XML 22 R5.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Revenue $ 1,745,188 $ 1,770,645 $ 1,367,719
Costs and expenses:      
Cost of revenue (exclusive of depreciation and amortization shown separately below) 313,984 334,102 231,870
Operations and support 63,229 59,451 66,611
Sales and marketing 971,717 827,972 517,795
General and administrative 1,714,628 386,531 275,456
Depreciation and amortization 25,604 24,532 22,753
Total costs and expenses 3,089,162 1,632,588 1,114,485
(Loss) income from operations (1,343,974) 138,057 253,234
Interest income 42,412 41,118 22,514
Interest expense (140,035) (179,778) (155,942)
Other income (expense), net 4,552 1,907 (1,784)
Foreign currency (losses) gains (89,664) 41,070 (24,730)
Loss on extinguishment of debt (18,492) (8,216) 0
(Losses) gains on derivatives (139) 3,101 (7,696)
Total other expense, net (201,366) (100,798) (167,638)
(Loss) income before income taxes (1,545,340) 37,259 85,596
(Provision) benefit for income taxes (360,594) (40,059) 319,605
Net (loss) income (1,905,934) (2,800) 405,201
Net (loss) income used in basic computation (1,992,391) (55,115) 351,502
Net (loss) income attributable to common stockholders $ (1,992,391) $ (55,115) $ 351,502
Net (loss) income per share attributable to common stockholders:      
Basic (in dollars per share) $ (6.25) $ (0.18) $ 1.16
Diluted (in dollars per share) $ (6.27) $ (0.18) $ 1.14
Weighted-average shares used in computing net (loss) income per share attributable to common stockholders:      
Basic (in shares) 318,572,309 304,359,896 302,074,813
Diluted ( in shares) 319,233,573 304,359,896 307,815,519