Official guidance:
Mgmt quotes:
| Metric | Value | Speaker/Context |
|---|---|---|
| GMV (Q2 2025) | $1.454 billion | YoY growth 34% (prepared) |
| Total revenue (Q2 2025) | $214.9 million | YoY growth 28% (prepared) |
| Service fee revenue (Q2 2025) | $102.9 million | (prepared) |
| Fulfillment services revenue (Q2 2025) | $112.0 million | (prepared) |
| Adjusted gross profit (Q2 2025) | $99.9 million | Gross margin 46.5% (prepared) |
| GAAP gross profit (Q2 2025) | $97.7 million | Margin 45.5% (prepared) |
| Adjusted EBITDA (Q2 2025) | $38.5 million | Margin 17.9% (prepared) |
| GAAP net profit (Q2 2025) | $10.5 million | vs. net loss of $22.4M in Q2 2024 (prepared) |
| Free cash flow (Q2 2025) | $63.5 million | (CFO) |
| Cash and equivalents (end Q2 2025) | $516.0 million | Including short-term deposits and marketable securities (CFO) |
| Shopify warrants amortization (Q2 2025) | $12.9 million | Down from $37.4M in Q2 2024 (CFO) |
| R&D expense (non-GAAP, Q2 2025) | $26.2 million | 12.2% of revenue (CFO) |
| Sales & marketing expense (non-GAAP, Q2 2025) | $27.2 million | 12.7% of revenue (CFO) |
| G&A expense (non-GAAP, Q2 2025) | $8.8 million | 4.1% of revenue (CFO) |
| Q3 2025 GMV guidance | $1.455B–$1.495B | Midpoint growth 30% YoY (CFO) |
| Q3 2025 revenue guidance | $214M–$221M | Midpoint growth 24% YoY (CFO) |
| Q3 2025 adjusted EBITDA guidance | $37.5M–$41.5M | Midpoint margin 18.2% (CFO) |
| Full year 2025 GMV guidance | $6.22B–$6.52B | Midpoint growth 31% YoY (CFO) |
| Full year 2025 revenue guidance | $921.5M–$971.5M | Midpoint growth 26% YoY (CFO) |
| Full year 2025 adjusted EBITDA guidance | $180M–$200M | (CFO) |