v3.25.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 78,656 $ 275,983
Short-term investments 0 77,705
Accounts receivable, net of allowance for credit losses of $1,219 and $907 respectively 68,099 79,039
Related party receivables 5,103 2,900
Prepaid taxes 7,125 6,443
Prepaid expenses and other current assets 15,519 13,547
Total current assets 174,502 455,617
Non-current assets:    
Property and equipment, net 4,127 4,621
Goodwill 515,510 973,398
Intangible assets, net 789,200 808,732
Operating lease right-of-use assets 14,766 15,907
Deferred tax assets 5,095 5,097
Other non-current assets 2,920 3,115
Total non-current assets 1,331,618 1,810,870
Total assets 1,506,120 2,266,487
Current liabilities:    
Accounts payable 8,949 10,639
Related party payables 15,229 4,795
Contract liabilities 54,441 44,825
Operating lease liabilities 5,202 5,186
Accrued expenses and other current liabilities 23,237 29,328
Accrued compensation expenses 16,019 18,093
Income taxes payable 59,780 6,701
Convertible debt 0 415,690
Total current liabilities 182,857 535,257
Non-current liabilities:    
Operating lease liabilities 13,614 15,107
Other liabilities 5,327 4,913
Related party revolving line of credit 135,000 0
Deferred tax liabilities 112,907 139,356
Total non-current liabilities 266,848 159,376
Total liabilities 449,705 694,633
Stockholders’ equity:    
Common stock, $0.001 par value: 250,000,000 shares authorized: 71,485,181 shares issued at March 31, 2025; 71,460,169 shares outstanding at December 31,2024 71 71
Additional paid-in capital 1,630,744 1,626,785
Retained deficit (599,325) (75,937)
Accumulated other comprehensive income 24,925 20,935
Total stockholders' equity 1,056,415 1,571,854
Total liabilities and stockholders' equity $ 1,506,120 $ 2,266,487