v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following tables set forth significant expense categories and other specified amounts included in consolidated net income that are otherwise regularly provided to the CODM for the three and six months ended June 30, 2026 and 2025:
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Revenue
$191,660 $194,939 $387,143 $387,645 
Cost of revenue (1)
39,948 40,470 79,075 79,672 
Research and development (1)
31,137 36,529 66,263 75,073 
Sales and marketing (1)
30,456 34,664 66,473 68,414 
General and administrative (1)(2)(3)
23,517 24,446 49,082 47,386 
Provision for transaction losses2,549 1,769 4,771 4,028 
Stock-based compensation expense (4)
14,123 15,977 29,544 28,249 
Depreciation and amortization8,780 5,879 17,879 10,740 
Interest income
(5,016)(6,722)(10,867)(13,820)
Interest expense
703 686 1,407 1,372 
Restructuring charges (4)
12,826 — 12,826 — 
Income tax provision6,699 5,717 12,948 12,994 
Other segment items (4)(5)(6)
534 2,798 877 3,081 
Segment net income
$25,404 $32,726 $56,865 $70,456 
(1) For all periods presented, excludes stock-based compensation and depreciation and amortization included in cost of revenue, research and development, sales and marketing, and general and administrative expenses, as these amounts are regularly provided to the CODM.
(2) For all periods presented, excludes expenses related to the warrant to purchase 500,000 shares of the Company’s common stock at an exercise price of $0.01 per share issued to the Tides Foundation in 2018, which is referred to as the Tides Foundation Warrant.
(3) For the three and six months ended June 30, 2025, excludes acquisition-related costs.
(4) During the three months ended June 30, 2026, the Company incurred $13.8 million in costs related to the execution of the 2026 Restructuring (as defined below). Of this amount, $12.8 million is included in “Restructuring charges”, while the remaining amount is allocated in “Stock-based compensation expense” and “Other segment items”. See “Note 13—Restructuring Charges” for more information.
(5) For each of the three months ended June 30, 2026 and 2025, the Company incurred $0.2 million of expenses related to the Tides Foundation Warrant, and for each of the six months ended June 30, 2026 and 2025, the Company incurred $0.4 million of such expense.
(6) For each of the three and six months ended June 30, 2025, the Company incurred acquisition-related costs of $2.5 million in connection with the Company’s business combinations. These costs primarily consist of legal, accounting, and other professional fees, and are recorded in general and administrative expenses in the condensed consolidated statements of operations.