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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Statement [Abstract]        
Net revenue $ 125,270 $ 231,115 $ 243,237 $ 448,456
Costs of revenue 45,917 146,506 79,725 274,685
Gross profit 79,353 84,609 163,512 173,771
Operating (benefit) expenses:        
Compensation and benefits 103,166 113,521 198,156 248,159
Technology 14,769 13,154 27,887 27,744
Professional services 4,808 4,873 8,678 10,310
Occupancy 1,204 1,057 2,298 2,211
Depreciation and amortization 3,956 2,494 7,493 4,474
Marketing and advertising 728 561 1,106 1,002
Other operating expenses 3,418 5,103 7,322 10,336
Executive chairman long-term performance award (157,738) 13,267 (144,617) 26,388
Total operating (benefit) expenses (25,689) 154,030 108,323 330,624
Income (loss) from operations 105,042 (69,421) 55,189 (156,853)
Other income, net 14,216 10,762 28,143 22,434
Income (loss) before income tax expense 119,258 (58,659) 83,332 (134,419)
Income tax expense (benefit) 150 138 284 (6,821)
Net income (loss) 119,108 (58,797) 83,048 (127,598)
Other comprehensive income (loss), net of taxes:        
Change in foreign currency translation adjustment (85) 100 (197) 119
Net change in unrealized (loss) gain on short-term investments (364) 1,607 (1,838) 5,642
Net other comprehensive (loss) income (449) 1,707 (2,035) 5,761
Comprehensive income (loss) $ 118,659 $ (57,090) $ 81,013 $ (121,837)
Net income (loss) per share attributable to Class A and Class B common stockholders        
Basic (in dollars per share) $ 0.23 $ (0.11) $ 0.16 $ (0.24)
Diluted (in dollars per share) $ 0.23 $ (0.11) $ 0.16 $ (0.24)
Weighted-average shares used in computing net income (loss) per share attributable to Class A and Class B common stockholders        
Basic (in shares) 515,959,000 538,267,000 516,973,000 538,989,000
Diluted (in shares) 524,401,000 538,267,000 525,415,000 538,989,000