Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 103,677 $ 104,935
Receivables, net 22,852 22,818
Prepaid expenses and other current assets 7,328 7,018
Total current assets 133,857 134,771
Property and equipment, net 12,434 13,426
Operating lease right-of-use assets 6,292 7,533
Intangible assets and internal-use software, net 71,643 76,430
Goodwill 52,222 52,222
Deferred income taxes 4,090 4,140
Other long-term assets 1,887 2,096
Total non-current assets 148,568 155,847
Total assets 282,425 290,618
Current liabilities:    
Accounts payable 11,104 7,808
Operating lease liabilities, current 3,685 3,656
Minimum guarantee liability, current 8,419 9,469
Contingent consideration, current 2,535 5,561
Accrued and other current liabilities 18,309 16,684
Total current liabilities 44,052 43,178
Operating lease liabilities, noncurrent 3,220 4,070
Minimum guarantee liability, noncurrent 12,000 12,000
Contingent consideration, noncurrent 2,993 2,747
Deferred income taxes 776 617
Other long-term liabilities 58 140
Total non-current liabilities 19,047 19,574
Total liabilities 63,099 62,752
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Preferred stock, $0.0001 par value (100,000 shares authorized, no shares issued and outstanding as of March 31, 2026 and December 31, 2025) 0 0
Additional paid-in capital 342,945 340,802
Accumulated deficit (70,639) (59,963)
Accumulated other comprehensive income 1,799 1,806
Treasury stock, at cost, 21,739 and 21,739 shares at March 31, 2026 and December 31, 2025, respectively (54,792) (54,792)
Total stockholders’ equity 219,326 227,866
Total liabilities and stockholders’ equity 282,425 290,618
Class A common stock    
Stockholders’ equity:    
Common stock 11 11
Class B common stock    
Stockholders’ equity:    
Common stock $ 2 $ 2