v3.25.2
EXPENSES BY NATURE
 6 Months Ended
Jun. 30, 2025
Other Income and Expenses [Abstract]  
EXPENSES BY NATURE

4. EXPENSES BY NATURE

 

The following table presents cost of sales and a breakdown of operating expenses (in thousands):

 

   2025   2024   2025   2024 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2025   2024   2025   2024 
Cost of Sales  $492,886   $308,910   $812,931   $488,894 
                     
Operating Expenses                    
General and Administrative Expenses   18,900    14,015    36,416    26,151 
Salaries and Benefits   9,758    6,566    19,460    12,434 
Stock-Based Compensation for Employees   1,714    2,066    3,019    3,420 
Administrative Expenses   1,221    933    2,113    1,769 
Professional Fees   5,007    3,304    9,200    6,422 
Depreciation and Amortization Expense   398    340    777    666 
Other General and Administrative Expenses   802    806    1,847    1,440 
Marketing Expenses   23,284    15,889    40,981    28,518 
Salaries and Benefits   413    237    803    442 
Stock-Based Compensation for Employees   43    1    83    5 
Stock-Based Compensation for Agents   3,478    2,335    6,593    4,472 
Revenue Share   17,644    12,475    30,148    21,539 
Other Marketing and Advertising Cost   1,707    841    3,355    2,060 
Research and Development Expenses   3,993    2,608    7,925    5,070 
Salaries and Benefits   2,360    1,322    4,754    2,713 
Stock-Based Compensation for Employees   300    198    605    333 
Other Research and Development   1,333    1,088    2,567    2,024 
Settlement of Litigation   —    —    —    9,250 
 Total Operating Expenses  $46,177   $32,512   $85,322   $68,989 
Total Cost of Sales and Operating Expenses  $539,063   $341,422   $898,253   $557,883