Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS

v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 95,856 $ 104,935
Receivables, net 19,436 22,818
Prepaid expenses and other current assets 4,912 7,018
Total current assets 120,204 134,771
Property and equipment, net 11,210 13,426
Operating lease right-of-use assets 4,349 7,533
Intangible assets and internal-use software, net 54,089 76,430
Goodwill 43,022 52,222
Deferred income taxes 4,013 4,140
Other long-term assets 1,759 2,096
Total non-current assets 118,442 155,847
Total assets 238,646 290,618
Current liabilities:    
Accounts payable 6,209 7,808
Operating lease liabilities, current 2,779 3,656
Minimum guarantee liability, current 6,415 9,469
Contingent consideration, current 0 5,561
Accrued and other current liabilities 20,691 16,684
Total current liabilities 36,094 43,178
Operating lease liabilities, noncurrent 1,677 4,070
Minimum guarantee liability, noncurrent 6,000 12,000
Contingent consideration, noncurrent 0 2,747
Deferred income taxes 618 617
Other long-term liabilities 0 140
Total non-current liabilities 8,295 19,574
Total liabilities 44,389 62,752
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.0001 par value (100,000 shares authorized, no shares issued and outstanding as of September 30, 2026 and December 31, 2025) 0 0
Additional paid-in capital 347,314 340,816
Accumulated deficit (94,952) (59,963)
Accumulated other comprehensive income 2,483 1,806
Treasury stock, at cost, 3,094 and 2,174 shares at September 30, 2026 and December 31, 2025, respectively (60,589) (54,794)
Total stockholders’ equity 194,257 227,866
Total liabilities and stockholders’ equity 238,646 290,618
Class A common stock    
Stockholders’ equity:    
Common stock 1 1
Class B common stock    
Stockholders’ equity:    
Common stock $ 0 $ 0