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Stock-Based Compensation | 6 Months Ended
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Jun. 30, 2026
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation | 8. Stock-Based Compensation The Company has stock-based compensation plans, which are more fully described in Note 9, Stock-Based Compensation Plans, to the consolidated financial statements included in the 2025 10-K. During the six months ended June 30, 2026, the Company granted restricted stock units subject to service condition (“RSUs”) and performance-based restricted stock units subject to service and performance conditions (“PSUs”). Stock-Based Compensation Expense The following table provides information about stock-based compensation expense by financial statement line item:
|  | Three Months Ended |  | Six Months Ended
|  | June 30, 2026 |  | June 30, 2025 |  | June 30, 2026 |  | June 30, 2025
|  | (in thousands)
Operations, product, and technology |  | $ | 2,625 |  |  | $ | 2,306 |  |  | $ | 5,059 |  |  | $ | 4,951 |
Marketing |  | 257 |  |  | 112 |  |  | 476 |  |  | 226 |
Sales, general, and administrative |  | 3,043 |  |  | 2,082 |  |  | 5,893 |  |  | 4,843 |
Total stock-based compensation expense |  | $ | 5,925 |  |  | $ | 4,500 |  |  | $ | 11,428 |  |  | $ | 10,020 |
Stock-based compensation expense capitalized in internal use software was not material for the three and six months ended June 30, 2026 and 2025. Stock Options The following table summarizes the activities for all stock options under the Company’s stock-based compensation plans for the six months ended June 30, 2026:
|  | Number of Options Outstanding |  | Weighted-Average Exercise Price Per Share |  | Weighted-Average Remaining Contractual Life |  | Aggregate Intrinsic Value (1)
|  | (in thousands) |  |  |  |  |  | (in thousands)
Outstanding as of December 31, 2025 |  | 9,411 |  |  | $ | 2.16 |  |  | 3.30 years |  | $ | 39,825 |
Granted |  | — |  |  | $ | — |  |  |  |  |
Exercised |  | (837) |  |  | $ | 2.05 |  |  |  |  |
Forfeited or expired |  | (24) |  |  | $ | 3.26 |  |  |  |  |
Outstanding as of June 30, 2026 |  | 8,550 |  |  | $ | 2.17 |  |  | 2.95 years |  | $ | 40,017 |
Exercisable as of June 30, 2026 |  | 8,550 |  |  | $ | 2.17 |  |  | 2.95 years |  | $ | 40,017 |
(1) The intrinsic value is the amount by which the current market value of the underlying stock exceeds the exercise price of the stock awards. As of June 30, 2026, there was no unrecognized compensation cost related to nonvested stock options. RSUs and PSUs The following table summarizes the activities for all RSUs and PSUs, under the Company’s stock-based compensation plans for the six months ended June 30, 2026:
|  | Number of Shares |  | Weighted-Average Grant Date Fair Value Per Share
|  | (in thousands) |  |
Outstanding and nonvested as of December 31, 2025 |  | 8,930 |  |  | $ | 3.78 |
Granted (1) |  | 3,906 |  |  | $ | 4.15 |
Vested |  | (3,288) |  |  | $ | 3.56 |
Forfeited |  | (360) |  |  | $ | 3.82 |
Outstanding and nonvested as of June 30, 2026 |  | 9,188 |  |  | $ | 4.01 |
(1) Includes 869 thousand PSUs at target, with a weighted-average grant-date fair value of $3.39. Actual shares earned may range from 0% to 200% of target based on the achievement of applicable performance conditions. As of June 30, 2026, the total unrecognized compensation cost related to all nonvested RSUs and PSUs was $34.4 million, of which $2.6 million was related to PSUs, and the related weighted-average period over which it is expected to be recognized was approximately two years.

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