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

CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities:    
Net loss $ (28,639) $ (28,687)
Adjustments:    
Depreciation and amortization 38,360 45,440
Amortization of loan costs 174 164
Stock-based compensation expense 14,143 18,113
Change in fair value of warrant liabilities (156) (856)
Change in fair value of contingent consideration 4,968 85
Asset impairments and write-downs 0 9,228
Deferred income tax benefit (710) (1,593)
Other 1,332 980
Changes in operating assets and liabilities    
Receivables, net 4,235 3,687
Prepaid expenses and other current assets (822) 1,269
Income tax receivable 691 1,283
Accounts payable & accrued liabilities (8,149) 651
Other 913 (4,024)
Net cash provided by operating activities 26,340 45,740
Cash flows from investing activities:    
Payment for business combination 0 (3,400)
Purchase of property and equipment (968) (3,980)
Additions to internal-use software (15,525) (18,624)
Other (409) (290)
Net cash used in investing activities (16,902) (26,294)
Cash flows from financing activities:    
Proceeds from stock option exercises 122 287
Repurchases of treasury stock (3,499) (31,200)
Payments for minimum guarantee obligations (9,547) (8,295)
Payments for tax withholding of stock-based compensation (1,983) (2,705)
Net cash used in financing activities (14,907) (41,913)
Foreign currency translation 1,240 (638)
Net change in cash, cash equivalents, and restricted cash (4,229) (23,105)
Cash, cash equivalents, and restricted cash at beginning of period 109,784 132,889
Cash, cash equivalents, and restricted cash at end of period 105,555 109,784
Supplemental cash flow disclosures:    
Interest paid 791 165
Income taxes paid, net of (refunds) 1,554 1,638
Non-cash investing and financing activities:    
Capitalization of stock-based compensation 565 1,308
Additions to intangible assets related to licensing agreements 3,469 7,943
Lease modifications 654 2,769
Right-of-use assets acquired under operating leases 0 1,007
Contingent and deferred consideration related to business combination $ 0 $ 3,355