v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 46,745 $ 65,594
Accounts receivable and contract assets, net 93,189 103,252
Other receivables 3,431 3,801
Prepaid expenses and other assets 7,035 5,336
Total current assets 150,400 177,983
Long-term assets:    
Property and equipment, net 2,389 2,596
Right-of-use assets under operating leases, net 4,633 6,341
Intangible assets, net 8,462 11,371
Goodwill 159,429 159,429
Capitalized software development costs, net 34,415 33,341
Other long-term assets, net 1,406 1,650
Total assets 361,134 392,711
Current liabilities:    
Accounts payable 1,945 3,689
Accrued liabilities:    
Accrued compensation 7,244 5,494
Accrued expenses 6,457 7,175
Partner Share liability 27,196 32,479
Consumer Incentive liability 35,996 45,513
Short-term debt 46,009 45,863
Deferred revenue 3,103 2,154
Current operating lease liabilities 1,199 2,025
Current contingent consideration 0 4,563
Total current liabilities 129,149 148,955
Long-term liabilities:    
Convertible senior notes, net 168,289 167,729
Long-term operating lease liabilities 4,915 6,034
Long-term deferred revenue 75 0
Total liabilities 302,428 322,718
Stockholders’ equity:    
Common stock, $0.0001 par value—100,000 shares authorized, 52,994 and 51,257 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 10 10
Additional paid-in capital 1,385,465 1,366,958
Accumulated Other Comprehensive Income (Loss), Net of Tax (3,628) 3,601
Accumulated deficit (1,323,141) (1,300,576)
Total stockholders’ equity 58,706 69,993
Total liabilities and stockholders’ equity $ 361,134 $ 392,711