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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUES $ 26,228 $ 25,827 $ 48,975 $ 61,823
EXPENSES (INCOME)        
Web3 platform expenses 12,317 12,603 25,159 23,231
Partnership expenses 3,663 2,127 7,063 6,392
Payment processing expenses 4,350 0 4,350 0
General and administrative 44,712 18,817 60,170 33,135
Loss (gain) on digital assets, net 6,981 (52,500) 43,394 (23,691)
Loss (gain) on disposed investments 2 (2,000) 2 (2,000)
Impairment on other assets 2 0 413 137
Staking and other (income) loss (2,590) (113) (2,700) 23
Gain on debt extinguishment (20,377) 0 (20,377) 0
Other loss, net 74 15 77 462
Interest income (1,435) (586) (6,294) (1,589)
Interest expense 261 0 261 0
(Loss) income before income taxes (21,732) 47,464 (62,543) 25,723
INCOME TAX BENEFIT (EXPENSE) 3,120 (9,797) 11,792 (929)
NET (LOSS) INCOME (18,612) 37,667 (50,751) 24,794
OTHER COMPREHENSIVE LOSS        
Foreign currency translation adjustment (2,300) (1,059) (2,199) (1,313)
COMPREHENSIVE (LOSS) INCOME $ (20,912) $ 36,608 $ (52,950) $ 23,481
Common Class A        
Net (loss) income per share        
Basic net (loss) income per share of common stock (in dollars per share) $ (0.62) $ 1.28 $ (1.70) $ 0.86
Diluted net (loss) income per share of common stock (in dollars per share) $ (0.62) $ 1.12 $ (1.70) $ 0.78
Weighted average number of shares and share equivalents outstanding        
Weighted average number of shares used in basic computation (in shares) 10,825 9,819 10,681 9,147
Weighted average number of shares used in diluted computation (in shares) 10,825 12,500 10,681 11,790
Common Class B        
Net (loss) income per share        
Basic net (loss) income per share of common stock (in dollars per share) $ (0.62) $ 1.28 $ (1.70) $ 0.86
Diluted net (loss) income per share of common stock (in dollars per share) $ (0.62) $ 1.12 $ (1.70) $ 0.78
Weighted average number of shares and share equivalents outstanding        
Weighted average number of shares used in basic computation (in shares) 19,185 19,641 19,185 19,546
Weighted average number of shares used in diluted computation (in shares) 19,185 21,021 19,185 20,172