Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (10,676) $ (2,880)
Adjustments:    
Depreciation and amortization 9,833 9,632
Stock-based compensation expense 2,384 4,258
Change in fair value of contingent consideration (2,780) 325
Asset impairments 133 0
Deferred income tax benefit 209 215
Other 823 558
Changes in operating assets and liabilities    
Receivables, net 321 1,092
Prepaid expenses and other current assets (923) (1,730)
Income tax receivable (46) 100
Accounts payable & accrued liabilities 4,409 (8,379)
Other 31 109
Net cash provided by operating activities 3,718 3,300
Cash flows from investing activities:    
Purchase of property and equipment (66) (118)
Additions to internal-use software (4,006) (3,461)
Other (46) (30)
Net cash used in investing activities (4,118) (3,609)
Cash flows from financing activities:    
Proceeds from stock option exercises 0 122
Payments for tax withholding of stock-based compensation (378) (740)
Payment of minimum guarantee liabilities (347) (284)
Repurchases of treasury stock 0 (1,554)
Net cash used in financing activities (725) (2,456)
Foreign currency translation (130) 84
Net change in cash, cash equivalents, and restricted cash (1,255) (2,681)
Cash, cash equivalents, and restricted cash at beginning of period 105,555 110,386
Cash, cash equivalents, and restricted cash at end of period 104,300 107,705
Supplemental cash flow disclosures:    
Interest paid 41 41
Income taxes paid, net of refunds 616 549
Non-cash investing and financing activities:    
Capitalization of stock-based compensation 137 116
Additions to intangible assets related to licensing agreements $ 0 $ 834