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Condensed Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Total revenue $ 144,934 $ 130,855 $ 288,734 $ 272,759
Cost of revenue:        
Total cost of revenue 37,468 44,681 73,989 96,602
Gross profit 107,466 86,174 214,745 176,157
Operating expenses:        
Marketing 13,759 15,351 29,042 32,869
Operations and technology 65,422 65,575 128,394 133,607
Selling, general and administrative 47,082 44,326 93,852 94,171
Restructuring charges 0 1,864 196 38,252
Total operating expenses 126,263 127,116 251,484 298,899
Loss from operations (18,797) (40,942) (36,739) (122,742)
Change in fair value of warrant liability 5,630 0 (9,953) 0
Gain on extinguishment of debt 0 0 4,177 0
Interest income 2,263 2,404 4,332 4,457
Interest expense (5,769) (2,678) (9,520) (5,345)
Loss before provision for income taxes (16,673) (41,216) (47,703) (123,630)
Provision for income taxes 35 114 106 200
Net loss attributable to common stockholders $ (16,708) $ (41,330) $ (47,809) $ (123,830)
Net loss per share attributable to common stockholders        
Basic (in dollars per share) $ (0.16) $ (0.41) $ (0.45) $ (1.23)
Diluted (in dollars per share) $ (0.20) $ (0.41) $ (0.45) $ (1.23)
Shares used to compute net loss per share attributable to common stockholders        
Basic (in shares) 106,882,054 100,973,105 106,047,054 100,294,359
Diluted (in shares) 111,117,389 100,973,105 106,047,054 100,294,359
Consignment revenue        
Revenue:        
Total revenue $ 112,714 $ 96,577 $ 228,362 $ 199,220
Cost of revenue:        
Total cost of revenue 13,108 14,575 26,388 30,104
Direct revenue        
Revenue:        
Total revenue 16,724 20,887 29,433 45,840
Cost of revenue:        
Total cost of revenue 13,760 20,446 26,045 45,476
Shipping services revenue        
Revenue:        
Total revenue 15,496 13,391 30,939 27,699
Cost of revenue:        
Total cost of revenue $ 10,600 $ 9,660 $ 21,556 $ 21,022