Updated May 7, 2025, 10:56 PM UTC
| Income Statement - Metric | Q1 2021 | Q2 2021 | Q3 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Marketplace and service revenue (USD, thousands) | 103,767.00 | 422,527 | 129,814 | 144,126 | 155,908 | 143,123.00 | 572,971 | - | ||||||||||||
| Customer assurance revenue (USD, thousands) | 14,610.00 | 58,707 | 15,875 | 16,498 | 15,421 | 16,391.00 | 64,185 | - | ||||||||||||
| Total revenue (USD, thousands) | 118,377.00 | 481,234 | 145,689 | 160,624 | 171,329 | 159,514.00 | 637,156 | - | ||||||||||||
| Marketplace and service cost of revenue (excluding depreciation & amortization) (USD, thousands) | 46,975.00 | 192,707 | 55,693 | 64,253 | 67,064 | 61,200.00 | 248,210 | - | ||||||||||||
| Customer assurance cost of revenue (excluding depreciation & amortization) (USD, thousands) | 13,666.00 | 51,747 | 12,814 | 14,558 | 14,176 | 14,683.00 | 56,231 | - | ||||||||||||
| Operations and technology (USD, thousands) | 34,864.00 | 140,959 | 38,069 | 39,694 | 42,539 | 42,398.00 | 162,700 | - | ||||||||||||
| Selling, general, and administrative (USD, thousands) | 42,736.00 | 166,510 | 53,853 | 51,912 | 54,973 | 56,697.00 | 217,435 | - | ||||||||||||
| Depreciation and amortization (USD, thousands) | 6,902.00 | 18,988 | 7,787 | 8,848 | 9,716 | 10,334.00 | 36,685 | - | ||||||||||||
| Total operating expenses (USD, thousands) | 145,143.00 | 570,911 | 168,216 | 179,265 | 188,468 | 185,312.00 | 721,261 | - | ||||||||||||
| Loss from operations (USD, thousands) | (26,766.00) | (89,677) | (22,527) | (18,641) | (17,139) | (25,798.00) | (84,105) | - | ||||||||||||
| Interest income (USD, thousands) | 4,002.00 | 16,507 | 3,031 | 2,329 | 2,050 | 1,927.00 | 9,337 | - | ||||||||||||
| Interest expense (USD, thousands) | (360.00) | (1,565) | (535) | (606) | (1,077) | (2,026.00) | (4,244) | - | ||||||||||||
| Total other income (expense) (USD, thousands) | 3,642.00 | 14,942 | 2,496 | 1,723 | 973 | (99.00) | 5,093 | - | ||||||||||||
| Loss before income taxes (USD, thousands) | (23,124.00) | (74,735) | (20,031) | (16,918) | (16,166) | (25,897.00) | (79,012) | - | ||||||||||||
| Provision for income taxes (USD, thousands) | 117.00 | 526 | 440 | 145 | (137) | 240.00 | 688 | - | ||||||||||||
| Net income (loss) (USD, thousands) | (23,241.00) | (75,261) | (20,471) | (17,063) | (16,029) | (26,137.00) | (79,700) | - | ||||||||||||
| Weighted-average shares - basic and diluted (Shares) | (318,633,944.00) | 159,952,813 | 162,889,642 | 164,383,588 | 165,723,168 | (328,145,699.00) | 164,850,699 | - | ||||||||||||
| Net loss per share - basic and diluted (USD per share) | (0.15) | (0.47) | (0.13) | (0.10) | (0.10) | (0.15) | (0.48) | - | ||||||||||||
| Balance Sheet - Metric | Q1 2021 | Q2 2021 | Q3 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| Cash and cash equivalents (USD, thousands) | 182,571 | 182,571 | 209,845 | - | - | - | - | - | ||||||||||||
| Marketable securities (USD, thousands) | 228,761 | 228,761 | 131,631 | - | - | - | - | - | ||||||||||||
| Trade Receivables, Net (USD, thousands) | 164,009 | 164,009 | 219,305 | - | - | - | - | - | ||||||||||||
| Finance Receivables, Net (USD, thousands) | 119,034 | 119,034 | 121,047 | - | - | - | - | - | ||||||||||||
| Other current assets (USD, thousands) | 12,524 | 12,524 | 14,398 | - | - | - | - | - | ||||||||||||
| Total current assets (USD, thousands) | 706,899 | 706,899 | 696,226 | - | - | - | - | - | ||||||||||||
| Property and Equipment, Net (USD, thousands) | 4,918 | 4,918 | 7,903 | - | - | - | - | - | ||||||||||||
| Goodwill (USD, thousands) | 103,379 | 103,379 | 169,305 | - | - | - | - | - | ||||||||||||
| Acquired Intangible Assets, Net (USD, thousands) | 34,192 | 34,192 | 78,585 | - | - | - | - | - | ||||||||||||
| Capitalized Software, Net (USD, thousands) | 55,771 | 55,771 | 59,662 | - | - | - | - | - | ||||||||||||
| Other assets (USD, thousands) | 17,765 | 17,765 | 32,971 | - | - | - | - | - | ||||||||||||
| Total assets (USD, thousands) | 922,924 | 922,924 | 1,044,652 | - | - | - | - | - | ||||||||||||
| Accounts payable (USD, thousands) | 305,845 | 305,845 | 393,144 | - | - | - | - | - | ||||||||||||
| Accrued payroll (USD, thousands) | 12,245 | 12,245 | 14,126 | - | - | - | - | - | ||||||||||||
| Accrued other liabilities (USD, thousands) | 15,851 | 15,851 | 22,788 | - | - | - | - | - | ||||||||||||
| Total current liabilities (USD, thousands) | 333,941 | 333,941 | 430,058 | - | - | - | - | - | ||||||||||||
| Long-term debt (USD, thousands) | 115,000 | 115,000 | 125,000 | - | - | - | - | - | ||||||||||||
| Other long-term liabilities (USD, thousands) | 17,455 | 17,455 | 31,315 | - | - | - | - | - | ||||||||||||
| Total liabilities (USD, thousands) | 466,396 | 466,396 | 586,373 | - | - | - | - | - | ||||||||||||
| Additional paid-in capital (USD, thousands) | 880,510 | 880,510 | 902,989 | - | - | - | - | - | ||||||||||||
| Accumulated deficit (USD, thousands) | (422,615) | (422,615) | (443,086) | - | - | - | - | - | ||||||||||||
| Accumulated other comprehensive loss (USD, thousands) | (1,529) | (1,529) | (1,788) | - | - | - | - | - | ||||||||||||
| Total stockholders' equity (USD, thousands) | 456,528 | 456,528 | 458,279 | - | - | - | - | - | ||||||||||||
| Total liabilities and stockholders' equity (USD, thousands) | 922,924 | 922,924 | 1,044,652 | - | - | - | - | - | ||||||||||||
| Cash Flow - Metric | Q1 2021 | Q2 2021 | Q3 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| Net income (loss) [in thousands] | (23,241.00) | (75,261) | (20,471) | (17,063.00) | (16,029) [calc] | - | (79,700) | - | ||||||||||||
| Depreciation and amortization [in thousands] | 6,878.00 | 19,285 | 7,802 | 8,880.00 | 9,769 [calc] | - | 36,808 | - | ||||||||||||
| Stock-based compensation expense, net of amounts capitalized [in thousands] | 13,386.00 | 49,648 | 14,830 | 14,964.00 | 18,261 [calc] | - | 68,010 | - | ||||||||||||
| Provision for bad debt [in thousands] | 2,393.00 | 10,923 | 2,097 | 2,958.00 | 3,106 [calc] | - | 9,989 | - | ||||||||||||
| Other non-cash, net [in thousands] | (692.00) | (1,464) | 356 | (237.00) | 250 [calc] | - | 741 | - | ||||||||||||
| Changes in operating assets and liabilities, net of effects from purchases of businesses: Trade receivables [in thousands] | 3,416.00 | 14,406 | (33,676) | 14,518.00 | 2,355 [calc] | - | 17,466 | - | ||||||||||||
| Changes in operating assets and liabilities, net of effects from purchases of businesses: Other operating assets [in thousands] | 4,956.00 | (310) | (289) | 3,325.00 | (5,204) [calc] | - | (424) | - | ||||||||||||
| Changes in operating assets and liabilities, net of effects from purchases of businesses: Accounts payable [in thousands] | (32,069.00) | (34,612) | 68,217 | (30,576.00) | 18,043 [calc] | - | 16,167 | - | ||||||||||||
| Changes in operating assets and liabilities, net of effects from purchases of businesses: Other operating liabilities [in thousands] | (1,523.00) | (500) | 4,109 | 7,747.00 | (9,426) [calc] | - | (3,660) | - | ||||||||||||
| Net cash provided by (used in) operating activities [in thousands] | (26,496.00) | (17,885) | 42,975 | 4,516.00 | 21,125 [calc] | - | 65,397 | - | ||||||||||||
| Cash Flows from Investing Activities: Net increase in finance receivables [in thousands] | (14,282.00) | (45,273) | (1,047) | (804.00) | (10,685) [calc] | - | (22,005) | - | ||||||||||||
| Cash Flows from Investing Activities: Purchases of property and equipment [in thousands] | (812.00) | (2,330) | (1,075) | (1,797.00) | (962) [calc] | - | (4,539) | - | ||||||||||||
| Cash Flows from Investing Activities: Proceeds from sale of real estate [in thousands] | - | - | - | - | 0 [calc] | - | 14,083 | - | ||||||||||||
| Cash Flows from Investing Activities: Capitalization of software costs [in thousands] | (6,521.00) | (25,840) | (7,513) | (7,342.00) | (7,583) [calc] | - | (29,702) | - | ||||||||||||
| Cash Flows from Investing Activities: Purchases of marketable securities [in thousands] | (29,996.00) | (146,032) | (2,902) | (18,705.00) | 0 [calc] | - | (35,979) | - | ||||||||||||
| Cash Flows from Investing Activities: Maturities and redemptions of marketable securities [in thousands] | 28,034.00 | 135,724 | 30,030 | 39,669.00 | 15,465 [calc] | - | 88,664 | - | ||||||||||||
| Cash Flows from Investing Activities: Sales of marketable securities [in thousands] | (247.00) | 2,402 | 70,020 | 52,678.00 | 7,392 [calc] | - | 130,090 | - | ||||||||||||
| Cash Flows from Investing Activities: Acquisition of businesses (net of cash acquired) [in thousands] | (974.00) | (29,623) | (108,453) | (46,756.00) | (1,399) [calc] | - | (156,475) | - | ||||||||||||
| Net cash provided by (used in) investing activities [in thousands] | (24,798.00) | (110,972) | (20,940) | 16,943.00 | 16,311 [calc] | - | (15,863) | - | ||||||||||||
| Cash Flows from Financing Activities: Proceeds from long term debt [in thousands] | 115,000.00 | 420,000 | 190,000 | 150,000.00 | 115,000 [calc] | - | 491,500 | - | ||||||||||||
| Cash Flows from Financing Activities: Payments towards long term debt [in thousands] | (105,000.00) | (380,500) | (180,000) | (165,000.00) | (110,000) [calc] | - | (483,500) | - | ||||||||||||
| Cash Flows from Financing Activities: Payment of debt issuance costs [in thousands] | - | - | - | - | (264) [calc] | - | (2,023) | - | ||||||||||||
| Cash Flows from Financing Activities: Proceeds from exercise of stock options [in thousands] | 689.00 | 4,265 | 2,401 | 4,411.00 | 1,832 [calc] | - | 9,436 | - | ||||||||||||
| Cash Flows from Financing Activities: Payment of RSU tax withholdings in exchange for common shares surrendered by RSU holders [in thousands] | (4,745.00) | (16,025) | (7,090) | (6,020.00) | (6,427) [calc] | - | (27,131) | - | ||||||||||||
| Cash Flows from Financing Activities: Proceeds from employee stock purchase plan [in thousands] | 1,732.00 | 3,062 | - | - | 0 [calc] | - | 3,910 | - | ||||||||||||
| Cash Flows from Financing Activities: Other financing activities [in thousands] | (95.00) | (169) | (23) | 0.00 | (43) [calc] | - | (66) | - | ||||||||||||
| Net cash provided by (used in) financing activities [in thousands] | 7,581.00 | 30,633 | 5,288 | (16,313.00) | 98 [calc] | - | (7,874) | - | ||||||||||||
| Effect of exchange rate changes on cash, cash equivalents, and restricted cash [in thousands] | 48.00 | 43 | (49) | (19.00) | 18 [calc] | - | (166) | - | ||||||||||||
| Net increase (decrease) in cash, cash equivalents, and restricted cash [in thousands] | (43,665.00) | (98,181) | 27,274 | 5,127.00 | 37,552 [calc] | - | 41,494 | - | ||||||||||||
| Supplemental disclosure: Cash paid for Interest expense [in thousands] | - | 989 | - | - | - | - | 3,050 | - | ||||||||||||
| Supplemental disclosure: Cash paid for Income taxes [in thousands] | - | 715 | - | - | - | - | 769 | - | ||||||||||||
| Supplemental disclosure: Non-cash investing and financing activities: Stock-based compensation included in capitalized software development costs [in thousands] | 989.00 | 3,383 | 1,184 | 1,070.00 | 1,615 [calc] | - | 5,516 | - | ||||||||||||
| Supplemental disclosure: Non-cash investing and financing activities: Purchase of property and equipment and internal use software in accounts payable [in thousands] | (232.00) | 1,045 | 1,119 | 58.00 | (291) [calc] | - | - | - | ||||||||||||
| Cash, cash equivalents, and restricted cash, beginning of period [in thousands] | 280,752 | 280,752 | 182,571 | 182,571 | 182,571 | 182,571 | 182,571 | - | ||||||||||||
| Cash, cash equivalents, and restricted cash, end of period [in thousands] | 182,571 | 182,571 | 209,845 | 214,972 | 252,524 | 224,065 | 224,065 | - | ||||||||||||
| Revenue by Segment - in Millions of USD | Q1 2021 | Q2 2021 | Q3 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| Marketplace and Service | 103.7 | 422.50 | 129.81 | - | 155.91 | - | 572.97 | 166 | ||||||||||||
| - Auction Marketplace | 50.8 | 210.90 | 67.33 | 75.43 | - | - | 303.04 | - | ||||||||||||
| - Other Marketplace | 44.81 | 179.00 | 54.57 | 60.35 | - | - | 236.67 | - | ||||||||||||
| - Data Services | 8.03 | 32.60 | 7.92 | 8.34 | - | - | 33.26 | - | ||||||||||||
| Customer Assurance | 14.56 | 58.70 | 15.88 | 16.50 | 15.42 | 16.39 | 64.19 | 16.76 | ||||||||||||
| Total Revenue | 118.36 | 481.20 | 145.69 | 160.62 | 171.33 | 159.52 | 637.16 | 183 | ||||||||||||
| KPIs - Metric (Unit, Scale) | Q1 2021 | Q2 2021 | Q3 2021 | FY 2021 | Q1 2022 | Q2 2022 | Q3 2022 | Q4 2022 | FY 2022 | Q1 2023 | Q2 2023 | Q3 2023 | Q4 2023 | FY 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | FY 2024 | Q1 2025 |
| Marketplace Units (count) | - | 598,767 | 174,631 | 186,526 | 198,354 | - | 743,008 | - | ||||||||||||
| Marketplace GMV (USD billions) | - | 8.8 | 2.3 | 2.4 | 2.5 | - | 9.5 | - | ||||||||||||
| Number of Marketplace Buyers (count) | - | 17,121 | - | - | - | - | 20,975 | - | ||||||||||||
| Number of Marketplace Sellers (count) | - | 11,505 | - | - | - | - | 14,377 | - |