v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUES $ 22,747 $ 35,996
EXPENSES (INCOME)    
Technology, development and user support 16,242 14,893
General and administrative 15,458 14,318
Loss on digital assets, net 36,413 28,809
Impairment on other assets 411 137
Staking and other (income) loss (110) 136
Other loss, net 3 447
Interest income (4,859) (1,003)
Loss before income taxes (40,811) (21,741)
INCOME TAX BENEFIT 8,672 8,868
NET LOSS (32,139) (12,873)
OTHER COMPREHENSIVE LOSS    
Foreign currency translation adjustment 101 (254)
COMPREHENSIVE LOSS $ (32,038) $ (13,127)
Common Class A    
Net loss per share    
Basic net loss per share of common stock (in dollars per share) $ (1.08) $ (0.45)
Diluted net loss per share of common stock (in dollars per share) $ (1.08) $ (0.45)
Weighted average number of shares and share equivalents outstanding    
Weighted average number of shares used in basic computation (in shares) 10,536 8,886
Weighted average number of shares used in diluted computation (in shares) 10,536 8,886
Common Class B    
Net loss per share    
Basic net loss per share of common stock (in dollars per share) $ (1.08) $ (0.45)
Diluted net loss per share of common stock (in dollars per share) $ (1.08) $ (0.45)
Weighted average number of shares and share equivalents outstanding    
Weighted average number of shares used in basic computation (in shares) 19,185 19,640
Weighted average number of shares used in diluted computation (in shares) 19,185 19,640