v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net income $ 3,263 $ 12,187
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 13,394 13,278
Change in fair value of warrant liability (390) 0
Change in tax receivable agreement liability (333) 2,773
Amortization of right-of -use lease assets 2,477 3,769
Asset impairment charges 7,777 0
Stock-based compensation 7,776 9,221
Loss contingency 2,324 0
Gain on lease termination 0 (109)
Provision for credit losses 4,377 38
Changes in operating assets and liabilities:    
Accounts receivable (8,936) 1,060
Prepaid expenses and other current assets (1,097) (1,516)
Other assets (1,552) 1,032
Accounts payable and accrued expenses 582 996
Deferred revenue 66 (485)
Operating lease liabilities (3,540) (5,568)
Net cash provided by operating activities 26,188 36,676
Cash flows from investing activities    
Capitalized software and expenditures (12,685) (11,637)
Net cash used in investing activities (12,685) (11,637)
Cash flows from financing activities    
Distributions to non-controlling interests (1,916) (7,682)
Taxes paid related to net share settlement of equity awards (3) (4)
Proceeds from repayment of related party note 273 379
Tax receivable agreement payment (1,422) (116)
Net cash used in financing activities (3,068) (7,423)
Net increase in cash 10,435 17,616
Cash – beginning of year 51,966 34,350
Cash – end of year 62,401 51,966
Supplemental disclosure of cash flow information    
Cash paid for income taxes 149 52
Supplemental disclosures of noncash investing and financing activities    
Stock-based compensation capitalized for software development 711 1,066
Capitalized assets included in accounts payable and accrued expenses 1,347 881
Remeasurement of the lease liabilities and right-of-use assets due to lease modification $ 0 $ 3,015