v3.25.4
Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
REVENUES $ 121,551 $ 116,272
EXPENSES (INCOME)    
Technology, development and user support 62,930 46,033
General and administrative 66,283 39,506
Loss (gain) on digital assets, net 18,892 (96,111)
Gain on sale of future token interests (2,000) 0
Impairment on other assets 179 336
Staking and other income (271) (1,244)
Other loss, net 512 209
Interest income (4,892) (3,315)
Interest expense 570 0
Total (loss) income before income taxes (20,652) 130,858
INCOME TAX BENEFIT (EXPENSE) 9,299 (17,900)
NET (LOSS) INCOME (11,353) 112,958
OTHER COMPREHENSIVE (LOSS) INCOME    
Foreign currency translation adjustment (1,372) 725
COMPREHENSIVE (LOSS) INCOME $ (12,725) $ 113,683
Common Class A    
Net (loss) income per share    
Basic net (loss) income per share of common stock (in dollars per share) $ (0.39) $ 4.30
Diluted net (loss) income per share of common stock (in dollars per share) $ (0.39) $ 3.52
Weighted average number of shares and share equivalents outstanding    
Weighted average number of shares used in basic computation (in shares) 9,515 5,371
Weighted average number of shares used in diluted computation (in shares) 9,515 9,051
Common Class B    
Net (loss) income per share    
Basic net (loss) income per share of common stock (in dollars per share) $ (0.39) $ 4.30
Diluted net (loss) income per share of common stock (in dollars per share) $ (0.39) $ 3.52
Weighted average number of shares and share equivalents outstanding    
Weighted average number of shares used in basic computation (in shares) 19,492 20,925
Weighted average number of shares used in diluted computation (in shares) 19,492 23,012