v3.26.1
REVENUE
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE REVENUE
Disaggregation of revenue
The Company’s products and services are offered only to members within the United States. The following table provides information about the Company’s disaggregated revenue streams:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Payments revenue$430,029 $366,101 $862,673 $741,413 
Platform-related revenue (1)(2)
239,739 162,048 454,482 305,480 
Total revenue $669,768 $528,149 1,317,155 1,046,893 
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(1)In the three and six months ended June 30, 2026, platform-related revenue included $143.8 million and $268.9 million that was not derived from contracts with customers. In the three and six months ended June 30, 2025, platform-related revenue included $86.0 million and $157.7 million that was not derived from contracts with customers.
(2)In the three and six months ended June 30, 2026, platform-related revenue included $114.8 million and $218.7 million related to MyPay receivables, which was comprised of $71.9 million and $136.8 million related to off-balance sheet MyPay receivables and $42.9 million and $81.9 million related to on-balance sheet MyPay receivables. In the three and six months ended June 30, 2025, platform-related revenue included $77.7 million and $142.0 million related to MyPay receivables, which was comprised of 48.2 million and $87.1 million related to off-balance sheet MyPay receivables and $29.5 million and $54.9 million related to on-balance sheet MyPay receivables.

Deferred revenue
The Company records deferred revenue for member-paid tips received prior to the expiration of the contractual refundable period. The deferred revenue balances were as follows:
Balance as of December 31, 2025
$4,818 
Balance as of June 30, 2026
5,111 
Increase in deferred revenue during the period$293 
The Company recognized materially all revenue from amounts included in the opening deferred revenue balances for the six months ended June 30, 2026. Changes in deferred revenue during the periods are driven by the increase in the amount of tips paid by members for using SpotMe.