XML 25 R14.htm IDEA: XBRL DOCUMENT v3.25.3
Revenue
9 Months Ended
Sep. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The following table summarizes the primary components of Marketplace and service revenue. The level of disaggregation takes into consideration how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors (in thousands):
Three months ended September 30,Nine months ended September 30,
2025202420252024
Auction marketplace revenue$87,753 $84,894 $270,004 $227,656 
Other marketplace revenue80,290 62,748 223,363 177,671 
Data services revenue8,467 8,266 25,075 24,521 
Marketplace and service revenue$176,510 $155,908 $518,442 $429,848 
Contract liabilities represent consideration collected prior to satisfying performance obligations. The Company had $6.4 million and $4.5 million of contract liabilities included in Accrued other liabilities on the Condensed Consolidated Balance Sheets at September 30, 2025 and December 31, 2024, respectively. Revenue recognized for the three months ended September 30, 2025 from amounts included in deferred revenue as of June 30, 2025 was $5.8 million. Revenue recognized for the nine months ended September 30, 2025 from amounts included in deferred revenue as of December 31, 2024 was $4.5 million. All of the remaining performance obligations for contracts are expected to be recognized within one year.