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Income Taxes - Schedule of Income before Income Tax, Domestic and Foreign (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Domestic	$ 25,366	$ 28,678	$ 34,518
Foreign	7,072	14,405	(3,024)
Income before income taxes	$ 32,438	$ 43,083	$ 31,494

Net Income Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Numerator:
Net income	$ 15,427	$ 29,963	$ 13,953
Net income —basic	15,427	29,963	13,953
Net income —diluted	$ 15,427	$ 29,963	$ 13,953
Denominator:
Weighted-average shares used to compute net income per share — basic (in shares)	178,798	180,210	190,466
Weighted-average common stock used in computing net income per share — diluted (in shares)	184,690	182,865	194,415
Net income per share — basic (in dollars per share)	$ 0.09	$ 0.17	$ 0.07
Net income per share — diluted (in dollars per share)	$ 0.08	$ 0.16	$ 0.07
Options to purchase common stock
Denominator:
Effect of potential dilutive securities (in shares)	53	754	1,380
RSUs
Denominator:
Effect of potential dilutive securities (in shares)	5,808	1,893	2,558
Employee stock purchase plan
Denominator:
Effect of potential dilutive securities (in shares)	31	8	11

Summary of Significant Accounting Policies - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2025 USD ($) segment partner	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Accounting Policies [Line Items]
Number of operating segments \| segment	1
Foreign currency transaction gains (losses)	$ (0.1)	$ (0.6)	$ 1.4
Cash equivalents	$ 180.8	114.7
Number Of major partners \| partner	1
Deferred cost of revenue	$ 2.4	1.7
Filing fees	98.3	83.3	88.1
Advertising expense	$ 175.6	$ 157.6	$ 145.3
Minimum
Accounting Policies [Line Items]
Estimated useful life of intangible assets	2 years
Maximum
Accounting Policies [Line Items]
Estimated useful life of intangible assets	6 years
Purchased and internally developed internal-use software
Accounting Policies [Line Items]
Estimated useful life	3 years

Income Taxes - Schedule of Valuation Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure, Valuation Allowance [Roll Forward]
Beginning balance	$ 16,876	$ 16,320	$ 14,644
Net (decrease) increase in current year	(481)	(654)	799
Net (decrease) increase in valuation prior period	(454)	1,210	877
Ending balance	$ 15,941	$ 16,876	$ 16,320

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash flows from operating activities
Net income	$ 15,427	$ 29,963	$ 13,953
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	44,123	34,927	25,383
Amortization of debt issuance costs	210	227	227
Amortization of right-of-use assets	3,287	2,132	2,692
Stock-based compensation	113,708	71,510	66,015
Gain on sale of assets held for sale	(14,337)	0	0
Change in fair value of other equity security	(302)	0	0
Gain on sale of available-for-sale debt security	(758)	0	0
Deferred income taxes	6,634	(4,552)	4,712
Change in fair value of contingent consideration	0	0	(836)
Unrealized foreign exchange loss (gain)	75	648	(1,387)
Non-cash interest expense	548	0	0
Other	293	0	(39)
Changes in operating assets and liabilities, net of effects of business combination:
Accounts receivable	(11,802)	3,227	1,441
Prepaid expenses and other current assets	(252)	(2,775)	1,557
Other assets	926	707	435
Accounts payable	(3,657)	(817)	5,025
Accrued expenses and other liabilities	7,147	(4,156)	4,119
Operating lease liabilities	(2,647)	(1,942)	(2,319)
Income tax payable	255	(44)	(4)
Deferred revenue	19,319	6,584	3,334
Net cash provided by operating activities	178,197	135,639	124,308
Cash flows from investing activities
Acquisitions, net of cash acquired	(48,468)	0	0
Purchase of property and equipment	(30,277)	(35,696)	(31,593)
Proceeds from sale of available-for-sale debt securities	1,617	0	0
Proceeds from sale of assets held for sale	37,051	0	0
Other	0	0	38
Net cash used in investing activities	(40,077)	(35,696)	(31,555)
Cash flows from financing activities
Repayment of finance lease obligations	(2)	(25)	(35)
Payment of debt issuance costs	(841)	0	0
Repurchase of common stock	(80,532)	(165,014)	(54,873)
Payment of share repurchase excise taxes and repurchase costs	(1,264)	(169)	(100)
Shares surrendered for settlement of minimum statutory tax withholding	(40,387)	(20,491)	(9,587)
Proceeds from issuance of stock under employee stock plans	45,770	2,414	8,445
Net cash used in financing activities	(77,256)	(183,285)	(56,150)
Effect of exchange rate changes on cash and cash equivalents	172	(313)	34
Net increase (decrease) in cash and cash equivalents	61,036	(83,655)	36,637
Cash and cash equivalents, at beginning of the period	142,064	225,719	189,082
Cash and cash equivalents, at end of the period	203,100	142,064	225,719
Reconciliation of cash and cash equivalents in the consolidated balance sheets
Cash and cash equivalents	203,100	142,064	225,719
Non-cash operating, investing, and financing activities:
Right of use assets obtained in exchange of operating lease liabilities (excluding right-of-use assets acquired as part of business acquisition)	5,627	803	63
Capitalized stock-based compensation	5,264	5,967	4,056
Purchase of property and equipment included in accounts payable and accrued expenses and other current liabilities	1,520	2,342	2,577
Issuance of common stock for acquisition consideration	20,047	0	0
Accrued stock repurchase excise tax	0	1,247	185
Acquisition related deferred consideration	$ 12,729	$ 0	$ 0

Goodwill (Details) $ in Thousands	12 Months Ended
Goodwill (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 63,318
Acquisition of Formation Nation	77,387
Ending balance	$ 140,705

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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+ Details

Long-term Debt (Details) - Line of Credit				12 Months Ended
Long-term Debt (Details) - Line of Credit	Jul. 14, 2025 USD ($)	May 05, 2023	Jul. 02, 2021 USD ($)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
Letters of credit outstanding				$ 0	$ 0
Revolving Facility \| Federal Funds Effective Rate
Debt Instrument [Line Items]
Effective interest rate		0.50%
Revolving Facility \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity	$ 100,000,000.0		$ 150,000,000.0
Maturity period			5 years
Total net lien leverage ratio triggering commitment fee reduction	1.00
Deferred issuance costs			$ 800,000
Basis spread on variable rate, initial interest rate margin reduction	0.25%
Total net first lien leverage ratio, triggering initial interest rate margin reduction	3.50
Basis spread on variable rate, further interest rate margin reduction, one	0.25%
Basis spread on variable rate, further interest rate margin reduction, two	0.25%
Total net first lien leverage ratio, triggering further interest rate margin reduction, one	2.50
Basis spread on variable rate, further interest rate margin reduction, two	1.00
Commitment fee	0.35%
Initial commitment fee reduction	0.10%
Total net first lien leverage ratio, maximum, triggering initial commitment fee reduction	3.50			4.50
Additional commitment fee reduction	0.05%
Total net first lien leverage ratio, maximum, triggering additional commitment fee reduction	1.00
Percent of total commitments not reimbursed				35.00%
Line of credit outstanding				$ 0	$ 0
Revolving Facility \| Revolving Credit Facility \| SOFR
Debt Instrument [Line Items]
Basis spread on variable rate		0.10%
Revolving Facility \| Revolving Credit Facility \| SOFR \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	2.00%
Revolving Facility \| Revolving Credit Facility \| SOFR \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Revolving Facility \| Revolving Credit Facility \| One-Month SOFR
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Revolving Facility \| Revolving Credit Facility \| Prime Rate \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Revolving Facility \| Revolving Credit Facility \| Prime Rate \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	0.25%
Revolving Facility \| Revolving Credit Facility \| Fed Funds Rate
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Revolving Facility \| Letter of Credit
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity			20,000,000.0
Revolving Facility \| Swingline Loan
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity			$ 10,000,000.0

Acquisitions

12 Months Ended

Dec. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Acquisitions

Formation Nation, Inc.

On February 10, 2025, we acquired all of the outstanding equity interests of Formation Nation in exchange for a total consideration of $83.2 million consisting of cash, net working capital adjustments and equity consideration comprising 2,205,445 restricted shares of our common stock. The shares are subject to a lock-up and voting agreement, and a portion of the cash consideration is subject to a one-year holdback and customary adjustments. Upon closing of the transaction, Formation Nation and its subsidiaries – including Inc Authority and Nevada Corporate Headquarters, Inc. – became wholly owned subsidiaries of LegalZoom.

Formation Nation is a Nevada-based small business services company with a range of legal and business solutions, from highly personalized offerings, to lower-cost value options. The acquisition of Formation Nation, along with its subsidiaries, was completed in order to accelerate our strategy of attracting higher value customers by leveraging Formation Nation’s best-in-class customer service teams, expand our portfolio of offerings, and enable us to reach a broader customer base.

The acquisition meets the criteria to be accounted for as a business combination which requires, among other things, that assets acquired and liabilities assumed be recognized at their fair values as of the acquisition date and that the difference between the fair value of the consideration paid for the acquired entity and the fair value of net assets acquired be recorded as goodwill, which is not amortized but is tested at least annually for impairment.

The fair value of consideration transferred is as follows (in thousands):


Cash paid at close	$	50,076
Net working capital adjustment	345
Equity consideration	20,047
Deferred cash consideration	12,729
Total consideration transferred	$	83,197

The fair value of equity issued to the selling shareholder was determined based on the closing price of our common stock immediately prior to acquisition.

Approximately $12.9 million of the preliminary consideration was deferred to satisfy any necessary adjustments, including without limitation, indemnification claims related to general representations and warranties, any net working capital adjustments and deferred change in control bonuses. This deferred

consideration is expected to be settled in cash after a 12-month holdback period, net of any amounts necessary to satisfy all unsatisfied or disputed claims for indemnification and net working capital adjustments. An additional $0.2 million in consideration is payable in two installments on the one- and two-year anniversary of the acquisition date. Deferred cash consideration was adjusted from the preliminary deferred cash consideration through the measurement period primarily as a result of adjustments related to state, federal and sales tax filings related to Formation Nation’s pre-acquisition results. The current portion of deferred consideration was included in accrued expenses and other current liabilities and the non-current portion was included in other liabilities on our consolidated balance sheet based on their respective due dates.

The identifiable assets acquired and liabilities assumed were recorded at their fair values as of the acquisition date and consolidated with those of the Company based on management's estimates and assumptions. Assigning fair market values to the assets acquired and liabilities assumed at the date of an acquisition requires the use of significant judgments regarding estimates and assumptions that may change during the measurement period, which will not exceed one year from the acquisition date. As of December 31, 2025, we have completed the allocation of fair market values to the assets acquired and liabilities assumed for the acquisition of Formation Nation. The fair values of the customer relationships were calculated using income and cost approaches, including the multi-period excess earnings method. The fair values of developed technology and in-process research & development were calculated using cost approaches, and the fair value of trade names was calculated using the relief from royalty method.

Goodwill represents the excess of the purchase price over the identifiable net assets acquired arising from the business combination. The goodwill related to the acquisition was attributable largely to the assembled workforce and synergies expected from combining our operations, and is not deductible for tax purposes.

The following table summarizes the final allocation of the purchase consideration to the assets acquired and liabilities assumed (in thousands):


	Preliminary Allocation of Purchase Consideration		Measurement period adjustments, net(1)		Final Allocation of Purchase Consideration
Cash and cash equivalents	$	1,953	$	—	$	1,953
Accounts receivable	276		—		276
Prepaid expenses and other current assets	257		—		257
Operating lease right-of-use assets	3,884		—		3,884
Other assets	80		—		80
Intangible assets	17,300		—		17,300
Deferred tax assets	—		1,890		1,890
Goodwill	77,813		(426)		77,387
Total assets acquired	$	101,563	$	1,464	$	103,027

Accounts payable	$	535	$	—	$	535
Accrued expenses and other current liabilities(2)	4,744		1,465		6,209
Operating lease liabilities, current and non-current	3,504		—		3,504
Deferred revenue	9,582		—		9,582
Other liabilities	16		(16)		—
Net assets acquired	$	83,182	$	15	$	83,197

(1) Measurement period adjustments are primarily related to state, federal and sales tax adjustments related to Formation Nation’s pre-acquisition results.

The following table summarizes the valuation of acquired intangible assets and estimated useful lives as of the acquisition date (in thousands, except years):


	Fair Value		Estimated remaining useful life
Customer relationships	$	11,200	5
Developed technology	3,400		4
Trade names	2,500		5
In-process research & development	200		N/A
Total identifiable intangible assets	$	17,300

Acquisition costs related to this transaction of approximately $1.5 million were expensed as incurred and are included in general and administrative expenses in the accompanying consolidated statements of operations during the year ended December 31, 2025.

Results of Formation Nation, inclusive of any synergy effects, cross-selling, or cross-marketing benefits, were included in our results of operations since February 10, 2025, the date of acquisition. Revenue and net loss attributable to Formation Nation included within the consolidated statements of operations since the acquisition date were approximately $51.4 million and $4.9 million, respectively, for the year ended December 31, 2025.

Pro forma revenues and results of operations for this acquisition have not been presented as the impact on our consolidated financial statements would be immaterial.

- Definition

The entire disclosure for business combination.

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-Paragraph 2
-Subparagraph (e)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 26: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
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-Section 45
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Reference 27: http://www.xbrl.org/2003/role/disclosureRef
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Reference 28: http://www.xbrl.org/2003/role/disclosureRef
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-URI https://asc.fasb.org/805-20/tableOfContent

Reference 29: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
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-Section 50
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-URI https://asc.fasb.org/1943274/2147479328/805-10-50-7

Reference 30: http://www.xbrl.org/2003/role/disclosureRef
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-Topic 805
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-Publisher FASB
-URI https://asc.fasb.org/805-10/tableOfContent

+ Details

Investments (Details) $ in Thousands, $ in Millions	12 Months Ended
Investments (Details) $ in Thousands, $ in Millions	Dec. 31, 2025 USD ($)	Dec. 31, 2024 USD ($) yr	Dec. 31, 2023 USD ($)	Dec. 31, 2019	Oct. 31, 2019 USD ($)	Oct. 31, 2019 AUD ($)
Debt Securities, Available-for-sale [Line Items]
Proceeds from sale of available-for-sale debt securities	$ 1,617	$ 0	$ 0
Gain on sale of available-for-sale debt security	758	0	0
Change in fair value of other equity securities	302	$ 0	$ 0
Legal Vision
Debt Securities, Available-for-sale [Line Items]
Other equity securities					$ 700	$ 1.0
Convertible promissory note, term				10 years
Proceeds from sale of available-for-sale debt securities	1,600
Gain on sale of available-for-sale debt security	800
Legal Vision \| Expected term
Debt Securities, Available-for-sale [Line Items]
Key assumptions used in Monte Carlo simulation model to determine fair value \| yr		4.3
Legal Vision \| Risk-free rate
Debt Securities, Available-for-sale [Line Items]
Key assumptions used in Monte Carlo simulation model to determine fair value		0.039
Legal Vision \| Volatility
Debt Securities, Available-for-sale [Line Items]
Key assumptions used in Monte Carlo simulation model to determine fair value		0.55
LawPath
Debt Securities, Available-for-sale [Line Items]
Carrying amount of investment	4,700	$ 4,400
Change in fair value of other equity securities	$ 300

Stock-based Compensation

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Stock-based Compensation

2021 Equity Incentive Plan

In June 2021, our board of directors adopted our 2021 Equity Incentive Plan, or 2021 Plan. All equity-based awards going forward are granted under the 2021 Plan. An aggregate of 18,946,871 shares of our common stock were reserved for issuance under our 2021 Plan, as well as automatic annual increases in the number of shares of common stock reserved for issuance under our 2021 Plan.

Under the terms of the 2021 Plan, both incentive and nonqualified stock options could be granted with exercise prices not less than the fair market value of our common stock on the date of grant. Options granted pursuant to the 2021 Plan will vest at the rate specified in the stock option agreement. Under the 2021 Plan, if an option holder’s service relationship with us or any of our affiliates ceases for any reason other than disability, death, or cause, the option holder may generally exercise any vested options for a period of three months following the cessation of service. If under our 2021 Plan, shares subject to stock option awards expire or terminate without being exercised in full or are paid out in cash rather than in shares, such stock options will not reduce the number of shares available for issuance under our 2021 Plan. Our policy is to issue new common stock upon the exercise of stock options. Shares withheld under a stock option award to satisfy the exercise, strike or purchase price of such award or to satisfy a tax withholding obligation will not reduce the number of shares available for issuance under our 2021 Plan.

Under the 2021 Plan, RSUs are granted under RSU award agreements approved by the administrator. RSUs may be granted for any form of legal consideration that may be acceptable to our board of directors and permissible under applicable law. An RSU may be settled by cash, delivery of stock, a combination of cash and stock as deemed appropriate by the administrator, or in any other form of consideration set forth in the RSU award agreement. Additionally, dividend equivalents may be credited in respect of shares covered by RSUs. Except as otherwise provided in the applicable award agreement, or other written agreement between us and the recipient, RSUs that have not vested will be forfeited once the participant’s continuous service ends for any reason.

2021 Employee Stock Purchase Plan

In June 2021, our board of directors adopted our 2021 Employee Stock Purchase Plan, or 2021 ESPP. We authorized the issuance of 3,552,538 shares of common stock under the 2021 ESPP, as well as any future automatic annual increases in the number of shares of common stock reserved for issuance under our 2021 ESPP. Our 2021 ESPP is implemented through a series of offerings under which eligible employees are granted rights to purchase shares of our common stock on specified dates during such offerings at a discounted price per share.

Under the 2021 ESPP, our employees may purchase common stock through payroll deductions at a price equal to 85% of the lower of the fair market value of the stock at the beginning of the offering period or at the end of each applicable purchase period. The 2021 ESPP generally provides for offering periods of six months in duration with purchase periods ending on either May 15 or November 15. Contributions under the 2021 ESPP are limited to a maximum of 15% of an employee’s eligible compensation. Purchases under the 2021 ESPP are settled with common stock from the 2021 ESPP’s previously-authorized and available pool of shares. The stock-based compensation expense incurred in connection with the 2021 ESPP in 2025, 2024 and 2023 was $0.8 million, $0.4 million and $0.7 million, respectively.

2016 Stock Option Plan

Prior to the adoption of the 2021 Plan, we granted stock options under our 2016 Stock Incentive Plan, or 2016 Plan.

Under the terms of the 2016 Plan, both incentive and nonqualified stock options were granted with exercise prices not less than the fair value of the underlying common stock on the date of grant. Options granted pursuant to the 2016 Plan vest over periods of up to five years and expire ten years from the grant date. If a 2016 Plan option expires and is not exercised, such as if an employee does not exercise vested 2016 Plan options within thirty days of termination, then these options would revert back to the 2016 Plan’s option pool.

The exercise price of all options granted was based on the estimated fair market value of our common stock as determined by the board of directors at the date of grant or date of modification.

Stock-based Compensation Expense

We recorded stock-based compensation expense in the following categories in the accompanying consolidated statements of operations and balance sheets (in thousands):


	Year Ended December 31,
	2025		2024		2023
Cost of revenue	$	5,538	$	5,833	$	4,318
Sales and marketing	16,810		8,077		6,096
Technology and development	15,097		19,573		18,899
General and administrative	76,263		38,027		36,702
Total stock-based compensation expense	113,708		71,510		66,015
Amount capitalized to internal-use software	5,264		5,967		4,056
Total stock-based compensation	$	118,972	$	77,477	$	70,071

Stock Options

Stock option activity for the year ended December 31, 2025 is as follows (in thousands, except weighted-average exercise price and remaining contract life):


	Number of Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (in Years)	Aggregate Intrinsic Value
Outstanding at December 31, 2024	15,194	$	10.51	2.6	$	442
Granted	—	—
Exercised	(4,496)	9.69
Cancelled	(5,660)	10.36
Forfeited	—	—
Outstanding at December 31, 2025	5,038	$	11.41	5.8	$	2,625
Vested and expected to vest at December 31, 2025	558	$	9.44	5.7	$	1,999
Exercisable at December 31, 2025	4,479	$	11.65	7.1	$	626

The aggregate intrinsic values in the table above represents the difference, if any, between the fair value per share of our common stock and the option exercise prices multiplied by the number of options at the respective balance sheet dates. The total intrinsic value of stock options exercised in 2025, 2024 and 2023 was $2.2 million, $3.5 million and $2.2 million, respectively. During the years ended December 31, 2025, 2024, and 2023, the Company recorded stock-based compensation expense related to stock option awards of $3.4 million, $5.4 million, and $22.0 million, respectively. At December 31, 2025, total remaining stock-based compensation expense for unvested stock options was $2.2 million, which is expected to be recognized over a weighted-average period of 1.1 years.

The weighted-average grant-date fair value per share of options granted using the Black-Scholes option pricing model for 2023 was $4.40. We did not grant any stock options in 2025 and 2024. There was a $1.6 million tax benefit for tax deductions from stock options exercised in 2025. There was $3.1 million tax benefit for tax deductions from stock options exercised in 2024 and there was no tax benefit for 2023. All tax effects related to stock-based compensation have been recorded in our provision for income taxes in the accompanying consolidated statements of operations. Vesting of the options granted to the members of our senior leadership team will be accelerated upon a qualifying termination that occurs during the change-in-control period, as defined in the option grant agreement, or immediately prior to the effective time of a change-in-control if the option award is not assumed, continued or substituted by the surviving or acquiring entity (or its parent) in connection with such change-in-control.

The weighted-average assumptions that were used to calculate the grant-date fair value of our stock option grants using the Black-Scholes option pricing model were as follows:


	Year Ended December 31,
		2023
Expected life (years)		5.9
Risk-free interest rate		3.4%-3.8%
Expected volatility		50.4%-50.7%
Expected dividend yield		—

Restricted Stock Units and Performance Stock Units

A summary of RSUs, or awards with time-based vesting conditions, and performance stock units, or PSUs, or awards with performance and/or market-based conditions, activity for the year ended December 31, 2025 is as follows (in thousands, except weighted-average grant-date fair value):


	Number of Units	Weighted- Average Grant- Date Fair Value
Unvested at December 31, 2024	29,722	$	7.49
Granted(1)	7,381	9.47
Cancelled/forfeited	(3,263)	9.32
Vested	(9,443)	9.12
Unvested at December 31, 2025	24,397	$	7.21

(1) Granted shares include PSUs granted in April 2025 subject to vesting during the performance period which may equal zero percent (—%) to four hundred percent (400%) of the target award. These awards were forfeited during the year-ended December 31, 2025.

The fair value of vested RSUs during the years ended December 31, 2025, 2024 and 2023, was $92.9 million, $52.1 million and $36.6 million, respectively. Our RSUs consist of time-based RSUs, RSUs with performance and/or market conditions, and RSUs with market conditions. For the years ended December 31, 2025, 2024 and 2023, total stock-based compensation expense related to RSUs was $113.9 million, $71.4 million and $47.3 million, respectively. At December 31, 2025, total remaining stock-based compensation expense for unvested RSU awards was $117.4 million, which is expected to be recognized over a weighted-average period of 2.2 years. There was a tax benefit of $0.4 million for 2025 and no tax benefit for 2024 and 2023.

During the year ended December 31, 2024, we granted 2.5 million PSUs to members of our senior leadership team. The grant date fair value of the PSUs at 100% of the target was $29.8 million. The weighted-average grant-date fair value per share of the PSUs granted was $12.05. The fair value of these PSUs was estimated using the Monte Carlo simulation model on the dates of the grant based on the assumptions shown in the table below. Vesting of the PSUs is contingent upon the recipients’ continuous employment over the requisite service period and was subject to fulfillment by the Company of a predefined profitability target during the performance period. The number of PSUs subject to vesting was determined at the end of the performance period and could equal zero percent (0%) to two hundred percent (200%) of the target award. If the performance criteria was achieved, one third of the PSUs would vest on the date the compensation committee of the board of directors certified achievement of the performance criteria, and the remaining awards would vest quarterly thereafter through February 2027. These PSUs also included a modifier to the total number of shares earned based on the Company’s total shareholder return, or TSR, compared to the TSR of the Nasdaq Composite Index during the performance period. The total number of shares issued pursuant to the PSUs could be increased, decreased, or remain unchanged based on the TSR modifier. The TSR modifier applicable to the PSUs was considered a market condition and therefore is reflected in the respective grant-date fair values of the awards. A Monte Carlo simulation was used to account for this market condition in the grant-date fair value of the awards. Expense related to the PSUs is recognized over the employee’s requisite service period using graded vesting attribution method to the extent it is probable that the performance conditions will be achieved. We recognized $6.0 million and $9.2 million in stock-based compensation expense during the years ended December 31, 2025 and 2024, respectively, related to these awards. At December 31, 2025, the remaining stock-based compensation expense for unvested PSUs is $1.8

million which is expected to be recognized over a weighted-average requisite service period of approximately 0.8 years.

The assumptions that were used to calculate the grant-date fair value of our PSU grants using a Monte Carlo simulation model were as follows:


						Year Ended December 31,
						2024
Expected life (years)						0.4-0.8
Risk-free interest rate						5.2%-5.4%
Expected volatility						47.4%-66.1%
Expected dividend yield						—

In July 2024, we also granted 2.7 million RSUs with a market vesting condition to a member of our senior leadership team. The grant date fair value of these RSUs at 100% of the target was $13.1 million. The weighted-average grant-date fair value per share of the RSUs granted was $4.89. The fair value of the RSUs was estimated on the date of grant using the Monte Carlo simulation model, based on the assumptions shown in the table below. Vesting of this award is contingent upon the recipient’s continuous employment over the requisite service period and is subject to achievement of predetermined stock price targets during a five-year performance period. Achievement of the predetermined stock price targets is measured based on a 45-trading day volume weighted-average closing price of our common stock, subject to a 44-day extension in certain circumstances. The number of RSUs subject to vesting during the performance period may equal zero percent (0%) to two hundred percent (200%) of the target award. Upon the achievement of a stock price target during the performance period, one-half of the eligible RSUs will vest on the date the compensation committee of the board of directors certifies achievement of the stock price target and the other half will vest one year from such date, subject to the recipient’s continued employment through the vesting date. We recognized $9.8 million and $4.9 million in stock-based compensation expense during the years ended December 31, 2025 and 2024, respectively, related to these awards. At December 31, 2025, the remaining stock-based compensation expense for unvested RSUs is $11.4 million, which is expected to be recognized over a weighted-average requisite service period of approximately 1.7 years.

The assumptions that were used to calculate the grant-date fair value of the RSUs with a market vesting condition using a Monte Carlo simulation model were as follows:


	Year Ended December 31,
	2024
Expected life (years)	5
Risk-free interest rate	4.2	%
Expected volatility	59.4	%
Expected dividend yield	—

In November 2024, we also granted 2.4 million RSUs with a market vesting condition to members of our senior leadership team. The grant date fair value of these RSUs at 100% of the target was $12.6 million. The weighted-average grant-date fair value per share of the RSUs granted was $5.30. The fair value of the RSUs was estimated using the Monte Carlo simulation model on the date of the grant based on the assumptions shown in the table below. Vesting of this award is contingent upon the recipient’s continuous employment over the requisite service period and is subject to achievement of predetermined stock price targets during a three-year performance period, subject to certification by the compensation committee of the board of directors. Achievement of the predetermined stock price targets is measured based on the trailing 30-trading day volume weighted average closing stock price of our common stock subject to a 29-day extension in certain circumstances. The number of RSUs subject to vesting during the performance period may equal zero percent (0%) to four hundred percent (400%) of the target award. If the compensation committee of the board of directors certifies achievement of a stock price target prior to November 15, 2025, the eligible shares will vest in full and become non-forfeitable on November 15, 2025. If the compensation committee of the board of directors certifies achievement of a stock price target on or subsequent to November 15, 2025, 100% of the eligible shares will vest and become non-forfeitable immediately on the date of certification by the compensation committee of the board of directors. We recognized $39.7 million and $5.6 million in stock-based compensation expense during the years ended December 31, 2025 and 2024, respectively, related to

these awards. At December 31, 2025, the remaining stock-based compensation expense for unvested RSUs is $5.2 million which is expected to be recognized over a weighted-average requisite service period of approximately 0.4 years.

The assumptions that were used to calculate the grant-date fair value of the RSUs with a market vesting condition using a Monte Carlo simulation model were as follows:


	Year Ended December 31,
	2024
Expected life (years)	3
Risk-free interest rate	4.2	%
Expected volatility	60.9	%
Expected dividend yield	—

During the year ended December 31, 2023, we also granted 1.3 million PSUs to members of our senior leadership team. Vesting of the PSUs was contingent upon the recipient’s continuous employment over the requisite service period and was subject to fulfillment by the Company of predefined performance criteria which were not achieved. Consequently, no stock-based compensation expense related to these PSU awards was recognized during the years ended December 31, 2025, 2024 and 2023.

Modification of Stock-Based Compensation Awards

In May 2023, the compensation committee of the board of directors approved amendments to the terms of the stock option and RSU awards granted to members of our senior leadership team during the year ended December 31, 2022, whereby the vesting of such stock options and RSUs will be accelerated upon (i) a qualifying termination that occurs during a defined change in control period or (ii) the individual’s termination as a result of his or her death or disability (as each such term is defined in the employment agreement between the Company and applicable individual). Further, the amendments provide that such stock options, to the extent vested and outstanding on the date of the individual’s qualifying termination or the termination of the individual’s employment in the event of his or her death or disability, as applicable and after giving effect to the vesting acceleration, shall remain outstanding and exercisable until the earlier of: (x) the original expiration date of the stock options, (y) the one-year anniversary of the date of the individual’s termination of employment with the Company, and (z) immediately prior to the effective time of a change in control if such stock option is not assumed, continued or substituted by the surviving or acquiring entity (or its parent) in connection with such change in control. The modification to add the foregoing provisions did not result in an incremental fair value of the impacted awards because the original vesting conditions were expected to be satisfied as of the modification date and the termination of the individual’s employment in the event of change-in-control or as a result of his or her death or disability was not probable as of the date of this filing.

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Investments, Owned, Federal Income Tax Note [Line Items]
Cash paid for income taxes	$ 8,914	$ 26,200	$ 6,600
Unrecognized tax benefits that would impact effective tax rate	16,800
Domestic Tax Jurisdiction
Investments, Owned, Federal Income Tax Note [Line Items]
Net operating loss carryforwards	27,500	16,600
State and Local Jurisdiction
Investments, Owned, Federal Income Tax Note [Line Items]
Net operating loss carryforwards	41,300	28,800
Tax credit carryforwards	14,000	13,900
Foreign Tax Jurisdiction
Investments, Owned, Federal Income Tax Note [Line Items]
Net operating loss carryforwards	$ 32,800	$ 35,100

Leases - Schedule of Future Minimum Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Operating leases
2026	$ 4,456
2027	4,382
2028	3,247
2029	2,252
2030	847
Thereafter	1,077
Total minimum lease payments	16,261
Less: Effects of discounting	1,898
Total lease liabilities	14,363
Less: current portion	4,338	$ 1,861
Long-term lease liabilities	$ 10,025	$ 6,018
Weighted-average remaining lease term	4 years 1 month 6 days	4 years 8 months 12 days
Weighted-average incremental borrowing rate	6.18%	4.82%

Goodwill (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill

The changes in goodwill for 2025 and 2024 were as follows (in thousands):


	Amount
Balance as of December 31, 2023 and 2024	$	63,318



Acquisition of Formation Nation(1)	77,387
Balance as of December 31, 2025	$	140,705

(1) Amounts relate to the acquisition of Formation Nation. Refer to Note 5. Acquisition to our consolidated financial statements.

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
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-Paragraph 1
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
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-URI https://asc.fasb.org/1943274/2147482573/350-20-50-1A

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-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482573/350-20-50-2

+ Details

Accumulated Other Comprehensive Income (Tables)

12 Months Ended

Dec. 31, 2025

Stockholders' Equity Note [Abstract]

Schedule of Changes in Accumulated Other Comprehensive Income

Changes in accumulated other comprehensive income consisted of the following:


	Year Ended December 31, 2025
(in thousands)	Before Tax Amount		Tax Effect		Net of Tax Amount
Foreign currency translation adjustments:
Beginning balance	$	463	$	—	$	463
Change during period	(283)		—		(283)
Ending balance	$	180	$	—	$	180
Available-for-sale debt security:
Beginning balance	$	530	$	(132)	$	398
Unrealized gains	119		(30)		89
Reclassification adjustment for gain included in net income	(648)		162		(486)
Ending balance	$	1	$	—	$	1
Accumulated other comprehensive income:
Beginning balance	$	993	$	(132)	$	861
Other comprehensive loss	(812)		132		(680)
Ending balance	$	181	$	—	$	181


	Year Ended December 31, 2024
(in thousands)	Before Tax Amount		Tax Effect		Net of Tax Amount
Foreign currency translation adjustments:
Beginning balance	$	(12)	$	—	$	(12)
Change during period	475		—		475
Ending balance	$	463	$	—	$	463
Available-for-sale debt security:
Beginning balance	$	324	$	(80)	$	244
Unrealized gains	206		(52)		154
Ending balance	$	530	$	(132)	$	398







Accumulated other comprehensive income:
Beginning balance	$	312	$	(80)	$	232
Other comprehensive income	681		(52)		629
Ending balance	$	993	$	(132)	$	861


	Year Ended December 31, 2023
(in thousands)	Before Tax Amount		Tax Effect		Net of Tax Amount
Foreign currency translation adjustments:
Beginning balance	$	1,358	$	—	$	1,358
Change during period	(1,370)		—		(1,370)
Ending balance	$	(12)	$	—	$	(12)
Available-for-sale debt security:
Beginning balance	$	184	$	(45)	$	139
Unrealized gains	140		(35)		105

Ending balance	$	324	$	(80)	$	244







Accumulated other comprehensive income:
Beginning balance	$	1,542	$	(45)	$	1,497
Other comprehensive loss	(1,230)		(35)		(1,265)
Ending balance	$	312	$	(80)	$	232

Other Financial Statement Information - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Financial Information [Abstract]
Accrued payroll and related expenses	$ 32,785	$ 27,518
Accrued vendor payables	17,444	15,895
Accrued advertising	2,551	1,636
Sales allowances	3,126	3,086	$ 3,412	$ 4,426
Accrued sales, use and business taxes	10,409	6,984
Deferred consideration relating to business acquired	12,627	0
Other	4,419	2,809
Total accrued expenses and other current liabilities	$ 83,361	$ 57,928

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Deferred tax assets
Deferred revenue	$ 123	$ 153
Accrued expenses	9,687	7,088
Stock-based compensation	6,606	4,070
Net operating loss carryforwards	17,157	14,918
Tax credit carryforwards	9,360	10,264
Lease liabilities	3,777	1,957
Interest expense carryforwards	1,844	2,782
Capital loss carryforwards	0	453
Capitalized research expenses	18,665	34,957
Total deferred tax assets	67,219	76,642
Valuation allowance	(15,941)	(16,876)	$ (16,320)	$ (14,644)
Net deferred tax assets	51,278	59,766
Deferred tax liabilities
Depreciation and amortization	(12,078)	(19,340)
Right of use asset	(3,523)	(1,780)
State taxes	(3,793)	(3,950)
Net deferred tax liabilities	(19,394)	(25,070)
Net deferred tax assets and liabilities	$ 31,884	$ 34,696

Other Financial Statement Information

12 Months Ended

Dec. 31, 2025

Other Financial Information [Abstract]

Other Financial Statement Information

Accounts Receivable

Changes in the allowances consisted of the following (in thousands):


	Year Ended December 31,
	2025		2024		2023
Beginning balance	$	2,121	$	4,906	$	4,730
Add: amounts recognized as a reduction of revenue	3,413		6,594		8,220
Add (Less): allowance for credit losses recognized in general and administrative expense	393		(37)		1,144
Less: write-offs, net of recoveries	(3,646)		(9,342)		(9,188)
Ending balance	$	2,281	$	2,121	$	4,906

The allowance recognized as a reduction of revenue primarily relates to our installment plan receivables for which we expect we will not be entitled to a portion of the transaction price based on our historical experience with similar transactions. The allowance recognized against general and administrative expense represents an allowance relating to receivables from partners that are no longer considered collectible.

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):


	As of December 31,
	2025		2024
Prepaid expenses	$	10,165	$	9,129
Deferred cost of revenue	2,415		1,670
Capitalized cloud computing development costs	1,449		1,599
Income tax receivable	3,251		3,701
Other current assets	954		1,827
Total prepaid expenses and other current assets	$	18,234	$	17,926

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):


	As December 31,
	2025		2024
Accrued payroll and related expenses	$	32,785	$	27,518
Accrued vendor payables	17,444		15,895
Accrued advertising	2,551		1,636
Sales allowances	3,126		3,086
Accrued sales, use and business taxes	10,409		6,984
Deferred consideration relating to business acquired	12,627		—
Other	4,419		2,809
Total accrued expenses and other current liabilities	$	83,361	$	57,928

Changes in sales allowances relating to charge-backs, sales credits and refunds consisted of the following (in thousands):


	Year Ended December 31,
	2025		2024		2023
Beginning balance	$	3,086	$	3,412	$	4,426
Add: increase in sales allowances	6,029		4,327		6,635
Less: utilization of reserves	(5,989)		(4,653)		(7,649)
Ending balance	$	3,126	$	3,086	$	3,412

Depreciation and Amortization

Depreciation and amortization expense of our property and equipment, including capitalized internal-use software, and intangible assets consisted of the following (in thousands):


	Year Ended December 31,
	2025		2024		2023
Cost of revenue	$	20,687	$	18,902	$	12,772
Sales and marketing	9,261		3,736		5,286
Technology and development	8,516		7,688		4,184
General and administrative	5,659		4,601		3,141
Total depreciation and amortization expense	$	44,123	$	34,927	$	25,383

Deferred Revenue

Deferred revenue as of December 31, 2025 and 2024 was $203.9 million and $175.0 million, respectively. Revenue recognized in 2025, 2024 and 2023 that was included in deferred revenue at the beginning of the year was $174.5 million, $168.0 million and $163.4 million, respectively. We expect to recognize substantially all of the deferred revenue as of December 31, 2025 as revenue in 2026.

We have omitted disclosure on the transaction price allocated to remaining performance obligations and estimated timing of revenue recognition as our contracts with customers that have a duration of more than one year are immaterial.

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Schedule of Property, Plant and Equipment

Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets as follows:


			Useful Life (Years)
Purchased and internally developed internal-use software			3
Building and building improvements			5–30
Land improvements			7
Furniture and office equipment			5
Computer hardware			3
Leasehold improvements			Shorter of lease term or useful life

Property and equipment, net, consisted of the following (in thousands):


	As of December 31,
	2025		2024


Internal-use software	$	145,294	$	124,628
Purchased software	214		214
Furniture and office equipment	629		1,654
Computer hardware	5,742		6,541
Leasehold improvements	1,598		1,258

Total cost of property and equipment	153,477		134,295
Less: accumulated depreciation and amortization	(95,432)		(74,507)
Property and equipment, net	$	58,045	$	59,788

Schedule of Revenue Recognition

Our transaction and subscription revenue is as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
Transaction	$	263,582	$	245,692	$	247,780
Subscription	492,461		436,189		412,947

Total revenue	$	756,043	$	681,881	$	660,727

Stock-based Compensation (Tables)

12 Months Ended

Dec. 31, 2025

Share-Based Payment Arrangement [Abstract]

Schedule of Stock Based Compensation Cost

We recorded stock-based compensation expense in the following categories in the accompanying consolidated statements of operations and balance sheets (in thousands):


	Year Ended December 31,
	2025		2024		2023
Cost of revenue	$	5,538	$	5,833	$	4,318
Sales and marketing	16,810		8,077		6,096
Technology and development	15,097		19,573		18,899
General and administrative	76,263		38,027		36,702
Total stock-based compensation expense	113,708		71,510		66,015
Amount capitalized to internal-use software	5,264		5,967		4,056
Total stock-based compensation	$	118,972	$	77,477	$	70,071

Schedule of Stock Options Activity

Stock option activity for the year ended December 31, 2025 is as follows (in thousands, except weighted-average exercise price and remaining contract life):


	Number of Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (in Years)	Aggregate Intrinsic Value
Outstanding at December 31, 2024	15,194	$	10.51	2.6	$	442
Granted	—	—
Exercised	(4,496)	9.69
Cancelled	(5,660)	10.36
Forfeited	—	—
Outstanding at December 31, 2025	5,038	$	11.41	5.8	$	2,625
Vested and expected to vest at December 31, 2025	558	$	9.44	5.7	$	1,999
Exercisable at December 31, 2025	4,479	$	11.65	7.1	$	626

Schedule of Fair Value Assumptions and Techniques for Stock Options

The weighted-average assumptions that were used to calculate the grant-date fair value of our stock option grants using the Black-Scholes option pricing model were as follows:


	Year Ended December 31,
		2023
Expected life (years)		5.9
Risk-free interest rate		3.4%-3.8%
Expected volatility		50.4%-50.7%
Expected dividend yield		—

Schedule of Restricted Stock Unit Activity


	Number of Units	Weighted- Average Grant- Date Fair Value
Unvested at December 31, 2024	29,722	$	7.49
Granted(1)	7,381	9.47
Cancelled/forfeited	(3,263)	9.32
Vested	(9,443)	9.12
Unvested at December 31, 2025	24,397	$	7.21

Schedule of Fair Value Assumptions and Techniques for Restricted Stock Units

The assumptions that were used to calculate the grant-date fair value of our PSU grants using a Monte Carlo simulation model were as follows:


						Year Ended December 31,
						2024
Expected life (years)						0.4-0.8
Risk-free interest rate						5.2%-5.4%
Expected volatility						47.4%-66.1%
Expected dividend yield						—

The assumptions that were used to calculate the grant-date fair value of the RSUs with a market vesting condition using a Monte Carlo simulation model were as follows:


	Year Ended December 31,
	2024
Expected life (years)	5
Risk-free interest rate	4.2	%
Expected volatility	59.4	%
Expected dividend yield	—

The assumptions that were used to calculate the grant-date fair value of the RSUs with a market vesting condition using a Monte Carlo simulation model were as follows:


	Year Ended December 31,
	2024
Expected life (years)	3
Risk-free interest rate	4.2	%
Expected volatility	60.9	%
Expected dividend yield	—

Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 93,257	$ 168,834	$ 142,375
Change during period, Net of Tax Amount	(680)	629	(1,265)
Reclassification adjustment for gain included in net income, Net of Tax Amount	(486)	0	0
Ending balance	171,882	93,257	168,834
Accumulated other comprehensive income:
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance, Before Tax Amount	993	312	1,542
Change during period, Before Tax Amount	(812)	681	(1,230)
Ending balance, Before Tax Amount	181	993	312
Beginning balance, Tax Effect	(132)	(80)	(45)
Change during period, Tax Effect	132	(52)	(35)
Ending balance, Tax Effect	0	(132)	(80)
Beginning balance	861	232	1,497
Change during period, Net of Tax Amount	(680)	629	(1,265)
Ending balance	181	861	232
Foreign currency translation adjustments:
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance, Before Tax Amount	463	(12)	1,358
Change during period, Before Tax Amount	(283)	475	(1,370)
Ending balance, Before Tax Amount	180	463	(12)
Beginning balance, Tax Effect	0	0	0
Change during period, Tax Effect	0	0	0
Ending balance, Tax Effect	0	0	0
Beginning balance	463	(12)	1,358
Change during period, Net of Tax Amount	(283)	475	(1,370)
Ending balance	180	463	(12)
Available-for-sale debt security:
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance, Before Tax Amount	530	324	184
Change during period, Before Tax Amount	119	206	140
Reclassification adjustment for gain included in net income, Before Tax Amount	(648)
Ending balance, Before Tax Amount	1	530	324
Beginning balance, Tax Effect	(132)	(80)	(45)
Change during period, Tax Effect	(30)	(52)	(35)
Reclassification adjustment for gain included in net income, Tax Effect	162
Ending balance, Tax Effect	0	(132)	(80)
Beginning balance	398	244	139
Change during period, Net of Tax Amount	89	154	105
Reclassification adjustment for gain included in net income, Net of Tax Amount	(486)
Ending balance	$ 1	$ 398	$ 244

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation Before Adoption (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Provision for income taxes at statutory rate	$ 6,812	$ 9,047	$ 6,614
State income taxes, net of federal benefit	3,326	2,186	1,796
Rate differential on foreign earnings		(2,670)	(130)
Research and development credits	(3,817)	(5,152)	(4,894)
Change in valuation allowance		(413)	814
Stock-based compensation		2,698	4,538
Nondeductible stock-based compensation	10,719	5,757	6,053
Unrecognized tax benefits	2,844	1,699	2,498
Non-deductible expenses		298	350
Other	(465)	(330)	(98)
Total provision for income taxes	$ 17,011	$ 13,120	$ 17,541

Subsequent Events (Details) - 2023 Stock Repurchase Program - USD ($) $ in Millions		1 Months Ended	12 Months Ended
	May 31, 2025	Feb. 20, 2026	Dec. 31, 2024	Oct. 31, 2023
Subsequent Event [Line Items]
Stock repurchase program, increase in amount authorized for repurchase	$ 100.0		$ 115.0
Stock repurchase program, amount authorized for repurchase	$ 315.0			$ 100.0
Subsequent Event
Subsequent Event [Line Items]
Stock repurchase program, increase in amount authorized for repurchase		$ 100.0
Stock repurchase program, amount authorized for repurchase		$ 415.0

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Basis of Presentation and Consolidation

The accompanying consolidated financial statements are presented in accordance with accounting principles generally accepted in the United States of America, or GAAP. All intercompany balances and transactions have been eliminated in consolidation.

On occasion, we enter into relationships or investments with other entities that may be a variable interest entity, or VIE. We analyze our interests, including agreements, loans, guarantees, and equity investments on a periodic basis to determine if such interests are variable interests. If variable interests are identified, then the related entity is assessed to determine if it is a VIE. If we determine that the entity is a VIE, we then assess if we must consolidate the VIE as the primary beneficiary. Our determination of whether we are the primary beneficiary is based upon qualitative and quantitative analyses, which assess the purpose and design of the VIE, the nature of the VIE’s risks and the risks that we absorb, the power to direct activities that most significantly impact the economic performance of the VIE, and the obligation to absorb losses or the right to receive benefits that could be significant to the VIE.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires estimates and assumptions that affect the reported amounts of assets and liabilities, revenue and expenses, and related disclosures of contingent liabilities in the consolidated financial statements and accompanying notes. Estimates are used for, however not limited to, revenue recognition, sales allowances and expected credit loss allowances, available-for-sale debt security, other equity security, recoverability of long-lived assets and goodwill, income taxes, commitments and contingencies, valuation of assets and liabilities acquired in business combinations, and fair value of stock-based compensation. Actual results could differ materially from those estimates. On an ongoing basis, we evaluate the estimates compared to historical experience and other factors including the current economic and regulatory environment, which form the basis for our judgments about the carrying value of assets and liabilities.

Business Combinations

The results of businesses acquired in a business combination are included in our consolidated financial statements from the date of the acquisition. Purchase accounting results in assets and liabilities of an acquired business being recorded at their estimated fair values on the acquisition date. Any excess purchase consideration over the fair value of assets acquired and liabilities assumed is recognized as goodwill.

We perform valuations of assets acquired and liabilities assumed for an acquisition and allocate the purchase price to their respective net tangible and intangible assets. Determining the fair value of assets acquired and liabilities assumed requires management to use judgment and estimates, including the selection of valuation methodologies, estimates of cash flows, discount rates and selection of comparable companies.

We generally engage the assistance of a third-party valuation firm in determining fair values of assets acquired and liabilities assumed and contingent consideration, if any, in a business combination.

Transaction costs associated with business combinations are expensed as incurred and are included in general and administrative expenses in the consolidated statements of operations.

Segment and Geographic Information

Our Chief Executive Officer, as the Chief Operating Decision Maker, or CODM, organizes our company, manages resource allocations, and measures performance on the basis of our one operating segment.

Foreign Currency

The British Pound Sterling is the functional currency for our foreign subsidiaries domiciled in the U.K. The financial statements of these foreign subsidiaries are translated to U.S. Dollars using period-end rates of exchange for assets and liabilities, historical rates of exchange for equity, and average rates of exchange for the period for revenue and expenses. Translation gains and losses are recorded in accumulated other comprehensive income as a component of our consolidated statements of stockholders’ equity.

Fair Value Measurements

Fair value is defined as the price that would be received from selling an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The standard establishes a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The fair value hierarchy is as follows:


Level 1 —			Quoted prices in active markets for identical assets and liabilities.
Level 2 —			Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly.
Level 3 —			Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

At December 31, 2025, our financial assets recorded at fair value on a recurring basis consist of cash equivalents. At December 31, 2024 our financial assets recorded at fair value on a recurring basis consist of cash equivalents and an available-for-sale debt security. The cash equivalent consists of money market funds valued using quoted prices in active markets, which represents Level 1 inputs in the fair value hierarchy. The available-for-sale debt security is valued using a Monte Carlo simulation, which include inputs that represent Level 3 inputs in the fair value hierarchy.

The carrying amounts of accounts receivable, accounts payable and accrued expenses and other current liabilities approximate fair values because of the short-term nature of these items.

Concentrations of Credit Risk

We maintain accounts in the U.S. banks with funds insured by the Federal Deposit Insurance Corporation, or FDIC. Our bank accounts may, at times, exceed the FDIC insured limits. Financial instruments that potentially subject us to credit risk consist principally of cash and cash equivalents. Management believes that we are not exposed to any significant credit risk related to our cash or cash equivalents and have not experienced any losses in such accounts.

Cash and Cash Equivalents

Cash and cash equivalents consist of highly liquid investments with original maturities of ninety days or less at the date of purchase.

Accounts Receivable and Allowance for Credit Losses

Our accounts receivable balances, which are not collateralized and do not bear interest, primarily consist of amounts receivable from our credit and debit card merchant processors, customer receivables, and fees due from third parties for services purchased by our customers from such third parties. We reduce our accounts receivable for sales allowances and a reserve for potentially uncollectible receivables. We determine the amount of the allowances based on various factors, including historical collection experience, the age of the accounts receivable balances, credit quality of our customers, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect our ability to collect from customers. Account balances are charged off against the allowance when we determine that it is not probable we will collect the receivable.

Property and Equipment

Property and equipment are stated at cost, less accumulated depreciation. Repairs and maintenance are expensed as incurred whereas significant renewals and enhancements are capitalized. When assets are retired or otherwise disposed of, the cost and the related accumulated depreciation are removed from the respective accounts and any resulting gain or loss is reflected in our results of operations.

Internal-use Software and Cloud Computing Arrangements

Software development costs include costs to develop software to be used to meet internal needs and applications used to deliver our services. We capitalize development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. We amortize internal-use software costs on a straight-line basis over their estimated useful life of three years commencing when the internal-use software is substantially complete and ready for its intended purpose. Costs related to development of internal-use software are included in the accompanying consolidated balance sheets in property and equipment, net. Costs related to implementation of cloud computing arrangements that do not include a software license are included in the accompanying consolidated balance sheets in prepaid expenses and other current and non-current assets and are amortized over the contractual term of the underlying service arrangement.

Intangible Assets and Other Long-Lived Assets

Intangible assets are stated at cost, net of accumulated amortization. Intangible assets with finite lives are amortized on a straight-line basis over their estimated useful lives, which approximates the pattern in which the economic benefits are consumed. We amortize our intangible assets over an estimated useful life of two to six years.

We assess the impairment of long-lived assets, which consist primarily of property and equipment, right of use assets, acquired intangible assets, and capitalized internal-use software costs, whenever events or changes in circumstances indicate that such assets might be impaired and the carrying value may not be recoverable. Impairment testing is performed at an asset level that represents the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and liabilities, or an asset group. If an asset group is considered impaired, an impairment loss equal to the excess of the asset group’s carrying value over their fair value is recorded. Fair value is determined based on the present value of estimated expected future cash flows using a discount rate commensurate with the risk involved, quoted market prices, or appraised values, depending on the nature of the assets.

Goodwill

Goodwill represents the excess of the aggregate fair value of the consideration transferred in a business combination over the fair value of the assets acquired, net of liabilities assumed. Goodwill is not amortized, however, it is subject to impairment testing at the reporting unit level annually during the fourth quarter of our fiscal year or more frequently if events or changes in circumstances indicate that goodwill may be impaired.

In assessing impairment, we have the option to first assess qualitative factors to determine whether or not a reporting unit is impaired. Alternatively, we may perform a quantitative impairment assessment, or if the qualitative assessment indicates that it is more-likely-than-not that the reporting unit’s fair value is less than its carrying amount, a quantitative analysis is required. The quantitative analysis compares the estimated fair value of the reporting unit with its respective carrying amount, including goodwill. If the estimated fair value of the reporting unit exceeds its carrying amount including goodwill, goodwill is considered not to be impaired. If the fair value is less than the carrying amount including goodwill, then a goodwill impairment charge is recorded by the amount that the carrying value exceeds the fair value, up to the carrying amount of goodwill.

Available-for-sale Debt Security

We have historically held a long-term investment in a privately held company through the purchase of a convertible promissory note. This investment was classified as an available-for-sale debt security. For available-for-sale debt securities that have the estimated fair values below their amortized cost basis, we evaluate our intent to sell the security or whether we will more likely than not be required to sell the security before recovery of its amortized cost basis. If either of these criteria are met, the security’s amortized cost basis is written down to its fair value through earnings. If these criteria are not met, we evaluate whether the decline in fair value has resulted from credit loss or other factors. If the assessment indicates a credit loss exists, the credit-related portion of the loss is recorded as allowance for credit loss with a corresponding credit loss expense, included in the consolidated statement of operations. If the assessment indicates a credit loss does not exist, impairment is recognized in other comprehensive (loss) income, net of applicable taxes.

Investment in Other Equity Security

We hold an investment in an equity security of a privately held company, which does not have readily determinable fair value. We have elected to measure this non-marketable investment at cost, with remeasurements to fair value only upon the occurrence of observable price changes in orderly transactions for identical or similar securities of the same issuer, or in the event of any impairment. This election is reassessed each reporting period to determine whether a non-marketable equity security has a readily determinable fair value, in which case they would no longer be eligible for this election. We evaluate our non-marketable equity security for impairment at each reporting period based on a qualitative assessment that considers various potential impairment indicators. If an impairment exists, a loss is recognized in the consolidated statements of operations for the amount by which the carrying value exceeds the fair value of the investment. We include investment in other equity security within other assets in the accompanying consolidated balance sheets.

Assets Held for Sale

We classified long-lived assets or asset groups we planned to sell as held for sale on our consolidated balance sheets after certain criteria were met including: management had the authority and committed to a plan to sell the asset, the asset was available for immediate sale in its present condition, an active program to locate a buyer and the plan to sell the asset was initiated, the sale of the asset was probable within twelve months (subject to events and circumstances outside our control which could have extended the period required to complete the sale beyond one year), the asset was being actively marketed at a reasonable sales price relative to its current fair value, and it was unlikely that the plan to sell will be withdrawn or that significant changes to the plan would be made. We recorded assets or asset groups held for sale at the lower of their carrying value or fair value less costs to sell. Once classified as held for sale, depreciation and amortization was not recorded for any long-lived assets.

Leases

We determine whether an arrangement is a lease, or contains a lease, at inception if we are able to identify an asset and can conclude we have the right to control the identified asset for a period of time. Leases are included in operating lease right-of-use, or ROU, assets and operating lease liabilities in the accompanying consolidated balance sheets. Leases with an initial term of twelve months or less are not recorded in our accompanying consolidated balance sheets.

We made accounting policy elections, including a short-term lease exception policy, permitting us to not apply the recognition requirements of this standard to short-term leases, which are leases with expected terms of twelve months or less, and an accounting policy to account for lease and certain non-lease

components as a single component for certain classes of assets. Additionally, we use the portfolio approach when applying the discount rate selected based on the dollar amount and term of the obligation.

ROU assets represent our right to control an underlying asset for the lease term, and lease liabilities represent our obligation to make lease payments arising from the lease. ROU assets and operating lease liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. As our leases do not provide an implicit rate, we use the incremental borrowing rate based on the information available at commencement date in determining the discount rate used to present value lease payments. The incremental borrowing rate used is estimated based on what we would be required to pay for a collateralized loan over a similar term. Our leases typically do not include any residual value guarantees, bargain purchase options, or asset retirement obligations.

Our lease terms are only for periods in which we have enforceable rights. A lease is no longer enforceable when both the lessee and the lessor each have the right to terminate the lease without permission from the other party with no more than an insignificant penalty. Our lease terms are impacted by options to extend or terminate the lease when it is reasonably certain that we will exercise that option. We generally use the base, non-cancelable lease term when determining the lease assets and liabilities.

Our agreements may contain variable lease payments. We include variable lease payments that depend on an index or a rate and exclude those which depend on facts or circumstances occurring after the commencement date, other than the passage of time.

Revenue Recognition

We derive our revenue from the following sources:

Transaction revenue—Transaction revenue is primarily generated from our customized legal document services upon fulfillment of these services. Transaction revenue includes filing fees and is net of cancellations, promotional discounts, sales allowances and credit reserves. We also earn fees from third-party providers in connection with lead generation activities, where referred customers purchased services that are transactional in nature.

Subscription revenue—Subscription revenue is generated primarily from subscriptions to our registered agent, compliance packages, attorney advice, legal forms, tax and accounting, virtual mail, eSignature services, and SaaS subscriptions. We generally recognize revenue from our subscriptions ratably over the subscription term. Subscription terms generally range from thirty days to one year. Subscription revenue also includes amounts earned from third-party providers in connection with lead generation activities, where referred customers purchased services that are subscription in nature. Subscription revenue includes the transaction price allocated to bundled free trials for our subscription services and is net of promotional discounts, cancellations, sales allowances and credit reserves and payments to third-party service providers.

For transaction and subscription revenue, we generally collect payments and fees at the time orders are placed and prior to services being rendered. We record amounts collected for services that have not been performed as deferred revenue on our consolidated balance sheets. The transaction price that we record is generally based on the contractual amounts and is reduced for estimated sales allowances for price concessions, charge-backs, sales credits and refunds, which are accounted for as variable consideration when estimating the amount of revenue to recognize.

We determine revenue recognition through the following five steps: identification of a contract with a customer; identification of the performance obligations in the contract; determination of the transaction price; allocation of the transaction price to the performance obligations in the contract; and recognition of revenue when or as the performance obligations are satisfied.

Our customers generally pay for transactions in advance by credit or debit card except for certain services provided under installment plans where we allow customers to pay for their order in three or twelve equal payments. The first installment due under the installment plans is charged to the customer’s debit or credit card on the date the order is placed, and the remaining installments are generally charged on a monthly basis thereafter. We recognize revenue for the amount we expect to be entitled to for providing the services to

our customers. The total fees collected by us for our services include, as applicable, expedited services fees, government filing fees and shipping fees.

Subscription services are generally paid monthly or annually in advance of the subscription period except for virtual mail subscriptions, which are invoiced monthly in arrears. Amounts collected in advance of revenue recognition are recorded in deferred revenue. Customers may pay for services, however, may not provide the necessary information to complete a transaction. We attempt to contact the customer to complete the abandoned order. We recognize revenue on abandoned services, or breakage, when it is likely to occur and the amount can be recognized without significant risk of reversal. We recognize breakage in proportion to the pattern of rights exercised by the customer. Judgment is required to determine the amount of breakage and when breakage is likely to occur, which we estimate based on historical data of breakage for similar services.

Services we offer can generally either be purchased on a stand-alone basis or bundled together as part of a package of services. Accordingly, a significant number of our arrangements include multiple performance obligations, such as the preparation of legal documents combined with related document revision, registered agent services, and free trial periods of our subscriptions. At contract inception, we assess the services promised in our contracts with customers and identify performance obligations for each promise to transfer to the customer a service or bundle of services that is distinct. The identification of distinct performance obligations within our packages may require significant judgment.

The transaction price allocated to each separate performance obligation represents the amount of consideration to which we expect to be entitled in exchange for the services we provide. The transaction price is based on the contractual amounts in our contracts and is reduced for estimated sales allowances for price concessions, charge-backs, sales credits and refunds, which are accounted for as variable consideration when estimating the amount of revenue to recognize. We only include variable consideration in the transaction price to the extent that it is probable that a significant reversal in the amount of cumulative revenue recognized will not occur. We estimate sales allowances using the expected value method. We recognize a liability or a reduction of accounts receivable, and a reduction to revenue based on the estimated amount of sales allowances. We record sales allowances as a reduction of accounts receivable where we expect not to collect the full amount of the outstanding accounts receivable and we record sales allowances as a liability for estimated refunds or credits where we have collected the amounts due from the customer. We have established a sufficient history of estimating sales allowances given the large number of homogeneous transactions. The majority of our allowances and reserves are known within a relatively short period of time following our balance sheet date. The estimated provision for sales allowances has varied from actual results within ranges consistent with management’s expectations. The transaction price excludes sales taxes.

For arrangements that contain multiple performance obligations, such as our bundled arrangements, we allocate the transaction price to each performance obligation based on estimates of the standalone selling price of each performance obligation within the bundle. For the services we sell on a standalone basis, we use the sales price of these services in the allocation of the transaction price in bundled arrangements. Where we do not sell the service on a standalone basis, we estimate the standalone selling price based on the adjusted market assessment approach or the expected cost plus a margin approach when market information is not observable. In these cases, the determination of the standalone selling price may require significant judgment.

We recognize revenue when we satisfy the performance obligation by transferring the promised good or service to the customer. For our transaction-based services, we generally recognize revenue at a point-in-time when the services are delivered to the customer. For our subscription-based services, we generally recognize revenue on a straight-line basis over the subscription term. Revenue earned from leads generated to third-party providers is recognized at a point-in-time when the related performance-based criteria have been met. We assess whether performance criteria have been met on a cost-per-click or cost-per-action basis.

We have elected the practical expedient not to adjust the promised amount of consideration for the effects of a significant financing component if the period between revenue recognition and when the customer pays for the product or service will be one year or less.

Principal Agent Considerations

In certain of our arrangements, another party may be involved in providing services to our customer. We evaluate whether we can recognize revenue gross as a principal or net as an agent. We record revenue on a gross basis when we are the principal in the arrangement. To determine whether we are a principal or an agent, we identify the specified good or service to be provided to the customer and assess whether we control the specified good or service before that good or service is transferred to the customer. We evaluate a number of indicators of whether we control the good or service before it is transferred to the customer, including whether we have primary fulfillment responsibility and obligation to perform the services being sold to the customer; we have latitude in establishing the sales price; and we have inventory risk.

In arrangements in which we are the principal, we record as revenue the amounts we have billed to our customer, net of sales allowance, and we record the fee payable to the third-party as cost of revenue. We are

the principal in most of our legal document preparation, tax preparation and advisory services, and registered agent services, including legal entity formations and similar arrangements. For these services, revenue includes filing and similar fees. Our alternative business structure, or ABS, offers legal advisory services that are marketed through our websites. Our ABS provides independent legal advice to our customers and is directly responsible for, and control the fulfillment of, the legal services. Accordingly, for services provided by our ABS, we recognize revenue as the principal.

In arrangements in which we are not the principal, we record revenue on a net basis, which is equal to the amount billed to our customer, net of sales allowances and the fee payable to the third party or partner that is primarily responsible for performing the services for the customer. Except for our ABS, we are not a law firm in the U.S. and cannot provide legal advice through our U.S. entities. Therefore, the participating independent law firms in our legal plans control the service to the customer and have the primary service obligation to provide attorney consultations to our customers, for which we pay the law firms a monthly fee. For these arrangements, we recognize revenue on a net basis as an agent. For other services provided by third parties, including deed transfer, accounting, revenue is recognized net of fees payable to third parties. For revenue earned from leads generated to third-party providers, we receive a fee for the referral of our customer to a third-party provider or we retain a portion of the fee paid by the customer and share the remainder with a third-party. The third-party providers control the service to the customer and are responsible for fulfilling the referred service to the customer; accordingly, we recognize revenue for these arrangements on a net basis.

Revenue includes shipping and handling fees charged to customers.

Cost of Revenue

Sales and Marketing Expenses

Sales and marketing expenses consist of customer acquisition media costs, compensation and related benefits, including stock-based compensation for marketing and sales personnel, media production, public relations and other promotional activities, general business development activities, an allocation of depreciation and amortization and allocated overhead. Customer acquisition media costs consist primarily of search engine marketing, television and social media costs. Marketing and advertising costs to promote our services are expensed in the period incurred. Media production costs are expensed the first time the advertisement is aired.

Technology and Development Expenses

Technology and development expenses consist primarily of personnel costs and related benefits, including stock-based compensation for technology and development personnel, expenses for outside consultants, an allocation of depreciation and amortization and allocated overhead. These expenses include costs incurred in the development and implementation of our products, websites, mobile applications, online legal platform, research and development and related infrastructure. Technology and development expenses are expensed as incurred, except to the extent that such costs are associated with internal-use software costs that qualify for capitalization as previously described under Internal-use Software and Cloud Computing Arrangements.

General and Administrative Expenses

Our general and administrative expenses relate primarily to compensation and related benefits, including stock-based compensation, for executive and corporate personnel, professional and consulting fees, an allocation of depreciation and amortization, allocated overhead and legal costs.

Stock-based Compensation

We estimate the fair value of employee stock-based payment awards on the grant-date and recognize the resulting fair value, net of estimated forfeitures, over the requisite service period. We use the Black-Scholes option pricing model for estimating the fair value of options granted under our stock option plans that vest based on service and performance conditions. The fair value of restricted stock units, or RSUs, that vest based on service and performance conditions is determined based on the value of the underlying common stock at the date of grant. For awards that contain market conditions, we estimate the fair value using a Monte Carlo simulation model. We record expense for awards that contain performance conditions only to the extent that we determine it is probable that the performance condition will be achieved. Expense for awards containing market conditions is not reversed even if the market condition is not achieved. We have elected to treat stock-based payment awards with graded vesting schedules and time-based service conditions as a single award and recognize stock-based compensation on a straight-line basis, net of estimated forfeitures, over the requisite service period. Awards with performance or market conditions are recognized using graded vesting.

The Black-Scholes option pricing model and the Monte Carlo simulation model requires us to make certain assumptions including the fair value of the underlying common stock, the expected term, the expected stock price volatility, the risk-free interest rates and the dividend yield.

The fair value of the shares of common stock underlying stock options and RSUs is based upon our publicly listed share price on the date of grant.

The expected term of employee stock options represents the weighted-average period that the stock options are expected to remain outstanding. The expected term of options granted is estimated based upon actual historical exercise and post-vesting cancellations, adjusted for expected future exercise behavior. The expected term of RSUs is defined as the remaining term from the grant date to the end of the performance period.

Because our common stock has limited publicly traded history, we estimate the expected volatility from the historical volatility of selected public companies with comparable characteristics to us, including similarity in size, lines of business, market capitalization and revenue and financial leverage. We determine the expected volatility assumption using the frequency of daily historical prices of comparable public companies’ common stock for a period equal to the expected term of the options. We periodically assess the comparable companies and other relevant factors used to measure expected volatility for future stock options and RSUs with market conditions grants.

The risk-free interest rate assumption is based upon observed interest rates on the U.S. government securities appropriate for the expected term of our stock options and RSUs with market conditions.

The dividend yield assumption is based on our history and expectation of dividend payouts. We have not declared or paid any cash dividends on our common stock, and we do not anticipate paying any cash dividends in the foreseeable future.

Stock-based compensation expense is recognized based on awards that are ultimately expected to vest.

Forfeitures are estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates. Forfeitures are estimated based on our historical experience and future expectations.

The determination of stock-based compensation is inherently uncertain and subjective and involves the application of valuation models and assumptions requiring the use of judgment. If we had made different assumptions, our stock-based compensation expense, and our net income for the years ended December 31, 2025, 2024, and 2023 may have been materially different.

Loss Contingencies

On occasion we are involved in legal proceedings, claims, and regulatory, indirect tax examinations or government inquiries and investigations that may arise in the ordinary course of business. We record loss contingencies in our consolidated financial statements in the period when they are probable and reasonably estimable. If the amount is probable and we are able to reasonably estimate a range of loss, we accrue the amount that is the best estimate within that range, and if no amount is better than any other in the range, we record the amount at the low end in the range. We disclose those contingencies that we believe are at least reasonably possible but not probable regardless of whether they are reasonably estimable. The likelihood of a

loss is determined using several factors including the nature of the matter, advice of our internal and external counsel, previous experience and historical and other relevant information available to us. The determination of the likelihood of loss or the range of loss requires significant management judgment. Legal fees and other costs associated with such actions are expensed as incurred.

Income Taxes

We account for income taxes using the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in our consolidated financial statements. Deferred income tax assets and liabilities are measured using enacted tax rates anticipated to be in effect when those tax assets and liabilities are expected to be realized or settled. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in the consolidated statements of operations in the period that includes the enactment date.

We make judgments in evaluating whether deferred tax assets will be recovered from future taxable income. A valuation allowance is established if, based upon the available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. We consider all available evidence, both positive and negative, including historical levels of income, expectations and risk associated with estimates of future taxable income in assessing the need for a valuation allowance. If our assumptions and consequently our estimates, change in the future, the valuation allowance may be increased or decreased, resulting in an increase or decrease, which may be material, to our provision for income taxes and the related impact on our net income.

We recognize tax benefits from an uncertain position only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits. If this threshold is met, we measure the tax benefit as the largest amount of the benefit that is greater than fifty percent likely to be realized upon ultimate settlement. We recognize penalties and interest accrued with respect to uncertain tax positions as a component of the income tax provision.

Net Income Per Share

Basic net income per share is calculated by dividing net income by the weighted-average number of shares of common stock outstanding, net of unvested restricted stock, if any, during the period. We compute diluted net income per share by dividing net income by the weighted-average number of shares of common stock outstanding, including dilutive common shares outstanding during the period. Dilutive shares outstanding include stock options, RSUs, and employee stock purchase plans, or ESPPs, computed using the treasury stock method.

Recently Adopted Accounting Pronouncements and Accounting Pronouncements Not Yet Adopted

Recently Adopted Accounting Pronouncements

In June 2022, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2022-03, Fair Value Measurement—Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions (Topic 820), or ASU 2022-03, which clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The amendments are effective for fiscal years beginning after December 15, 2023. We early adopted ASU 2022-03 during the three months ended June 30, 2023. The adoption of this accounting standard did not have a material impact on our consolidated financial statements.

In September 2022, the FASB issued ASU 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations, which requires that a buyer in a supplier finance program disclose qualitative and quantitative information about its supplier finance programs. We adopted ASU 2022-04 effective January 1, 2023. The adoption of this accounting standard did not have a material impact on our consolidated financial statements.

In March 2023, the FASB issued ASU 2023-01, Leases (Topic 842): Common Control Arrangements, which amends certain provisions of Accounting Standards Codification, or ASC, 842 related to the accounting for leasehold improvements in common-control arrangements. ASU 2023-01 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. We early adopted ASU 2023-01 effective January 1, 2023. The adoption of this accounting standard did not have a material impact on our consolidated financial statements.

In March 2023, the FASB issued ASU 2023-02, Accounting for Investments in Tax Credit Structures Using the Proportional Amortization Method, which allows reporting entities to elect to account for qualifying tax equity investments using the proportional amortization method, regardless of the program giving rise to the related income tax credits. ASU 2023-02 is effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. We early adopted ASU 2023-02 effective January 1, 2023.

The adoption of this accounting standard did not have a material impact on our consolidated financial statements.

In July 2023, the FASB issued ASU 2023-03 to amend various paragraphs in the ASC to align with the previously issued SEC guidance. ASU 2023-03 did not provide any new guidance, and there is no transition or effective date associated with it resulting in the ASU 2023-03 being effective upon issuance. Consequently, the adoption of this accounting standard did not have a material impact on our consolidated financial statements.

In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which requires public entities to disclose information about their reportable segments’ significant expenses on an interim and annual basis. ASU 2023-07 is effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. We adopted ASU 2023-07 in 2024. Refer to Note 21 to our consolidated financial statements.

In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires entities to disclose more detailed information in the reconciliation of their statutory tax rate to their effective tax rate. This accounting standard is effective for fiscal years beginning after December 15, 2024. ASU 2023-09 will be applied prospectively with an option for retroactive application to each period in the financial statements, and early adoption is permitted. We adopted ASU 2023-09 for the year ended December 31, 2025 and applied the new disclosure requirements prospectively to the current annual period. Prior period disclosures have not been adjusted. Refer to Note 18 to our consolidated financial statements.

In March 2024, the FASB issued ASU 2024-01, Compensation—Stock Compensation (Topic 718): Scope Application of Profits Interest and Similar Awards, which clarifies how an entity determines whether a profits interest or similar award is a share-based payment arrangement that is within the scope of ASC 718, Compensation - Stock Compensation. This accounting standard is effective for fiscal years beginning after December 15, 2024, including interim periods within those years, and early adoption is permitted. ASU 2024-01 can be applied retrospectively to all prior periods presented in the financial statements or prospectively to profits interest and similar awards granted or modified on or after the date at which the entity first applies this accounting standard. We early adopted ASU 2024-01 effective January 1, 2024 and will apply the amendments prospectively to profits interest and similar awards granted or modified on or after January 1, 2024. The adoption of this accounting standard did not have a material impact on our consolidated financial statements.

In March 2024, the FASB issued ASU 2024-02, Codification Improvements — Amendments to Remove References to the Concepts Statements, to amend a variety of topics in the accounting codification by removing references to various FASB concepts statements. This accounting standard is effective for fiscal years beginning after December 15, 2024, and early adoption is permitted. ASU 2024-02 can be applied retrospectively to the beginning of the earliest comparative period presented in which the amendments were first applied or prospectively to all new transactions recognized on or after the date that the entity first applies the amendments. We early adopted ASU 2024-02 effective January 1, 2024 and will apply the amendments prospectively to all new transactions recognized on or after January 1, 2024. The adoption of this accounting standard did not have a material impact on our consolidated financial statements.

Accounting Pronouncements Not Yet Adopted

In November 2024, FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires public business entities to disaggregate certain expense captions into specific categories in disclosures within the notes to the financial statements. As further clarified by ASU 2025-01, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40), issued by FASB in January 2025, this accounting standard is effective for fiscal years beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. The amendments in ASU 2024-03 should be applied either prospectively or retrospectively to any or all prior periods presented in the financial statements, and early adoption is permitted. We are currently evaluating the impact of the adoption on our consolidated financial statements.

In November 2024, FASB issued ASU 2024-04, Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments, which clarifies the requirements for determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion. ASU 2024-04 is effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted as of the beginning of a reporting period if the entity has also adopted ASU 2020-06 for that period. Entities may apply the new guidance prospectively to settlements of convertible debt instruments that take place during annual reporting periods (and interim reporting periods within those annual reporting periods) beginning after the effective date of ASU 2024-04. Retrospective application may be elected as of the beginning of the first comparative

reporting period in which the entity has also applied ASU 2020-06. We are currently evaluating the impact of the adoption on our consolidated financial statements.

In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, which provides a practical expedient for calculating current expected credit losses for current accounts receivables and current contract assets by assuming that the current conditions as of the balance sheet date will not change for the remaining life of the asset. The accounting standard is effective for interim and annual reporting periods beginning after December 15, 2025 and is to be applied on a prospective basis. We are currently evaluating the impact of the adoption to our consolidated financial statements.

In September 2025, the FASB issued ASU 2025-06, Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, to remove all references to software development stages and to require capitalizing software costs when management has authorized and committed to funding a software project and it is probable that the project will be completed and that the software will be used to perform the function intended. The accounting standard is effective for annual reporting periods beginning after December 15, 2027 and interim reporting periods within those annual reporting periods with early adoption permitted at the beginning of an annual reporting period. The adoption of ASU 2025-06 can use a prospective, modified retrospective or retrospective transition. We are currently evaluating the impact of the adoption to our consolidated financial statements.

In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements, to make targeted, narrow-scope improvements to the interim reporting guidance in Topic 270 to clarify application and improve consistency in practice. The amendments create a comprehensive list of required interim disclosures and introduce a disclosure principle requiring entities to disclose, in interim periods, any event or change since the previous year-end that has a material effect on the entity. The accounting standard is effective for interim reporting periods within annual reporting periods beginning after December 15, 2027 with early adoption is permitted. The adoption of ASU 2025-06 can use a prospective or retrospective transition. We are currently evaluating the impact of the adoption to our consolidated financial statements.

In December 2025, the FASB issued ASU No. 2025-12, Codification Improvements including various items that represent changes to clarify, correct, or make minor improvements to various codifications. The accounting standard is effective for interim reporting periods within annual reporting periods beginning after December 15, 2026 with early adoption is permitted. The adoption method of this ASU may vary, on an issue-by-issue basis. We are currently evaluating the impact of the adoption to our consolidated financial statements.

Stock-based Compensation - Schedule of Stock Options Activity (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
Number of Options
Beginning balance (in shares)	15,194
Granted (in shares)	0	0
Exercised (in shares)	(4,496)
Cancelled (in shares)	(5,660)
Forfeited (in shares)	0
Ending balance (in shares)	5,038	15,194
Vested and expected to vest at end of period (in shares)	558
Exercisable at end of period (in shares)	4,479
Weighted- Average Exercise Price
Beginning balance (in dollars per share)	$ 10.51
Granted (in dollars per share)	0
Exercised (in dollars per share)	9.69
Cancelled (in dollars per share)	10.36
Forfeited (in dollars per share)	0
Ending balance (in dollars per share)	11.41	$ 10.51
Vested and expected to vest at end of period (in dollars per share)	9.44
Exercisable at end of period (in dollars per share)	$ 11.65
Weighted- Average Remaining Contractual Life (in Years)	5 years 9 months 18 days	2 years 7 months 6 days
Vested and expected to vest at end of period, term	5 years 8 months 12 days
Exercisable at end of period, term	7 years 1 month 6 days
Aggregate Intrinsic Value	$ 2,625	$ 442
Vested and expected to vest at end of period	1,999
Exercisable at ending period	$ 626

Other Financial Statement Information - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Other Financial Information [Abstract]
Deferred revenue	$ 203.9	$ 175.0
Deferred revenue recognized	$ 174.5	$ 168.0	$ 163.4

Consolidated Statements of Stockholders’ Equity - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Accumulated Other Comprehensive Income
Beginning balance (in shares) at Dec. 31, 2022		190,822
Beginning balance at Dec. 31, 2022	$ 142,375	$ 190	$ 1,032,550	$ (891,862)	$ 1,497
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options and ESPP (in shares)		976
Issuance of common stock upon exercise of stock options and ESPP	8,445	$ 1	8,444
Issuance of common stock upon vesting of restricted stock unit awards (in shares)		3,438
Issuance of common stock upon vesting of restricted stock unit awards	1	$ 3	(3)
Shares surrendered for settlement of minimum statutory tax withholdings (in shares)		(829)
Shares surrendered for settlement of minimum statutory tax withholdings	(9,587)		(9,587)
Stock-based compensation	70,071		70,071
Repurchase and retirement of common stock (in shares)		(5,868)
Repurchase and retirement of common stock	(54,873)	$ (6)		(54,867)
Stock repurchase costs	(100)			(100)
Other comprehensive (loss) income	(1,265)				(1,265)
Stock repurchase excise tax	(185)			(185)
Net income	13,953			13,953
Ending balance (in shares) at Dec. 31, 2023		188,538
Ending balance at Dec. 31, 2023	168,834	$ 189	1,101,474	(933,061)	232
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options and ESPP (in shares)		651
Issuance of common stock upon exercise of stock options and ESPP	2,414	$ 1	2,413
Issuance of common stock upon vesting of restricted stock unit awards (in shares)		5,875
Issuance of common stock upon vesting of restricted stock unit awards	0	$ 6	(6)
Shares surrendered for settlement of minimum statutory tax withholdings (in shares)		(2,217)
Shares surrendered for settlement of minimum statutory tax withholdings	(19,822)	$ (2)	(19,820)
Stock-based compensation	77,477		77,477
Repurchase and retirement of common stock (in shares)		(19,228)
Repurchase and retirement of common stock	(164,991)	$ (19)		(164,972)
Other comprehensive (loss) income	629				629
Stock repurchase excise tax	(1,247)			(1,247)
Net income	$ 29,963			29,963
Ending balance (in shares) at Dec. 31, 2024	173,619	173,619
Ending balance at Dec. 31, 2024	$ 93,257	$ 175	1,161,538	(1,069,317)	861
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options and ESPP (in shares)	4,496	4,749
Issuance of common stock upon exercise of stock options and ESPP	$ 45,778	$ 5	45,773
Issuance of common stock upon vesting of restricted stock unit awards (in shares)		9,443
Issuance of common stock upon vesting of restricted stock unit awards	0	$ 9	(9)
Issuance of common stock for acquisition (in shares)		2,205
Issuance of common stock for acquisition	20,047	$ 2	20,045
Shares surrendered for settlement of minimum statutory tax withholdings (in shares)		(4,102)
Shares surrendered for settlement of minimum statutory tax withholdings	(40,387)	$ (4)	(40,383)
Stock-based compensation	118,972		118,972
Repurchase and retirement of common stock (in shares)		(8,290)
Repurchase and retirement of common stock	(80,532)	$ (8)		(80,524)
Other comprehensive (loss) income	(680)				(680)
Net income	$ 15,427			15,427
Ending balance (in shares) at Dec. 31, 2025	177,624	177,624
Ending balance at Dec. 31, 2025	$ 171,882	$ 179	$ 1,305,936	$ (1,134,414)	$ 181

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Dec. 31, 2025 shares
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Nicole Miller [Member]
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	On November 9, 2025, Nicole Miller, our Chief Legal Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale of up to an aggregate of 89,461 shares of the Company’s common stock. The actual number of shares sold under the trading arrangement will be net of shares withheld for taxes upon vesting and settlement of the RSUs subject to the trading plan and is not determinable at this time. The trading arrangement is intended to satisfy the affirmative defense in Rule 10b5-1(c). The expiration of the trading arrangement is May 29, 2026, or earlier if all transactions under the trading arrangement are completed.
Name	Nicole Miller
Title	Chief Legal Officer
Rule 10b5-1 Arrangement Adopted	true
Adoption Date	November 9, 2025
Expiration Date	May 29, 2026
Arrangement Duration	201 days
Aggregate Available	89,461

Other Financial Statement Information (Tables)

12 Months Ended

Dec. 31, 2025

Other Financial Information [Abstract]

Schedule of Changes in the Allowance

Changes in the allowances consisted of the following (in thousands):


	Year Ended December 31,
	2025		2024		2023
Beginning balance	$	2,121	$	4,906	$	4,730
Add: amounts recognized as a reduction of revenue	3,413		6,594		8,220
Add (Less): allowance for credit losses recognized in general and administrative expense	393		(37)		1,144
Less: write-offs, net of recoveries	(3,646)		(9,342)		(9,188)
Ending balance	$	2,281	$	2,121	$	4,906

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following (in thousands):


	As of December 31,
	2025		2024
Prepaid expenses	$	10,165	$	9,129
Deferred cost of revenue	2,415		1,670
Capitalized cloud computing development costs	1,449		1,599
Income tax receivable	3,251		3,701
Other current assets	954		1,827
Total prepaid expenses and other current assets	$	18,234	$	17,926

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following (in thousands):


	As December 31,
	2025		2024
Accrued payroll and related expenses	$	32,785	$	27,518
Accrued vendor payables	17,444		15,895
Accrued advertising	2,551		1,636
Sales allowances	3,126		3,086
Accrued sales, use and business taxes	10,409		6,984
Deferred consideration relating to business acquired	12,627		—
Other	4,419		2,809
Total accrued expenses and other current liabilities	$	83,361	$	57,928

Schedule of Changes in Sales Allowance

Changes in sales allowances relating to charge-backs, sales credits and refunds consisted of the following (in thousands):


	Year Ended December 31,
	2025		2024		2023
Beginning balance	$	3,086	$	3,412	$	4,426
Add: increase in sales allowances	6,029		4,327		6,635
Less: utilization of reserves	(5,989)		(4,653)		(7,649)
Ending balance	$	3,126	$	3,086	$	3,412

Schedule of Depreciation and Amortization Expense

Depreciation and amortization expense of our property and equipment, including capitalized internal-use software, and intangible assets consisted of the following (in thousands):


	Year Ended December 31,
	2025		2024		2023
Cost of revenue	$	20,687	$	18,902	$	12,772
Sales and marketing	9,261		3,736		5,286
Technology and development	8,516		7,688		4,184
General and administrative	5,659		4,601		3,141
Total depreciation and amortization expense	$	44,123	$	34,927	$	25,383

Income Taxes - Schedule of Unrecognized Tax Benefits Roll Forward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Gross Unrealized Tax Benefits
Beginning balance	$ 13,407	$ 11,519	$ 8,920
Additions for tax positions related to the current year	1,965	2,854	2,181
Additions for tax positions related to prior years	1,416		418
Reductions for tax positions related to prior years		(966)
Ending balance	$ 16,788	$ 13,407	$ 11,519

Stock-based Compensation - Schedule of Restricted Stock Unit Activity (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024
RSUs
Number of Units
Unvested at beginning of period (in shares)	29,722
Granted (in shares)	7,381
Cancelled/forfeited (in shares)	(3,263)
Vested (in shares)	(9,443)
Unvested at ending of period (in shares)	24,397	29,722
Weighted- Average Grant- Date Fair Value
Unvested at beginning of period (in dollars per share)	$ 7.49
Granted (in dollars per share)	9.47
Cancelled/forfeited (in dollars per share)	9.32
Vested (in dollars per share)	9.12
Unvested at ending of period (in dollars per share)	$ 7.21	$ 7.49
April 2025 PSUs \| Maximum
Weighted- Average Grant- Date Fair Value
Percentage of target awards determining vesting of units	400.00%	0.00%

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenue	$ 756,043	$ 681,881	$ 660,727
Cost of revenue	257,960	240,093	239,263
Gross profit	498,083	441,788	421,464
Operating expenses:
Sales and marketing	261,745	207,684	210,872
Technology and development	81,941	89,584	83,181
General and administrative	143,758	108,939	106,352
Gain on sale of assets held for sale	(14,337)	0	0
Total operating expenses	473,107	406,207	400,405
Income from operations	24,976	35,581	21,059
Interest expense	(1,294)	(446)	(493)
Interest income	7,569	7,850	9,307
Other income, net	1,187	98	1,621
Income before income taxes	32,438	43,083	31,494
Provision for income taxes	17,011	13,120	17,541
Net income	15,427	29,963	13,953
Net income — basic:	15,427	29,963	13,953
Net income — diluted:	$ 15,427	$ 29,963	$ 13,953
Net income per share:
Net income per share — basic (in dollars per share)	$ 0.09	$ 0.17	$ 0.07
Net income per share — diluted (in dollars per share)	$ 0.08	$ 0.16	$ 0.07
Weighted-average shares used to compute net income per share:
Weighted-average shares used to compute net income per share — basic (in shares)	178,798	180,210	190,466
Weighted-average shares used to compute net income per share — diluted (in shares)	184,690	182,865	194,415

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2025
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In February 2026, the board of directors approved a $100.0 million increase in our 2023 stock repurchase program, bringing the aggregate amount authorized to $415.0 million.

Stock-based Compensation - Schedule of Fair Value Assumptions and Techniques for Performance Shares (Details)	12 Months Ended
	Dec. 31, 2024
PSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk free interest rate, minimum	5.20%
Risk free interest rate, maximum	5.40%
Expected volatility, minimum	47.40%
Expected volatility, maximum	66.10%
Expected dividend yield	0.00%
PSUs \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)	4 months 24 days
PSUs \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)	9 months 18 days
July 2024 RSUs with Market Vesting Condition
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)	5 years
Risk-free interest rate	4.20%
Expected volatility	59.40%
Expected dividend yield	0.00%
November 2024 RSUs with Market Vesting Condition
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)	3 years
Risk-free interest rate	4.20%
Expected volatility	60.90%
Expected dividend yield	0.00%

Goodwill

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

The changes in goodwill for 2025 and 2024 were as follows (in thousands):


	Amount
Balance as of December 31, 2023 and 2024	$	63,318



Acquisition of Formation Nation(1)	77,387
Balance as of December 31, 2025	$	140,705

(1) Amounts relate to the acquisition of Formation Nation. Refer to Note 5. Acquisition to our consolidated financial statements.

- Definition

The entire disclosure for goodwill.

+ References + Details

Leases - Schedule of Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Leases [Abstract]
Operating lease cost	$ 4,077	$ 2,696	$ 3,127
Other variable cost	1,009	318	276
Finance lease cost	2	26	38
Net lease cost	$ 5,088	$ 3,040	$ 3,441

Description of the Business (Details) - Formation Nation $ in Thousands	Feb. 10, 2025 USD ($) shares
Business Combination [Line Items]
Total consideration \| $	$ 83,197
Equity consideration (in shares) \| shares	2,205,445

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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+ Details

Segment Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table summarizes financial information by reportable segment regularly provided to the CODM (in thousands):


	Year Ended December 31,
	2025		2024		2023
Transaction Revenue	$	263,582	$	245,692	$	247,780
Subscription Revenue	$	492,461	$	436,189	$	412,947
Total revenue	$	756,043	$	681,881	$	660,727
Less:
Filings fees	$	98,292	$	83,269	$	88,103
Other cost of revenue, excluding depreciation, amortization and stock-based compensation	$	133,443	$	132,089	$	134,070
Customer acquisition marketing	$	175,614	$	157,578	$	145,338
Other sales and marketing, excluding depreciation, amortization and stock-based compensation	$	60,060	$	38,293	$	54,152
Technology and development, excluding depreciation, amortization and stock-based compensation	$	58,328	$	62,323	$	60,098


	Year Ended December 31,
	2025		2024		2023
General and administrative, excluding depreciation, amortization, stock-based compensation, and restructuring	$	60,982	$	60,215	$	61,843
Stock-based compensation	$	113,708	$	71,510	$	66,015
Depreciation and amortization	$	44,123	$	34,927	$	25,383
Interest income	$	(7,569)	$	(7,850)	$	(9,307)
Interest expense	$	1,294	$	446	$	493
Restructuring(1)	$	854	$	6,096	$	4,666
Other segment items(2)	$	(1,187)	$	(98)	$	(1,621)
Provision for income taxes	$	17,011	$	13,120	$	17,541


Gain on sale of assets held for sale	$	(14,337)	$	—	$	—
Segment net income	$	15,427	$	29,963	$	13,953

Reconciliation of profit or loss
Adjustments and reconciling items	$	—	$	—	$	—
Consolidated net income	$	15,427	$	29,963	$	13,953

(1) For 2025, 2024 and 2023 restructuring costs related to the reduction of our global workforce. Restructuring expenses include salary and benefits for the impacted employees and are included in general and administrative expenses in the consolidated statements of operations.

(2) In 2024 and 2023, other segment items included in segment net income primarily consist of foreign currency gains or losses related to our intercompany loans which were denominated in British Pound Sterling, or GBP, and were written down in 2024. Other segment items included in segment net income for 2025 primarily consist of gain on sale of available-for-sale debt security and change in fair value of other equity security partially offset by the loss on debt extinguishment related to our Amended Revolving Facility and are included in other income, net on the consolidated statements of operations.

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 203,100	$ 142,064
Accounts receivable, net of allowances of $2,281 and $2,121, respectively	20,589	8,511
Prepaid expenses and other current assets	18,234	17,926
Current assets held for sale	0	22,722
Total current assets	241,923	191,223
Property and equipment, net	58,045	59,788
Goodwill	140,705	63,318
Intangible assets, net	18,152	8,653
Operating lease right-of-use assets	13,414	7,189
Deferred income taxes	31,884	34,696
Available-for-sale debt security (amortized cost of $0 and $848), respectively	0	1,377
Other assets	7,399	7,639
Total assets	511,522	373,883
Current liabilities:
Accounts payable	27,167	31,150
Accrued expenses and other current liabilities	83,361	57,928
Deferred revenue	203,653	174,643
Operating lease liabilities	4,338	1,861
Total current liabilities	318,519	265,582
Operating lease liabilities, non-current	10,025	6,018
Deferred revenue	277	381
Other liabilities	10,819	8,645
Total liabilities	339,640	280,626
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value 100,000 shares authorized at December 31, 2025 and 2024, none issued or outstanding at December 31, 2025 and 2024	0	0
Common stock, $0.001 par value; 1,000,000 and 1,000,000 shares authorized; 177,624 and 173,619 shares issued and outstanding at December 31, 2025 and 2024, respectively	179	175
Additional paid-in capital	1,305,936	1,161,538
Accumulated deficit	(1,134,414)	(1,069,317)
Accumulated other comprehensive income	181	861
Total stockholders’ equity	171,882	93,257
Total liabilities and stockholders’ equity	$ 511,522	$ 373,883

Intangible Assets, net

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, net

Intangible assets, net, consisted of the following (in thousands):


	As of December 31, 2025
	Remaining Weighted average useful life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	5.9	$	23,288	$	10,902	$	12,386
Developed technology	4.0	17,681		14,157		3,524
Trade names	4.1	2,679		637		2,042
Assembled workforce	0.0	125		125		—
In-process research and development	N/A	200		—		200
Total intangible assets		$	43,973	$	25,821	$	18,152


	As of December 31, 2024
	Remaining Weighted average useful life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	2.8	$	12,088	$	7,081	$	5,007
Developed technology	1.3	14,281		10,666		3,615
Trade names	0.0	179		179		—
Assembled workforce	0.8	125		94		31
Total intangible assets		$	26,673	$	18,020	$	8,653

In 2025, 2024 and 2023, we recorded amortization expense of $7.8 million, $5.1 million and $5.2 million, respectively.

At December 31, 2025, estimated future intangible assets amortization expense was as follows (in thousands):


For Years Ending December 31,
2026	$	6,260
2027	5,063
2028	3,590
2029	2,811
2030	228
Total future amortization expense	$	17,952

401(k) Savings Plan	12 Months Ended
401(k) Savings Plan	Dec. 31, 2025
Retirement Benefits [Abstract]
401(k) Savings Plan	401(k) Savings Plan We have a defined contribution savings plan under Section 401(k) of the Internal Revenue Code. This plan covers substantially all employees who meet minimum age and service requirements and allows participants to defer a portion of their annual compensation on a pre-tax basis. Under the 401(k) plan, matching contributions are based upon the amount of the employees’ contributions subject to certain limitations. We contributed $3.8 million, $4.0 million, and $4.0 million to the 401(k) plan in 2025, 2024, and 2023, respectively.

Assets Held for Sale	12 Months Ended
Assets Held for Sale	Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]
Assets Held for Sale	Assets Held for Sale In September 2022, following an evaluation of our office space and business requirements, we determined that our operational headquarters property at 9900 Spectrum Drive in Austin, Texas was no longer aligned with operational needs due to an increased shift to remote work. As a result, we initiated plans to sell the property consisting of land, a building and building improvements, and classified these assets as held for sale. On September 24, 2024, we entered into a binding purchase and sale agreement for this property with Round Rock Independent School District. The sale was completed on March 31, 2025, and we received net cash proceeds of approximately $37.1 million after deducting selling costs such as brokerage commissions, title fees, and asset disposal costs. Prior to completion of the sale, the property had a carrying value of $22.7 million. As a result of the sale, we recognized a gain of $14.3 million. This gain is recorded in gain on sale of assets held for sale on the accompanying consolidated statements of operations. As of March 31, 2025, the property was fully derecognized from our accompanying consolidated balance sheets and no amounts remain to be classified as held for sale as of December 31, 2025.

Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		$ 0
Total assets	$ 180,778	114,690
Level 1 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	180,778	114,690
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		0
Total assets	0	0
Level 2 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	0	0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale debt securities		1,377
Total assets	0	1,377
Level 3 \| Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds	$ 0	$ 0

Stockholders' Equity	12 Months Ended
Stockholders' Equity	Dec. 31, 2025
Equity [Abstract]
Stockholders' Equity	Stockholders’ Equity Stock Repurchase Program. On March 1, 2022, our board of directors approved a stock repurchase program, or 2022 stock repurchase program, authorizing us to repurchase up to $150.0 million of our common stock, with no fixed expiration. In September 2023, we repurchased a total of 4,718,755 shares of our common stock for a total repurchase of $45.1 million directly from a selling stockholder, who was a related party due to the selling stockholder’s then-ownership of our common stock, in a private, non-underwritten transaction at a price of $9.55 per share, which was equal to the price paid by the underwriters to the selling stockholder in a concurrent secondary public offering. The repurchase was recorded as a reduction to stockholders' equity. Upon this repurchase, no further repurchases were available under our 2022 stock repurchase program. The secondary offering of 16,100,000 shares of our common stock by a selling stockholder was completed at a price to the public of $10.00 per share before underwriting discounts and commissions. All direct and incremental costs incurred in connection with the secondary offering were expensed because we did not receive any proceeds from the sale of shares of common stock in the secondary offering. In October 2023, our board of directors approved a new stock repurchase program authorizing repurchases of up to $100.0 million of our common stock, with no fixed expiration. During 2024, our board of directors approved a $115.0 million increase in the 2023 stock repurchase program. In May 2025, our board of directors approved an additional $100.0 million increase in the 2023 stock repurchase program, bringing the aggregate amount authorized to $315.0 million. The 2023 stock repurchase program authorizes us to repurchase our common stock through any manner, including open market transactions, accelerated stock repurchase agreements, or in privately negotiated transactions with third parties, and in such amounts as management deems appropriate. Open market repurchases may be structured to occur in accordance with applicable federal securities laws, including within the pricing and volume requirements of Rule 10b-18 under the Securities Exchange Act of 1934, as amended. We also, from time to time, entered and may enter into Rule 10b5-1 plans to facilitate repurchases of our shares of common stock under this authorization. The 2023 stock repurchase program does not obligate us to acquire any particular amount of common stock and can be modified, suspended or terminated at any time at the discretion of our board of directors. During the year ended December 31, 2025, we repurchased a total of 8,289,849 shares of our common stock through open market purchases using Rule 10b5-1 plans at an average per share price of $9.71 for a total repurchase of $80.5 million including broker commissions. During the year ended December 31, 2024, we repurchased a total of 19,228,082 shares of our common stock through open market purchases using Rule 10b5-1 plans at an average per share price of $8.58 for a total repurchase of $165.0 million including broker commissions. The repurchases were recorded as a reduction to our accumulated deficit in the accompanying consolidated statements of stockholders’ equity. The Inflation Reduction Act of 2022, enacted in August 2022, imposed a 1% non-deductible excise tax on net repurchases of shares by domestic corporations whose stock is traded on an established securities market. Consequently, this excise tax is applicable to our stock repurchase program beginning in 2023 and represents a cost of the repurchases of our common stock. We have not recognized an excise tax liability as of December 31, 2025 because the fair market value of the stock issuances exceeded the fair market value of the stock repurchases during the twelve months ended December 31, 2025. Due to the fair market value of stock repurchases exceeding the fair market value of stock issuances during the year ended December 31, 2024, we recognized excise tax liability of $1.2 million. In November 2023, a selling stockholder, who was a related party due to the selling stockholder’s then-ownership in our common stock, sold 15,099,993 shares of our common stock in an underwritten public offering. We did not offer any shares of common stock in this secondary offering and all direct and incremental costs incurred in connection with the secondary offering were expensed because we did not receive any proceeds from the sale of shares of common stock in the secondary offering.

- Definition

The entire disclosure for equity.

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+ Details

Other Financial Statement Information - Schedule of Depreciation and Amortization Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disclosure Details Of Depreciation And Amortization [Line Items]
Total depreciation and amortization expense	$ 44,123	$ 34,927	$ 25,383
Cost of revenue
Disclosure Details Of Depreciation And Amortization [Line Items]
Total depreciation and amortization expense	20,687	18,902	12,772
Sales and marketing
Disclosure Details Of Depreciation And Amortization [Line Items]
Total depreciation and amortization expense	9,261	3,736	5,286
Technology and development
Disclosure Details Of Depreciation And Amortization [Line Items]
Total depreciation and amortization expense	8,516	7,688	4,184
General and administrative
Disclosure Details Of Depreciation And Amortization [Line Items]
Total depreciation and amortization expense	$ 5,659	$ 4,601	$ 3,141

Property and Equipment

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment, net, consisted of the following (in thousands):


	As of December 31,
	2025		2024


Internal-use software	$	145,294	$	124,628
Purchased software	214		214
Furniture and office equipment	629		1,654
Computer hardware	5,742		6,541
Leasehold improvements	1,598		1,258

Total cost of property and equipment	153,477		134,295
Less: accumulated depreciation and amortization	(95,432)		(74,507)
Property and equipment, net	$	58,045	$	59,788

Depreciation and amortization expense related to property and equipment was $36.3 million, $29.8 million and $20.2 million for 2025, 2024 and 2023, respectively.

At December 31, 2025 and 2024 accumulated amortization in connection with internal-use software costs was $77.2 million and $68.0 million, respectively. In 2025, 2024 and 2023, we recorded amortization expense of $34.5 million, $27.6 million and $17.6 million, respectively, in connection with these costs. In 2025, 2024 and 2023, we capitalized internal-use software development costs of $32.7 million, $40.4 million and $35.0 million respectively. In 2025, we wrote off $12.0 million software development costs. These software development costs represented fully depreciated assets that were no longer in service. In 2025, 2024 and 2023, no software development costs were impaired.

Intangible Assets, net - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 7.8	$ 5.1	$ 5.2

- Definition

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets.

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+ Details

Other Financial Statement Information - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Other Financial Information [Abstract]
Prepaid expenses	$ 10,165	$ 9,129
Deferred cost of revenue	2,415	1,670
Capitalized cloud computing development costs	1,449	1,599
Income tax receivable	3,251	3,701
Other current assets	954	1,827
Total prepaid expenses and other current assets	$ 18,234	$ 17,926

Leases

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Leases

We conduct operations from certain leased facilities in various locations. At December 31, 2025, we had various non-cancelable operating leases for office space and equipment, which expire between June 2026 and June 2033, and which represent the non-cancelable periods of the leases and include extension options that we determined are reasonably certain to be exercised. We exclude extension options that are not reasonably certain to be exercised from our lease terms. Our lease payments consist primarily of fixed rental payments for the right to use the underlying leased assets over the lease terms. We often receive customary incentives from our landlords, such as reimbursements for tenant improvements and rent abatement periods, which effectively reduce the total lease payments owed for these leases.

Operating lease liabilities on our consolidated balance sheets represent the present value of our remaining lease payments over the remaining lease terms. We do not allocate lease payments to non-lease components. We use our incremental borrowing rate to calculate the present value of our lease payments, as the implicit rates in our leases are not readily determinable.

Leases consist of the following (in thousands):


		As of December 31,
Assets	Classification	2025		2024
Operating	Operating lease right-of-use assets	$	13,414	$	7,189
Finance	Property and equipment, net	—		2
Total leases		$	13,414	$	7,191
Liabilities
Current
Operating	Operating lease liabilities	$	4,338	$	1,861
Finance	Accrued expenses and other current liabilities	1		3
Non Current
Operating	Operating lease liabilities, non-current	10,025		6,018

Total lease liabilities		$	14,364	$	7,882

At December 31, 2025, the maturities of our remaining operating lease were as follows (in thousands, except years and percentages):



	Operating leases
2026	$	4,456
2027	4,382
2028	3,247
2029	2,252
2030	847
Thereafter	1,077
Total minimum lease payments	16,261
Less: Effects of discounting	1,898
Present value of lease liabilities	$	14,363
Less: current portion	$	4,338
Long-term lease liabilities	$	10,025
Weighted-average remaining lease term as of December 31, 2025 (in years)	4.1
Weighted-average incremental borrowing rate as of December 31, 2025	6.18		%
Weighted-average remaining lease term as of December 31, 2024 (in years)	4.7
Weighted-average incremental borrowing rate as of December 31, 2024	4.82		%

The component of our lease costs included in our consolidated statements of operations were as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
Lease cost
Operating lease cost	$	4,077	$	2,696	3,127
Other variable cost	1,009		318		276
Finance lease cost	2		26		38
Net lease cost	$	5,088	$	3,040	3,441

Leases

Leases consist of the following (in thousands):


		As of December 31,
Assets	Classification	2025		2024
Operating	Operating lease right-of-use assets	$	13,414	$	7,189
Finance	Property and equipment, net	—		2
Total leases		$	13,414	$	7,191
Liabilities
Current
Operating	Operating lease liabilities	$	4,338	$	1,861
Finance	Accrued expenses and other current liabilities	1		3
Non Current
Operating	Operating lease liabilities, non-current	10,025		6,018

Total lease liabilities		$	14,364	$	7,882

At December 31, 2025, the maturities of our remaining operating lease were as follows (in thousands, except years and percentages):



	Operating leases
2026	$	4,456
2027	4,382
2028	3,247
2029	2,252
2030	847
Thereafter	1,077
Total minimum lease payments	16,261
Less: Effects of discounting	1,898
Present value of lease liabilities	$	14,363
Less: current portion	$	4,338
Long-term lease liabilities	$	10,025
Weighted-average remaining lease term as of December 31, 2025 (in years)	4.1
Weighted-average incremental borrowing rate as of December 31, 2025	6.18		%
Weighted-average remaining lease term as of December 31, 2024 (in years)	4.7
Weighted-average incremental borrowing rate as of December 31, 2024	4.82		%

The component of our lease costs included in our consolidated statements of operations were as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
Lease cost
Operating lease cost	$	4,077	$	2,696	3,127
Other variable cost	1,009		318		276
Finance lease cost	2		26		38
Net lease cost	$	5,088	$	3,040	3,441

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Current
Federal	$ 7,117	$ 13,258	$ 8,984
State	2,909	4,019	3,621
Foreign	351	395	224
Total current provision	10,377	17,672	12,829
Deferred
Federal	4,609	(3,741)	5,481
State	2,147	(736)	(769)
Foreign	(122)	(75)	0
Total deferred provision for (benefit from) income taxes	6,634	(4,552)	4,712
Total provision for income taxes	$ 17,011	$ 13,120	$ 17,541

Net Income Per Share (Tables)

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table shows the computation of basic and diluted net income per share (in thousands, except per share amounts):


	Year Ended December 31,
	2025		2024		2023
Numerator:
Net income	$	15,427	$	29,963	$	13,953
Net income — basic and diluted	$	15,427	$	29,963	$	13,953



Denominator:
Weighted-average common stock used in computing net income per share — basic	178,798		180,210		190,466
Effect of potentially dilutive securities
Options to purchase common stock	53		754		1,380
RSUs	5,808		1,893		2,558
Employee stock purchase plan	31		8		11
Weighted-average common stock used in computing net income per share — diluted	184,690		182,865		194,415
Net income per share — basic	$	0.09	$	0.17	$	0.07
Net income per share — diluted	$	0.08	$	0.16	$	0.07

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table presents the number of stock options, RSUs, and PSUs, excluded from the calculation of diluted net income per share because they are anti-dilutive (in thousands):


	As of December 31,
	2025	2024	2023
Options to purchase common stock	4,992	11,512	10,714
RSUs(1)	17,347	13,932	7,426
Employee stock purchase plan	33	64	43
Total	22,372	25,508	18,183

(1) For the year ended December 31, 2025, anti-dilutive RSUs include RSU awards with a market vesting condition granted in July 2024 and reflected at 200% of target and RSU awards with a market vesting condition granted in November 2024 and reflected at 275% of target. RSU awards with a market vesting condition granted in April 2025 that were previously reflected as anti-dilutive at 400% of target were forfeited as of September 30, 2025.

Stockholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended		12 Months Ended
	May 31, 2025	Nov. 30, 2023	Sep. 30, 2023	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Oct. 31, 2023	Mar. 01, 2022
Equity, Class of Treasury Stock [Line Items]
Shares repurchased (in shares)			4,718,755	8,289,849	19,228,082
Shares repurchased, value			$ 45,100
Average price per share (in dollars per share)			$ 9.55	$ 9.71	$ 8.58
Total value of shares repurchased				$ 80,532	$ 164,991	$ 54,873
Excise tax liability				0	1,200
Common Stock
Equity, Class of Treasury Stock [Line Items]
Total value of shares repurchased				$ 8	19	$ 6
Common Stock \| Secondary Offering
Equity, Class of Treasury Stock [Line Items]
Shares issued (in shares)			16,100,000
Price per share (in dollars per share)			$ 10.00
Common Stock \| Underwritten Public Offering
Equity, Class of Treasury Stock [Line Items]
Shares issued (in shares)		15,099,993
2022 Stock Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, amount authorized for repurchase								$ 150,000
2023 Stock Repurchase Program
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, amount authorized for repurchase	$ 315,000						$ 100,000
Stock repurchase program, increase in amount authorized for repurchase	$ 100,000				$ 115,000

Long-term Debt	12 Months Ended
Long-term Debt	Dec. 31, 2025
Debt Disclosure [Abstract]
Long-term Debt	Long-term Debt On July 2, 2021, we entered into an amended and restated credit and guaranty agreement, or the Revolving Facility, providing for revolving borrowings of up to $150.0 million with an availability period of five years. Under the Revolving Facility, we can use up to $20.0 million in letters of credit and up to $10.0 million in borrowings on same-day notice, referred to as swingline loans. On May 5, 2023, we entered into an amendment to the Revolving Facility to replace the LIBOR interest rate benchmark with the Secured Overnight Financing Rate, or SOFR, benchmark, with a 0.10% credit spread adjustment to the SOFR benchmark, or Adjusted Term SOFR, for all available interest periods, provided that if the Adjusted Term SOFR is less than zero, the Adjusted Term SOFR shall be deemed to be zero. Other than the foregoing, the remaining terms of the Revolving Facility remained unchanged. On July 14, 2025, we entered into a second amendment to the Revolving Facility, or, as amended, the Amended Revolving Facility, which reduced the revolving loan commitment from $150.0 million to $100.0 million and extended the maturity date from July 2, 2026 to July 14, 2030. The terms of available letters of credit and swingline loans remained unchanged. In addition, the Amended Revolving Facility added additional reductions to the existing interest rate margins and the commitment fee upon achieving a total net lien leverage ratio of 1.00 to 1.00 and also removes the 0.10% credit spread adjustment to the SOFR benchmark for all available interest periods. As a result of the Amended Revolving Facility, we incurred $0.8 million of incremental deferred issuance costs. Those costs were capitalized in other assets in the consolidated balance sheets and are amortized straight-line over the term of the Amended Revolving Facility. In connection with the Amended Revolving Facility, we performed an extinguishment versus modification assessment on a lender-by-lender basis resulting in the write-off of an insignificant amount of unamortized debt issuance costs under the Revolving Facility, included in other income, net. Borrowings under the Amended Revolving Facility bear interest at a rate per annum equal to either (a) the Term SOFR plus a margin ranging from 2.00% to 1.25% or (b) a margin ranging from 1.00% to 0.25% plus the highest of (i) the administrative agent’s prime rate, (ii) the Federal Funds rate plus 0.50% or (iii) one-month Term SOFR plus 1%. The interest rate margins under the Amended Revolving Facility are subject to a reduction of 0.25% upon achieving total net first lien leverage ratios of 3.50 to 1.00 and further reductions of 0.25% each upon achieving total net first lien leverage ratios of 2.50 to 1.00 and 1.00 to 1.00, respectively. We are required to pay a commitment fee in respect of unutilized commitments under the Amended Revolving Facility. The commitment fee is, initially, 0.35% per annum. The commitment fee is subject to a reduction of 0.10% if the total net first lien leverage ratio does not exceed 3.50 to 1.00 and an additional 0.05% reduction upon achieving a total net first lien leverage ratio of 1.00 to 1.00. We are also required to pay customary letter of credit fees and agency fees. We have the option to voluntarily repay outstanding loans under the Amended Revolving Facility at any time without premium or penalty, other than customary “breakage” costs with respect to SOFR loans. There is no scheduled amortization under the Amended Revolving Facility. Any principal amount outstanding is due and payable in full at maturity on July 14, 2030. Obligations under the Amended Revolving Facility are guaranteed by our existing and future direct and indirect material wholly-owned domestic subsidiaries, subject to certain exceptions. The Amended Revolving Facility is secured by a first-priority security interest in substantially all of our assets, subject to certain exceptions. The Amended Revolving Facility contains a number of covenants that, among other things, subject to certain exceptions, restrict our ability and the ability of our restricted subsidiaries to incur additional indebtedness and guarantee indebtedness; create or incur liens; pay dividends and distributions or repurchase capital stock; merge, liquidate and make asset sales; change lines of business; change our fiscal year; incur restrictions on our subsidiaries’ ability to make distributions and create liens; modify our organizational documents; make investments, loans and advances; and enter into certain transactions with affiliates. The Amended Revolving Facility requires compliance with a total net first lien leverage ratio not to exceed 4.50 to 1.00, or the Financial Covenant. The Financial Covenant will be tested at quarter-end only if the total principal amount of all revolving loans, swingline loans and drawn letters of credit that have not been reimbursed exceeds 35% of the total commitments under the Amended Revolving Facility on the last day of such fiscal quarter. At December 31, 2025 and 2024, we had no amounts outstanding under our Amended Revolving Facility or Revolving Facility, respectively, or any outstanding letters of credit, and we were in compliance with all financial covenants

Fair Value Measurements

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Fair Value Measurements

The following tables summarize our assets and liabilities that are measured at fair value on a recurring basis, by level, within the fair value hierarchy (in thousands):


	As of December 31, 2025
	Level 1		Level 2		Level 3

Money market funds	$	180,778	$	—	$	—
Total assets	$	180,778	$	—	$	—


	As of December 31, 2024
	Level 1		Level 2		Level 3
Available-for-sale debt security	$	—	$	—	$	1,377
Money market funds	114,690		—		—
Total assets	$	114,690	$	—	$	1,377

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Income Taxes

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Income Taxes

The following are the domestic and foreign components of our income (loss) before income taxes (in thousands):


	Year Ended December 31,
	2025		2024		2023
Domestic	$	25,366	$	28,678	$	34,518
Foreign	7,072		14,405		(3,024)
Total income before income taxes	$	32,438	$	43,083	$	31,494

The details for the provision for income taxes by jurisdiction are as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
Current
Federal	$	7,117	$	13,258	$	8,984
State	2,909		4,019		3,621
Foreign	351		395		224
Total current provision	10,377		17,672		12,829
Deferred
Federal	4,609		(3,741)		5,481
State	2,147		(736)		(769)
Foreign	(122)		(75)		—
Total deferred provision for (benefit from) income taxes	6,634		(4,552)		4,712
Total provision for income tax	$	17,011	$	13,120	$	17,541

On July 4, 2025, H.R.1, the One Big Beautiful Act, or OBBBA, was enacted. The OBBBA includes numerous business tax provisions including 100% bonus depreciation, provisions related to expensing domestic research and development expenses as well as modifications to the business interest expense limitation calculation. As a result of incorporating the changes under the OBBBA we recorded a decrease to deferred tax assets for capitalized research and development costs resulting in a current tax benefit offset by deferred tax expense.

A reconciliation of the provision for income taxes to the amount computed by applying the U.S. federal income tax rate of 21% to income before taxes after the adoption of ASU 2023-09 is as follows (in thousands):


	Year Ended December 31,
	2025
Tax at U.S. statutory rate	$	6,812	21.0	%
State and local income taxes(1)	3,326		10.3	%
Foreign tax effects
United Kingdom	(1,394)		(4.3)	%
Other foreign jurisdictions	152		0.5	%
Tax credits
Research and development credits	(3,817)		(11.8)	%
Nontaxable and nondeductible Items
Share-based payment awards	10,719		33.0	%
Internal reorganization costs	1,689		5.2	%
Acquisition costs	359		1.1	%
Other	308		1.0	%
Changes in unrecognized tax benefits	2,844		8.8	%
Other adjustments
Loss on subsidiary stock	(3,522)		(10.9)	%
Other	(465)		(1.4)	%
Effective tax rate	$	17,011	52.5	%

(1) The states and local jurisdictions that contribute to the majority (greater than 50%) of the tax effect in this category include Delaware, New York, Pennsylvania and Texas.

The provision for income taxes for December 31, 2024, and 2023, differed from the amounts computed by applying the U.S. Federal income tax rate of 21% to income before income taxes prior to the adoption of ASU 2023-09 as a result of the following (in thousands):


	Year Ended December 31,
	2024		2023
Provision for income taxes at statutory rate	$	9,047	$	6,614
State income taxes, net of federal benefit	2,186		1,796
Rate differential on foreign earnings	(2,670)		(130)
Research and development credits	(5,152)		(4,894)
Change in valuation allowance	(413)		814
Stock-based compensation	2,698		4,538
Nondeductible stock-based compensation	5,757		6,053
Unrecognized tax benefits	1,699		2,498
Non-deductible expenses	298		350
Other	(330)		(98)
Total provision for income taxes	$	13,120	$	17,541

Cash paid for income taxes, net of refunds received, after the adoption of ASU 2023-09, for the year ended December 31, 2025 is as follows (in thousands):


	Year Ended December 31,
	2025
Federal	$	5,404
State and local
California	466
Other	2,739
Foreign	305
Cash paid for income taxes, net of refunds received	$	8,914

Cash paid for income taxes for the years ended December 31, 2024 and 2023 was $26.2 million and $6.6 million, respectively.

The tax effects of temporary differences that give rise to significant portions of our deferred tax assets and liabilities consisted of the following as of December 31, 2025 and 2024, (in thousands):


	As of December 31,
	2025		2024
Deferred tax assets
Deferred revenue	$	123	$	153
Accrued expenses	9,687		7,088
Stock-based compensation	6,606		4,070
Net operating loss carryforwards	17,157		14,918
Tax credit carryforwards	9,360		10,264
Lease liabilities	3,777		1,957
Interest expense carryforwards	1,844		2,782
Capital loss carryforwards	—		453
Capitalized research expenses	18,665		34,957
Total deferred tax assets	67,219		76,642
Valuation allowance	(15,941)		(16,876)
Net deferred tax assets	51,278		59,766
Deferred tax liabilities
Depreciation and amortization	(12,078)		(19,340)
Right of use asset	(3,523)		(1,780)
State taxes	(3,793)		(3,950)
Net deferred tax liabilities	(19,394)		(25,070)
Net deferred tax assets and liabilities	$	31,884	$	34,696

We evaluated the realizability of net deferred tax assets and determined it is more likely than not that separate state net operating losses, the deferred tax assets for Pulse IP, LLC and Pulse Business, LLC, and

foreign deferred tax assets, excluding Poland, will not be realized based on the available objective evidence and have recorded a valuation allowance on such deferred tax assets.

The following table summarizes the valuation allowance (in thousands):


	Year Ended December 31,
	2025		2024		2023
Beginning balance	$	16,876	$	16,320	$	14,644
Net (decrease) increase in current year	(481)		(654)		799
Net (decrease) increase in valuation prior period	(454)		1,210		877

Ending balance	$	15,941	$	16,876	$	16,320

Net changes in the valuation allowance in the years ended December 31, 2025, 2024, and 2023 include changes recorded through earnings relating to losses primarily from foreign operations and the release in 2024 of the valuation allowance on the capital loss carryover from the acquisition of Earth Class Mail, Inc. and the release of the valuation allowance on one of the foreign entities.

At December 31, 2025 and 2024, we had federal net operating loss, or NOL, carryforwards of $27.5 million and $16.6 million, respectively, which will begin to expire in 2036 on a tax return basis. At December 31, 2025, and 2024, we had state NOL carryforwards of $41.3 million and $28.8 million on a tax return basis, respectively, which will begin to expire in 2026. At December 31, 2025 and 2024, we had foreign NOL carryforwards of $32.8 million and $35.1 million on a tax return basis, respectively, which can be carried forward indefinitely and are not subject to expiration. At December 31, 2025,and 2024, our federal tax credit carryforwards were immaterial. At December 31, 2025 and 2024, we had state tax credit carryforwards of $14.0 million and $13.9 million on a tax return basis, respectively, which carry forward indefinitely. Our domestic entities may be subject to an annual limitation on the utilization of NOL and credit carryforwards based on changes in ownership as defined by Section 382 of the Internal Revenue Code of 1986. In 2022 and 2025, we acquired Revvsales Inc. and Formation Nation, respectively, as stock acquisitions, and since there was a change in ownership, the acquired NOL carryforwards are subject to an annual Section 382 limitation on the utilization of the NOL carryforwards.

We have had foreign operations since 2013. We have not provided for U.S. income taxes on the undistributed earnings and other outside temporary differences of foreign subsidiaries as they are considered indefinitely reinvested outside the U.S. At December 31, 2025, 2024, and 2023, the amount of temporary differences related to undistributed earnings and other outside temporary differences upon which U.S. income taxes are not material to our consolidated financial statements.

The following table summarizes the changes in unrecognized tax benefits for the years ended December 31, 2025, 2024, and 2023 (in thousands):


	Gross Unrealized Tax Benefits
Balance at December 31, 2022	$	8,920
Additions for tax positions related to the current year	2,181
Additions for tax positions related to prior years	418
Balance at December 31, 2023	$	11,519
Additions for tax positions related to the current year	2,854
Reductions for tax positions related to prior years	(966)
Balance at December 31, 2024	$	13,407
Additions for tax positions related to the current year	1,965
Additions for tax positions related to prior years	1,416
Balance at December 31, 2025	$	16,788

If recognized, $16.8 million of unrecognized tax benefits, excluding interest and penalties, would reduce our annual effective tax rate. Due to the uncertain and complex application of tax laws and regulations, it is possible that the ultimate resolution of uncertain positions may result in liabilities that could be materially different from these estimates. In such an event, we will record additional tax expense or benefit in the period

in which resolution occurs. Our policy is to recognize interest and penalties related to income tax matters in income tax expense. At December 31, 2025 and 2024, accrued interest and penalties related to income tax positions were not material to our consolidated financial statements.

We are subject to taxation and file income tax returns in the U.S. federal, state, and foreign jurisdictions. The federal income tax returns for the years 2022 and forward and state income tax returns for the tax years 2008 and forward remain open to examination. We are under examination in two states which are not expected to have an impact on our results of operations, cash flows and financial condition.

- Definition

The entire disclosure for income tax.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 942
-SubTopic 740
-Name Accounting Standards Codification
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+ Details

Summary of Significant Accounting Policies - Schedule of Property and Equipment Useful Life (Details)	Dec. 31, 2025
Purchased and internally developed internal-use software
Property, Plant and Equipment [Line Items]
Useful life	3 years
Building and building improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Building and building improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	30 years
Land improvements
Property, Plant and Equipment [Line Items]
Useful life	7 years
Furniture and office equipment
Property, Plant and Equipment [Line Items]
Useful life	5 years
Computer hardware
Property, Plant and Equipment [Line Items]
Useful life	3 years

Leases - Schedule of Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Leases [Abstract]
Operating lease right-of-use assets	$ 13,414	$ 7,189
Finance lease assets	0	2
Total leases	13,414	7,191
Current operating lease liability	4,338	1,861
Current finance lease liability	$ 1	$ 3
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Noncurrent operating lease liability	$ 10,025	$ 6,018
Total lease liabilities	$ 14,364	$ 7,882

Property and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Property, Plant and Equipment [Line Items]
Total cost of property and equipment	$ 153,477	$ 134,295
Less: accumulated depreciation and amortization	(95,432)	(74,507)
Property and equipment, net	58,045	59,788
Internal-use software
Property, Plant and Equipment [Line Items]
Total cost of property and equipment	145,294	124,628
Purchased software
Property, Plant and Equipment [Line Items]
Total cost of property and equipment	214	214
Furniture and office equipment
Property, Plant and Equipment [Line Items]
Total cost of property and equipment	629	1,654
Computer hardware
Property, Plant and Equipment [Line Items]
Total cost of property and equipment	5,742	6,541
Leasehold improvements
Property, Plant and Equipment [Line Items]
Total cost of property and equipment	$ 1,598	$ 1,258

Intangible Assets, net - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ 25,821	$ 18,020
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross Carrying Amount	43,973	26,673
Accumulated Amortization	25,821	18,020
Net Carrying Amount	18,152	$ 8,653
In-process research & development
Indefinite-Lived Intangible Assets [Line Items]
In-process research and development	$ 200
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted average useful life (in years)	5 years 10 months 24 days	2 years 9 months 18 days
Gross Carrying Amount	$ 23,288	$ 12,088
Accumulated Amortization	10,902	7,081
Net Carrying Amount	12,386	5,007
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ 10,902	$ 7,081
Developed technology
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted average useful life (in years)	4 years	1 year 3 months 18 days
Gross Carrying Amount	$ 17,681	$ 14,281
Accumulated Amortization	14,157	10,666
Net Carrying Amount	3,524	3,615
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ 14,157	$ 10,666
Trade names
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted average useful life (in years)	4 years 1 month 6 days	0 years
Gross Carrying Amount	$ 2,679	$ 179
Accumulated Amortization	637	179
Net Carrying Amount	2,042	0
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ 637	$ 179
Assembled workforce
Finite-Lived Intangible Assets [Line Items]
Remaining Weighted average useful life (in years)	0 years	9 months 18 days
Gross Carrying Amount	$ 125	$ 125
Accumulated Amortization	125	94
Net Carrying Amount	0	31
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ 125	$ 94

Acquisition - Additional Information (Details) - Formation Nation $ in Thousands		12 Months Ended
	Feb. 10, 2025 USD ($) installment shares	Dec. 31, 2025 USD ($)
Business Combination [Line Items]
Total consideration	$ 83,197
Equity consideration (in shares) \| shares	2,205,445
Consideration deferred to satisfy necessary adjustments	$ 12,900
Deferred consolidation holdback period	12 months
Additional consideration payable	$ 200
Number of installments consideration is payable \| installment	2
Acquisition costs related to transaction	$ 1,500
Revenues attributable to acquiree since acquisition		$ 51,400
Net income (loss) attributable to acquiree since acquisition		$ (4,900)

Leases (Tables)

12 Months Ended

Dec. 31, 2025

Leases [Abstract]

Schedule of Lessee, Balance Sheet Classification

Leases consist of the following (in thousands):


		As of December 31,
Assets	Classification	2025		2024
Operating	Operating lease right-of-use assets	$	13,414	$	7,189
Finance	Property and equipment, net	—		2
Total leases		$	13,414	$	7,191
Liabilities
Current
Operating	Operating lease liabilities	$	4,338	$	1,861
Finance	Accrued expenses and other current liabilities	1		3
Non Current
Operating	Operating lease liabilities, non-current	10,025		6,018

Total lease liabilities		$	14,364	$	7,882

Schedule of Future Minimum Payments for Operating Leases

At December 31, 2025, the maturities of our remaining operating lease were as follows (in thousands, except years and percentages):



	Operating leases
2026	$	4,456
2027	4,382
2028	3,247
2029	2,252
2030	847
Thereafter	1,077
Total minimum lease payments	16,261
Less: Effects of discounting	1,898
Present value of lease liabilities	$	14,363
Less: current portion	$	4,338
Long-term lease liabilities	$	10,025
Weighted-average remaining lease term as of December 31, 2025 (in years)	4.1
Weighted-average incremental borrowing rate as of December 31, 2025	6.18		%
Weighted-average remaining lease term as of December 31, 2024 (in years)	4.7
Weighted-average incremental borrowing rate as of December 31, 2024	4.82		%

Schedule of Lease, Cost

The component of our lease costs included in our consolidated statements of operations were as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
Lease cost
Operating lease cost	$	4,077	$	2,696	3,127
Other variable cost	1,009		318		276
Finance lease cost	2		26		38
Net lease cost	$	5,088	$	3,040	3,441

Property and Equipment - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 36,300,000	$ 29,800,000	$ 20,200,000
Capitalized software development costs	32,700,000	40,400,000	35,000,000.0
Write off of software development costs	12,000,000.0
Impaired software development costs	0	0	0
Internal-use software
Property, Plant and Equipment [Line Items]
Accumulated amortization	77,200,000	68,000,000.0
Amortization expense	$ 34,500,000	$ 27,600,000	$ 17,600,000

- Definition

The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets.

+ References + Details

Net Income Per Share - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares shares in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total		22,372	25,508	18,183
Options to purchase common stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total		4,992	11,512	10,714
RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total		17,347	13,932	7,426
July 2024 RSUs with Market Vesting Condition
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Percentage of target awards		200.00%
November 2024 RSUs with Market Vesting Condition
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Percentage of target awards		275.00%
April 2025 RSUs with Market Vesting Condition
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Percentage of target awards	400.00%
Employee stock purchase plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total		33	64	43

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2025
Audit Information [Abstract]
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Los Angeles, California

Segment Information

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Segment Information

Our Chief Executive Officer, as the CODM, organizes our company, manages resource allocations, and measures performance on the basis of one operating segment on a consolidated basis. The accounting policies of our operating segment are the same as those described in Note 2, Summary of Significant Accounting Policies. The CODM assesses performance for the segment and decides how to allocate resources based on net income that also is reported on the accompanying consolidated statements of operations as consolidated net income. The measure of segment assets is reported on the accompanying consolidated balance sheets as total assets.

The CODM uses net income to evaluate income generated from segment assets in making key operating and segment resource allocation decisions, such as investments in new product development. Net income is also used to monitor budget versus actual results.

Our one reportable segment provides an online platform for business formation in the United States, or U.S., and, as described in Note 2, Summary of Significant Accounting Policies, generates revenue from customized legal document services and subscriptions offered to our customers. Revenue outside of the U.S., based on the location of the customer, represented less than 1% of our revenue for the years ended December 31, 2025, 2024 and 2023. Our property and equipment located outside of the U.S. were immaterial as of December 31, 2025 and 2024.

The following table summarizes financial information by reportable segment regularly provided to the CODM (in thousands):


	Year Ended December 31,
	2025		2024		2023
Transaction Revenue	$	263,582	$	245,692	$	247,780
Subscription Revenue	$	492,461	$	436,189	$	412,947
Total revenue	$	756,043	$	681,881	$	660,727
Less:
Filings fees	$	98,292	$	83,269	$	88,103
Other cost of revenue, excluding depreciation, amortization and stock-based compensation	$	133,443	$	132,089	$	134,070
Customer acquisition marketing	$	175,614	$	157,578	$	145,338
Other sales and marketing, excluding depreciation, amortization and stock-based compensation	$	60,060	$	38,293	$	54,152
Technology and development, excluding depreciation, amortization and stock-based compensation	$	58,328	$	62,323	$	60,098


	Year Ended December 31,
	2025		2024		2023
General and administrative, excluding depreciation, amortization, stock-based compensation, and restructuring	$	60,982	$	60,215	$	61,843
Stock-based compensation	$	113,708	$	71,510	$	66,015
Depreciation and amortization	$	44,123	$	34,927	$	25,383
Interest income	$	(7,569)	$	(7,850)	$	(9,307)
Interest expense	$	1,294	$	446	$	493
Restructuring(1)	$	854	$	6,096	$	4,666
Other segment items(2)	$	(1,187)	$	(98)	$	(1,621)
Provision for income taxes	$	17,011	$	13,120	$	17,541


Gain on sale of assets held for sale	$	(14,337)	$	—	$	—
Segment net income	$	15,427	$	29,963	$	13,953

Reconciliation of profit or loss
Adjustments and reconciling items	$	—	$	—	$	—
Consolidated net income	$	15,427	$	29,963	$	13,953

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

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+ Details

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2025

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

A summary of the significant accounting policies we follow in the preparation of the accompanying consolidated financial statements is set forth below.

Basis of Presentation and Consolidation

Use of Estimates

Business Combinations

Transaction costs associated with business combinations are expensed as incurred and are included in general and administrative expenses in the consolidated statements of operations.

Segment and Geographic Information

Our Chief Executive Officer, as the Chief Operating Decision Maker, or CODM, organizes our company, manages resource allocations, and measures performance on the basis of our one operating segment. Refer to Note 21 to our consolidated financial statements.

Foreign Currency

Fair Value Measurements


Level 1 —			Quoted prices in active markets for identical assets and liabilities.
Level 2 —			Quoted prices for identical assets and liabilities in markets that are not active, quoted prices for similar assets and liabilities in active markets or financial instruments for which significant inputs are observable, either directly or indirectly.
Level 3 —			Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The carrying amounts of accounts receivable, accounts payable and accrued expenses and other current liabilities approximate fair values because of the short-term nature of these items.

Concentrations of Credit Risk

Due to a large and diverse customer base, no individual customer represented more than 10% of total revenue in December 31, 2025, 2024 or 2023. At December 31, 2025, there was one partner with an outstanding balance of 10% or more of our total accounts receivable balance. At December 31, 2024, there were no customers with an outstanding balance of 10% or more of our total accounts receivable balance.

Cash and Cash Equivalents

Cash and cash equivalents consist of highly liquid investments with original maturities of ninety days or less at the date of purchase. At December 31, 2025 and 2024, our cash consisted of bank account deposits and our cash equivalents consisted of $180.8 million and $114.7 million, respectively, invested in money market funds.

Accounts Receivable and Allowance for Credit Losses

Property and Equipment


			Useful Life (Years)
Purchased and internally developed internal-use software			3
Building and building improvements			5–30
Land improvements			7
Furniture and office equipment			5
Computer hardware			3
Leasehold improvements			Shorter of lease term or useful life

Internal-use Software and Cloud Computing Arrangements

Intangible Assets and Other Long-Lived Assets

Goodwill

Available-for-sale Debt Security

Investment in Other Equity Security

Assets Held for Sale

Leases

Revenue Recognition

We derive our revenue from the following sources:

Our transaction and subscription revenue is as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
Transaction	$	263,582	$	245,692	$	247,780
Subscription	492,461		436,189		412,947

Total revenue	$	756,043	$	681,881	$	660,727

our customers. The total fees collected by us for our services include, as applicable, expedited services fees, government filing fees and shipping fees.

Principal Agent Considerations

Revenue includes shipping and handling fees charged to customers.

Cost of Revenue

Cost of revenue includes all costs of providing and fulfilling our services. Cost of revenue primarily includes government filing fees, costs of fulfillment, customer care, including the cost of credentialed professionals for tax, and payroll services, and related benefits, including stock-based compensation, and costs of independent contractors for document preparation, telecommunications and data center costs, amortization of acquired developed technology, depreciation and amortization of network computers, equipment and internal-use software, printing, shipping and handling charges, credit and debit card fees, allocated overhead, legal document kit expenses, and sales and use taxes. We defer direct and incremental costs primarily related to government filing fees incurred prior to the associated service meeting the criteria for revenue recognition. These contract assets are recognized as cost of revenue in the same period the related revenue is recognized. At December 31, 2025 and 2024, there was $2.4 million and $1.7 million, respectively, in deferred cost of revenue included in prepaid expenses and other current assets in the accompanying consolidated balance sheets. Filing fees of $98.3 million, $83.3 million and $88.1 million were recorded in cost of revenue in the accompanying consolidated statements of operations for years ended December 31, 2025, 2024, and 2023, respectively.

Sales and Marketing Expenses

Technology and Development Expenses

General and Administrative Expenses

Stock-based Compensation

The fair value of the shares of common stock underlying stock options and RSUs is based upon our publicly listed share price on the date of grant.

The risk-free interest rate assumption is based upon observed interest rates on the U.S. government securities appropriate for the expected term of our stock options and RSUs with market conditions.

Stock-based compensation expense is recognized based on awards that are ultimately expected to vest.

Loss Contingencies

Income Taxes

Net Income Per Share

Recently Adopted Accounting Pronouncements

The adoption of this accounting standard did not have a material impact on our consolidated financial statements.

Accounting Pronouncements Not Yet Adopted

reporting period in which the entity has also applied ASU 2020-06. We are currently evaluating the impact of the adoption on our consolidated financial statements.

Stock-based Compensation - Schedule of Stock Based Compensation Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 113,708	$ 71,510	$ 66,015
Amount capitalized to internal-use software	5,264	5,967	4,056
Total stock-based compensation	118,972	77,477	70,071
Cost of revenue
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	5,538	5,833	4,318
Sales and marketing
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	16,810	8,077	6,096
Technology and development
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	15,097	19,573	18,899
General and administrative
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 76,263	$ 38,027	$ 36,702

401(k) Savings Plan (Details) - USD ($) $ in Millions	12 Months Ended
401(k) Savings Plan (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Retirement Benefits [Abstract]
401(k) plan contributions	$ 3.8	$ 4.0	$ 4.0

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2025
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings From time to time, we may become subject to legal proceedings, claims and litigation arising in the ordinary course of business. We are not currently a party to any material legal proceedings, nor are we aware of any pending or threatened litigation that could have a material adverse effect on our results of operations, cash flows, and financial condition, should such litigation be resolved unfavorably. Indemnification Indemnification provisions in our third-party service provider agreements provide that we will indemnify, hold harmless, and reimburse the indemnified parties on a case-by-case basis for losses suffered or incurred by the indemnified parties in connection with any claim by any third-party as a result of our website, advertising, marketing, payment processing, collection or customer service activities. The maximum potential amount of future payments we could be required to make under these indemnification provisions is indeterminable. No amounts have been accrued or have been paid during any period presented as we believe the fair value of these indemnification obligations is immaterial.

Segment Information - Additional Information (Details) - segment	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Number of operating segments	1
Number of reportable segment	1
Revenue Benchmark \| Geographic Concentration Risk \| Outside United States
Segment Reporting Information [Line Items]
Concentration risk percentage	1.00%	1.00%	1.00%

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2025

Property, Plant and Equipment [Abstract]

Schedule of Property, Plant and Equipment

Depreciation is calculated using the straight-line method over the estimated useful lives of the related assets as follows:


			Useful Life (Years)
Purchased and internally developed internal-use software			3
Building and building improvements			5–30
Land improvements			7
Furniture and office equipment			5
Computer hardware			3
Leasehold improvements			Shorter of lease term or useful life

Property and equipment, net, consisted of the following (in thousands):


	As of December 31,
	2025		2024


Internal-use software	$	145,294	$	124,628
Purchased software	214		214
Furniture and office equipment	629		1,654
Computer hardware	5,742		6,541
Leasehold improvements	1,598		1,258

Total cost of property and equipment	153,477		134,295
Less: accumulated depreciation and amortization	(95,432)		(74,507)
Property and equipment, net	$	58,045	$	59,788

Other Financial Statement Information - Schedule of Changes in the Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 2,121	$ 4,906	$ 4,730
Less: write-offs, net of recoveries	(3,646)	(9,342)	(9,188)
Ending balance	2,281	2,121	4,906
Revenue
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Add (less): allowance recognized	3,413	6,594	8,220
Selling, General and Administrative Expenses
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Add (less): allowance recognized	$ 393	$ (37)	$ 1,144

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
Cybersecurity Risk Management and Strategy Disclosure	Dec. 31, 2025
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	We identify, assess and manage material risks associated with cybersecurity threats, as such term is defined in Item 106(a) of Regulation S-K. These risks include, among other things, operational risks, intellectual property theft, fraud, extortion, harm to personnel and customers, violation of privacy and security laws and other litigation and legal risk, and reputational risks. We have implemented and continue to maintain various cybersecurity processes, technologies, and controls designed to aid in our efforts to assess, identify, and manage such material risks. To identify, assess and manage material risks from cybersecurity threats, our enterprise risk management program considers cybersecurity threat risks alongside other company risks as part of our overall risk assessment process. Our enterprise risk management committee, a multidisciplinary committee that includes our Chief Financial & Operating Officer and Chief Business & Customer Officer and is chaired by our Chief Legal Officer, collaborates with internal subject matter specialists in an effort to gather information for identifying, assessing and managing material cybersecurity risks, such as information related to their severity, likelihood of occurrence and potential mitigation strategies. At least quarterly, our Chief Information Officer and Senior Director, Information Security, meet with our enterprise risk management committee to present and discuss a cybersecurity risk assessment. Key cybersecurity risks are then incorporated into our enterprise risk management framework. To help inform our cybersecurity risk identification, assessment and management, we also employ a range of tools and services, including network and endpoint monitoring, vulnerability assessments, periodic penetration testing, bug bounty program and tabletop exercises. In an effort designed to provide for the availability of critical data and systems, manage our material risks from cybersecurity threats, and protect against, detect, and respond to cybersecurity incidents, as such term is defined in Item 106(a) of Regulation S-K, we also undertake the below listed activities: •closely monitor emerging data protection laws and implement any necessary changes to our processes; •conduct annual security training for all our employees; •conduct annual cybersecurity management and incident training designed for certain employees such as those who handle sensitive data; •conduct phishing email simulations for personnel with access to corporate email systems in an effort to enhance awareness and responsiveness to such possible threats; •periodically evaluate customer support interactions to help ensure compliance with security protocols and service standards; •through policy, practice and contract (as applicable) require employees, as well as third parties who provide services on our behalf, to treat customer information and data with care; •hold regular meetings of an internal multidisciplinary working group to discuss our cybersecurity incident preparedness; •run tabletop exercises to simulate a cybersecurity incident and use findings from such exercises in an effort to improve our processes and technologies; •maintain and regularly review and test a framework designed to help us identify, protect, detect, respond, and recover when there is an actual or potential cybersecurity incident; and •carry information security risk insurance designed to mitigate potential losses arising from cybersecurity incidents. Our incident response plan coordinates the activities we take to prepare for, detect, respond to and recover from cybersecurity incidents, which include processes designed to triage, assess severity for, escalate, contain, investigate, and remediate the incident, as well as to comply with potentially applicable legal obligations and mitigate brand and reputational damage. As part of the above processes, from time to time we work with third parties that are intended to help us to identify, assess, and manage cybersecurity risks, including professional services firms, threat intelligence service providers, managed cybersecurity service providers and penetration testing firms. To operate our business, we utilize certain service providers to perform a variety of functions, such as professional services, data center facilities and other functions. Our processes are designed to address cybersecurity threat risks associated with our use of service providers, including those in our supply chain or who have access to our customer and employee data or our information systems. Certain risks associated with our use of service providers are included within our enterprise risk management assessment program, as well as our processes designed to identify, assess and manage cybersecurity-specific risks, both of which are discussed above. In addition, cybersecurity considerations may affect the selection and oversight of our service providers. We perform diligence on certain service providers that have access to our systems, data or facilities that house such systems or data. This diligence may include a review of the service providers’ internal and/or external security audits and certifications. Additionally, we may impose specific cybersecurity obligations on certain service providers. We face a number of cybersecurity risks in connection with our business. We have, from time to time, experienced threats to and breaches of our data and systems. For a description of the risks from cybersecurity threats that may materially affect the Company and how they may do so, see Part I, Item 1A, “Risk Factors” of this Annual Report on Form 10-K.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	We identify, assess and manage material risks associated with cybersecurity threats, as such term is defined in Item 106(a) of Regulation S-K. These risks include, among other things, operational risks, intellectual property theft, fraud, extortion, harm to personnel and customers, violation of privacy and security laws and other litigation and legal risk, and reputational risks. We have implemented and continue to maintain various cybersecurity processes, technologies, and controls designed to aid in our efforts to assess, identify, and manage such material risks.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Cybersecurity is an area of focus for our board of directors and management. The audit committee of our board of directors is responsible for overseeing the adequacy and effectiveness of the Company’s information security policies and practices, as well as risks related to information security and cybersecurity. At least semiannually, and more frequently depending upon applicable facts and circumstances, our audit committee receives a presentation on our cybersecurity threat risk management and strategy processes, which covers topics such as our incident response plan, results from third-party assessments, our cybersecurity risk roadmap and any threat risks, cybersecurity incidents or developments, and our progress towards risk-mitigation-related goals. The audit committee receives information related to the foregoing matters from our Chief Information Officer and Senior Director, Information Security, as well as with representatives from our enterprise risk management committee. Our audit committee also receives an annual information security report, which contains information regarding, among other things, the data security processes and procedures that have been implemented across company business units. In addition, our full board of directors is presented with updates on our cybersecurity threat risk management and strategy processes at least annually.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The audit committee of our board of directors is responsible for overseeing the adequacy and effectiveness of the Company’s information security policies and practices, as well as risks related to information security and cybersecurity.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The audit committee receives information related to the foregoing matters from our Chief Information Officer and Senior Director, Information Security, as well as with representatives from our enterprise risk management committee. Our audit committee also receives an annual information security report, which contains information regarding, among other things, the data security processes and procedures that have been implemented across company business units. In addition, our full board of directors is presented with updates on our cybersecurity threat risk management and strategy processes at least annually.
Cybersecurity Risk Role of Management [Text Block]	Cybersecurity is an area of focus for our board of directors and management. The audit committee of our board of directors is responsible for overseeing the adequacy and effectiveness of the Company’s information security policies and practices, as well as risks related to information security and cybersecurity. At least semiannually, and more frequently depending upon applicable facts and circumstances, our audit committee receives a presentation on our cybersecurity threat risk management and strategy processes, which covers topics such as our incident response plan, results from third-party assessments, our cybersecurity risk roadmap and any threat risks, cybersecurity incidents or developments, and our progress towards risk-mitigation-related goals. The audit committee receives information related to the foregoing matters from our Chief Information Officer and Senior Director, Information Security, as well as with representatives from our enterprise risk management committee. Our audit committee also receives an annual information security report, which contains information regarding, among other things, the data security processes and procedures that have been implemented across company business units. In addition, our full board of directors is presented with updates on our cybersecurity threat risk management and strategy processes at least annually. Our cybersecurity risk management and strategy processes, which are discussed in greater detail above, are led by our Chief Information Officer and Senior Director, Information Security. Such individuals have collectively over 20 years of prior work experience in various roles involving managing and safeguarding information security, formulating and executing strategies for cybersecurity, and instituting programs for information and cyber protection, as well as several relevant degrees and certifications, including Certified Information Systems Security Professional, or CISSP, Offensive Security Certified Professional, or OCSP, M.S. Cybersecurity and Information Assurance, M.B.A. Information Systems. These individuals are informed about and monitor the prevention, mitigation, detection, and remediation of cybersecurity incidents through their management of, and participation in, the cybersecurity risk management and strategy processes described above, including the operation of our incident response plan.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our cybersecurity risk management and strategy processes, which are discussed in greater detail above, are led by our Chief Information Officer and Senior Director, Information Security.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Such individuals have collectively over 20 years of prior work experience in various roles involving managing and safeguarding information security, formulating and executing strategies for cybersecurity, and instituting programs for information and cyber protection, as well as several relevant degrees and certifications, including Certified Information Systems Security Professional, or CISSP, Offensive Security Certified Professional, or OCSP, M.S. Cybersecurity and Information Assurance, M.B.A. Information Systems.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	These individuals are informed about and monitor the prevention, mitigation, detection, and remediation of cybersecurity incidents through their management of, and participation in, the cybersecurity risk management and strategy processes described above, including the operation of our incident response plan.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Investments	12 Months Ended
Investments	Dec. 31, 2025
Investments [Abstract]
Investments	Investments Available-for-sale Debt Security In 2019, we invested in LegalVision Pty Ltd., or LegalVision, an Australian proprietary limited company that provides online legal services to small and medium-sized businesses, through the purchase of a convertible promissory note for a total of Australian Dollar, or AUD, $1.0 million (USD $0.7 million). The convertible promissory note had a maturity term of ten years and was convertible into LegalVision’s common stock. The underlying conversion feature was automatically exercisable upon the occurrence of certain exit events, including an IPO, merger or sale, a new financing round, or at our election. At December 31, 2024, we did not hold any equity interests or in-substance common stock in LegalVision, and accordingly, we classified the convertible promissory note as an investment in an available-for-sale debt security in the accompanying consolidated balance sheets. The fair value of the convertible promissory note was based on unobservable inputs that were categorized as Level 3 in the fair value hierarchy. The fair value was estimated using a Monte Carlo simulation model. Key assumptions used in the valuation as of December 31, 2024 included an expected term of 4.3 years, risk-free rate of 3.9% and volatility of 55%. During the year ended December 31, 2025, we sold our available-for-sale debt security in LegalVision and received total proceeds of $1.6 million. As a result of the sale, we recorded a net gain of $0.8 million in other income, net, in the accompanying consolidated statements of operations. Investments in Other Equity Security We hold an equity investment in LawPath, Pty Ltd, or LawPath, an Australian proprietary limited company that provides an online legal platform to individuals and small and medium size businesses. At December 31, 2025 and 2024 the carrying amount of our investment in LawPath was $4.7 million and $4.4 million, respectively. The investment in LawPath does not have a readily determinable fair value. The change in fair value, due to an orderly transaction, in our other equity security was $0.3 million for the year ended December 31, 2025, which was recognized in other income, net in our consolidated statements of operations. There were no impairments of our investments during the years ended December 31, 2025, 2024, and 2023. At December 31, 2025 and 2024, the carrying value of these investments is included in other assets in the accompanying consolidated balance sheets.

Acquisition - Schedule of Fair Value of Consideration Transferred (Details) - Formation Nation $ in Thousands	Feb. 10, 2025 USD ($)
Business Combination [Line Items]
Cash paid at close	$ 50,076
Net working capital adjustment	345
Equity consideration	20,047
Deferred cash consideration	12,729
Total consideration transferred	$ 83,197

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

The following are the domestic and foreign components of our income (loss) before income taxes (in thousands):


	Year Ended December 31,
	2025		2024		2023
Domestic	$	25,366	$	28,678	$	34,518
Foreign	7,072		14,405		(3,024)
Total income before income taxes	$	32,438	$	43,083	$	31,494

Schedule of Components of Income Tax Expense (Benefit)

The details for the provision for income taxes by jurisdiction are as follows (in thousands):


	Year Ended December 31,
	2025		2024		2023
Current
Federal	$	7,117	$	13,258	$	8,984
State	2,909		4,019		3,621
Foreign	351		395		224
Total current provision	10,377		17,672		12,829
Deferred
Federal	4,609		(3,741)		5,481
State	2,147		(736)		(769)
Foreign	(122)		(75)		—
Total deferred provision for (benefit from) income taxes	6,634		(4,552)		4,712
Total provision for income tax	$	17,011	$	13,120	$	17,541

Schedule of Effective Income Tax Rate Reconciliation


	Year Ended December 31,
	2025
Tax at U.S. statutory rate	$	6,812	21.0	%
State and local income taxes(1)	3,326		10.3	%
Foreign tax effects
United Kingdom	(1,394)		(4.3)	%
Other foreign jurisdictions	152		0.5	%
Tax credits
Research and development credits	(3,817)		(11.8)	%
Nontaxable and nondeductible Items
Share-based payment awards	10,719		33.0	%
Internal reorganization costs	1,689		5.2	%
Acquisition costs	359		1.1	%
Other	308		1.0	%
Changes in unrecognized tax benefits	2,844		8.8	%
Other adjustments
Loss on subsidiary stock	(3,522)		(10.9)	%
Other	(465)		(1.4)	%
Effective tax rate	$	17,011	52.5	%

(1) The states and local jurisdictions that contribute to the majority (greater than 50%) of the tax effect in this category include Delaware, New York, Pennsylvania and Texas.


	Year Ended December 31,
	2024		2023
Provision for income taxes at statutory rate	$	9,047	$	6,614
State income taxes, net of federal benefit	2,186		1,796
Rate differential on foreign earnings	(2,670)		(130)
Research and development credits	(5,152)		(4,894)
Change in valuation allowance	(413)		814
Stock-based compensation	2,698		4,538
Nondeductible stock-based compensation	5,757		6,053
Unrecognized tax benefits	1,699		2,498
Non-deductible expenses	298		350
Other	(330)		(98)
Total provision for income taxes	$	13,120	$	17,541

Schedule of Cash Paid for Income Taxes, Net of Refunds Received

Cash paid for income taxes, net of refunds received, after the adoption of ASU 2023-09, for the year ended December 31, 2025 is as follows (in thousands):


	Year Ended December 31,
	2025
Federal	$	5,404
State and local
California	466
Other	2,739
Foreign	305
Cash paid for income taxes, net of refunds received	$	8,914

Schedule of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of our deferred tax assets and liabilities consisted of the following as of December 31, 2025 and 2024, (in thousands):


	As of December 31,
	2025		2024
Deferred tax assets
Deferred revenue	$	123	$	153
Accrued expenses	9,687		7,088
Stock-based compensation	6,606		4,070
Net operating loss carryforwards	17,157		14,918
Tax credit carryforwards	9,360		10,264
Lease liabilities	3,777		1,957
Interest expense carryforwards	1,844		2,782
Capital loss carryforwards	—		453
Capitalized research expenses	18,665		34,957
Total deferred tax assets	67,219		76,642
Valuation allowance	(15,941)		(16,876)
Net deferred tax assets	51,278		59,766
Deferred tax liabilities
Depreciation and amortization	(12,078)		(19,340)
Right of use asset	(3,523)		(1,780)
State taxes	(3,793)		(3,950)
Net deferred tax liabilities	(19,394)		(25,070)
Net deferred tax assets and liabilities	$	31,884	$	34,696

Schedule of Valuation Allowance

The following table summarizes the valuation allowance (in thousands):


	Year Ended December 31,
	2025		2024		2023
Beginning balance	$	16,876	$	16,320	$	14,644
Net (decrease) increase in current year	(481)		(654)		799
Net (decrease) increase in valuation prior period	(454)		1,210		877

Ending balance	$	15,941	$	16,876	$	16,320

Schedule of Unrecognized Tax Benefits Roll Forward

The following table summarizes the changes in unrecognized tax benefits for the years ended December 31, 2025, 2024, and 2023 (in thousands):


	Gross Unrealized Tax Benefits
Balance at December 31, 2022	$	8,920
Additions for tax positions related to the current year	2,181
Additions for tax positions related to prior years	418
Balance at December 31, 2023	$	11,519
Additions for tax positions related to the current year	2,854
Reductions for tax positions related to prior years	(966)
Balance at December 31, 2024	$	13,407
Additions for tax positions related to the current year	1,965
Additions for tax positions related to prior years	1,416
Balance at December 31, 2025	$	16,788

Intangible Assets, net - Schedule of Estimated Future Intangible Assets Amortization Expense (Details) $ in Thousands	Dec. 31, 2025 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2026	$ 6,260
2027	5,063
2028	3,590
2029	2,811
2030	228
Net Carrying Amount	$ 17,952

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Statement of Financial Position [Abstract]
Allowances on accounts receivable	$ 2,281	$ 2,121
Amortized cost on available-for-sale debt security	$ 0	$ 848
Preferred stock par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock shares authorized (in shares)	100,000,000	100,000,000
Preferred stock shares issued (in shares)	0	0
Preferred stock shares outstanding (in shares)	0	0
Common stock par value (in dollars per share)	$ 0.001	$ 0.001
Common stock shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock shares issued (in shares)	177,624,000	173,619,000
Common stock shares outstanding (in shares)	177,624,000	173,619,000

Income Taxes - Schedule of Cash Paid for Income Taxes, Net of Refunds Received (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Income Tax Paid, by Individual Jurisdiction [Line Items]
Federal	$ 5,404
Foreign	305
Cash paid for income taxes, net of refunds received	8,914	$ 26,200	$ 6,600
California
Income Tax Paid, by Individual Jurisdiction [Line Items]
State and local	466
Other
Income Tax Paid, by Individual Jurisdiction [Line Items]
State and local	$ 2,739

Stock-based Compensation - Additional Information for Restricted Stock Units (Details) - USD ($) $ / shares in Units, shares in Thousands	1 Months Ended		12 Months Ended
	Nov. 30, 2024	Jul. 31, 2024	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense			$ 113,708,000	$ 71,510,000	$ 66,015,000
RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of vested options			92,900,000	52,100,000	36,600,000
Total stock-based compensation expense			113,900,000	71,400,000	47,300,000
Remaining stock-based compensation expense			$ 117,400,000
Weighted-average requisite service period for recognition of remaining stock-based compensation expense			2 years 2 months 12 days
Realized tax benefit			$ 400,000	0	0
Units granted (in shares)			7,381
Weighted average grant date fair value, granted (in dollars per share)			$ 9.47
RSUs with Performance and Market Conditions (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense			$ 6,000,000.0	$ 9,200,000
Remaining stock-based compensation expense			$ 1,800,000
Weighted-average requisite service period for recognition of remaining stock-based compensation expense			9 months 18 days
Units granted (in shares)				2,500
Percentage of target awards determining vesting of units				100.00%
Grant date fair value				$ 29,800,000
Weighted average grant date fair value, granted (in dollars per share)				$ 12.05
RSUs with Performance and Market Conditions (PSUs) \| Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage			33.33%
RSUs with Performance and Market Conditions (PSUs) \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target awards determining vesting of units				0.00%
RSUs with Performance and Market Conditions (PSUs) \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target awards determining vesting of units				200.00%
2023 Restricted Stock Units (RSUs), Performance And Market Conditions
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense			$ 0	$ 0	$ 0
Units granted (in shares)					1,300
July 2024 RSUs with Market Vesting Condition
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense			9,800,000	4,900,000
Remaining stock-based compensation expense			$ 11,400,000
Weighted-average requisite service period for recognition of remaining stock-based compensation expense			1 year 8 months 12 days
Units granted (in shares)		2,700
Percentage of target awards determining vesting of units		100.00%
Grant date fair value		$ 13,100,000
Weighted average grant date fair value, granted (in dollars per share)		$ 4.89
Performance period of stock price trigger to determine vesting		5 years
Number of trading days measuring weighted-average closing price of common stock to determine vesting		45 days
Extension option for performance period		44 days
July 2024 RSUs with Market Vesting Condition \| Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage		50.00%
July 2024 RSUs with Market Vesting Condition \| Share-Based Payment Arrangement, Tranche Two
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		1 year
Vesting percentage		50.00%
July 2024 RSUs with Market Vesting Condition \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target awards determining vesting of units		0.00%
July 2024 RSUs with Market Vesting Condition \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target awards determining vesting of units		200.00%
November 2024 RSUs with Market Vesting Condition
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense			$ 39,700,000	$ 5,600,000
Remaining stock-based compensation expense			$ 5,200,000
Weighted-average requisite service period for recognition of remaining stock-based compensation expense			4 months 24 days
Units granted (in shares)	2,400
Percentage of target awards determining vesting of units	100.00%
Grant date fair value	$ 12,600,000
Weighted average grant date fair value, granted (in dollars per share)	$ 5.30
Performance period of stock price trigger to determine vesting	3 years
Number of trading days measuring weighted-average closing price of common stock to determine vesting	30 days
Extension option for performance period	29 days
November 2024 RSUs with Market Vesting Condition \| Share-Based Payment Arrangement, Tranche One
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting percentage	100.00%
November 2024 RSUs with Market Vesting Condition \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target awards determining vesting of units	0.00%
November 2024 RSUs with Market Vesting Condition \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target awards determining vesting of units	400.00%

Acquisition - Schedule of Purchase Consideration of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ in Thousands	11 Months Ended
	Dec. 31, 2025	Feb. 10, 2025	Dec. 31, 2024
Business Combination [Line Items]
Goodwill	$ 140,705		$ 63,318
Other liabilities	0
Formation Nation
Business Combination [Line Items]
Cash and cash equivalents	1,953	$ 1,953
Accounts receivable	276	276
Prepaid expenses and other current assets	257	257
Operating lease right-of-use assets	3,884	3,884
Other assets	80	80
Intangible assets	17,300	17,300
Deferred tax assets	1,890	0
Goodwill	77,387	77,813
Total assets acquired	103,027	101,563
Accounts payable	535	535
Accrued expenses and other current liabilities	6,209	4,744
Operating lease liabilities, current and non-current	3,504	3,504
Deferred revenue	9,582	9,582
Other liabilities		16
Net assets acquired	83,197	$ 83,182
Measurement period adjustments, net
Deferred tax assets	1,890
Goodwill	(426)
Total assets acquired	1,464
Accrued expenses and other current liabilities	1,465
Other liabilities	(16)
Net assets acquired	$ 15

Stock-based Compensation - Additional Information for Stock Options (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of options exercised	$ 2,200	$ 3,500	$ 2,200
Total stock-based compensation expense	$ 113,708	$ 71,510	$ 66,015
Weighted-average grant-date fair value (in dollars per share)			$ 4.40
Granted (in shares)	0	0
Realized tax benefit	$ 1,600	$ 3,100	$ 0
Share-Based Payment Arrangement, Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense	3,400	$ 5,400	$ 22,000
Stock-based compensation expense total unrecognized	$ 2,200
Weighted-average requisite service period for recognition of remaining stock-based compensation expense	1 year 1 month 6 days

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(v)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(i)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iii)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)(2)(iv)
-Publisher FASB
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+ Details

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of Assets and Liabilities that are Measured at Fair Value on a Recurring Basis

The following tables summarize our assets and liabilities that are measured at fair value on a recurring basis, by level, within the fair value hierarchy (in thousands):


	As of December 31, 2025
	Level 1		Level 2		Level 3

Money market funds	$	180,778	$	—	$	—
Total assets	$	180,778	$	—	$	—


	As of December 31, 2024
	Level 1		Level 2		Level 3
Available-for-sale debt security	$	—	$	—	$	1,377
Money market funds	114,690		—		—
Total assets	$	114,690	$	—	$	1,377

Intangible Assets, net (Tables)

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Finite-Lived Intangible Assets

Intangible assets, net, consisted of the following (in thousands):


	As of December 31, 2025
	Remaining Weighted average useful life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	5.9	$	23,288	$	10,902	$	12,386
Developed technology	4.0	17,681		14,157		3,524
Trade names	4.1	2,679		637		2,042
Assembled workforce	0.0	125		125		—
In-process research and development	N/A	200		—		200
Total intangible assets		$	43,973	$	25,821	$	18,152


	As of December 31, 2024
	Remaining Weighted average useful life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	2.8	$	12,088	$	7,081	$	5,007
Developed technology	1.3	14,281		10,666		3,615
Trade names	0.0	179		179		—
Assembled workforce	0.8	125		94		31
Total intangible assets		$	26,673	$	18,020	$	8,653

Schedule of Indefinite-Lived Intangible Assets

Intangible assets, net, consisted of the following (in thousands):


	As of December 31, 2025
	Remaining Weighted average useful life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	5.9	$	23,288	$	10,902	$	12,386
Developed technology	4.0	17,681		14,157		3,524
Trade names	4.1	2,679		637		2,042
Assembled workforce	0.0	125		125		—
In-process research and development	N/A	200		—		200
Total intangible assets		$	43,973	$	25,821	$	18,152


	As of December 31, 2024
	Remaining Weighted average useful life (in years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	2.8	$	12,088	$	7,081	$	5,007
Developed technology	1.3	14,281		10,666		3,615
Trade names	0.0	179		179		—
Assembled workforce	0.8	125		94		31
Total intangible assets		$	26,673	$	18,020	$	8,653

Schedule of Estimated Future Intangible Assets Amortization Expense

At December 31, 2025, estimated future intangible assets amortization expense was as follows (in thousands):


For Years Ending December 31,
2026	$	6,260
2027	5,063
2028	3,590
2029	2,811
2030	228
Total future amortization expense	$	17,952

Summary of Significant Accounting Policies - Schedule of Revenue Recognition (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Disaggregation of Revenue [Line Items]
Total revenue	$ 756,043	$ 681,881	$ 660,727
Transaction
Disaggregation of Revenue [Line Items]
Total revenue	263,582	245,692	247,780
Subscription
Disaggregation of Revenue [Line Items]
Total revenue	$ 492,461	$ 436,189	$ 412,947

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Fair Value of Consideration Transferred

The fair value of consideration transferred is as follows (in thousands):


Cash paid at close	$	50,076
Net working capital adjustment	345
Equity consideration	20,047
Deferred cash consideration	12,729
Total consideration transferred	$	83,197

Schedule of Purchase Consideration of Assets Acquired and Liabilities Assumed

The following table summarizes the final allocation of the purchase consideration to the assets acquired and liabilities assumed (in thousands):


	Preliminary Allocation of Purchase Consideration		Measurement period adjustments, net(1)		Final Allocation of Purchase Consideration
Cash and cash equivalents	$	1,953	$	—	$	1,953
Accounts receivable	276		—		276
Prepaid expenses and other current assets	257		—		257
Operating lease right-of-use assets	3,884		—		3,884
Other assets	80		—		80
Intangible assets	17,300		—		17,300
Deferred tax assets	—		1,890		1,890
Goodwill	77,813		(426)		77,387
Total assets acquired	$	101,563	$	1,464	$	103,027

Accounts payable	$	535	$	—	$	535
Accrued expenses and other current liabilities(2)	4,744		1,465		6,209
Operating lease liabilities, current and non-current	3,504		—		3,504
Deferred revenue	9,582		—		9,582
Other liabilities	16		(16)		—
Net assets acquired	$	83,182	$	15	$	83,197

(1) Measurement period adjustments are primarily related to state, federal and sales tax adjustments related to Formation Nation’s pre-acquisition results.

Schedule of Valuation of Acquired Intangible Assets and Estimated Useful Lives

The following table summarizes the valuation of acquired intangible assets and estimated useful lives as of the acquisition date (in thousands, except years):


	Fair Value		Estimated remaining useful life
Customer relationships	$	11,200	5
Developed technology	3,400		4
Trade names	2,500		5
In-process research & development	200		N/A
Total identifiable intangible assets	$	17,300

- Definition

Tabular disclosure of business combination. Includes, but is not limited to, recognized asset and liability.

+ References + Details

Restructuring (Details) - USD ($) $ in Millions	12 Months Ended
Restructuring (Details) - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
U.S. Workforce Reduction
Restructuring Cost and Reserve [Line Items]
Severance and related termination benefits costs	$ 0.9
Global Workforce Reduction
Restructuring Cost and Reserve [Line Items]
Severance and related termination benefits costs		$ 4.8
U.S. And U.K. Workforce Reduction
Restructuring Cost and Reserve [Line Items]
Severance and related termination benefits costs			$ 4.7

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

Accumulated Other Comprehensive Income

12 Months Ended

Dec. 31, 2025

Stockholders' Equity Note [Abstract]

Accumulated Other Comprehensive Income

Changes in accumulated other comprehensive income consisted of the following:


	Year Ended December 31, 2025
(in thousands)	Before Tax Amount		Tax Effect		Net of Tax Amount
Foreign currency translation adjustments:
Beginning balance	$	463	$	—	$	463
Change during period	(283)		—		(283)
Ending balance	$	180	$	—	$	180
Available-for-sale debt security:
Beginning balance	$	530	$	(132)	$	398
Unrealized gains	119		(30)		89
Reclassification adjustment for gain included in net income	(648)		162		(486)
Ending balance	$	1	$	—	$	1
Accumulated other comprehensive income:
Beginning balance	$	993	$	(132)	$	861
Other comprehensive loss	(812)		132		(680)
Ending balance	$	181	$	—	$	181


	Year Ended December 31, 2024
(in thousands)	Before Tax Amount		Tax Effect		Net of Tax Amount
Foreign currency translation adjustments:
Beginning balance	$	(12)	$	—	$	(12)
Change during period	475		—		475
Ending balance	$	463	$	—	$	463
Available-for-sale debt security:
Beginning balance	$	324	$	(80)	$	244
Unrealized gains	206		(52)		154
Ending balance	$	530	$	(132)	$	398







Accumulated other comprehensive income:
Beginning balance	$	312	$	(80)	$	232
Other comprehensive income	681		(52)		629
Ending balance	$	993	$	(132)	$	861


	Year Ended December 31, 2023
(in thousands)	Before Tax Amount		Tax Effect		Net of Tax Amount
Foreign currency translation adjustments:
Beginning balance	$	1,358	$	—	$	1,358
Change during period	(1,370)		—		(1,370)
Ending balance	$	(12)	$	—	$	(12)
Available-for-sale debt security:
Beginning balance	$	184	$	(45)	$	139
Unrealized gains	140		(35)		105

Ending balance	$	324	$	(80)	$	244







Accumulated other comprehensive income:
Beginning balance	$	1,542	$	(45)	$	1,497
Other comprehensive loss	(1,230)		(35)		(1,265)
Ending balance	$	312	$	(80)	$	232

Stock-based Compensation - Additional Information for Stock-based Compensation Plans (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Jun. 30, 2021	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense		$ 113,708	$ 71,510	$ 66,015
2021 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)	18,946,871
2021 Employee Stock Purchase Plan \| Employee stock purchase plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized (in shares)	3,552,538
Fair market value of the stock at the beginning of the offering period	85.00%
Purchase period	6 months
Fixed contribution rate	15.00%
Total stock-based compensation expense		$ 800	$ 400	$ 700
2016 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		5 years
Expiration period		10 years
Termination period		30 days

Stock-based Compensation - Schedule of Fair Value Assumptions and Techniques for Stock Options (Details) - Share-Based Payment Arrangement, Option	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)		5 years 10 months 24 days
Risk-free interest rate		3.40%
Risk free interest rate, maximum	3.80%
Expected volatility		50.40%
Expected volatility, maximum	50.70%
Expected dividend yield		0.00%

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Acquisition - Schedule of Valuation of Acquired Intangible Assets and Estimated Useful Lives (Details) - USD ($) $ in Thousands	Dec. 31, 2025	Feb. 10, 2025	Dec. 31, 2024
Customer relationships
Business Combination [Line Items]
Estimated remaining useful life	5 years 10 months 24 days		2 years 9 months 18 days
Developed technology
Business Combination [Line Items]
Estimated remaining useful life	4 years		1 year 3 months 18 days
Trade names
Business Combination [Line Items]
Estimated remaining useful life	4 years 1 month 6 days		0 years
Formation Nation
Business Combination [Line Items]
Fair Value		$ 17,300
Formation Nation \| Customer relationships
Business Combination [Line Items]
Fair Value		$ 11,200
Estimated remaining useful life		5 years
Formation Nation \| Developed technology
Business Combination [Line Items]
Fair Value		$ 3,400
Estimated remaining useful life		4 years
Formation Nation \| Trade names
Business Combination [Line Items]
Fair Value		$ 2,500
Estimated remaining useful life		5 years
Formation Nation \| In-process research & development
Business Combination [Line Items]
Fair Value		$ 200

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Restructuring	12 Months Ended
Restructuring	Dec. 31, 2025
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring From time to time, we initiate cost reduction activities to integrate acquired businesses, to align our workforce with strategic business activities, or to improve efficiencies in our operations. In 2025, we incurred $0.9 million in severance and related termination benefits costs related to a reduction in headcount in our U.S. workforce. In August 2024, we committed to a restructuring plan resulting in a reduction of our global workforce. This restructuring plan was substantially completed by September 30, 2024. During the year ended December 31, 2024, we recognized $4.8 million in severance and other termination benefits in conjunction with the foregoing restructuring plan. In 2023, we incurred $4.7 million in severance and related termination benefits costs related to a reduction in headcount in our U.S. and U.K. headcount. The 2023 reduction in the U.S. and U.K. headcount was substantially complete by December 31, 2023. Restructuring expenses include salary and benefits for the impacted employees and are included in general and administrative expenses in the accompanying consolidated statements of operations.

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 15,427	$ 29,963	$ 13,953
Other comprehensive (loss) income, net of tax:
Change in foreign currency translation adjustments	(283)	475	(1,370)
Change in available-for-sale debt securities:
Unrealized gains, net	89	154	105
Reclassification adjustment for net gain on available-for-sale debt securities included in net income	(486)	0	0
Total change in available-for-sale debt securities	(397)	154	105
Total other comprehensive (loss) income	(680)	629	(1,265)
Total comprehensive income	$ 14,747	$ 30,592	$ 12,688

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation After Adoption (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Amount
Tax at U.S. statutory rate	$ 6,812	$ 9,047	$ 6,614
State and local income taxes	3,326	2,186	1,796
Foreign tax effects		(2,670)	(130)
Tax credits
Research and development credits	(3,817)	(5,152)	(4,894)
Nontaxable and nondeductible Items
Share-based payment awards	10,719	5,757	6,053
Internal reorganization costs	1,689
Acquisition costs	359
Other	308
Changes in unrecognized tax benefits	2,844	1,699	2,498
Other adjustments
Loss on subsidiary stock	(3,522)
Other	(465)	(330)	(98)
Total provision for income taxes	$ 17,011	$ 13,120	$ 17,541
Percent
Tax at U.S. statutory rate	21.00%
State and local income taxes	10.30%
Tax credits
Research and development credits	(11.80%)
Nontaxable and nondeductible Items
Share-based payment awards	33.00%
Internal reorganization costs	5.20%
Acquisition costs	1.10%
Other	1.00%
Changes in unrecognized tax benefits	8.80%
Other adjustments
Loss on subsidiary stock	(10.90%)
Other	(1.40%)
Effective tax rate	52.50%
United Kingdom
Amount
Foreign tax effects	$ (1,394)
Percent
Foreign tax effects	(4.30%)
Other foreign jurisdictions
Amount
Foreign tax effects	$ 152
Percent
Foreign tax effects	0.50%

Other Financial Statement Information - Schedule of Changes in Sales Allowance (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Accrued Sales Allowances [Roll Forward]
Beginning balance	$ 3,086	$ 3,412	$ 4,426
Add: increase in sales allowances	6,029	4,327	6,635
Less: utilization of reserves	(5,989)	(4,653)	(7,649)
Ending balance	$ 3,126	$ 3,086	$ 3,412

Insider Trading Policies and Procedures	12 Months Ended
Insider Trading Policies and Procedures	Dec. 31, 2025
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Assets Held for Sale (Details) - USD ($)		12 Months Ended
Assets Held for Sale (Details) - USD ($)	Mar. 31, 2025	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Mar. 30, 2025
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of assets held for sale		$ 37,051,000	$ 0	$ 0
Carrying value		0	22,722,000
Pre-tax gain on sale		14,337,000	$ 0	$ 0
Discontinued Operations, Disposed of by Sale \| Austin, Texas Operational Headquarters
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from sale of assets held for sale	$ 37,100,000
Pre-tax gain on sale	$ 14,300,000
Disposal Group, Held-for-sale, Not Discontinued Operations \| Austin, Texas Operational Headquarters
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Carrying value		$ 0			$ 22,700,000

Cover - USD ($) $ in Billions	12 Months Ended
Cover - USD ($) $ in Billions	Dec. 31, 2025	Feb. 13, 2026	Jun. 30, 2025
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2025
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-35618
Entity Registrant Name	LegalZoom.com, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	95-4752856
Entity Address, Address Line One	954 Villa Street
Entity Address, City or Town	Mountain View
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94041
City Area Code	323
Local Phone Number	962-8600
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	LZ
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	false
Entity Shell Company	false
Entity Public Float			$ 1.3
Entity Common Stock, Shares Outstanding		172,922,380
Documents Incorporated by Reference	Portions of the Registrant’s Definitive Proxy Statement relating to its 2026 Annual Meeting of Stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K to the extent stated herein. The Definitive Proxy Statement will be filed with the SEC within 120 days of the Registrant’s fiscal year ended December 31, 2025.
Document Transition Report	false
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	FY
Entity Central Index Key	0001286139

Description of the Business	12 Months Ended
Description of the Business	Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of the Business	Description of the Business LegalZoom.com, Inc. was initially formed as a California corporation in 1999 and reincorporated as a Delaware corporation in 2007. LegalZoom.com, Inc., and its wholly owned subsidiaries, are referred to herein as the “Company”, “we,” “us,” or “our”. LegalZoom.com, Inc. is a leading online platform for legal services, transforming how individuals and small businesses navigate the legal system. By combining intuitive technology with access to experienced attorneys—whether through our vast independent attorney network or our own law firm—we offer the tools and guidance people need to confidently manage everything from business formation and compliance to intellectual property protection and ongoing business management and legal support. With over two decades of experience and millions of customers served, LegalZoom, Inc. helps individuals and small businesses navigate legal needs with confidence. On February 10, 2025, we acquired all of the outstanding equity interests of Formation Nation, a small business services company with a range of legal and business solutions, for a total consideration of $83.2 million consisting of cash, net working capital adjustments and equity consideration comprising 2,205,445 restricted shares of our common stock.

Net Income Per Share

12 Months Ended

Dec. 31, 2025

Earnings Per Share [Abstract]

Net Income Per Share

The following table shows the computation of basic and diluted net income per share (in thousands, except per share amounts):


	Year Ended December 31,
	2025		2024		2023
Numerator:
Net income	$	15,427	$	29,963	$	13,953
Net income — basic and diluted	$	15,427	$	29,963	$	13,953



Denominator:
Weighted-average common stock used in computing net income per share — basic	178,798		180,210		190,466
Effect of potentially dilutive securities
Options to purchase common stock	53		754		1,380
RSUs	5,808		1,893		2,558
Employee stock purchase plan	31		8		11
Weighted-average common stock used in computing net income per share — diluted	184,690		182,865		194,415
Net income per share — basic	$	0.09	$	0.17	$	0.07
Net income per share — diluted	$	0.08	$	0.16	$	0.07

The following table presents the number of stock options, RSUs, and PSUs, excluded from the calculation of diluted net income per share because they are anti-dilutive (in thousands):


	As of December 31,
	2025	2024	2023
Options to purchase common stock	4,992	11,512	10,714
RSUs(1)	17,347	13,932	7,426
Employee stock purchase plan	33	64	43
Total	22,372	25,508	18,183

Segment Information - Schedule of Financial Information by Reportable Segment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total revenue	$ 756,043	$ 681,881	$ 660,727
Filing fees	98,300	83,300	88,100
Customer acquisition marketing	175,600	157,600	145,300
Stock-based compensation	113,708	71,510	66,015
Depreciation and amortization	44,123	34,927	25,383
Interest income	(7,569)	(7,850)	(9,307)
Interest expense	1,294	446	493
Provision for income taxes	17,011	13,120	17,541
Gain on sale of assets held for sale	(14,337)	0	0
Net income	15,427	29,963	13,953
Transaction
Segment Reporting Information [Line Items]
Total revenue	263,582	245,692	247,780
Subscription
Segment Reporting Information [Line Items]
Total revenue	492,461	436,189	412,947
Operating Segments \| Reportable Segment
Segment Reporting Information [Line Items]
Total revenue	756,043	681,881	660,727
Filing fees	98,292	83,269	88,103
Other cost of revenue, excluding depreciation, amortization and stock-based compensation	133,443	132,089	134,070
Customer acquisition marketing	175,614	157,578	145,338
Other sales and marketing, excluding depreciation, amortization and stock-based compensation	60,060	38,293	54,152
Technology and development, excluding depreciation, amortization and stock-based compensation	58,328	62,323	60,098
General and administrative, excluding depreciation, amortization, stock-based compensation, and restructuring	60,982	60,215	61,843
Stock-based compensation	113,708	71,510	66,015
Depreciation and amortization	44,123	34,927	25,383
Interest income	(7,569)	(7,850)	(9,307)
Interest expense	1,294	446	493
Restructuring	$ 854	$ 6,096	$ 4,666
Restructuring Charges, Statement of Income or Comprehensive Income [Extensible Enumeration]	General and administrative	General and administrative	General and administrative
Other segment items	$ (1,187)	$ (98)	$ (1,621)
Provision for income taxes	17,011	13,120	17,541
Gain on sale of assets held for sale	(14,337)	0	0
Net income	15,427	29,963	13,953
Operating Segments \| Reportable Segment \| Transaction
Segment Reporting Information [Line Items]
Total revenue	263,582	245,692	247,780
Operating Segments \| Reportable Segment \| Subscription
Segment Reporting Information [Line Items]
Total revenue	492,461	436,189	412,947
Adjustments and reconciling items
Segment Reporting Information [Line Items]
Net income	$ 0	$ 0	$ 0