| Schedule of Reconciliation of Profit (Loss) from Segments to Consolidated |
The following table presents reportable segment profit and loss, including significant expense categories, attributable to the Company's reportable segment for the periods presented: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | Six Months Ended | | | June 30, 2026 | | June 30, 2025 | | June 30, 2026 | | June 30, 2025 | | | (in thousands of USD) | (in thousands of USD) | | Revenue | | $ | 338,465 | | | $ | 348,271 | | | $ | 659,337 | | | $ | 673,978 | | | | | | | | | | | | Cost of revenue | | 250,329 | | | 260,992 | | | 488,153 | | | 515,088 | | | Marketing | | 38,336 | | | 31,070 | | | 68,856 | | | 62,613 | | | General and administrative expenses - labor related | | 26,956 | | | 25,569 | | | 53,470 | | | 48,942 | | | General and administrative expenses - non-labor related | | 38,412 | | | 39,403 | | | 72,457 | | | 82,732 | | | Interest income | | (4,485) | | | (4,910) | | | (8,859) | | | (10,023) | | | Interest expense | | 17 | | | 2 | | | 34 | | | 4 | | | Loss(income) on equity method investment, net | | (988) | | | (507) | | | (542) | | | 62 | | | | | | | | | | | | Other loss (income), net | | (2,472) | | | 1,367 | | | (467) | | | (1,303) | | | Income tax (benefit) expense | | 6,937 | | | (832) | | | 9,609 | | | 1,715 | | | Net Income (Loss) | | $ | (14,577) | | | $ | (3,883) | | | $ | (23,374) | | | $ | (25,852) | | | | | | | | | | | | The following non-cash expense items are also included in the measure of segment profit or loss reviewed by the CODM: | Stock-based compensation1 | | $ | 11,737 | | | $ | 6,740 | | | $ | 19,340 | | | $ | 22,927 | | | Depreciation and amortization | | $ | 7,343 | | | $ | 8,407 | | | $ | 15,341 | | | $ | 16,844 | |
1The measure of stock-based compensation excludes expenses related to Phantom Units.
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| Schedule of Company's Long-lived Tangible Assets and Operating Lease Right-of-use Assets |
The Company’s long-lived tangible assets as well as the Company’s operating lease right-of-use assets recognized on the Consolidated Balance Sheets as of June 30, 2026, and December 31, 2025, were located as follows: | | | | | | | | | | | | | As of | | June 30, 2026 | | December 31, 2025 | | | | | | (in thousands of USD) | | Korea | $ | 11,782 | | | $ | 14,131 | | | Japan | 13,277 | | | 15,620 | | | | | | Rest of World1 | 10,005 | | | 2,294 | | | Total long-lived tangible assets and operating lease right-of-use assets | $ | 35,064 | | | $ | 32,045 | |
1Rest of the World includes long-lived tangible assets and operating lease right-of-use assets located in the United States, of 8.9 million and $1.1 million as of June 30, 2026 and December 31, 2025, respectively.
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