Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Income Statement [Abstract]        
Net revenue $ 48,921 $ 57,648 $ 162,323 $ 179,695
Operating expenses:        
Cost of revenue [1] 9,181 13,629 32,047 43,971
Selling and marketing 8,790 14,186 45,138 40,463
Research and development 14,428 14,814 44,297 42,702
General and administrative 8,582 12,056 26,772 35,262
Depreciation and amortization 9,342 9,576 28,884 28,743
Restructuring and related 9,167 1,253 18,608 2,648
Goodwill impairment 9,200 0 9,200 0
Total operating costs and expenses 68,690 65,514 204,946 193,789
Loss from operations (19,769) (7,866) (42,623) (14,094)
Other income (expense), net:        
Change in fair value of contingent consideration 8,008 (1,866) 8,308 (2,022)
Interest income, net 775 917 2,131 2,769
Other loss, net (23) (9) (683) (748)
Total other income (loss), net 8,760 (958) 9,756 (1)
Loss before income taxes (11,009) (8,824) (32,867) (14,095)
Income tax expense (30) (294) (2,122) (851)
Net loss $ (11,039) $ (9,118) $ (34,989) $ (14,946)
Net loss per share attributable to Class A and Class B common stockholders:        
Basic (USD per share) $ (0.92) $ (0.73) $ (2.79) $ (1.19)
Diluted (USD per share) $ (0.92) $ (0.73) $ (2.79) $ (1.19)
Weighted average shares of common stock outstanding:        
Basic (in shares) 12,044 12,570 12,521 12,547
Diluted (in shares) 12,044 12,570 12,521 12,547
[1] Amounts exclude depreciation and amortization.