v3.26.1
REVENUE (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of 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.
Schedule of Deferred Revenue 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