v3.25.4
RELATED-PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED-PARTY TRANSACTIONS RELATED-PARTY TRANSACTIONS
EQUITY METHOD INVESTMENTS
For the years ended December 31, 2025, and 2024, the Company recognized a nominal amount and $0.2 million of revenue, respectively, related to license fees from the Spiegel Venture.
For the years ended December 31, 2025, and 2024, the Company also recorded zero in cost of revenues pertaining to the revenue share arrangement with Nebula for subscription sales of certain bundled packages. When incurred, these revenue share costs are recorded within cost of revenues in the Consolidated Statements of Operations.
As of December 31, 2025, and 2024, the impacts of the arrangements with Spiegel Venture on the Company’s consolidated balance sheets were as follows:
As of December 31,
(in thousands)20252024
  
Accounts receivable$101 $248 
Accounts payable4 — 
Accrued expenses and other liabilities58 
For the years ended December 31, 2025, and 2024, the impacts of arrangements with the Spiegel Venture on the Company’s consolidated statements of operations were as follows:
Year Ended December 31,
(in thousands)20252024
Revenues$12 $219 
Cost of revenues41 64 
OPERATING LEASE
The Company sublets a portion of its office space to Hendricks Investment Holdings, LLC, which is considered a related party as it is managed by various members of the Board. The Company accounts for the arrangement as an operating lease. Refer to Note 12 - Leases for further information.