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Unaudited Condensed Consolidated Income Statements - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue        
Total Revenue $ 234,033 $ 218,692 $ 459,191 $ 434,488
Cost of revenue        
Total Cost of revenue [1] 29,651 36,248 55,102 77,083
Gross profit 204,382 182,444 404,089 357,405
Operating expenses:        
Sales and marketing 84,337 82,311 171,053 164,585
Product, technology, and development 34,370 36,580 70,620 72,125
General and administrative 27,062 27,429 53,842 55,495
Impairments 29,633 127,475 29,633 127,475
Depreciation and amortization 4,136 2,233 8,342 5,025
Total segment expenses 179,538 276,028 333,490 424,705
Income (loss) from operations 24,844 (93,584) 70,599 (67,300)
Other income, net:        
Interest income 2,134 2,440 5,232 6,346
Other income, net 430 721 128 216
Total other income, net 2,564 3,161 5,360 6,562
Income (loss) before income taxes 27,408 (90,423) 75,959 (60,738)
Provision for (benefit from) income taxes 5,065 (21,702) 14,571 (13,318)
Net income (loss) $ 22,343 $ (68,721) $ 61,388 $ (47,420)
Net income (loss) per share attributable to common stockholders: (Note 11)        
Basic $ 0.23 $ (0.66) $ 0.61 $ (0.45)
Diluted $ 0.22 $ (0.66) $ 0.6 $ (0.45)
Weighted-average number of shares of common stock used in computing net income (loss) per share attributable to common stockholders:        
Basic 98,889,893 103,827,661 100,980,676 105,501,236
Diluted 100,184,067 103,827,661 102,614,441 105,501,236
Marketplace        
Revenue        
Total Revenue $ 221,998 $ 195,167 $ 434,233 $ 382,386
Cost of revenue        
Total Cost of revenue [1] 15,561 13,145 29,809 27,530
Wholesale        
Revenue        
Total Revenue 6,275 13,119 14,022 29,244
Cost of revenue        
Total Cost of revenue [1],[2] 8,347 12,633 14,517 26,857
Product        
Revenue        
Total Revenue 5,760 10,406 10,936 22,858
Cost of revenue        
Total Cost of revenue [1] $ 5,743 $ 10,470 $ 10,776 $ 22,696
[1] Includes depreciation and amortization expense for the three months ended June 30, 2025 and 2024 and for the six months ended June 30, 2025 and 2024 of $2,546, $3,430, $4,894, and $8,119, respectively.
[2] Includes impairment of other assets for the three months ended June 30, 2025 and 2024 and for the six months ended June 30, 2025 and 2024 of $2,919, $180, $2,919, and $180, respectively.