v3.26.3
Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Financial Information of Discontinued Operations
The following table summarizes the major line items for Depop that are included within net income (loss) from discontinued operations in the Consolidated Statements of Operations for the periods presented below (in thousands):
Three Months Ended 
 September 30,		Nine Months Ended
September 30,
2026202520262025
Revenue$2,433 $53,873 $138,586 $136,377 
Cost of revenue14,811 28,416 82,849 77,601 
Gross profit(12,378)25,457 55,737 58,776 
Operating expenses:
Marketing81,615 34,472 293,885 72,676 
Product development644 13,612 28,574 35,848 
General and administrative3,434 5,666 27,955 14,671 
Total operating expenses85,693 53,750 350,414 123,195 
Loss from discontinued operations(98,071)(28,293)(294,677)(64,419)
Other income (expense):
Gain on sale of Depop839,716 — 839,716 — 
Foreign exchange gain (loss)(1,051)228 (1,023)(137)
Other income (expense), net838,665 228 838,693 (137)
Income (loss) from discontinued operations before income taxes740,594 (28,065)544,016 (64,556)
(Provision) benefit for income taxes(714)(1,028)(107)1,656 
Net income (loss) from discontinued operations$739,880 $(29,093)$543,909 $(62,900)
The following table summarizes the carrying amounts of major classes of assets and liabilities of Depop’s discontinued operations as of December 31, 2025 (in thousands):
As of December 31,
2025
Assets
Cash and cash equivalents$40,408 
Prepaid and other current assets13,414 
Total current assets$53,822 
Property and equipment, net23,645 
Intangible assets, net282,841 
Other assets740 
Total non-current assets$307,226 
Liabilities
Accrued expenses$50,815 
Other current liabilities1,459 
Total current liabilities$52,274 
Other liabilities1,107 
Total non-current liabilities$1,107