XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Unaudited Condensed Consolidated Income Statements - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue    
Total Revenue $ 225,158 $ 215,796
Cost of revenue    
Total Cost of revenue [1] 25,451 40,835
Gross profit 199,707 174,961
Operating expenses:    
Sales and marketing 86,716 82,274
Product, technology, and development 36,250 35,545
General and administrative 26,780 28,066
Depreciation and amortization 4,206 2,792
Total segment expenses 153,952 148,677
Income from operations 45,755 26,284
Other income, net:    
Interest income 3,098 3,906
Other expense, net (302) (505)
Total other income, net 2,796 3,401
Income before income taxes 48,551 29,685
Provision for income taxes 9,506 8,384
Net income $ 39,045 $ 21,301
Net income per share attributable to common stockholders: (Note 10)    
Basic $ 0.38 $ 0.2
Diluted $ 0.37 $ 0.2
Weighted-average number of shares of common stock used in computing net income per share attributable to common stockholders:    
Basic 103,094,690 107,174,812
Diluted 105,068,046 108,632,159
Marketplace    
Revenue    
Total Revenue $ 212,235 $ 187,219
Cost of revenue    
Total Cost of revenue [1] 14,248 14,385
Wholesale    
Revenue    
Total Revenue 7,747 16,125
Cost of revenue    
Total Cost of revenue [1] 6,170 14,224
Product    
Revenue    
Total Revenue 5,176 12,452
Cost of revenue    
Total Cost of revenue [1] $ 5,033 $ 12,226
[1] Includes depreciation and amortization expense for the three months ended March 31, 2025 and 2024 of $2,348 and $4,689, respectively.