Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,183,357	$ 811,178
Short-term investments	228,979	228,322
Accounts receivable, net of expected credit losses of $5,387 and $6,089 as of June 30, 2025 and December 31, 2024, respectively	6,474	8,702
Prepaid and other current assets	88,593	89,931
Funds receivable and seller accounts	140,596	189,558
Total current assets	1,647,999	1,327,691
Property and equipment, net of accumulated depreciation and amortization of $293,583 and $302,734 as of June 30, 2025 and December 31, 2024, respectively	230,233	236,706
Goodwill	38,072	137,089
Intangible assets, net of accumulated amortization of $123,611 and $161,495 as of June 30, 2025 and December 31, 2024, respectively	317,015	413,898
Deferred tax assets	156,124	145,630
Long-term investments	126,640	111,725
Other assets	41,066	45,043
Total assets	2,557,149	2,417,782
Current liabilities:
Accounts payable	15,165	25,979
Accrued expenses	254,204	374,947
Finance lease obligations—current	6,295	6,148
Funds payable and amounts due to sellers	140,596	189,558
Deferred revenue	23,598	19,213
Other current liabilities	46,504	49,268
Total current liabilities	486,362	665,113
Finance lease obligations—net of current portion	90,302	93,482
Deferred tax liabilities	5,425	7,957
Long-term debt, net	2,978,971	2,288,083
Other liabilities	120,659	122,013
Total liabilities	3,681,719	3,176,648
Commitments and contingencies (Note 11)
Stockholders’ deficit:
Common stock ($0.001 par value, 1,400,000 shares authorized as of June 30, 2025 and December 31, 2024; 99,608 and 108,540 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively)	100	109
Preferred stock ($0.001 par value, 25,000 shares authorized as of June 30, 2025 and December 31, 2024)	0	0
Additional paid-in capital	1,431,154	1,322,809
Accumulated deficit	(2,335,843)	(1,784,037)
Accumulated other comprehensive loss	(219,981)	(297,747)
Total stockholders’ deficit	(1,124,570)	(758,866)
Total liabilities and stockholders’ deficit	$ 2,557,149	$ 2,417,782

ETSY INC 10-Q