| Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
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Net loss | -487 | -275 | -246 |
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Depreciation and amortization | 21 | 24 | 32 |
---|
Stock-based compensation expense | 140 | 228 | 277 |
---|
Amortization of deferred costs | 30 | 44 | - |
---|
Capitalized Contract Cost, Amortization | - | - | 62 |
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Change in fair value of derivative liability | -103 | - | - |
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Fair Value Adjustment of Warrants | 97 | -95 | -3 |
---|
Change in deferred income taxes | -3 | -5 | - |
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Loss on debt extinguishment | -50 | - | - |
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Loss on debt extinguishment | -50 | - | - |
---|
Credit loss expense | 4 | 34 | 64 |
---|
Credit loss expense | 4 | 34 | 64 |
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Paid-in-Kind Interest | 12 | - | - |
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Paid-in-Kind Interest | 12 | - | - |
---|
Noncash Contribution Expense | 19 | 10 | 10 |
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Noncash Contribution Expense | 19 | 10 | 10 |
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Asset impairments | - | - | 15 |
---|
Change in fair value of contingent consideration | 3 | 3 | - |
---|
Other non-cash items | -2 | -5 | 17 |
---|
Other non-cash items | -2 | -5 | 17 |
---|
Account receivable, net | 23 | 35 | 3 |
---|
Acquired loans and merchant cash advances repaid | 1 | 4 | - |
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Other current assets | - | - | 12 |
---|
Prepaid expenses and other current assets | 45 | 40 | - |
---|
Deferred contract acquisition costs | 56 | 71 | 107 |
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Deferred contract acquisition costs | 56 | 71 | 107 |
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Inventories, net | 23 | 68 | 7 |
---|
Inventories, net | 23 | 68 | 7 |
---|
Accounts payable | 15 | -11 | 1 |
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Operating lease right-of-use assets | -16 | 4 | - |
---|
Accrued expenses and other current liabilities | 145 | 116 | 81 |
---|
Accounts payable | 15 | -11 | 1 |
---|
Deferred revenue | -2 | -11 | -5 |
---|
Accrued expenses and other current liabilities | 145 | 116 | 81 |
---|
Operating lease right-of-use assets and operating lease liabilities, net | - | - | 1 |
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Deferred revenue | -2 | -11 | -5 |
---|
Other assets and liabilities | 1 | 13 | 8 |
---|
Operating lease liabilities | -16 | 4 | - |
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Other assets and liabilities | 1 | 13 | 8 |
---|
Account receivable, net | 23 | 35 | 3 |
---|
Acquired loans and merchant cash advances repaid | 1 | 4 | - |
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Other current assets | - | - | 12 |
---|
Prepaid expenses and other current assets | 45 | 40 | - |
---|
Deferred contract acquisition costs | 56 | 71 | 107 |
---|
Deferred contract acquisition costs | 56 | 71 | 107 |
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Inventories, net | 23 | 68 | 7 |
---|
Inventories, net | 23 | 68 | 7 |
---|
Accounts payable | 15 | -11 | 1 |
---|
Operating lease right-of-use assets | -16 | 4 | - |
---|
Accrued expenses and other current liabilities | 145 | 116 | 81 |
---|
Accounts payable | 15 | -11 | 1 |
---|
Deferred revenue | -2 | -11 | -5 |
---|
Accrued expenses and other current liabilities | 145 | 116 | 81 |
---|
Operating lease right-of-use assets and operating lease liabilities, net | - | - | 1 |
---|
Deferred revenue | -2 | -11 | -5 |
---|
Other assets and liabilities | 1 | 13 | 8 |
---|
Operating lease liabilities | -16 | 4 | - |
---|
Other assets and liabilities | 1 | 13 | 8 |
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Net cash provided by (used in) operating activities | 2 | -156 | 135 |
---|
Cash paid for acquisition, net of cash acquired | 26 | 46 | 9 |
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Capitalized software | 7 | 17 | - |
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Capital expenditures | - | - | 42 |
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Purchases of property and equipment | 12 | 16 | - |
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Purchases of marketable securities | 469 | 434 | 623 |
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Purchases of marketable securities | 469 | 434 | 623 |
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Proceeds from the sale of marketable securities | 5 | 46 | 35 |
---|
Proceeds from the sale of marketable securities | 5 | 46 | 35 |
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Maturities of marketable securities | 5 | 369 | 556 |
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Maturities of marketable securities | 5 | 369 | 556 |
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Other investing activities | -1 | - | 3 |
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Other investing activities | -1 | - | 3 |
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Net cash used in investing activities | -503 | -98 | -86 |
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Net cash used in investing activities | -503 | -98 | -86 |
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Proceeds from initial public offering, net | 950 | - | - |
---|
Proceeds from issuance of common stock | - | - | 36 |
---|
Payment of deferred offering costs | 5 | - | - |
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Change in customer funds obligations, net | 24 | 26 | 27 |
---|
Payment of contingent consideration | - | 2 | - |
---|
Proceeds from initial public offering, net | 950 | - | - |
---|
Extinguishment of convertible notes | 245 | - | - |
---|
Extinguishment of convertible notes | 245 | - | - |
---|
Other financing activities | 1 | -1 | - |
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Change in customer funds obligations, net | 24 | 26 | 27 |
---|
Net cash provided by financing activities | 759 | 38 | 63 |
---|
Proceeds from Stock Options Exercised | 21 | 15 | - |
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Proceeds from issuance of restricted stock | 10 | - | - |
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Proceeds from Warrant Exercises | 3 | - | - |
---|
Other financing activities | 1 | -1 | - |
---|
Net cash provided by financing activities | 759 | 38 | 63 |
---|
Net increase (decrease) in cash, cash equivalents, cash held on behalf of customers and restricted cash | 258 | -216 | 112 |
---|
Effect of exchange rate changes on cash and cash equivalents and restricted cash | -1 | - | - |
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Cash paid for interest | 13 | - | - |
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Cash paid for income taxes | - | 1 | - |
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Capital Expenditures Incurred but Not yet Paid | 1 | 1 | - |
---|
Stock Issued, Exercise of Common Stock Warrants | - | - | 1 |
---|
Share-Based Payment Arrangement, Amount Capitalized | 1 | 7 | - |
---|
Stock Issued | 15 | - | - |
---|
Stock Issued, Exercise of Common Stock Warrants | - | - | 1 |
---|
Conversion of Stock, Amount Converted | 849 | - | - |
---|
Stock Issued | 15 | - | - |
---|
Debt Conversion, Converted Instrument, Warrants Issued | 125 | - | - |
---|
Deferred offering costs included in accounts payable and accrued expenses | 1 | - | - |
---|
Conversion of Stock, Amount Converted | 849 | - | - |
---|
Debt Conversion, Converted Instrument, Warrants Issued | 125 | - | - |
---|
Deferred payments included in purchase price | 5 | 2 | - |
---|
Contingent consideration included in purchase price | 2 | - | - |
---|
Net loss | -487 | -275 | -246 |
---|
Depreciation and amortization | 21 | 24 | 32 |
---|
Stock-based compensation expense | 140 | 228 | 277 |
---|
Amortization of deferred costs | 30 | 44 | - |
---|
Capitalized Contract Cost, Amortization | - | - | 62 |
---|
Change in fair value of derivative liability | -103 | - | - |
---|
Fair Value Adjustment of Warrants | 97 | -95 | -3 |
---|
Change in deferred income taxes | -3 | -5 | - |
---|
Loss on debt extinguishment | -50 | - | - |
---|
Loss on debt extinguishment | -50 | - | - |
---|
Credit loss expense | 4 | 34 | 64 |
---|
Credit loss expense | 4 | 34 | 64 |
---|
Paid-in-Kind Interest | 12 | - | - |
---|
Paid-in-Kind Interest | 12 | - | - |
---|
Noncash Contribution Expense | 19 | 10 | 10 |
---|
Noncash Contribution Expense | 19 | 10 | 10 |
---|
Asset impairments | - | - | 15 |
---|
Change in fair value of contingent consideration | 3 | 3 | - |
---|
Other non-cash items | -2 | -5 | 17 |
---|
Other non-cash items | -2 | -5 | 17 |
---|
Account receivable, net | 23 | 35 | 3 |
---|
Acquired loans and merchant cash advances repaid | 1 | 4 | - |
---|
Other current assets | - | - | 12 |
---|
Prepaid expenses and other current assets | 45 | 40 | - |
---|
Deferred contract acquisition costs | 56 | 71 | 107 |
---|
Deferred contract acquisition costs | 56 | 71 | 107 |
---|
Inventories, net | 23 | 68 | 7 |
---|
Inventories, net | 23 | 68 | 7 |
---|
Accounts payable | 15 | -11 | 1 |
---|
Operating lease right-of-use assets | -16 | 4 | - |
---|
Accrued expenses and other current liabilities | 145 | 116 | 81 |
---|
Accounts payable | 15 | -11 | 1 |
---|
Deferred revenue | -2 | -11 | -5 |
---|
Accrued expenses and other current liabilities | 145 | 116 | 81 |
---|
Operating lease right-of-use assets and operating lease liabilities, net | - | - | 1 |
---|
Deferred revenue | -2 | -11 | -5 |
---|
Other assets and liabilities | 1 | 13 | 8 |
---|
Operating lease liabilities | -16 | 4 | - |
---|
Other assets and liabilities | 1 | 13 | 8 |
---|
Account receivable, net | 23 | 35 | 3 |
---|
Acquired loans and merchant cash advances repaid | 1 | 4 | - |
---|
Other current assets | - | - | 12 |
---|
Prepaid expenses and other current assets | 45 | 40 | - |
---|
Deferred contract acquisition costs | 56 | 71 | 107 |
---|
Deferred contract acquisition costs | 56 | 71 | 107 |
---|
Inventories, net | 23 | 68 | 7 |
---|
Inventories, net | 23 | 68 | 7 |
---|
Accounts payable | 15 | -11 | 1 |
---|
Operating lease right-of-use assets | -16 | 4 | - |
---|
Accrued expenses and other current liabilities | 145 | 116 | 81 |
---|
Accounts payable | 15 | -11 | 1 |
---|
Deferred revenue | -2 | -11 | -5 |
---|
Accrued expenses and other current liabilities | 145 | 116 | 81 |
---|
Operating lease right-of-use assets and operating lease liabilities, net | - | - | 1 |
---|
Deferred revenue | -2 | -11 | -5 |
---|
Other assets and liabilities | 1 | 13 | 8 |
---|
Operating lease liabilities | -16 | 4 | - |
---|
Other assets and liabilities | 1 | 13 | 8 |
---|
Net cash provided by (used in) operating activities | 2 | -156 | 135 |
---|
Cash paid for acquisition, net of cash acquired | 26 | 46 | 9 |
---|
Capitalized software | 7 | 17 | - |
---|
Capital expenditures | - | - | 42 |
---|
Purchases of property and equipment | 12 | 16 | - |
---|
Purchases of marketable securities | 469 | 434 | 623 |
---|
Purchases of marketable securities | 469 | 434 | 623 |
---|
Proceeds from the sale of marketable securities | 5 | 46 | 35 |
---|
Proceeds from the sale of marketable securities | 5 | 46 | 35 |
---|
Maturities of marketable securities | 5 | 369 | 556 |
---|
Maturities of marketable securities | 5 | 369 | 556 |
---|
Other investing activities | -1 | - | 3 |
---|
Other investing activities | -1 | - | 3 |
---|
Net cash used in investing activities | -503 | -98 | -86 |
---|
Net cash used in investing activities | -503 | -98 | -86 |
---|
Proceeds from initial public offering, net | 950 | - | - |
---|
Proceeds from issuance of common stock | - | - | 36 |
---|
Payment of deferred offering costs | 5 | - | - |
---|
Change in customer funds obligations, net | 24 | 26 | 27 |
---|
Payment of contingent consideration | - | 2 | - |
---|
Proceeds from initial public offering, net | 950 | - | - |
---|
Extinguishment of convertible notes | 245 | - | - |
---|
Extinguishment of convertible notes | 245 | - | - |
---|
Other financing activities | 1 | -1 | - |
---|
Change in customer funds obligations, net | 24 | 26 | 27 |
---|
Net cash provided by financing activities | 759 | 38 | 63 |
---|
Proceeds from Stock Options Exercised | 21 | 15 | - |
---|
Proceeds from issuance of restricted stock | 10 | - | - |
---|
Proceeds from Warrant Exercises | 3 | - | - |
---|
Other financing activities | 1 | -1 | - |
---|
Net cash provided by financing activities | 759 | 38 | 63 |
---|
Net increase (decrease) in cash, cash equivalents, cash held on behalf of customers and restricted cash | 258 | -216 | 112 |
---|
Effect of exchange rate changes on cash and cash equivalents and restricted cash | -1 | - | - |
---|
Capital Expenditures Incurred but Not yet Paid | 1 | 1 | - |
---|
Stock Issued, Exercise of Common Stock Warrants | - | - | 1 |
---|
Share-Based Payment Arrangement, Amount Capitalized | 1 | 7 | - |
---|
Stock Issued | 15 | - | - |
---|
Stock Issued, Exercise of Common Stock Warrants | - | - | 1 |
---|
Conversion of Stock, Amount Converted | 849 | - | - |
---|
Stock Issued | 15 | - | - |
---|
Debt Conversion, Converted Instrument, Warrants Issued | 125 | - | - |
---|
Deferred offering costs included in accounts payable and accrued expenses | 1 | - | - |
---|
Conversion of Stock, Amount Converted | 849 | - | - |
---|
Debt Conversion, Converted Instrument, Warrants Issued | 125 | - | - |
---|
Deferred payments included in purchase price | 5 | 2 | - |
---|
Contingent consideration included in purchase price | 2 | - | - |
---|