USD	2020	2021	2022	2023	2024	2025	2026
Revenues	772m	1.1b	1.4b	2.2b	1.8b	1.8b	2.0b
% growth	43 %	44 %	25 %	57 %	(20 %)	4 %	11 %
EBITDA	(232m)	(466m)	(663m)	(209m)	358m	394m	462m
% EBITDA margin	(30 %)	(42 %)	(48 %)	(10 %)	20 %	22 %	23 %
Profit	(282m)	(533m)	(921m)	(822m)	(751m)	(504m)	(440m)
% profit margin	(37 %)	(48 %)	(66 %)	(38 %)	(43 %)	(28 %)	(22 %)
EV / revenue	51.5x	37.6x	9.1x	7.6x	4.2x	3.9x	3.2x
EV / EBITDA	-171.7x	-89.7x	-19.1x	-79.6x	20.4x	18.0x	13.9x
R&D budget	404m	696m	959m	1.1b	-	-	-
R&D % of revenue	52 %	63 %	69 %	48 %	-	-	-

Date	Investors	Amount	Round
-	Nelstone Ventures Vanedge Capital GP Bullhound MetaStone Group EQUIAM Accelerator Ventures Mana Ventures Xseed Capital ARK Invest	N/A	-
Oct 2009	London Venture Partners Sequoia Capital David Gardner Max Levchin	$5.5m	Series A
Jul 2011	Sequoia Capital iGlobe Partners WestSummit Capital	$12.0m	Series B
Sep 2015	Sequoia Capital iGlobe Partners	$25.0m	Late VC
Jul 2016	Thrive Capital iGlobe Partners Max Levchin China Investment Corporation (CIC) DFJ Growth WestSummit Capital	$181m Valuation: $1.3b	Series C
May 2017*	Silver Lake Partners	$400m Valuation: $2.6b	Growth Equity VC
Jun 2018	Sequoia Capital	$145m	Series D
Sep 2018	Altimeter Capital	N/A	Secondary
May 2019	Silver Lake Partners Sequoia Capital CPP Investments	$125m Valuation: $6.0b 15.8x EV/LTM Revenues -54.6x EV/LTM EBITDA	Series E
Jul 2019	Silver Lake Partners Sequoia Capital CPP Investments Light Street Capital Management D1 Capital Partners	$525m Valuation: $6.0b 15.8x EV/LTM Revenues -54.6x EV/LTM EBITDA	Secondary
Sep 2020	N/A	$1.3b Valuation: $13.7b 25.3x EV/LTM Revenues -114.6x EV/LTM EBITDA	IPO
Nov 2021*	N/A	$1.5b	Post IPO Convertible
Total Funding		$894m