v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenue $ 608,104 $ 586,010
Cost of revenue 211,317 155,321
Gross profit 396,787 430,689
Operating expenses:    
Marketing 222,003 231,235
Operations and support 96,503 63,033
Technology and development 46,936 29,914
General and administrative 109,668 48,610
Total operating expenses 475,110 372,792
(Loss) income from operations (78,323) 57,897
Other (expense) income:    
Change in fair value of equity securities (9,682) 0
Change in fair value of liabilities (17,646) 0
Other income, net 4,100 2,598
Total other (expense) income, net (23,228) 2,598
(Loss) income before income taxes (101,551) 60,495
Benefit from (provision for) income taxes 9,436 (11,010)
Net (loss) income (92,115) 49,485
Other comprehensive (loss) income (6,699) 160
Total comprehensive (loss) income $ (98,814) $ 49,645
Net (loss) income per share attributable to common stockholders, Class A and Class V:    
Basic (in dollars per share) $ (0.40) $ 0.22
Diluted (in dollars per share) $ (0.40) $ 0.20
Weighted average shares outstanding, Class A and Class V:    
Basic (in shares) 228,357,303 221,989,327
Diluted (in shares) 228,357,303 246,610,232