XML 11 R2.htm IDEA: XBRL DOCUMENT v3.25.3
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 178,834 $ 304,193
Accounts receivable, net of allowance for doubtful accounts of $1,186 and $788, respectively 39,612 44,248
Inventory 0 338
Prepaid expenses, prepaid income taxes and other current assets 36,078 27,868
Deferred contract costs 14,843 12,523
Restricted cash 21 2,036
Total current assets 269,388 391,206
Property and equipment, net 132,934 130,010
Intangible assets, net 3,493 11,767
Goodwill 28,409 46,167
Operating lease right-of-use assets 116,665 121,484
Deferred tax assets 92,706 106,672
Deferred contract costs, net of current portion 12,842 13,196
Other non-current assets 4,035 4,034
Total assets 660,472 [1] 824,536
Current liabilities    
Accounts payable 30,350 26,410
Accrued expenses, accrued income taxes and other current liabilities 30,546 35,975
Deferred revenue 23,643 21,661
Operating lease liabilities 9,317 9,005
Total current liabilities 93,856 93,051
Operating lease liabilities 183,944 183,739
Deferred tax liabilities 26 26
Other non–current liabilities 7,197 6,031
Total liabilities 285,023 282,847
Commitments and contingencies (Note 10)
Stockholders' equity    
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized; no shares issued and outstanding
Additional paid-in capital 6,776 169,013
Retained earnings 367,187 375,119
Accumulated other comprehensive income (loss) 1,390 (2,547)
Total stockholders’ equity 375,449 541,689
Total liabilities and stockholders' equity 660,472 824,536
Class A Common Stock    
Stockholders' equity    
Common stock 82 89
Class B Common Stock    
Stockholders' equity    
Common stock $ 14 $ 15
[1] During the three months ended September 30, 2024, the Company reallocated certain assets from the Digital Wholesale segment to the U.S. Marketplace segment to reflect the ongoing costs that will continue following the CarOffer wind-down.