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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Operating activities    
Net income (loss) $ (89,633) $ (6,396)
Less: Income (loss) from discontinued operations, net of tax (471) 0
Income (loss) from continuing operations (89,162) (6,396)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of property, equipment and software 13,213 21,903
Amortization of acquired intangible assets 1,122 2,609
Stock-based compensation 27,585 17,682
Foreign currency (gains) losses, net (22,066) (4,801)
Foreign VAT assessments 0 8,692
Gain on sale of assets 0 (5,160)
Gain on sale of business (10,650) 0
Italy unrecognized tax benefit expense 25,368 0
Loss on extinguishment of debt 99,925 0
Change in assets and liabilities:    
Accounts receivable 7,049 10,678
Prepaid expenses and other current assets (6,064) 19,294
Right-of-use assets - operating leases 2,407 1,830
Accounts payable (2,360) (2,290)
Accrued merchant and supplier payables (21,804) (57,749)
Accrued expenses and other current liabilities 1,015 (9,616)
Operating lease obligations (2,731) (4,618)
Payment for early lease termination 0 (1,832)
Other, net (14,956) (1,295)
Net cash provided by (used in) operating activities from continuing operations 7,891 (11,069)
Net cash provided by (used in) operating activities from discontinued operations 0 0
Net cash provided by (used in) operating activities 7,891 (11,069)
Investing activities    
Purchases of property and equipment and capitalized software (11,049) (11,591)
Proceeds from sale of assets, net 0 9,116
Proceeds from sale of business, net 15,049 0
Acquisitions of intangible assets and other investing activities 0 (595)
Net cash provided by (used in) investing activities from continuing operations 4,000 (3,070)
Net cash provided by (used in) investing activities from discontinued operations 0 0
Net cash provided by (used in) investing activities 4,000 (3,070)
Financing activities    
Issuance costs for 2030 Notes (2,296) 0
Payments of borrowings under revolving credit agreement 0 (42,776)
Proceeds from Rights Offering, net of issuance costs 0 79,619
Taxes paid related to net share settlements of stock-based compensation awards (5,680) (1,457)
Proceeds from settlement of Capped Call Transactions 2,732 0
Other financing activities (1,169) (2,457)
Net cash provided by (used in) financing activities (6,413) 32,929
Effect of exchange rate changes on cash, cash equivalents and restricted cash (241) 1,788
Net increase (decrease) in cash, cash equivalents and restricted cash 5,237 20,578
Cash, cash equivalents and restricted cash, beginning of period [1] 262,569 167,638
Cash, cash equivalents and restricted cash, end of period [1] 267,806 188,216
Cash activity:    
Cash paid for interest 8,795 3,013
Income tax payments 17,511 10,527
Cash paid for amounts included in the measurement of operating lease liabilities 2,917 4,559
Non-cash investing activity from continuing operations:    
Right-of-use assets obtained in exchange for operating lease liabilities 3,299 2,383
Increase (decrease) in liabilities related to purchases of property and equipment and capitalized software $ (206) $ 185
[1] The following table provides a reconciliation of Cash, cash equivalents and restricted cash shown above to amounts reported within the Condensed Consolidated Balance Sheets as of September 30, 2025, December 31, 2024, September 30, 2024 and December 31, 2023 (in thousands):
September 30, 2025December 31, 2024September 30, 2024December 31, 2023
Cash and cash equivalents$238,451 $228,843 $159,710 $141,563 
Restricted cash included in prepaid expenses and other current assets29,355 33,726 28,506 26,075 
Cash, cash equivalents and restricted cash$267,806 $262,569 $188,216 $167,638