v3.25.2
Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 61,732 $ 275,983
Short-term investments 0 77,705
Accounts receivable, net of allowance for credit losses of $1,872 and $907 respectively 78,039 79,039
Related party receivables 6,826 2,900
Prepaid taxes 7,140 6,443
Prepaid expenses and other current assets 14,609 13,547
Total current assets 168,346 455,617
Non-current assets:    
Property and equipment, net 3,695 4,621
Goodwill 134,978 973,398
Intangible assets, net 767,896 808,732
Operating lease right-of-use assets 13,696 15,907
Deferred tax assets 5,118 5,097
Other non-current assets 2,790 3,115
Total non-current assets 928,173 1,810,870
Total assets 1,096,519 2,266,487
Current liabilities:    
Accounts payable 10,186 10,639
Related party payables 18,679 4,795
Contract liabilities 61,504 44,825
Operating lease liabilities 5,240 5,186
Accrued expenses and other current liabilities 22,060 29,328
Accrued compensation expenses 20,923 18,093
Income taxes payable 36,478 6,701
Convertible debt 0 415,690
Total current liabilities 175,070 535,257
Non-current liabilities:    
Operating lease liabilities 12,366 15,107
Other liabilities 5,326 4,913
Related party revolving line of credit 120,000 0
Deferred tax liabilities 115,076 139,356
Total non-current liabilities 252,768 159,376
Total liabilities 427,838 694,633
Stockholders’ equity:    
Common stock, $0.001 par value: 250,000,000 shares authorized: 71,489,000 shares issued at June 30, 2025; 71,460,169 shares outstanding at December 31,2024 71 71
Additional paid-in capital 1,634,904 1,626,785
Retained deficit (997,987) (75,937)
Accumulated other comprehensive income 31,693 20,935
Total stockholders' equity 668,681 1,571,854
Total liabilities and stockholders' equity $ 1,096,519 $ 2,266,487