v3.25.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 33,705 $ 56,426
Restricted cash 626 626
Accounts receivable (net of allowance of $214 and $446 at March 31, 2025, and December 31, 2024, respectively) 26,079 38,647
Deferred commissions, current 7,215 8,361
Unbilled receivables 4,957 3,441
Income tax receivable, current 392 762
Prepaid expenses and other current assets 11,191 10,129
Total current assets 84,165 118,392
Tax credits receivable 871 951
Property and equipment, net 1,664 1,518
Operating lease right-of-use asset 2,306 1,364
Intangible assets, net 91,212 123,903
Goodwill 260,058 260,976
Deferred commissions, noncurrent 9,720 12,147
Interest rate swap assets 6,376 9,742
Other assets 600 529
Total assets 456,972 529,522
Current liabilities:    
Accounts payable 1,936 9,388
Accrued compensation 6,532 6,226
Accrued expenses and other current liabilities 5,710 6,876
Deferred revenue 82,988 93,706
Operating lease liabilities, current 886 1,000
Current maturities of notes payable (includes unamortized discount of $2,168 and $2,176 at March 31, 2025, and December 31, 2024, respectively) 3,232 3,224
Total current liabilities 101,284 120,420
Notes payable, less current maturities (includes unamortized discount of $750 and $1,280 at March 31, 2025, and December 31, 2024, respectively) 253,274 286,970
Deferred revenue, noncurrent 4,762 4,670
Operating lease liabilities, noncurrent 2,027 762
Noncurrent deferred tax liability, net 8,326 11,347
Other long-term liabilities 454 428
Total liabilities 370,127 424,597
Temporary Equity [Abstract]    
Series A Convertible Preferred stock, $0.0001 par value; 5,000,000 shares authorized; 115,000 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively 124,668 123,230
Stockholders’ equity (deficit):    
Common stock, $0.0001 par value; 75,000,000 shares authorized; 28,484,279 and 28,168,267 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively 3 3
Additional paid-in capital 606,029 605,286
Accumulated other comprehensive loss (16,403) (21,990)
Accumulated deficit (627,452) (601,604)
Total stockholders’ equity (deficit) (37,823) (18,305)
Total liabilities, convertible preferred stock and stockholders’ equity (deficit) $ 456,972 $ 529,522