,000 -832,000 -256,000 -612,000 -492,000 -1,155,000 
          free cash flows
        		-12,444,000 46,524,000 78,504,000 4,673,000 2,662,000 20,502,000 2,986,000 19,542,000 -6,072,000 14,081,000 37,955,000 -29,428,000 -14,155,000 14,309,000 -4,783,000 22,560,000 -47,371,000 55,127,000 -5,615,000 
          cash flows from investing activities:
        		                   
          maturities of short-term investments
        		25,134,000 20,725,000 9,242,000 68,732,000 22,186,000 38,000,000 14,000,000 0 40,000,000 64,500,000 141,034,000         
          capitalization of internal-use software
        		-7,798,000 -6,955,000 -7,872,000 -7,539,000 -6,059,000 -4,217,000 -4,106,000 -5,164,000 -5,307,000 -2,401,000 -3,093,000 -3,363,000 -3,032,000       
          purchases of property and equipment
        		-1,279,000 157,000 -391,000 -335,000 -1,266,000 -36,000 -189,000 -1,002,000 -1,191,000 -40,000 -54,000 -91,000 -577,000 -619,000 -832,000 -256,000 -612,000 -492,000 -1,155,000 
          net cash from investing activities
        		16,057,000 12,872,000 182,520,000 60,858,000 14,861,000 33,747,000 9,705,000 -6,166,000 33,502,000 81,912,000 79,129,000 -24,195,000 -98,330,000 27,778,000 1,907,000 -133,000 -834,000 -66,469,000 -305,599,000 
          cash flows from financing activities:
        		                   
          repurchase of common stock
        		-39,207,000 -96,578,000 -19,555,000 -163,923,000 -111,310,000 -16,707,000 -46,556,000 -57,487,000 -33,675,000 -58,901,000 -64,446,000 -45,247,000 -21,826,000 -65,434,000      
          change in funds payable and amounts due to customers
        		-26,593,000 72,993,000                  
          taxes paid related to net share settlement of restricted stock units
        		-8,789,000 -8,480,000 -12,606,000 -8,786,000 -7,101,000 -6,364,000 -8,756,000 -9,370,000 -10,917,000 -8,109,000 -8,483,000 -6,324,000 -3,746,000 -3,786,000 -2,996,000 -3,878,000 -4,702,000 -5,104,000 -8,175,000 
          proceeds from exercise of stock options, including early exercised stock options, net of repurchase of early exercised unvested options
        		51,000 33,000 50,000 136,000 1,444,000 82,000 13,000 59,000 49,000 1,208,000 1,782,000 1,283,000 1,016,000 3,516,000 2,326,000 1,436,000 1,971,000   
          net cash from financing activities
        		-74,538,000 -30,925,000 -27,848,000 -171,579,000 -116,967,000 -21,903,000 -55,299,000 -65,169,000 -44,543,000 -64,511,000 -124,214,000 -48,513,000 -24,556,000 -63,717,000 -13,372,000 333,000 -2,731,000 -1,789,000 -9,008,000 
          net decrease in cash, cash equivalents, and restricted cash
        		-61,848,000   -98,174,000 -92,119,000  -38,313,000 -45,627,000 -10,615,000  -3,983,000 -98,682,000 -133,432,000       
          cash, cash equivalents, and restricted cash- beginning of period
        		1,017,931,000  0 0 931,516,000  0 0 989,472,000  0 0 1,191,646,000  0 0 1,255,381,000 0 0 
          cash, cash equivalents, and restricted cash - end of period
        		956,083,000 35,269,000 241,439,000 -98,174,000 839,397,000 36,599,000 -38,313,000 -45,627,000 978,857,000 33,923,000 -3,983,000 -98,682,000 1,058,214,000 -21,011,000 -15,416,000 23,016,000 1,205,057,000 -12,639,000 -319,067,000 
          amortization of premium on short-term investments
        		                   
          executive chairman long-term performance award
        		     0 0             
          non-cash postcombination compensation expense
        		         0 0 0 32,430,000       
          restricted cash acquired in business combination
        		 0                  
          cash paid for business acquisition, net of cash acquired
        		                   
          purchases of short-term investments
        		 0        80,000,000 -692,882,000         
          sales of short-term investments
        		                   
          realized loss on investments
        		                   
          proceeds from shares issued in connection with employee stock purchase plan
        		 1,107,000 0   1,086,000 0   1,291,000 0   1,987,000 0     
          payment of acquisition-related contingent consideration
        		                   
          increase in cash, cash equivalents, and restricted cash
        		                   
          cash, cash equivalents, and restricted cash - beginning of period
        		                   
          cash paid for business combination, net of cash acquired
        		                   
          net increase in cash, cash equivalents, and restricted cash
        		              -15,416,000 23,016,000 -50,324,000 -12,639,000 -319,067,000 
          net loss
        		    -8,260,000    -36,060,000 -40,375,000 -54,989,000 -58,797,000 -68,801,000 -26,326,000 -53,168,000 -44,688,000 -60,598,000 -36,807,000 -45,730,000 
          adjustments to reconcile net loss to net cash from operating activities:
        		                   
          gain on sale of equity method investment
        		                   
          impairment of other financial instruments
        		             0 0 0 11,616,000   
          business combination, net of cash acquired
        		         -147,000 -3,716,000 0 -131,914,000       
          purchase of patents
        		                   
          realized gain on investments
        		                   
          sale of equity method investment
        		                   
          payment on acquisition-related contingent consideration
        		                   
          decrease in cash, cash equivalents, and restricted cash
        		                   
          amortization of premium (accretion of discount) on short-term investments
        		      -827,000 -845,000 -978,000  -3,214,000         
          sales of marketable securities
        		                   
          realized gain/loss on investments
        		         -21,000          
          purchase of equity method investment and purchase option
        		                   
          proceeds from initial public offering, net of underwriters’ discounts and commissions
        		                 0 0 
          payment of contingent consideration
        		                   
          proceeds from exercise of warrants
        		                 0  
          payment of deferred offering costs
        		                 -1,626,000 -1,153,000 
          purchases of patents
        		                   
          amortization of premium (accretion of discount) on marketable securities
        		            -975,000       
          purchases of marketable securities
        		            -70,807,000 -48,835,000 -8,661,000 -2,977,000 -10,022,000 -80,177,000 -361,944,000 
          maturities of marketable securities
        		            108,000,000 52,500,000 12,000,000 3,100,000 9,800,000 34,200,000 57,500,000 
          amortization of premium on marketable securities
        		             -172,000 111,000 154,000 184,000  258,000 
          proceeds from issuance of redeemable convertible preferred stock, net of issuance costs
        		                   
          provision for doubtful accounts
        		                 65,000 35,000 
          payment of bank loan and related fees
        		                   
          proceeds from exercise of stock options, including early exercised stock options
        		                  301,000 
          repurchase of early exercised unvested options
        		                  -41,000