Classification of operating expenses by nature

3 Months Ended

Mar. 31, 2026

Analysis of income and expense [abstract]

Classification of operating expenses by nature

Details of classification of expenses by nature for the three months ended March 31, 2026 and 2025 are as follows (in thousands):


	Three months ended March 31,
	2026		2025
Personnel expenses	$	6,431	$	7,928
Depreciation and amortization	2,216		829
Depreciation of right-of-use assets	490		283
Taxes and dues	3,939		3,899
Fees and commissions	28,471		27,700
Advertising expenses	15,100		12,540
Other expenses	1,961		673
Total (1)	$	58,608	$	53,852

(1)Represents the sum of cost of revenue, sales and marketing, research and development, and general and administrative expenses as included in the consolidated interim statement of comprehensive income.