v3.26.1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
Schedule of Disaggregation of Revenue by Source of Revenue
The following table presents the Company’s revenues disaggregated by source of revenue:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202620252026
Amazon.com$518,995 $730,284 $997,783 $1,381,406 
Amazon marketplaces, international36,555 64,283 65,690 115,644 
Other online marketplaces and channels35,133 65,532 62,455 122,688 
SaaS, logistics and other revenue7,467 16,674 12,628 30,762 
Revenues$598,150 $876,773 $1,138,556 $1,650,500 
Schedule of Disaggregation of Revenue by Geography
The following table presents the Company’s revenues disaggregated by geography:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202620252026
U.S.$539,405 $766,780 $1,034,835 $1,450,196 
International58,745 109,993 103,721 200,304 
Revenues$598,150 $876,773 $1,138,556 $1,650,500 
Schedule of Computation of Earnings per Share
The following table sets forth the computation of earnings per share attributable to common stockholders:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands, except per share data)2025202620252026
Net income$23,781 $27,499 $46,583 $56,712 
Income allocable to participating Series A Preferred Stock2,858 — 5,578 — 
Series B Preferred Stock dividend - undeclared4,486 — 8,922 — 
Net income attributable to common stockholders$16,437 $27,499 $32,083 $56,712 
Weighted-average shares outstanding:
Basic90,591 176,923 90,591 176,882 
Dilutive awards— 4,271 — 3,445 
Diluted90,591 181,194 90,591 180,327 
Net earnings per share attributable to common stockholders:
Basic
$0.18 $0.16 $0.35 $0.32 
Diluted
$0.18 $0.15 $0.35 $0.31 
Schedule of Antidilutive Instruments
The following instruments outstanding (prior to consideration of the treasury stock or if-converted methods) as of period end were not reflected in diluted EPS as their effect for the periods presented would be anti-dilutive or the instruments were not exercisable for potential common shares for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202620252026
Series B Preferred Stock
13,216 — 13,216 — 
RSUs
28,711 — 28,711 708 
Schedule of Accounts Receivable, Net
Accounts receivable, net consisted of the following:
(in thousands)December 31, 2025June 30, 2026
Amazon.com
$85,842 $101,494 
Brand partner receivables
73,279 84,922 
Other receivables
21,934 25,219 
Allowance for doubtful accounts
(3,841)(3,915)
Accounts receivable, net
$177,214 $207,720