v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Net revenue $ 175,995 $ 150,392 $ 341,793 $ 289,465
Costs of revenue 54,122 46,331 102,328 86,725
Gross profit 121,873 104,061 239,465 202,740
Operating expenses:        
Compensation and benefits 78,262 81,409 156,280 167,459
Technology 18,393 16,102 36,483 30,913
Depreciation and amortization 9,696 6,653 18,550 11,984
Professional services 5,620 4,219 10,251 9,914
Marketing and advertising 1,232 711 2,392 1,180
Occupancy 540 843 1,719 1,760
Other operating expenses 4,494 3,352 8,060 7,296
Total operating expenses 118,237 113,289 233,735 230,506
Income (loss) from operations 3,636 (9,228) 5,730 (27,766)
Other income, net 4,436 8,787 10,369 19,300
Income (loss) before income tax expense 8,072 (441) 16,099 (8,466)
Income tax expense 505 206 698 441
Net income (loss) 7,567 (647) 15,401 (8,907)
Other comprehensive (loss) income, net of taxes:        
Change in foreign currency translation adjustment (248) 320 (1,894) 446
Net change in unrealized loss on short-term investments (50) (146) (223) (234)
Net other comprehensive (loss) income (298) 174 (2,117) 212
Comprehensive income (loss) $ 7,269 $ (473) $ 13,284 $ (8,695)
Net income (loss) per share attributable to Class A and Class B common stockholders        
Basic (in dollars per share) [1] $ 0.07 $ (0.01) $ 0.14 $ (0.07)
Diluted (in dollars per share) [1] $ 0.07 $ (0.01) $ 0.14 $ (0.07)
Weighted-average shares used in computing net income (loss) per share attributable to Class A and Class B common stockholders        
Basic (in shares) [1] 105,465,000 115,379,000 106,304,000 120,315,000
Diluted (in shares) [1] 106,797,000 115,379,000 107,591,000 120,315,000
[1] Reflects the one-for-four reverse stock split that was effective June 30, 2026, which has been applied retrospectively to all periods presented. Refer to Note 1, “Business Overview and Basis of Presentation”, for further information.