v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 19,985 $ 22,880
Short-term investments 49,058 72,157
Accounts receivable, net of allowance for doubtful accounts of $76 and $72 at September 30, 2026 and December 31, 2025, respectively 727 422
Prepaid expenses 4,128 3,203
Receivables from payment processors and seller accounts 11,423 1,990
Other current assets 1,426 1,631
Total current assets 86,747 102,283
Restricted cash, non-current 3,723 3,704
Property and equipment, net 2,527 2,731
Operating lease right-of-use assets 13,734 16,665
Goodwill 4,296 4,306
Other assets 1,651 2,418
Total assets 112,678 132,107
Current liabilities:    
Accounts payable 917 1,765
Payables due to sellers 8,826 6,649
Accrued expenses 10,977 9,461
Operating lease liabilities, current 4,657 4,447
Other current liabilities 3,002 2,059
Total current liabilities 28,379 24,381
Operating lease liabilities, non-current 10,621 14,141
Other liabilities 4 4
Total liabilities 39,004 38,526
Commitments and contingencies (Note 13)
Stockholders’ equity:    
Preferred stock, $0.01 par value; 10,000,000 shares authorized as of September 30, 2026 and December 31, 2025; zero shares issued and outstanding as of September 30, 2026 and December 31, 2025 0 0
Common stock, $0.01 par value; 400,000,000 shares authorized as of September 30, 2026 and December 31, 2025; 45,430,068 and 44,086,361 shares issued as of September 30, 2026 and December 31, 2025, respectively; and 34,050,988 and 36,848,301 outstanding as of September 30, 2026 and December 31, 2025, respectively 454 441
Treasury stock, at cost; 11,379,080 and 7,238,060 shares as of September 30, 2026 and December 31, 2025, respectively (55,707) (34,977)
Additional paid-in capital 479,555 474,288
Accumulated deficit (350,464) (346,018)
Accumulated other comprehensive loss (164) (153)
Total stockholders’ equity 73,674 93,581
Total liabilities and stockholders’ equity $ 112,678 $ 132,107