v3.22.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 6,253,477,000 $ 1,402,629,000
Cash and securities segregated under federal and other regulations 3,992,419,000 4,914,660,000
Receivables from brokers, dealers, and clearing organizations 88,326,000 124,501,000
Receivables from users, net 6,638,900,000 3,354,142,000
Deposits with clearing organizations 327,917,000 225,514,000
User-held fractional shares 1,834,479,000 802,483,000
Investments 27,189,000 0
Other current assets 120,835,000 48,655,000
Total current assets 19,283,542,000 10,872,584,000
Property, software, and equipment, net 146,419,000 45,834,000
Goodwill 100,521,000 0
Intangible assets, net 34,107,000 185,000
Restricted cash 23,773,000 7,364,000
Other non-current assets 180,817,000 62,507,000
Total assets 19,769,179,000 10,988,474,000
Current liabilities:    
Accounts payable and accrued expenses 252,313,000 104,649,000
Payables to users 6,475,728,000 5,897,242,000
Securities loaned 3,651,035,000 1,921,118,000
Fractional shares repurchase obligation 1,834,479,000 802,483,000
Other current liabilities 133,787,000 90,553,000
Total current liabilities 12,347,342,000 8,816,045,000
Other non-current liabilities 128,745,000 48,012,000
Total liabilities 12,476,087,000 8,864,057,000
Commitments and contingencies (Note 16)
Mezzanine equity    
Redeemable convertible preferred stock, $0.0001 par value. 414,033,220 shares authorized, 412,742,897 shares issued and outstanding with a liquidation preference of $2,191,086 as of December 31, 2020. No shares authorized, issued, and outstanding as of December 31, 2021. 0 2,179,739,000
Stockholders’ (deficit) equity:    
Preferred stock, $0.0001 par value. No shares authorized, issued and outstanding as of December 31, 2020; 210,000,000 shares authorized and no shares issued and outstanding as of December 31, 2021. 0 0
Common stock, value   1,000
Additional paid-in capital 11,169,136,000 134,307,000
Accumulated other comprehensive income 405,000 473,000
Accumulated deficit (3,876,535,000) (190,103,000)
Total stockholders’ (deficit) equity 7,293,092,000 (55,322,000)
Total liabilities, mezzanine equity and stockholders’ (deficit) equity 19,769,179,000 $ 10,988,474,000
Common Class A    
Stockholders’ (deficit) equity:    
Common stock, value 73,000  
Common Class B    
Stockholders’ (deficit) equity:    
Common stock, value 13,000  
Common Class C    
Stockholders’ (deficit) equity:    
Common stock, value $ 0