v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ 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 $ 361,159 $ 282,251 $ 608,914 $ 513,999
Cost of goods sold 264,478 215,282 453,035 388,898
Gross profit 96,681 66,969 155,879 125,101
Operating expenses        
Sales and marketing 43,108 38,209 75,418 69,499
Technology 24,334 23,221 45,548 49,939
General and administrative 57,527 14,088 72,390 28,402
Customer service and merchant fees 11,579 9,331 20,597 18,688
Other operating expense (income), net 3,016 (5,454) 3,016 (5,790)
Total operating expenses 139,564 79,395 216,969 160,738
Operating loss (42,883) (12,426) (61,090) (35,637)
Interest income, net 750 889 2,479 1,651
Other income (expense), net 120 (7,489) 449 (24,758)
Loss before income taxes (42,013) (19,026) (58,162) (58,744)
Provision (benefit) for income taxes (2,516) 287 (2,267) 481
Net loss $ (39,497) $ (19,313) $ (55,895) $ (59,225)
Net loss per share of common stock:        
Basic (in dollars per share) $ (0.53) $ (0.34) $ (0.78) $ (1.07)
Diluted (in dollars per share) $ (0.53) $ (0.34) $ (0.78) $ (1.07)
Weighted average shares of common stock outstanding:        
Basic (in shares) 74,308 57,503 71,693 55,593
Diluted (in shares) 74,308 57,503 71,693 55,593