Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 107,097 $ 109,179
Receivables, net 29,583 30,767
Prepaid expenses and other current assets 8,769 7,156
Total current assets 145,449 147,102
Property and equipment, net 14,908 16,118
Operating lease right-of-use assets 8,737 9,703
Intangible assets and internal-use software, net 86,825 90,996
Goodwill 52,222 52,222
Deferred income taxes 3,343 3,399
Other long-term assets 2,291 3,415
Total non-current assets 168,326 175,853
Total assets 313,775 322,955
Current liabilities:    
Accounts payable 3,749 1,518
Operating lease liabilities, current 3,199 3,405
Accrued and other current liabilities 33,437 44,495
Total current liabilities 40,385 49,418
Minimum guarantee liability 18,834 18,000
Contingent consideration 3,665 3,340
Deferred income taxes 531 381
Operating lease liabilities, non-current 5,828 6,659
Other long-term liabilities 450 442
Total non-current liabilities 29,308 28,822
Total liabilities 69,693 78,240
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.0001 par value (100,000 shares authorized, no shares issued and outstanding as of March 31, 2025 and December 31, 2024) 0 0
Additional paid-in capital 331,706 327,951
Accumulated deficit (34,204) (31,324)
Accumulated other comprehensive loss (586) (632)
Treasury stock, at cost, 20,360 and 19,450 shares at March 31, 2025 and December 31, 2024, respectively (52,847) (51,293)
Total stockholders’ equity 244,082 244,715
Total liabilities and stockholders’ equity 313,775 322,955
Class A common stock    
Stockholders’ equity:    
Common stock 11 11
Class B common stock    
Stockholders’ equity:    
Common stock $ 2 $ 2