v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Financial Information for Single Operating and Reportable Segment
The following table presents selected financial information with respect to the Company’s single operating and reportable segment:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2025202620252026
Revenues$598,150 $876,773 $1,138,556 $1,650,500 
Significant expenses:
Cost of goods sold341,333 492,410 645,933 925,904 
Fulfillment(1)
87,154 131,666 167,884 247,972 
Marketplace commissions(2)
85,152 124,318 162,705 233,701 
Sales, general and administrative(3)
45,730 66,250 86,072 119,747 
Technology(4)
8,652 14,797 16,425 27,238 
Share-based compensation and related taxes(5)
— 11,796 — 20,831 
Interest income, net(1,688)(2,199)(3,205)(4,453)
Other (income) expense, net(32)197 129 479 
Provision for income taxes8,068 10,039 16,030 22,369 
Net income$23,781 $27,499 $46,583 $56,712 
__________
(1)Fulfillment includes costs incurred from third-party fulfillment centers and cost to operate and staff the Company’s fulfillment centers, excluding share-based compensation and related taxes.
(2)Marketplace commissions includes referral fees charged by the various online marketplaces.
(3)Sales, general and administrative relate to employee headcount, excluding share-based compensation and related taxes, and other selling and general administrative costs.
(4)Technology represents items included in research and development within the condensed consolidated statement of operations, excluding share-based compensation and related taxes, and the amortization of capitalized internally developed software costs.
(5)Share-based compensation and related taxes include compensation expense for both stock and cash settled restricted stock units and the related employer taxes.
Schedule of Long-Lived Tangible Assets and Operating Lease Right-Of-Use-Assets by Geographic Region
The Company's long-lived tangible assets, as well as the Company's operating lease right-of-use assets recognized on the condensed consolidated balance sheets were located as follows:
(in thousands)December 31, 2025June 30, 2026
U.S.$54,596 $87,206 
International14,655 15,444