v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash $ 42.0 $ 29.3
Restricted cash 1.3
Accounts receivable, net 43.9 65.4
Inventory 18.5 28.0
Prepaid expenses and other current assets 46.8 36.0
Corporate tax and other current taxes receivable 5.5 1.2
Total current assets 158.0 159.9
Property and equipment, net 60.5 56.4
Software development costs, net 22.7 22.4
Other acquired intangible assets subject to amortization, net 14.0 16.1
Goodwill 62.1 57.8
Finance lease right of use asset 21.7 18.7
Operating lease right of use asset 7.8 16.2
Costs of obtaining and fulfilling customer contracts, net 12.1 11.0
Deferred tax 65.3 67.4
Other assets 15.7 12.5
Total assets 439.9 438.4
Current liabilities    
Accounts payable and accrued expenses 42.7 53.7
Corporate tax and other current taxes payable 9.1 12.3
Deferred revenue, current 7.1 5.8
Operating lease liabilities 2.9 5.1
Current portion of long-term debt 18.8
Current portion of finance lease liabilities 4.3 4.4
Other current liabilities 4.7 3.9
Total current liabilities 70.8 104.0
Long-term debt 345.2 292.2
Finance lease liabilities, net of current portion 13.8 18.6
Deferred revenue, net of current portion 19.1 12.8
Operating lease liabilities 6.1 11.7
Other long-term liabilities 1.1 2.4
Total liabilities 456.1 441.7
Commitments and contingencies
Stockholders’ deficit    
Preferred stock; $0.0001 par value; 1,000,000 shares authorized, no shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively
Common stock; $0.0001 par value; 49,000,000 shares authorized; 26,873,509 shares and 26,581,972 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively
Additional paid in capital 394.9 389.9
Accumulated other comprehensive income 47.8 48.3
Accumulated deficit (458.9) (441.5)
Total stockholders’ deficit (16.2) (3.3)
Total liabilities and stockholders’ deficit $ 439.9 $ 438.4