Segments (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The table below highlights the segment’s revenue, expenses, and net (loss) income for the three months ended March 31, 2026 and 2025 (in thousands):


									Three Months Ended March 31,
															2026						2025
Revenue															$	608,104					$	586,010
Less:
Cost of revenue															211,317						155,321
Customer acquisition costs															192,812						201,590
Employee compensation included within:
Marketing															13,118						10,512
Operations and support															35,694						23,823
Technology and development															18,442						13,490
General and administrative															29,975						14,669
Stock-based compensation included within:
Marketing															2,815						2,774
Operations and support															6,113						3,006
Technology and development															5,990						4,045
General and administrative															21,944						15,033
Depreciation and amortization expense included within operating expenses															20,583						7,536
Legal settlement costs															15,000						—
Change in fair value of equity securities															9,682						—
Change in fair value of liabilities															17,646						—
Interest income and expense, net															(5,033)						(2,596)
Income tax (benefit) expense															(9,436)						11,010
Other segment items(1)															113,557						76,312
Segment net (loss) income															(92,115)						49,485
Reconciliation of profit or loss
Adjustments and reconciling items															—						—
Consolidated net (loss) income															$	(92,115)					$	49,485

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(1) Other segment items included in segment net (loss) income primarily consist of professional services, fulfillment, transaction processing, technology, and other general operating costs.