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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE 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]        
Revenue $ 193,776 $ 175,733 $ 577,842 $ 505,202
Cost of revenue 43,408 43,273 131,453 124,582
Gross profit 150,368 132,460 446,389 380,620
Operating expenses        
Research and development 50,411 43,419 155,792 131,146
Sales and marketing 46,093 47,308 141,277 171,377
General and administrative 31,276 28,652 93,201 86,922
Provision for transaction losses 1,795 1,615 4,496 10,863
Total operating expenses 129,575 120,994 394,766 400,308
Income (loss) from operations 20,793 11,466 51,623 (19,688)
Other income, net 8,091 5,766 20,433 52,748
Income before income taxes 28,884 17,232 72,056 33,060
Income tax provision (1,126) (895) (3,636) (3,547)
Net income $ 27,758 $ 16,337 $ 68,420 $ 29,513
Net income (loss) per share:        
Basic (in dollars per share) $ 0.21 $ 0.12 $ 0.51 $ 0.22
Diluted (in dollars per share) $ 0.20 $ 0.12 $ 0.50 $ (0.06)
Weighted-average shares used to compute net income (loss) per share        
Basic (in shares) 132,603,307 135,449,848 133,404,102 134,152,107
Diluted (in shares) 139,294,133 137,290,635 140,552,454 135,184,166
Other comprehensive income, net of tax:        
Net unrealized holding gain on marketable securities, net $ 1,751 $ 472 $ 1,017 $ 2,692
Total comprehensive income $ 29,509 $ 16,809 $ 69,437 $ 32,205