Accrued Expenses

6 Months Ended

Jun. 30, 2025

Note 9—Accrued Expenses

Accrued expenses consisted of the following as of the dates indicated (in thousands):


	As of June 30, 2025		As of December 31, 2024
Vendor accruals	$	98,450	$	148,714
Pass-through marketplace tax collection obligation	80,383		129,222
Employee compensation-related liabilities	52,915		75,676
Taxes payable	22,456		21,335
Total accrued expenses	$	254,204	$	374,947