XML 52 R39.htm IDEA: XBRL DOCUMENT v3.26.1
Segment Reporting (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
The following table reconciles the significant segment expenses regularly provided to the Company’s CODM for the three and six months ended June 30, 2026 and 2025, to the primary measure of segment profitability, net income:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2026202520262025
Revenue$495,156 $411,852 $947,958 $773,476 
Significant segment expenses:
Transaction expenses(161,174)(143,756)(306,114)(265,149)
Customer support and operations, excluding stock-based compensation expense(1)
(26,222)(24,621)(52,724)(46,938)
Marketing, excluding stock-based compensation expense and advertising expense(1)(2)
(15,244)(15,685)(30,262)(31,398)
Technology and development, excluding stock-based compensation expense(1)
(58,110)(55,623)(120,555)(108,237)
General and administrative, excluding stock-based compensation expense(1)
(43,313)(48,588)(90,564)(91,245)
Advertising expense(83,614)(64,544)(152,785)(118,053)
Stock-based compensation expense, net(34,491)(38,066)(62,027)(73,858)
Other segment disclosures:
Depreciation and amortization(6,307)(6,326)(12,506)(11,722)
Interest income1,485 2,061 3,138 3,848 
Interest expense(3,152)(1,650)(5,589)(2,949)
Benefit from (provision for) income taxes141,264 (1,578)138,242 (5,168)
Other segment expense, net(3)
(370)(6,940)(1,251)(4,719)
Net income
$205,908 $6,536 $254,961 $17,888 
__________________
(1) The significant segment expenses reported within the Condensed Consolidated Statements of Operations are presented in this table excluding stock-based compensation expense, net. Stock-based compensation expense, net is presented separately as an additional significant segment expense and is regularly provided to the CODM. Refer to Note 12. Stock-Based Compensation and Note 6. Property and Equipment.
(2) The significant segment expense reported within the Condensed Consolidated Statements of Operations is presented in this table excluding advertising expense. Advertising expense is presented separately as an additional significant segment expense and is regularly provided to the CODM. Advertising expense is included in ‘Marketing expense’ as described in Note 2. Basis of Presentation and Summary of Significant Accounting Policies.
(3) Other segment expense, net includes ‘Other expense, net’, which is described in Note 2. Basis of Presentation and Summary of Significant Accounting Policies in the notes to the consolidated financial statements included in Part II, Item 8 in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.