v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 52,046 $ 65,594
Accounts receivable and contract assets, net 96,094 103,252
Other receivables 3,358 3,801
Prepaid expenses and other assets 5,331 5,336
Total current assets 156,829 177,983
Long-term assets:    
Property and equipment, net 2,466 2,596
Right-of-use assets under operating leases, net 5,062 6,341
Intangible assets, net 9,916 11,371
Goodwill 159,429 159,429
Capitalized software development costs, net 33,867 33,341
Other long-term assets, net 1,504 1,650
Total assets 369,073 392,711
Current liabilities:    
Accounts payable 4,445 3,689
Accrued liabilities:    
Accrued compensation 6,442 5,494
Accrued expenses 8,378 7,175
Partner Share liability 28,759 32,479
Consumer Incentive liability 31,800 45,513
Short-term debt 45,936 45,863
Deferred revenue 2,608 2,154
Current operating lease liabilities 1,658 2,025
Current contingent consideration 1,825 4,563
Total current liabilities 131,851 148,955
Long-term liabilities:    
Convertible senior notes, net 168,009 167,729
Long-term operating lease liabilities 5,123 6,034
Total liabilities 304,983 322,718
Stockholders’ equity:    
Common stock, $0.0001 par value—100,000 shares authorized, 52,175 and 51,257 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively 10 10
Additional paid-in capital 1,376,692 1,366,958
Accumulated Other Comprehensive Income (Loss), Net of Tax 1,246 3,601
Accumulated deficit (1,313,858) (1,300,576)
Total stockholders’ equity 64,090 69,993
Total liabilities and stockholders’ equity $ 369,073 $ 392,711