v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue $ 753,214 $ 544,833 $ 1,361,318 $ 1,130,843
Cost of revenue 272,411 128,637 483,728 283,958
Gross profit 480,803 416,196 877,590 846,885
Operating expenses:        
Marketing 262,236 217,862 484,239 449,097
Operations and support 95,481 66,490 191,984 129,523
Technology and development 54,901 37,848 101,837 67,762
General and administrative 165,377 67,273 275,045 115,883
Total operating expenses 577,995 389,473 1,053,105 762,265
(Loss) income from operations (97,192) 26,723 (175,515) 84,620
Other income (expense):        
Change in fair value of equity securities 4,737 0 (4,945) 0
Change in fair value of liabilities (4,223) 0 (21,869) 0
Other income, net 4,045 6,130 8,145 8,728
Total other income (expense), net 4,559 6,130 (18,669) 8,728
(Loss) income before income taxes (92,633) 32,853 (194,184) 93,348
Benefit from (provision for) income taxes 6,343 9,652 15,779 (1,358)
Net (loss) income (86,290) 42,505 (178,405) 91,990
Other comprehensive (loss) income (41,632) 986 (48,331) 1,146
Total comprehensive (loss) income $ (127,922) $ 43,491 $ (226,736) $ 93,136
Net (loss) income per share attributable to common stockholders, Class A and Class V:        
Basic (in dollars per share) $ (0.37) $ 0.19 $ (0.78) $ 0.41
Diluted (in dollars per share) $ (0.37) $ 0.17 $ (0.78) $ 0.37
Weighted average shares outstanding, Class A and Class V:        
Basic (in shares) 231,746,126 224,373,375 230,061,076 223,187,936
Diluted (in shares) 231,746,126 256,779,292 230,061,076 251,894,929