Goodwill and Internal Use Software and Other Intangible Assets, Net

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Internal Use Software and Other Intangible Assets, Net

6. Goodwill and Internal Use Software and Other Intangible Assets, Net

Changes in the carrying amount of goodwill, net consisted of the following:

	Nine Months Ended September 30,
(Amounts in thousands)	2025		2024
Balance at beginning of period	$	23,615	$	32,390
Goodwill impairment	(488)		—
Effect of foreign currency exchange rate changes	1,386		1,013
Balance at end of period	$	24,513	$	33,403

For the three months ended September 30, 2025 and 2024, no impairment of goodwill was recognized. For the nine months ended September 30, 2025 and 2024, the Company recorded goodwill impairment charges of $0.5 million and

none, respectively, which is included within other expenses/(income) in the condensed consolidated statements of operations and comprehensive loss. The goodwill impairment is related to entities in the U.K. for which management has classified as held for sale, see Note 8.

Internal use software and other intangible assets, net consisted of the following:

	As of September 30, 2025
(Amounts in thousands, except useful lives)	Weighted Average Useful Lives (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Intangible assets with finite lives
Internal use software and website development	3.4	$	158,241	$	(139,263)	$	18,978
Intellectual property and other	5.5	2,627		(1,939)		688
Total Intangible assets with finite lives, net		160,868		(141,202)		19,666
Intangible assets with indefinite lives
Domain name		1,820		—		1,820
Licenses and other		34		—		34
Total Internal use software and other intangible assets, net		$	162,722	$	(141,202)	$	21,520

	As of December 31, 2024
(Amounts in thousands, except useful lives)	Weighted Average Useful Lives (in years)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Intangible assets with finite lives
Internal use software and website development	3.0	$	147,994	$	(129,487)	$	18,507
Intellectual property and other	6.0	869		(291)		578
Total Intangible assets with finite lives, net		148,863		(129,778)		19,085
Intangible assets with indefinite lives
Domain name		1,820		—		1,820
Licenses and other		31		—		31
Total Internal use software and other intangible assets, net		$	150,714	$	(129,778)	$	20,936

The Company capitalized $2.8 million and $2.5 million in internal use software and website development costs during the three months ended September 30, 2025 and 2024, respectively. Included in capitalized internal use software and website development costs are $0.3 million and $0.4 million of stock-based compensation costs for the three months ended September 30, 2025 and 2024, respectively. Amortization expense totaled $3.3 million and $6.0 million during the three months ended September 30, 2025 and 2024, respectively. For the three months ended September 30, 2025 and 2024, no impairment was recognized relating to intangible assets.

The Company capitalized $8.5 million and $5.4 million in internal use software and website development costs during the nine months ended September 30, 2025 and 2024, respectively. Included in capitalized internal use software and website development costs are $1.1 million and $1.3 million of stock-based compensation costs for the nine months ended September 30, 2025 and 2024, respectively. Amortization expense totaled $10.1 million and $21.1 million during the nine months ended September 30, 2025 and 2024, respectively. For the nine months ended September 30, 2025 and 2024, no impairment was recognized relating to intangible assets.