Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED BALANCE SHEETS

v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 104,935 $ 109,179
Receivables, net 22,818 30,767
Prepaid expenses and other current assets 7,018 7,156
Total current assets 134,771 147,102
Property and equipment, net 13,426 16,118
Operating lease right-of-use assets 7,533 9,703
Intangibles assets and internal-use software, net 76,430 90,996
Goodwill 52,222 52,222
Other long-term assets 6,236 6,814
Total non-current assets 155,847 175,853
Total assets 290,618 322,955
Current liabilities:    
Accounts payable 1,493 1,518
Operating lease liabilities, current 3,656 3,405
Contingent consideration, current 5,561 0
Accrued and other current liabilities 32,468 44,495
Total current liabilities 43,178 49,418
Minimum guarantee liability 12,000 18,000
Operating lease liabilities, noncurrent 4,070 6,659
Contingent consideration, noncurrent 2,747 3,340
Other long-term liabilities 757 823
Total non-current liabilities 19,574 28,822
Total liabilities 62,752 78,240
Commitments and contingencies (Note 17)
Stockholders’ equity:    
Preferred stock, $0.0001 par value (100,000 shares authorized, 0 shares issued and outstanding as of December 31, 2025 and December 31, 2024) 0 0
Additional paid-in capital 340,802 327,951
Accumulated deficit (59,963) (31,324)
Accumulated other comprehensive income (loss) 1,806 (632)
Treasury stock, at cost, 21,739 and 19,450 shares at December 31, 2025 and December 31, 2024, respectively (54,792) (51,293)
Total stockholders’ equity 227,866 244,715
Total liabilities and stockholders’ equity 290,618 322,955
Class A Common Stock    
Stockholders’ equity:    
Common stock 11 11
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 2 $ 2