| Schedule of Segment Information for Revenue and Significant Expenses |
The following table sets forth the Company’s segment information for revenue and significant expenses (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
June 30, | | Six Months Ended
June 30, | | 2026 | | 2025 | | 2026 | | 2025 | | Revenue | $ | 33,654 | | | $ | 38,374 | | | $ | 62,654 | | | $ | 70,886 | | | Less: | | | | | | | | | Cost of revenue | 19,767 | | | 25,574 | | | 37,908 | | | 47,548 | | | Compensation expense, excluding stock-based compensation | 9,877 | | | 16,623 | | | 20,146 | | | 30,905 | | | Stock-based compensation | 1,454 | | | 1,395 | | | 3,501 | | | 5,712 | | | Depreciation and amortization | 4,266 | | | 4,009 | | | 7,601 | | | 8,249 | | | Gain on extinguishment of debt | — | | | (220,047) | | | — | | | (220,047) | | Other segment expenses, net (1) | 12,660 | | | 7,814 | | | 26,681 | | | 20,455 | | | Provision for income taxes | 13 | | | 475 | | | 125 | | | 533 | | | Net (loss) income | $ | (14,383) | | | $ | 202,531 | | | $ | (33,308) | | | $ | 177,531 | |
(1) Other segment expenses, net includes impairment of assets held for sale, interest expense and other income, net.
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