v3.25.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Net revenue $ 282,251 $ 398,104 $ 513,999 $ 780,385
Cost of goods sold 215,282 317,936 388,898 625,858
Gross profit 66,969 80,168 125,101 154,527
Operating expenses        
Sales and marketing 38,209 66,290 69,499 134,196
Technology 23,221 27,342 49,939 56,923
General and administrative 14,088 18,531 28,402 38,985
Customer service and merchant fees 9,331 15,006 18,688 28,949
Total operating expenses 84,849 127,169 166,528 259,053
Operating loss (17,880) (47,001) (41,427) (104,526)
Interest income, net 889 2,309 1,651 5,026
Other income (expense), net (2,035) 2,231 (18,968) (16,560)
Loss before income taxes (19,026) (42,461) (58,744) (116,060)
Provision for income taxes 287 117 481 446
Consolidated net loss (19,313) (42,578) (59,225) (116,506)
Less: Net loss attributable to noncontrolling interests 0 0 0 0
Consolidated net loss $ (19,313) $ (42,578) $ (59,225) $ (116,506)
Net loss per share of common stock:        
Basic (in dollars per share) $ (0.34) $ (0.93) $ (1.07) $ (2.55)
Diluted (in dollars per share) $ (0.34) $ (0.93) $ (1.07) $ (2.55)
Weighted average shares of common stock outstanding:        
Basic (in shares) 57,503,000 45,742,000 55,593,000 45,665,000
Diluted (in shares) 57,503,000 45,742,000 55,593,000 45,665,000