v3.26.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
Schedule of Unvested RSU Activity
The following table summarizes the activity for the Company’s unvested RSUs under the 2024 Plan and the 2024 Inducement Plan, which includes Financial PBRSUs and TSR PBRSUs, and includes awards related to continuing and discontinued operations, during the six months ended June 30, 2026 (in thousands, except per share amounts):
SharesWeighted-Average
Grant Date Fair Value
Unvested at December 31, 20257,942 $63.21 
Granted3,652 55.25 
Vested(1,801)73.34 
Forfeited/Canceled(572)63.22 
Unvested at June 30, 2026 (1)9,221 58.08 
(1) Includes 1.2 million shares underlying unvested awards held by employees of Depop as of June 30, 2026. Subsequent to June 30, 2026, upon completion of the sale of Depop, unvested Depop awards were forfeited. See “Note 2—Discontinued Operations” for further discussion of the executed Purchase Agreement.
Schedule of Stock-based Compensation Expense
Stock-based compensation expense included in continuing operations in the Consolidated Statements of Operations for the periods presented below is as follows (in thousands):
Three Months Ended 
 June 30,
Six Months Ended 
 June 30,
2026202520262025
Cost of revenue$4,730 $6,775 $10,562 $13,661 
Marketing3,698 4,500 7,470 4,564 
Product development26,132 28,239 53,670 60,225 
General and administrative16,624 13,407 32,445 30,649 
Stock-based compensation expense$51,184 $52,921 $104,147 $109,099