v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue:      
Total revenue $ 759,606 $ 637,156 $ 481,234
Operating expenses:      
Operations and technology 182,674 162,700 140,959
Selling, general, and administrative 234,991 217,435 166,510
Depreciation and amortization 43,724 36,685 18,988
Total operating expenses 822,797 721,261 570,911
Loss from operations (63,191) (84,105) (89,677)
Other (expense) income:      
Interest income 8,008 9,337 16,507
Interest expense (9,620) (4,244) (1,565)
Total other (expense) income (1,612) 5,093 14,942
Total loss before income taxes (64,803) (79,012) (74,735)
Provision for income taxes 1,338 688 526
Net loss $ (66,141) $ (79,700) $ (75,261)
Weighted-average shares - basic (in shares) 170,584 164,851 159,953
Weighted-average shares - diluted (in shares) 170,584 164,851 159,953
Net loss per share - basic (in dollars per share) $ (0.39) $ (0.48) $ (0.47)
Net loss per share - diluted (in dollars per share) $ (0.39) $ (0.48) $ (0.47)
Marketplace and service      
Revenue:      
Total revenue $ 677,964 $ 572,971 $ 422,527
Operating expenses:      
Cost of revenue (excluding depreciation & amortization) 288,120 248,210 192,707
Customer assurance      
Revenue:      
Total revenue 81,642 64,185 58,707
Operating expenses:      
Cost of revenue (excluding depreciation & amortization) $ 73,288 $ 56,231 $ 51,747

Source

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