v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 11,474 $ 17,064
Accounts receivable, less allowance for doubtful accounts of $1,754 and $1,612 as of March 31, 2025 and December 31, 2024, respectively 12,387 12,825
Prepaid income taxes 799 736
Prepaid expenses and other 1,665 1,148
Total current assets 26,325 31,773
Deposits and other 279 374
Deferred tax assets 3,426 3,380
Restricted cash 753 675
Operating lease right-of-use assets 5,605 5,655
Property and equipment, net 399 423
Intangible assets, net 1,471 1,498
Goodwill 10,944 10,944
Total assets 49,202 54,722
Current liabilities:    
Accounts payable 6,054 6,162
Merchant payables 14,833 16,294
Accrued expenses and other 4,464 3,404
Deferred revenue 7,838 6,545
Income tax payable 709 1,619
Operating lease liabilities 2,690 2,472
Total current liabilities 36,588 36,496
Long-term tax liabilities 8,508 7,851
Long-term operating lease liabilities 5,251 5,646
Other long-term liabilities 0 376
Total liabilities 50,347 50,369
Stockholders’ equity (deficit):    
Preferred stock, $0.01 par value per share ( 5,000 shares authorized; none issued) Common stock, $0.01 par value (20,000 shares authorized; 11,245 shares issued and outstanding as of March 31, 2025, 11,836 shares issued and outstanding as of December 31, 2024) 112 118
Additional paid in capital 0 0
Tax indemnification (9,537) (9,537)
Retained earnings 8,819 14,284
Accumulated other comprehensive loss (5,447) (5,327)
Total Travelzoo stockholders’ equity (deficit) (6,053) (462)
Non-controlling interest 4,908 4,815
Total stockholders’ equity (deficit) (1,145) 4,353
Total liabilities and stockholders’ equity (deficit) $ 49,202 $ 54,722