Accrued Expenses

6 Months Ended

Jun. 30, 2026

Note 10—Accrued Expenses

Accrued expenses consisted of the following as of the dates indicated (in thousands):


	As of June 30, 2026		As of December 31, 2025
Vendor accruals	$	89,567	$	129,336
Pass-through marketplace tax collection obligation	84,424		125,883
Employee compensation-related liabilities	54,414		67,206
Taxes payable	19,400		19,775
Total accrued expenses	$	247,805	$	342,200