v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 18,873 $ 22,880
Short-term investments 48,846 72,157
Accounts receivable, net of allowance for doubtful accounts of $75 and $72 at June 30, 2026 and December 31, 2025, respectively 598 422
Prepaid expenses 3,935 3,203
Receivables from payment processors and seller accounts 9,392 1,990
Other current assets 1,550 1,631
Total current assets 83,194 102,283
Restricted cash, non-current 3,716 3,704
Property and equipment, net 2,527 2,731
Operating lease right-of-use assets 14,728 16,665
Goodwill 4,293 4,306
Other assets 1,907 2,418
Total assets 110,365 132,107
Current liabilities:    
Accounts payable 1,077 1,765
Payables due to sellers 7,394 6,649
Accrued expenses 9,031 9,461
Operating lease liabilities, current 4,586 4,447
Other current liabilities 2,723 2,059
Total current liabilities 24,811 24,381
Operating lease liabilities, non-current 11,812 14,141
Other liabilities 4 4
Total liabilities 36,627 38,526
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized as of June 30, 2026 and December 31, 2025; zero shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value; 400,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 44,994,373 and 44,086,361 shares issued as of June 30, 2026 and December 31, 2025, respectively; and 33,615,293 and 36,848,301 outstanding as of June 30, 2026 and December 31, 2025, respectively 450 441
Treasury stock, at cost; 11,379,080 and 7,238,060 shares as of June 30, 2026 and December 31, 2025, respectively (55,707) (34,977)
Additional paid-in capital 478,273 474,288
Accumulated deficit (349,215) (346,018)
Accumulated other comprehensive loss (63) (153)
Total stockholders’ equity 73,738 93,581
Total liabilities and stockholders’ equity $ 110,365 $ 132,107