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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income (loss) $ (14,091) $ 28,149
Less: Income (loss) from discontinued operations, net of tax (46) (471)
Income (loss) from continuing operations (14,045) 28,620
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization of property, equipment and software 7,589 9,273
Amortization of acquired intangible assets 662 761
Stock-based compensation 20,241 16,476
Amortization of debt discount (premium) on convertible senior notes (1,786) 890
Deferred income taxes 3,459 562
Foreign currency (gains) losses, net 3,022 (19,973)
Gain on sale of business 0 (10,650)
Change in assets and liabilities:    
Accounts receivable 1,888 4,369
Prepaid expenses and other current assets (5,400) (2,969)
Right-of-use assets - operating leases 1,914 1,508
Accounts payable 12,749 (872)
Accrued merchant and supplier payables (33,312) 1,108
Accrued expenses and other current liabilities 13,737 11,306
Operating lease obligations (2,167) (1,856)
Other, net (382) (10,156)
Net cash provided by (used in) operating activities from continuing operations 8,169 28,397
Net cash provided by (used in) operating activities from discontinued operations 0 0
Net cash provided by (used in) operating activities 8,169 28,397
Investing activities    
Purchases of property and equipment and capitalized software (6,664) (6,967)
Proceeds from sale of business, net 0 13,991
Net cash provided by (used in) investing activities from continuing operations (6,664) 7,024
Net cash provided by (used in) investing activities from discontinued operations 0 0
Net cash provided by (used in) investing activities (6,664) 7,024
Financing activities    
Repayment of Notes (33,740) 0
Payments for purchases of treasury stock (31,433) 0
Taxes paid related to net share settlements of stock-based compensation awards (3,821) (2,457)
Other financing activities (502) (681)
Net cash provided by (used in) financing activities (69,496) (3,138)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (1,598) 1,842
Net increase (decrease) in cash, cash equivalents and restricted cash (69,589) 34,125
Less: Net increase (decrease) in cash classified within current assets of discontinued operations 0 0
Net increase (decrease) in cash, cash equivalents and restricted cash (69,589) 34,125
Cash, cash equivalents and restricted cash, beginning of period [1] 325,612 262,569
Cash and cash equivalents 226,250 262,575
Restricted cash included in prepaid expenses and other current assets 29,773 34,119
Cash, cash equivalents and restricted cash, end of period [1] 256,023 296,694
Cash activity:    
Cash paid for interest 7,616 4,275
Income tax payments 5,128 11,796
Cash paid for amounts included in the measurement of operating lease liabilities 1,972 (199)
Non-cash investing activity from continuing operations:    
Right-of-use assets obtained in exchange for operating lease liabilities 516 2,779
Increase in liabilities related to purchases of property and equipment and capitalized software $ 34 $ 72
[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 June 30, 2026, December 31, 2025, June 30, 2025 and December 31, 2024 (in thousands):
June 30, 2026December 31, 2025June 30, 2025December 31, 2024
Cash and cash equivalents$226,250 $296,080 $262,575 $228,843 
Restricted cash included in prepaid expenses and other current assets29,773 29,532 34,119 33,726 
Cash, cash equivalents and restricted cash$256,023 $325,612 $296,694 $262,569 
Six Months Ended June 30,
20262025
Supplemental disclosure of cash flow information from continuing operations
Cash activity:
Cash paid for interest$7,616 $4,275 
Income tax payments5,128 11,796 
Cash paid for amounts included in the measurement of operating lease liabilities1,972 (199)
Non-cash investing activity from continuing operations:
Right-of-use assets obtained in exchange for operating lease liabilities$516 $2,779 
Increase in liabilities related to purchases of property and equipment and capitalized software34 $72