v3.25.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets    
Cash and cash equivalents $ 255,868 $ 59,152
Accounts receivable, net of allowance of $93 and $39, at March 31, 2025, and December 31, 2024, respectively 53,235 49,599
Prepaid expenses 6,166 2,747
Deferred charges 3,987 3,807
Other current assets 458 1,679
Total current assets 319,714 116,984
Restricted cash 605 605
Property and equipment, net 1,559 1,667
Capitalized software development costs, net 8,686 8,750
Intangible assets, net 67,608 69,872
Goodwill 275,703 275,703
Deferred tax assets 1,242 1,242
Right-of-use assets 3,039 3,053
Other assets 1,289 1,214
Total assets 679,445 479,090
Current Liabilities    
Accounts payable 2,186 3,261
Accrued expenses and other current liabilities 37,750 29,578
Current maturities of long-term debt, net 15,000 15,000
Deferred revenue 20,848 19,970
Total current liabilities 75,784 67,809
Long-term debt, net 272,021 275,580
Warrant liability 0 252,178
Lease liability 744 963
Other non-current liabilities 11,080 14,130
Total liabilities 359,629 610,660
Commitments and Contingencies (Note 14)
Stockholders’ Equity (Deficit)    
Preferred stock, par value $0.0001; $100,000,000 shares authorized; none issued and outstanding at March 31, 2025, and December 31, 2024, respectively 0 0
Common stock, par value $0.0001; $1,000,000,000 shares authorized; $201,936,383 and $178,567,403 shares issued at March 31, 2025, and December 31, 2024, respectively; $200,237,600 and $177,193,667 outstanding at March 31, 2025, and December 31, 2024, respectively 20 18
Treasury stock (19,810) (14,295)
Additional paid-in capital 504,399 74,519
Accumulated deficit (164,793) (191,812)
Total stockholders’ equity (deficit) 319,816 (131,570)
Total liabilities and stockholders’ equity (deficit) $ 679,445 $ 479,090