v3.25.3
Segments (Tables)
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The table below highlights the segment’s revenue, expenses, and net income for the three and nine months ended September 30, 2025 and 2024 (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Revenue$598,976 $401,556 $1,729,819 $995,375 
Less:
Cost of revenue156,918 83,670 440,876 191,781 
Customer acquisition costs202,574 160,654 592,542 397,677 
Employee compensation included within:
Marketing9,828 9,046 31,839 26,711 
Operations and support30,771 18,617 81,136 52,253 
Technology and development13,992 10,517 43,322 27,684 
General and administrative18,961 11,847 53,238 34,517 
Stock-based compensation included within:
Marketing3,116 2,458 9,325 6,755 
Operations and support5,452 2,605 13,037 7,462 
Technology and development4,842 3,310 14,134 8,710 
General and administrative26,762 16,526 64,260 45,046 
Depreciation and amortization expense included within operating expenses16,802 3,842 34,138 9,862 
Interest income and expense, net(8,008)(2,637)(16,721)(7,608)
Income tax benefit(3,551)(51,995)(2,193)(50,593)
Other segment items*104,743 57,508 263,122 145,105 
Segment net income15,774 75,588 107,764 100,013 
Reconciliation of profit or loss
Adjustments and reconciling items— — — — 
Consolidated net income$15,774 $75,588 $107,764 $100,013 

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(*)    Other segment items included in segment net income primarily consist of professional services, fulfillment, transaction processing, technology, and other general operating costs.