v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 230,340 $ 198,240
Accounts receivable, net of allowances of $2,458 and $726 as of June 30, 2025 and December 31, 2024, respectively 19,661 23,159
Contract assets and unbilled receivable, net 21,928 26,645
Other current assets 10,093 7,476
Total current assets 282,022 255,520
Restricted cash equivalents, non-current 936 676
Right-of-use assets 4,420 4,692
Property and equipment, net 1,070 1,239
Goodwill 101,210 101,704
Intangible assets, net 159,880 174,943
Deferred tax asset 4 4
Contract assets and unbilled receivable, non-current, net 23,631 12,879
Other non-current assets 6,321 2,296
Total assets 579,494 553,953
Current liabilities:    
Accounts payable 10,151 5,559
Accrued liabilities 18,993 26,291
Operating lease liabilities 2,076 1,898
Finance lease liabilities 38 49
Income tax liability 2,966 2,750
Deferred revenue 23,715 23,876
Other current liabilities 351 7,319
Total current liabilities 58,290 67,742
Operating lease liabilities, net of current portion 2,274 2,403
Deferred revenue, net of current portion 6,132 6,862
Contingent acquisition liabilities (Note 16) 142,113 286,898
Income tax liability, net of current portion 3,082 3,075
Other non-current liabilities 7,844 4,320
Total liabilities 219,735 371,300
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Series A Preferred Stock, $0.0001 par value; 1,000,000 shares authorized; 0 and 0 shares issued and outstanding, aggregate liquidation preference of $0 and $0 as of June 30, 2025 and December 31, 2024, respectively 0 0
Additional paid-in capital 1,247,394 1,125,470
Accumulated deficit (887,852) (943,060)
Accumulated other comprehensive income 178 205
Total stockholders’ equity 359,759 182,653
Total liabilities and stockholders’ equity 579,494 553,953
Class A Common Stock    
Stockholders’ equity:    
Common stock 36 35
Class B Common Stock    
Stockholders’ equity:    
Common stock $ 3 $ 3