$GRPN

Groupon, Inc.

CIK:0001490281|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Income Statement [Abstract]
Revenue	$ 124,675	$ 125,702	$ 241,875	$ 242,889
Cost of revenue	11,283	11,276	22,434	22,165
Gross profit	113,392	114,426	219,441	220,724
Operating expenses:
Marketing	43,265	41,399	79,598	75,836
Selling, general and administrative	67,683	70,669	140,711	140,509
Restructuring and related charges (credits)	3,161	(46)	3,168	91
Gain on sale of business	0	(10,650)	0	(10,650)
Total operating expenses	114,109	101,372	223,477	205,786
Income (loss) from operations	(717)	13,054	(4,036)	14,938
Other income (expense), net	(3,275)	18,466	(7,646)	26,037
Income (loss) from continuing operations before provision (benefit) for income taxes	(3,992)	31,520	(11,682)	40,975
Provision (benefit) for income taxes	(2,536)	10,927	2,363	12,355
Income (loss) from continuing operations	(1,456)	20,593	(14,045)	28,620
Income (loss) from discontinued operations, net of tax	(16)	0	(46)	(471)
Net income (loss)	(1,472)	20,593	(14,091)	28,149
Net (income) loss attributable to noncontrolling interests	(291)	(256)	(531)	(637)
Net income (loss) attributable to Groupon, Inc.	$ (1,763)	$ 20,337	$ (14,622)	$ 27,512
Basic net income (loss) per share:
Continuing operations (in usd per share)	$ (0.04)	$ 0.51	$ (0.37)	$ 0.70
Discontinued operations (in usd per share)	0	0	0	(0.01)
Basic net income (loss) per share (in usd per share)	(0.04)	0.51	(0.37)	0.69
Diluted net income (loss) per share:
Continuing operations (in usd per share)	(0.04)	0.46	(0.37)	0.65
Discontinued operations (in usd per share)	0	0	0	(0.01)
Diluted net income (loss) per share (in usd per share)	$ (0.04)	$ 0.46	$ (0.37)	$ 0.64
Weighted average number of shares outstanding:
Basic weighted average number of shares outstanding (in shares)	38,961,948	40,034,041	39,742,972	39,922,318
Diluted weighted average number of shares outstanding (in shares)	38,961,948	50,780,325	39,742,972	43,357,429
Comprehensive income (loss):
Net income (loss)	$ (1,472)	$ 20,593	$ (14,091)	$ 28,149
Other comprehensive income (loss)
Net change in unrealized gain (loss) on foreign currency translation adjustments	1,108	(22,698)	3,413	(33,069)
Other comprehensive income (loss)	1,108	(22,698)	3,413	(33,069)
Comprehensive income (loss)	(364)	(2,105)	(10,678)	(4,920)
Comprehensive income attributable to noncontrolling interests	(291)	(256)	(531)	(637)
Comprehensive income (loss) attributable to Groupon, Inc.	$ (655)	$ (2,361)	$ (11,209)	$ (5,557)

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands

6 Months Ended

Jun. 30, 2026

Jun. 30, 2025

Operating activities

Net income (loss)

$ (14,091)

$ 28,149

Less: Income (loss) from discontinued operations, net of tax

(46)

(471)

Income (loss) from continuing operations

(14,045)

28,620

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:

Depreciation and amortization of property, equipment and software

7,589

9,273

Amortization of acquired intangible assets

662

761

Stock-based compensation

20,241

16,476

Amortization of debt discount (premium) on convertible senior notes

(1,786)

890

Deferred income taxes

3,459

562

Foreign currency (gains) losses, net

3,022

(19,973)

Gain on sale of business

(10,650)

Change in assets and liabilities:

Accounts receivable

1,888

4,369

Prepaid expenses and other current assets

(5,400)

(2,969)

Right-of-use assets - operating leases

1,914

1,508

Accounts payable

12,749

(872)

Accrued merchant and supplier payables

(33,312)

1,108

Accrued expenses and other current liabilities

13,737

11,306

Operating lease obligations

(2,167)

(1,856)

Other, net

(382)

(10,156)

Net cash provided by (used in) operating activities from continuing operations

8,169

28,397

Net cash provided by (used in) operating activities from discontinued operations

Net cash provided by (used in) operating activities

8,169

28,397

Investing activities

Purchases of property and equipment and capitalized software

(6,664)

(6,967)

Proceeds from sale of business, net

13,991

Net cash provided by (used in) investing activities from continuing operations

(6,664)

7,024

Net cash provided by (used in) investing activities from discontinued operations

Net cash provided by (used in) investing activities

(6,664)

7,024

Financing activities

Repayment of Notes

(33,740)

Payments for purchases of treasury stock

(31,433)

(3,821)

(2,457)

Other financing activities

(502)

(681)

Net cash provided by (used in) financing activities

(69,496)

(3,138)

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(1,598)

1,842

Net increase (decrease) in cash, cash equivalents and restricted cash

(69,589)

34,125

Less: Net increase (decrease) in cash classified within current assets of discontinued operations

Net increase (decrease) in cash, cash equivalents and restricted cash

(69,589)

34,125

Cash, cash equivalents and restricted cash, beginning of period

^[1]

325,612

262,569

Cash and cash equivalents

226,250

262,575

Restricted cash included in prepaid expenses and other current assets

29,773

34,119

Cash, cash equivalents and restricted cash, end of period

^[1]

256,023

296,694

Cash activity:

Cash paid for interest

7,616

4,275

Income tax payments

5,128

11,796

Cash paid for amounts included in the measurement of operating lease liabilities

1,972

(199)

Non-cash investing activity from continuing operations:

Right-of-use assets obtained in exchange for operating lease liabilities

516

2,779

Increase in liabilities related to purchases of property and equipment and capitalized software

$ 34

$ 72

[1]

The following table provides a reconciliation of Cash, cash equivalents and restricted cash shown above to amounts reported within the Condensed Consolidated Balance Sheets as of June 30, 2026, December 31, 2025, June 30, 2025 and December 31, 2024 (in thousands):


	June 30, 2026		December 31, 2025		June 30, 2025		December 31, 2024
Cash and cash equivalents	$	226,250	$	296,080	$	262,575	$	228,843
Restricted cash included in prepaid expenses and other current assets	29,773		29,532		34,119		33,726

Cash, cash equivalents and restricted cash	$	256,023	$	325,612	$	296,694	$	262,569


	Six Months Ended June 30,
	2026		2025
Supplemental disclosure of cash flow information from continuing operations
Cash activity:
Cash paid for interest	$	7,616	$	4,275
Income tax payments	5,128		11,796
Cash paid for amounts included in the measurement of operating lease liabilities	1,972		(199)

Non-cash investing activity from continuing operations:
Right-of-use assets obtained in exchange for operating lease liabilities	$	516	$	2,779
Increase in liabilities related to purchases of property and equipment and capitalized software	34		$	72

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 226,250	$ 296,080
Accounts receivable, net	23,733	25,792
Prepaid expenses and other current assets	57,889	52,548
Total current assets	307,872	374,420
Property, equipment and software, net	15,394	16,120
Right-of-use assets - operating leases, net	4,807	6,316
Goodwill	178,685	178,685
Intangible assets, net	2,563	3,224
Investments	74,823	74,823
Deferred income taxes	8,870	9,648
Other non-current assets	6,662	7,170
Total assets	599,676	670,406
Current liabilities:
Current portion of convertible senior notes, net	45,932	33,691
Accounts payable	21,193	8,688
Accrued merchant and supplier payables	200,734	235,473
Accrued expenses and other current liabilities	122,251	106,057
Total current liabilities	390,110	383,909
Convertible senior notes, net	261,388	309,155
Operating lease obligations	1,873	3,206
Other non-current liabilities	18,374	16,526
Total liabilities	671,745	712,796
Commitments and contingencies (see Note 7)
Stockholders' equity (deficit)
Common Stock, par value $0.0001 per share, 100,500,000 shares authorized; 53,651,908 shares issued and 40,553,312 shares outstanding at June 30, 2026; 51,026,430 shares issued and 40,732,313 shares outstanding at December 31, 2025	5	5
Additional paid-in capital	2,491,059	2,478,038
Treasury stock, at cost, 13,098,596 shares at June 30, 2026 and 10,294,117 shares at December 31, 2025	(954,099)	(922,666)
Accumulated deficit	(1,607,056)	(1,592,434)
Accumulated other comprehensive income (loss)	(2,092)	(5,505)
Total Groupon, Inc. stockholders' equity (deficit)	(72,183)	(42,562)
Noncontrolling interests	114	172
Total equity (deficit)	(72,069)	(42,390)
Total liabilities and equity (deficit)	$ 599,676	$ 670,406