v3.25.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2025
Stock-Based Compensation [Abstract]  
Schedule of Fair Value of Stock Options

The following assumptions were used to estimate the fair value of stock options granted using the Black-Scholes-Merton option pricing model during the six months ended June 30:

 

    2024 
Assumptions:     
Risk-free interest rate   3.93% – 4.56% 
Expected term (in years)   0.78 – 4.00 
Expected volatility   57.49% – 58.71% 
Expected dividend yield   
 
Schedule of Stock Option Activity

A summary of stock option activity under the 2021 Plan and 2013 Plan is as follows:

 

           Weighted     
           Average     
   Options
Outstanding
   Weighted
Average
Exercise
 Price
   Remaining
Contractual
 Term
in Years
   Aggregate
Intrinsic
Value
 
Balance at December 31, 2023   14,830   $43.47    8.53   $
 
Granted   5,521    7.30        
 
Exercised   
    
        
 
Cancelled/forfeited   (11,891)   33.99        
 
Balance at December 31, 2024   8,460    33.20    5.20    
 
Granted   
    
        
 
Exercised   
    
        
 
Cancelled/forfeited   (4,555)   26.31        
 
Balance at June 30, 2025   3,905   $41.24    6.47   $
 
                     
Options exercisable at June 30, 2025   3,413   $45.36    6.13   $
 
Schedule of Stock Options and RSUs Compensation Expense The following table sets forth the recorded stock options compensation expense of the Company during the three and six months ended June 30:
   Three Months Ended
June 30,
   Six Months Ended
June 30,
 
   2025   2024   2025   2024 
Operating expenses:                
Technology  $
   $1,658   $
   $3,203 
Sales and marketing   35    335    69    831 
Supply development (recovery)   (393)   220    84    431 
Fulfillment   292    
    804    869 
General and administrative   
    15,882    
    32,201 
Total stock options expense (recovery)  $(66)  $18,095   $957   $37,535 

The Company recorded RSUs compensation expense during the three and six months ended June 30, 2025 and 2024 as follows:

 

   Three Months Ended
June 30,
   Six Months Ended
June 30,
 
   2025   2024   2025   2024 
Operating expenses:                
Technology (recovery)  $(184)  $22,833   $2,691   $49,776 
Sales and marketing (recovery)   (23)   9,508    8,785    25,417 
Supply development   
    52    
    277 
Fulfillment   2,076    8,217    8,891    17,728 
General and administrative (recovery)   
    20,932    (3,620)   42,829 
Total RSU expense  $1,869   $61,542   $16,747   $136,027 
Schedule of RSUs Activity

A summary of RSUs activity under the 2021 Plan and 2013 Plan is as follows:

 

       Weighted 
   RSUs
Outstanding
   Average Grant
Date Fair Value
 
Unvested Balance at December 31, 2023   5,630   $113.09 
Granted   
    
 
Vested   (1,800)   120.36 
Forfeited   (3,008)   102.66 
Unvested Balance at December 31, 2024   822   $132.34 
Granted   
    
 
Vested   (338)   116.38 
Forfeited   (369)   109.99 
Unvested Balance at June 30, 2025   115   $100.02