v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 34,326 $ 38,648
Accounts receivable (net of allowance for doubtful accounts of $910 as at March 31, 2025 and $1,039 as at December 31, 2024) 36,455 48,944
Prepaid expenses and other current assets 17,248 13,294
Total current assets 88,029 100,886
Property and equipment, net 5,023 6,195
Right-of-use assets 23,914 28,562
Capitalized software costs, net 22,950 22,653
Intangible assets, net 12,387 11,751
Goodwill 43,304 43,304
Prepaid expenses and other assets 7,642 8,047
Total assets 203,249 221,398
Current liabilities    
Accounts payable 7,314 14,251
Accrued expenses 22,212 18,881
Deferred revenue 2,729 555
Accrued compensation 13,546 11,668
Current lease liabilities 21,423 22,084
Current debt 23,690 25,518
Other current liabilities 5,182 3,879
Total current liabilities 96,096 96,836
Noncurrent lease liabilities 9,929 15,138
Warrant liabilities 543 1,778
Other liabilities 389 704
Total liabilities 106,957 114,456
Commitments and contingencies
Stockholders’ equity    
Additional paid-in capital 731,734 730,369
Accumulated deficit (634,535) (621,864)
Accumulated other comprehensive loss (3,407) (3,735)
Total BuzzFeed, Inc. stockholders’ equity 93,796 104,774
Noncontrolling interests 2,496 2,168
Total stockholders’ equity 96,292 106,942
Total liabilities and stockholders’ equity 203,249 221,398
Common Stock – Class A    
Stockholders’ equity    
Common stock 3 3
Common Stock – Class B    
Stockholders’ equity    
Common stock $ 1 $ 1