Revenue (Tables)

6 Months Ended

Jun. 30, 2026

Revenue Recognition [Abstract]

Schedule of revenue disaggregated by product

The following table presents our revenue disaggregated by channel (in thousands):


		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Direct channel revenue		$	116,486			$	50,439			$	262,499			$	112,183
Third-party channel revenue			73,076				38,410				120,162				71,554
Total revenue		$	189,562			$	88,849			$	382,661			$	183,737

Schedule of accounts receivable balances

Accounts Receivable balances are summarized as follows (in thousands):


		Three Months Ended June 30,								Six Months Ended June 30,
		2026				2025				2026				2025
Beginning balance		$	53,337			$	34,230			$	36,498			$	30,303
Additions from commissions receivable			154,826				73,211				306,904				149,127
Other additions (1)			2,686				3,196				6,731				6,753
Collections			(153,680	)			(76,869	)			(292,957	)			(152,413	)
Change in allowance for doubtful accounts			42				(300	)			35				(302	)
Ending balance		$	57,211			$	33,468			$	57,211			$	33,468

(1)

Other additions are primarily comprised of amounts arising from revenue that does not flow through commission receivable along with other partnership-related amounts.