v3.25.4
Consolidated Statements of Comprehensive Income (Loss) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Net Revenues $ 390,300 $ 362,275 $ 339,337
Cost of revenues      
Direct cost of revenues 230,593 209,747 202,256
Network, other costs 23,032 28,164 33,044
Network, depreciation and amortization 42,721 41,335 37,370
Total cost of revenues 296,346 279,246 272,670
Gross profit 93,954 83,029 66,667
Expenses:      
Sales and marketing 48,381 59,382 67,806
Technical operations and development 17,813 18,627 19,217
General and administrative 42,875 37,068 33,406
Gain on disposition of property and equipment (5,882) 0 0
Depreciation and amortization 3,526 4,285 9,890
Charges 0 10,954 0
Impairment of property and equipment 10,724 17,726 0
Total expenses 117,437 148,042 130,319
Loss from operations (23,483) (65,013) (63,652)
Other income (expenses):      
Interest expense, net (55,274) (51,275) (41,771)
Loss on debt extinguishment 0 0 (14,680)
Other income, net 11,447 14,414 17,033
Total other income (expenses) (43,827) (36,861) (39,418)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest (67,310) (101,874) (103,070)
Provision (recovery) for income taxes 8,509 7,986 (6,873)
Net income (loss) (75,819) (109,860) (96,197)
Other comprehensive income (loss), net of tax      
Unrealized income (loss) on hedging activities (89) (2,681) 1,830
Net amount reclassified to earnings 996 (11) (886)
Other comprehensive income (loss) net of tax expense (recovery) of $288, ($858) and $299 for the years ended December 31, 2025, 2024 and 2023, respectively. 907 (2,692) 944
Comprehensive loss, for the period $ (74,912) $ (112,552) $ (95,253)
Basic and diluted loss per common share (in dollars per share) $ (6.85) $ (10.02) $ (8.85)
Shares used in computing basic and diluted loss per common share (in shares) 11,065,708 10,967,581 10,864,086