In the three months ended March 31, 2026, the Company began implementing restructuring plans to simplify and scale certain processes, functions, and team capabilities.

Restructuring costs incurred include severance and related termination benefits, and lease exit costs associated with changes to the Company’s leased facilities in Israel and Ireland, including impairments of property and equipment, as the Company evaluates updates to its operations in those locations. These specific restructuring initiatives are expected to be completed by December 31, 2026.

The Company incurred charges of $4.2 million and $15.8 million for the three and six months ended June 30, 2026, respectively, related to these initiatives. There were no restructuring costs during the three and six months ended June 30, 2025 related to these initiatives.

The following table presents the restructuring costs included within the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2026:


	Three Months Ended June 30,		Six Months Ended June 30,
(in thousands)	2026		2026
Customer support and operations	$	—	$	1,644
Marketing	1,979		3,688
Technology and development	1,475		4,938
General and administrative	791		5,513
Total restructuring costs	$	4,245	$	15,783

The following table presents the changes in liabilities by major type of cost, including expenses incurred and cash payments resulting from the restructuring costs and related accruals, during the six months ended June 30, 2026:


(in thousands)	Severance and related termination benefits(1)		Lease exit and other related costs
Balance as of December 31, 2025	$	—	$	—
Expenses incurred	13,704		2,079
Cash payments	(9,791)		—
Noncash charges(2)	—		(2,079)
Balance as of June 30, 2026	$	3,913	$	—

(1) Accrued restructuring liability associated with these costs is included within “Accrued expenses and other current liabilities” on the Condensed Consolidated Balance Sheets.

(2) Noncash charges includes noncash write-offs of right-of-use assets and property and equipment.