v3.25.2
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 116,410 $ 111,251
Accounts receivable, net of allowance of $3,652 and $3,101 151,752 95,225
Prepaid expenses and other current assets 40,544 49,482
Total current assets 308,706 255,958
Property and equipment, net 63,291 66,400
Right-of-use assets 12,861 13,956
Intangible assets, net 238,037 248,477
Goodwill 575,249 569,668
Deferred tax assets, net 77,079 70,982
Other assets 101,228 83,715
Total assets 1,376,451 1,309,156
Current liabilities:    
Accounts payable 15,987 9,221
Accrued expenses 121,451 126,643
Contributor royalties payable 93,026 81,076
Deferred revenue 226,719 225,489
Debt 158,108 158,106
Other current liabilities 19,012 24,751
Total current liabilities 634,303 625,286
Deferred tax liability, net 1,933 2,174
Long-term debt 118,119 119,598
Lease liabilities 20,806 23,365
Other non-current liabilities 15,127 20,383
Total liabilities 790,288 790,806
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000 shares authorized; 40,808 and 40,395 shares issued and 35,287 and 34,874 shares outstanding as of June 30, 2025 and December 31, 2024, respectively 407 403
Treasury stock, at cost; 5,521 shares as of June 30, 2025 and December 31, 2024 (269,804) (269,804)
Additional paid-in capital 496,883 468,390
Accumulated other comprehensive loss (2,529) (16,841)
Retained earnings 361,206 336,202
Total stockholders’ equity 586,163 518,350
Total liabilities and stockholders’ equity $ 1,376,451 $ 1,309,156