7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 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 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 
      
    		                                 
      assets
    		                                 
      current assets:
    		                                 
      cash and cash equivalents
    		1,575,491,000 2,253,276,000 2,256,153,000 2,160,236,000 2,126,974,000 2,058,465,000 2,055,728,000 2,025,891,000 2,003,408,000 1,755,261,000 1,630,052,000 1,961,956,000 2,018,616,000 2,050,412,000 2,235,092,000 2,146,043,000 2,179,745,000 2,083,273,000 2,077,514,000 1,092,815,000 1,047,478,000 885,825,000 588,294,000 515,479,000 385,999,000 375,509,000 236,500,000 155,564,000 137,670,000 174,167,000    
      short-term investments
    		726,875,000                        1,496,000 10,987,000 27,401,000 42,146,000 42,057,000     
      accounts receivable
    		745,405,000 628,475,000 650,187,000 812,510,000 729,911,000 669,136,000 716,727,000 816,337,000 720,398,000 707,684,000 703,422,000 760,793,000 719,187,000 714,606,000 675,705,000 752,393,000 595,911,000 587,481,000 496,173,000 523,852,000 391,277,000 306,719,000 295,361,000 332,673,000 196,044,000 204,037,000 174,195,000 183,078,000 133,895,000 123,612,000 106,094,000 120,553,000 84,840,000 
      inventories
    		140,682,000 112,695,000 135,297,000 158,271,000 191,213,000 96,351,000 94,531,000 92,129,000 105,374,000 93,214,000 109,238,000 106,747,000 119,252,000 76,077,000 72,863,000 50,276,000 75,945,000 47,996,000 41,246,000 53,895,000 62,609,000 45,001,000 43,978,000 49,714,000 73,531,000 39,443,000 33,398,000 35,585,000 68,803,000 39,431,000 38,062,000 32,740,000 35,450,000 
      prepaid expenses and other current assets
    		140,239,000 163,826,000 105,404,000 103,146,000 138,332,000 153,434,000 129,144,000 138,585,000 101,108,000 104,622,000 111,928,000 135,383,000 113,889,000 121,720,000 119,127,000 105,795,000 110,180,000 80,482,000 134,375,000 26,644,000 30,985,000 37,202,000 39,432,000 25,943,000 28,908,000 19,063,000 21,888,000 15,374,000 13,867,000 15,131,000 30,546,000 11,367,000 7,702,000 
      total current assets
    		3,328,692,000 3,158,272,000 3,147,041,000 3,234,163,000 3,186,430,000 2,977,386,000 2,996,130,000 3,072,942,000 2,971,001,000 2,701,494,000 2,595,353,000 2,964,879,000 2,970,944,000 2,962,815,000 3,102,787,000 3,054,507,000 2,961,781,000 2,799,232,000 2,749,391,000 1,697,640,000 1,533,095,000 1,276,286,000 968,604,000 925,663,000 686,891,000 649,951,000 520,368,000 432,935,000 397,796,000 353,780,000 336,811,000 344,917,000 197,511,000 
      property and equipment
    		182,809,000 193,765,000 203,619,000 213,690,000 222,999,000 240,035,000 251,487,000 264,556,000 278,723,000 357,603,000 359,543,000 335,031,000 272,193,000 217,558,000 186,308,000 177,567,000 170,606,000 160,544,000 155,001,000 155,197,000 158,634,000 152,747,000 148,064,000 103,262,000 61,878,000 48,402,000 30,777,000 25,264,000 23,260,000 20,212,000 16,835,000 14,736,000 12,807,000 
      operating lease right-of-use assets
    		272,877,000 285,516,000 292,146,000 304,505,000 314,326,000 338,422,000 358,105,000 371,444,000 410,585,000 499,308,000 504,693,000 521,695,000 535,031,000 544,414,000 401,154,000 345,660,000 346,691,000 298,949,000 265,237,000 266,197,000 267,094,000 269,900,000 273,305,000 283,291,000 142,110,000 115,961,000 71,013,000       
      content assets
    		175,126,000 197,416,000 227,862,000 237,321,000 247,379,000 240,596,000 249,526,000 257,395,000 238,015,000 300,419,000 297,849,000 292,766,000                      
      intangible assets
    		56,540,000 64,496,000 23,976,000 27,501,000 31,026,000 34,551,000 38,076,000 41,753,000 45,662,000 50,068,000 54,475,000 58,881,000 70,787,000 75,193,000 79,659,000 84,126,000 92,534,000 97,218,000 79,255,000 62,181,000 65,737,000 69,292,000 72,913,000 76,668,000 1,061,000 1,200,000 1,338,000 1,477,000 1,615,000 1,754,000 1,892,000 2,030,000 2,215,000 
      goodwill
    		309,406,000 309,406,000 161,519,000 161,519,000 161,519,000 161,519,000 161,519,000 161,519,000 161,519,000 161,519,000 161,519,000 161,519,000 161,519,000 161,519,000 161,519,000 161,519,000 146,784,000 146,784,000 125,684,000 73,058,000 73,058,000 73,058,000 73,058,000 74,116,000 1,382,000 1,382,000 1,382,000 1,382,000 1,382,000 1,382,000 1,382,000 1,382,000 1,554,000 
      other non-current assets
    		71,835,000 73,084,000 123,711,000 125,234,000 139,737,000 111,865,000 96,912,000 92,183,000 85,274,000 86,341,000 81,972,000 77,830,000 381,730,000 352,035,000 294,821,000 258,766,000 193,907,000 135,831,000 112,577,000 16,269,000 6,392,000 5,139,000 5,765,000 7,234,000 3,983,000 3,929,000 3,254,000 3,939,000 4,305,000 4,540,000 3,560,000 3,429,000  
      total assets
    		4,397,285,000 4,281,955,000 4,179,874,000 4,303,933,000 4,303,416,000 4,104,374,000 4,151,755,000 4,261,792,000 4,190,779,000 4,156,752,000 4,055,404,000 4,412,601,000 4,392,204,000 4,313,534,000 4,226,248,000 4,082,145,000 3,912,303,000 3,638,558,000 3,487,145,000 2,270,542,000 2,104,010,000 1,846,422,000 1,541,709,000 1,470,234,000 897,305,000 820,825,000 628,132,000 464,997,000 428,358,000 381,668,000 360,480,000 371,897,000 225,502,000 
      liabilities and stockholders’ equity
    		                                 
      current liabilities:
    		                                 
      accounts payable
    		159,455,000 165,963,000 194,576,000 273,985,000 327,038,000 276,118,000 385,656,000 385,330,000 312,279,000 212,915,000 86,879,000 164,800,000 175,026,000 113,768,000 137,550,000 124,921,000 131,818,000 132,483,000 96,468,000 112,314,000    115,227,000    56,576,000    56,413,000 49,171,000 
      accrued liabilities
    		933,717,000 818,597,000 788,758,000 852,799,000 820,165,000 724,467,000 672,440,000 788,040,000 797,229,000 638,480,000 646,360,000 750,810,000 625,836,000 575,277,000 574,848,000 549,055,000 482,057,000 423,253,000 477,402,000 347,668,000    198,347,000    91,986,000    72,344,000 65,498,000 
      deferred revenue, current portion
    		122,309,000 123,628,000 115,839,000 105,718,000 93,405,000 95,974,000 101,650,000 102,157,000 98,236,000 104,109,000 98,058,000 87,678,000 60,101,000 50,641,000 54,408,000 45,760,000 45,559,000 48,235,000 48,121,000 55,465,000    39,861,000    45,442,000 38,543,000 39,151,000 33,948,000 34,501,000 30,822,000 
      total current liabilities
    		1,215,481,000 1,108,188,000 1,099,173,000 1,232,502,000 1,240,608,000 1,096,559,000 1,159,746,000 1,275,527,000 1,207,744,000 955,504,000 831,297,000 1,083,273,000 943,420,000 824,614,000 855,454,000 729,619,000 668,064,000 611,348,000 628,116,000 520,321,000 465,674,000 412,626,000 372,080,000 358,301,000 277,431,000 238,268,000 188,862,000 194,004,000 185,798,000 150,177,000 145,724,000 163,258,000 145,491,000 
      deferred revenue, non-current portion
    		28,046,000 25,192,000 25,122,000 25,050,000 23,267,000 23,471,000 23,491,000 24,572,000 22,556,000 23,065,000 24,519,000 28,210,000 26,269,000 27,452,000 25,647,000 28,726,000 23,420,000 23,149,000 22,618,000 21,283,000    15,370,000    19,594,000 13,376,000 12,435,000 13,549,000 48,511,000  
      operating lease liability, non-current portion
    		457,405,000 481,779,000 496,084,000 512,706,000 535,378,000 553,375,000 568,627,000 586,174,000 600,047,000 589,476,000 585,648,000 584,651,000 568,193,000 587,981,000 444,115,000 394,724,000 394,515,000 336,948,000 303,159,000 307,936,000              
      other long-term liabilities
    		71,267,000 76,244,000 33,786,000 40,938,000 43,653,000 40,180,000 44,062,000 49,186,000 52,965,000 55,432,000 63,298,000 69,911,000 76,395,000 77,595,000 87,867,000 82,485,000 60,216,000 21,157,000 4,542,000 3,119,000 1,668,000 1,945,000 3,667,000 1,701,000 1,031,000 2,473,000 3,089,000 6,748,000 7,308,000 7,291,000 7,731,000 7,849,000 8,604,000 
      total liabilities
    		1,772,199,000 1,691,403,000 1,654,165,000 1,811,196,000 1,842,906,000 1,713,585,000 1,795,926,000 1,935,459,000 1,883,312,000 1,623,477,000 1,504,762,000 1,766,045,000 1,614,277,000 1,517,642,000 1,413,083,000 1,315,539,000 1,228,672,000 1,077,530,000 1,045,833,000 942,527,000 887,635,000 830,869,000 865,796,000 771,808,000 433,528,000 360,143,000 267,198,000 220,346,000 206,482,000 169,903,000 167,004,000 219,618,000 268,295,000 
      commitments and contingencies
    		                                 
      stockholders’ equity:
    		                                 
      common stock
    		15,000 15,000 15,000 15,000 15,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 14,000 13,000 13,000 13,000 13,000 13,000 12,000 12,000 12,000 12,000 12,000 11,000 11,000 11,000 11,000 10,000 10,000 1,000 
      additional paid-in capital
    		4,092,846,000 4,033,004,000 3,980,854,000 3,921,432,000 3,851,967,000 3,773,831,000 3,704,435,000 3,623,747,000 3,526,915,000 3,422,415,000 3,332,223,000 3,234,860,000 3,129,818,000 3,024,897,000 2,929,519,000 2,856,572,000 2,797,297,000 2,743,629,000 2,697,380,000 1,660,379,000 1,616,045,000 1,428,171,000 1,045,383,000 1,012,218,000 761,883,000 733,627,000 624,550,000 498,553,000 482,546,000 462,901,000 445,139,000 435,607,000 34,305,000 
      accumulated other comprehensive income
    		1,314,000 1,434,000  -1,737,000 -47,000 -661,000 -178,000 159,000 -166,000 71,000 35,000 -292,000 -1,074,000 -371,000 -41,000 41,000 29,000 29,000 29,000 29,000 29,000 29,000    4,000 1,000       
      accumulated deficit
    		-1,469,089,000 -1,443,901,000 -1,454,404,000 -1,426,973,000 -1,391,425,000 -1,382,395,000 -1,348,442,000 -1,297,587,000 -1,219,296,000 -889,225,000 -781,630,000 -588,026,000 -350,831,000 -228,648,000 -116,327,000 -90,021,000 -113,708,000 -182,643,000 -256,110,000 -332,406,000 -399,712,000 -412,659,000 -369,511,000 -313,833,000 -298,116,000 -272,961,000 -263,628,000 -253,896,000 -260,674,000 -251,147,000 -251,673,000 -283,338,000 -290,279,000 
      total stockholders’ equity
    		2,625,086,000 2,590,552,000 2,525,709,000 2,492,737,000 2,460,510,000 2,390,789,000 2,355,829,000 2,326,333,000 2,307,467,000 2,533,275,000 2,550,642,000 2,646,556,000 2,777,927,000 2,795,892,000 2,813,165,000 2,766,606,000 2,683,631,000 2,561,028,000 2,441,312,000 1,328,015,000 1,216,375,000 1,015,553,000 675,913,000 698,426,000 463,777,000 460,682,000 360,934,000 244,651,000 221,876,000 211,765,000 193,476,000 152,279,000  
      total liabilities and stockholders’ equity
    		4,397,285,000 4,281,955,000 4,179,874,000 4,303,933,000 4,303,416,000 4,104,374,000 4,151,755,000 4,261,792,000 4,190,779,000 4,156,752,000 4,055,404,000 4,412,601,000 4,392,204,000 4,313,534,000 4,226,248,000 4,082,145,000 3,912,303,000 3,638,558,000 3,487,145,000 2,270,542,000 2,104,010,000 1,846,422,000 1,541,709,000 1,470,234,000 897,305,000 820,825,000 628,132,000 464,997,000 428,358,000 381,668,000 360,480,000   
      accumulated other comprehensive loss
    		  -756,000                    29,000 29,000 -2,000   -17,000 -7,000     
      1,150,000 (class a - 1,000,000 and class b - 150,000) shares authorized
    		                                 
      as of december 31, 2024 and 2023;
    		                                 
      145,910 (class a - 128,681 and class b - 17,229) shares and
    		                                 
      143,502 (class a - 126,118 and class b - 17,384) shares
    		                                 
      issued and outstanding as of december 31, 2024 and 2023, respectively
    		                                 
      september 30, 2024 and december 31, 2023, respectively
    		                                 
      june 30, 2024 and december 31, 2023, respectively
    		                                 
      march 31, 2024 and december 31, 2023, respectively
    		                                 
      december 31, 2023 and 2022, respectively
    		                                 
      current portion of long-term debt
    		           79,985,000 82,457,000 84,928,000 88,648,000 9,883,000 8,630,000 7,377,000 6,125,000 4,874,000 4,872,000 4,870,000 4,750,000 4,866,000          
      as of december 31, 2023 and 2022;
    		                                 
      143,502 (class a - 126,118 and class b - 17,384) shares and
    		                                 
      140,027 (class a - 122,602 and class b - 17,425) shares
    		                                 
      issued and outstanding as of december 31, 2023 and 2022, respectively
    		                                 
      restricted cash
    		        40,713,000 40,713,000 40,713,000        83,000 434,000 746,000 1,539,000 1,539,000 1,854,000 868,000 868,000 26,350,000       
      september 30, 2023 and december 31, 2022, respectively
    		                                 
      june 30, 2023 and december 31, 2022, respectively
    		                                 
      march 31, 2023 and december 31, 2022, respectively
    		                                 
      december 31, 2022 and 2021, respectively
    		                                 
      long-term debt, non-current portion
    		               79,985,000 82,457,000 84,928,000 87,398,000 89,868,000    94,742,000          
      as of december 31, 2022 and 2021;
    		                                 
      140,027 (class a - 122,602 and class b - 17,425) shares and
    		                                 
      135,137 (class a - 118,767 and class b - 16,370) shares
    		                                 
      issued and outstanding as of december 31, 2022 and 2021, respectively
    		                                 
      september 30, 2022 and december 31, 2021, respectively
    		                                 
      june 30, 2022 and december 31, 2021, respectively
    		                                 
      march 31, 2022 and december 31, 2021, respectively
    		                                 
      december 31, 2021 and 2020, respectively
    		                                 
      as of december 31, 2021 and 2020;
    		                                 
      135,137 (class a - 118,767 and class b - 16,370) shares and
    		                                 
      128,004 (class a - 110,645 and class b - 17,359) shares
    		                                 
      issued and outstanding as of december 31, 2021 and 2020, respectively
    		                                 
      september 30, 2021 and december 31, 2020, respectively
    		                                 
      restricted cash, current
    		                                 
      june 30, 2021 and december 31, 2020, respectively
    		                                 
      march 31, 2021 and december 31, 2020, respectively
    		                                 
      december 31, 2020 and 2019, respectively
    		                                 
      as of december 31, 2020 and 2019;
    		                                 
      128,004 (class a - 110,645 and class b - 17,359) shares and
    		                                 
      119,897 (class a - 93,574 and class b - 26,323) shares
    		                                 
      issued and outstanding as of december 31, 2020 and 2019, respectively
    		                                 
      accounts payable and accrued liabilities
    		                    412,798,000 363,816,000 328,873,000  241,519,000 201,732,000 146,923,000  147,255,000 111,026,000 111,776,000   
      deferred revenue, current
    		                    48,004,000 43,940,000 38,457,000  35,912,000 36,536,000 41,939,000       
      long-term debt, non-current
    		                    91,087,000 92,305,000 162,626,000           
      deferred revenue, non-current
    		                    18,134,000 17,243,000 14,795,000  12,932,000 13,889,000 15,297,000       
      operating lease liability, non-current
    		                    311,072,000 306,750,000 312,628,000 301,694,000 142,134,000 105,513,000 59,950,000       
      december 31, 2019 and 2018, respectively
    		                                 
      preferred stock, 0.0001 par value;
    		                                 
      10,000 shares authorized as of december 31, 2019 and 2018;
    		                                 
      no shares issued and outstanding as of december 31, 2019 and 2018
    		                                 
      as of december 31, 2019 and 2018;
    		                                 
      119,897 (class a - 93,574 and class b - 26,323) shares and
    		                                 
      109,770 (class a - 77,820 and class b - 31,950) shares
    		                                 
      issued and outstanding as of december 31, 2019 and 2018, respectively
    		                                 
      deferred cost of revenue, current
    		                        45,000 44,000 636,000       
      december 31, 2018 and 2017, respectively
    		                                 
      deferred cost of revenue, current portion
    		                           1,188,000 1,504,000 1,439,000 1,359,000   
      deferred cost of revenue, non-current portion
    		                               5,403,000  
      10,000 shares authorized as of december 31, 2018 and 2017; no
    		                                 
      shares issued and outstanding as of december 31, 2018 and 2017
    		                                 
      1,150,000 (class a - 1,000,000 and class b - 150,000) shares
    		                                 
      authorized as of december 31, 2018 and 2017; 109,770
    		                                 
      (class a - 77,820 and class b - 31,950) shares and 99,157
    		                                 
      (class a - 19,325 and class b - 79,832) shares issued and
    		                                 
      outstanding as of december 31, 2018 and 2017, respectively
    		                                 
      preferred stock, 0.0001 par value
    		                                 
      cash
    		                              160,750,000 177,250,000 66,918,000 
      deferred cost of revenue
    		                               3,007,000 2,448,000 
      liabilities, convertible preferred stock and stockholders’ equity
    		                                 
      preferred stock warrant liability
    		                                52,355,000 
      convertible preferred stock:
    		                                 
      convertible preferred stock
    		                                213,180,000 
      0 and 84,368 shares authorized as of december 31, 2017 and 2016, respectively
    		                                 
      0 and 80,844 shares issued and outstanding as of december 31, 2017 and 2016, respectively
    		                                 
      stockholders’ equity
    		                                 
      10,000 and 0 shares authorized as of december 31, 2017 and 2016, respectively
    		                                 
      no shares issued and outstanding as of december 31, 2017 and 2016, respectively
    		                                 
      1,150,000 (class a - 1,000,000 and class b - 150,000) shares and
    		                                 
      122,000 shares authorized as of december 31, 2017 and 2016, respectively
    		                                 
      99,157 (class a - 19,325 and class b - 79,832) shares and
    		                                 
      4,819 shares issued and outstanding as of december 31, 2017 and 2016, respectively
    		                                 
      total liabilities, convertible preferred stock and stockholders’ equity
    		                               371,897,000  
      receivable from related parties
    		                                153,000 
      deferred cost of revenue, noncurrent portion
    		                                4,975,000 
      other noncurrent assets
    		                                6,440,000 
      liabilities, convertible preferred stock and stockholders’ deficit
    		                                 
      long-term debt, less current portion
    		                                23,043,000 
      noncurrent deferred revenue
    		                                38,802,000 
      stockholders’ deficit:
    		                                 
      total stockholders’ deficit
    		                                -255,973,000 
      total liabilities, convertible preferred stock and stockholders’ deficit
    		                                225,502,000 
      net revenue:
    		                                 
      player
    		                                67,254,000 
      platform
    		                                57,528,000 
      total net revenue
    		                                124,782,000 
      cost of revenue:
    		                                 
      total cost of revenue
    		                                74,887,000 
      gross profit:
    		                                 
      total gross profit
    		                                49,895,000 
      operating expenses:
    		                                 
      research and development
    		                                28,532,000 
      sales and marketing
    		                                16,216,000 
      general and administrative
    		                                13,039,000 
      total operating expenses
    		                                57,787,000 
      income from operations
    		                                -7,892,000 
      other income, net:
    		                                 
      interest expense
    		                                -815,000 
      change in fair value of preferred stock warrant liability
    		                                -37,682,000 
      other income
    		                                212,000 
      total other income
    		                                -38,285,000 
      income before income taxes
    		                                -46,177,000 
      income tax expense
    		                                58,000 
      net income attributable to common stockholders
    		                                -46,235,000 
      net income per share
    		                                -8,790 
      weighted-average shares used for eps calculation
    		                                5,259,796,000 
    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.