Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (23,950) $ (5,828)
Adjustments:    
Depreciation and amortization 19,542 19,167
Stock-based compensation expense 4,738 8,866
Change in fair value of contingent consideration (300) 156
Asset impairments 133 0
Deferred income tax benefit 109 (125)
Other 2,178 956
Changes in operating assets and liabilities    
Receivables, net 1,696 1,603
Prepaid expenses and other current assets (581) (2,181)
Income tax receivable 1,638 234
Accounts payable & accrued liabilities 3,952 (6,387)
Other 201 481
Net cash provided by operating activities 9,356 16,942
Cash flows from investing activities:    
Purchase of property and equipment (271) (530)
Additions to internal-use software (7,624) (7,459)
Other (70) (41)
Net cash used in investing activities (7,965) (8,030)
Cash flows from financing activities:    
Proceeds from stock option exercises 0 122
Payments for tax withholding of stock-based compensation (533) (1,553)
Payment of minimum guarantee liabilities (1,397) (2,080)
Repurchases of treasury stock (1,557) (3,450)
Net cash used in financing activities (3,487) (6,961)
Foreign currency translation (164) 1,136
Net change in cash, cash equivalents, and restricted cash (2,260) 3,087
Cash, cash equivalents, and restricted cash at beginning of period 105,555 110,386
Cash, cash equivalents, and restricted cash at end of period 103,295 113,473
Supplemental cash flow disclosures:    
Interest paid 82 82
Income taxes paid, net of refunds 884 526
Non-cash investing and financing activities:    
Capitalization of stock-based compensation 242 286
Additions to property and equipment included in accounts payable and other long-term liabilities 0 52
Additions to intangible assets related to licensing agreements 0 1,735
Right-of-use assets acquired under operating leases $ 0 $ 654