v3.26.1
BUSINESS SEGMENTS (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting
The following table summarizes the Company's segment revenue, significant segment expenses, other segment items, and segment loss (in thousands):
Three months ended
June 30,		Six months ended
June 30,
2026202520262025
Net revenue
$361,159 $282,251 $608,914 $513,999 
Less:
Cost of goods sold (as adjusted) (1)
264,303 215,264 452,862 388,695 
Sales and marketing expense (as adjusted) (1)
42,894 38,122 75,117 69,229 
Technology expense (as adjusted) (1)
15,971 17,493 33,084 37,329 
General and administrative (as adjusted) (1)
41,439 10,115 50,144 21,364 
Customer service and merchant fees (as adjusted) (1)
11,578 9,331 20,595 18,688 
Other segment items (2)
27,857 4,352 38,202 14,331 
Operating loss
$(42,883)$(12,426)$(61,090)$(35,637)
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(1)    Significant segment expense categories are adjusted to exclude costs related to depreciation and amortization, stock-based compensation, acquisition-related costs, and brand integration and restructuring costs which are included in the Other segment items line.
(2)    Other segment items includes other operating expense (income), net, depreciation and amortization, stock-based compensation, acquisition-related costs, and brand integration and restructuring costs.