Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net loss $ (34,989) $ (14,946)
Adjustments:    
Depreciation and amortization 28,884 28,743
Stock-based compensation expense 6,779 11,896
Change in fair value of contingent consideration (8,308) 2,022
Goodwill impairment 9,200 0
Asset impairments 6,832 0
Deferred income tax benefit 128 (156)
Other 1,575 1,299
Changes in operating assets and liabilities    
Receivables, net 4,466 2,871
Prepaid expenses and other current assets (103) (1,108)
Income tax receivable 1,266 233
Accounts payable & accrued liabilities 1,408 (8,271)
Other 244 18
Net cash provided by operating activities 17,382 22,601
Cash flows from investing activities:    
Purchase of property and equipment (716) (837)
Additions to internal-use software (10,301) (11,526)
Other (325) (313)
Net cash used in investing activities (11,342) (12,676)
Cash flows from financing activities:    
Proceeds from stock option exercises 0 122
Payments for tax withholding of stock-based compensation (593) (1,932)
Payment of minimum guarantee liabilities (8,391) (9,206)
Repurchases of treasury stock (5,795) (3,499)
Other (100) 0
Net cash used in financing activities (14,879) (14,515)
Foreign currency translation (231) 1,141
Net change in cash, cash equivalents, and restricted cash (9,070) (3,449)
Cash, cash equivalents, and restricted cash at beginning of period 105,555 110,386
Cash, cash equivalents, and restricted cash at end of period 96,485 106,937
Supplemental cash flow disclosures:    
Interest paid 82 123
Income taxes paid, net of refunds 1,747 1,176
Non-cash investing and financing activities:    
Capitalization of stock-based compensation 312 447
Additions to intangible assets related to licensing agreements 0 2,610
Right-of-use assets acquired under operating leases $ 595 $ 654