v3.22.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues:      
Net interest revenues $ 256,962 $ 177,437 $ 70,639
Total net revenues 1,815,143 958,833 277,533
Operating expenses:      
Brokerage and transaction 152,343 111,083 45,459
Technology and development 1,232,787 215,630 94,932
Operations 373,129 137,905 33,869
Marketing 327,369 185,741 124,699
General and administrative 1,370,520 294,694 85,504
Total operating expenses 3,456,148 945,053 384,463
Change in fair value of convertible notes and warrant liability 2,045,657 0 0
Other expense (income), net (2,230) (50) 657
Income (loss) before income tax (3,684,432) 13,830 (107,587)
Provision for (benefit from) income taxes 2,000 6,381 (1,018)
Net income (loss) (3,686,432) 7,449 (106,569)
Net income (loss) attributable to common stockholders:      
Basic (3,686,432) 2,848 (106,569)
Diluted $ (3,686,432) $ 2,848 $ (106,569)
Net income (loss) per share attributable to common stockholders:      
Basic (in dollars per share) $ (7.49) $ 0.01 $ (0.48)
Diluted (in dollars per share) $ (7.49) $ 0.01 $ (0.48)
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders:      
Basic (in shares) 492,381,190 225,748,355 221,664,610
Diluted (in shares) 492,381,190 244,997,388 221,664,610
Transaction-based revenues      
Revenues:      
Revenues $ 1,402,350 $ 720,133 $ 170,831
Other revenues      
Revenues:      
Revenues $ 155,831 $ 61,263 $ 36,063