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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Statement [Abstract]        
Net revenue $ 127,967 $ 108,891 $ 371,205 $ 557,349
Costs of revenue 37,835 36,383 117,559 311,068
Gross profit 90,132 72,508 253,646 246,281
Operating expenses (benefit):        
Compensation and benefits 100,964 102,433 299,120 350,592
Technology 16,317 13,930 44,204 41,674
Professional services 4,759 4,197 13,437 14,507
Occupancy 1,178 1,074 3,476 3,285
Depreciation and amortization 4,448 3,108 11,941 7,582
Marketing and advertising 582 346 1,688 1,348
Other operating expenses 4,115 3,833 11,438 14,171
Executive chairman long-term performance award 0 13,413 (144,617) 39,801
Total operating expenses 132,363 142,334 240,687 472,960
(Loss) income from operations (42,231) (69,826) 12,959 (226,679)
Other income, net 13,703 15,074 41,845 37,508
(Loss) income before income tax expense (28,528) (54,752) 54,804 (189,171)
Income tax expense (benefit) 115 238 399 (6,584)
Net (loss) income (28,643) (54,990) 54,405 (182,587)
Other comprehensive income (loss), net of taxes:        
Change in foreign currency translation adjustment 125 (200) (72) (81)
Net change in unrealized (loss) gain on short-term investments 1,981 (162) 143 5,480
Net other comprehensive income (loss) 2,106 (362) 71 5,399
Comprehensive (loss) income $ (26,537) $ (55,352) $ 54,476 $ (177,188)
Net (loss) income per share attributable to Class A and Class B common stockholders        
Basic (in dollars per share) $ (0.06) $ (0.10) $ 0.11 $ (0.34)
Diluted (in dollars per share) $ (0.06) $ (0.10) $ 0.10 $ (0.34)
Weighted-average shares used in computing net (loss) income per share attributable to Class A and Class B common stockholders        
Basic (in shares) 507,160,000 529,489,000 513,678,000 535,797,000
Diluted (in shares) 507,160,000 529,489,000 522,394,000 535,797,000