In the three months ended March 31, 2026, the Company began implementing restructuring plans to simplify and scale certain processes, functions, and team capabilities.

Restructuring costs incurred include severance and related termination benefits, and lease exit costs associated with changes to the Company’s leased facilities in Israel and Ireland, including impairments of property and equipment, as the Company evaluates updates to its operations in those locations. These specific restructuring initiatives are expected to be completed by December 31, 2026.

The Company incurred charges of $11.5 million and no charges for the three months ended March 31, 2026 and March 31, 2025, respectively, related to these initiatives.

The following table presents the restructuring costs included within the Condensed Consolidated Statements of Operations for the three months ended March 31, 2026:


(in thousands)	Amount
General and administrative	$	4,722
Technology and development	3,463
Marketing	1,709
Customer support and operations	1,644
Total restructuring costs	$	11,538

The following table presents the changes in liabilities by major type of cost, including expenses incurred and cash payments resulting from the restructuring costs and related accruals, during the three months ended March 31, 2026:


(in thousands)	Severance and related termination benefits(1)		Lease exit and other related costs
Balance as of December 31, 2025	$	—	$	—
Expenses incurred	9,459		2,079
Cash payments	(6,637)		—
Non-cash charges(2)	—		(2,079)
Balance as of March 31, 2026	$	2,822	$	—

(1) Accrued restructuring liability associated with these costs is included within “Accrued expenses and other current liabilities” on the Condensed Consolidated Balance Sheets.

(2) Non-cash charges includes non-cash write-offs of right-of-use assets and property and equipment.