v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 162,518 $ 178,244
Accounts receivable, net of allowance of $3,547 and $3,431 103,362 112,626
Prepaid expenses and other current assets 55,366 47,769
Total current assets 321,246 338,639
Property and equipment, net 61,968 62,553
Right-of-use assets 9,003 9,770
Intangible assets, net 203,879 215,673
Goodwill 574,169 574,614
Deferred tax assets, net 68,185 61,289
Other assets 72,748 93,398
Total assets 1,311,198 1,355,936
Current liabilities:    
Accounts payable 13,532 13,898
Accrued expenses 103,626 129,952
Contributor royalties payable 95,375 94,163
Deferred revenue 208,661 212,984
Debt 158,111 158,110
Other current liabilities 49,790 19,295
Total current liabilities 629,095 628,402
Deferred tax liability, net 617 1,134
Long-term debt 115,898 116,639
Lease liabilities 15,338 17,247
Other non-current liabilities 18,172 11,476
Total liabilities 779,120 774,898
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000 shares authorized; 41,076 and 41,049 shares issued and 35,555 and 35,528 shares outstanding as of March 31, 2026 and December 31, 2025, respectively 410 410
Treasury stock, at cost; 5,521 shares as of March 31, 2026 and December 31, 2025 (269,804) (269,804)
Additional paid-in capital 533,004 520,018
Accumulated other comprehensive loss (6,349) (4,754)
Retained earnings 274,817 335,168
Total stockholders’ equity 532,078 581,038
Total liabilities and stockholders’ equity $ 1,311,198 $ 1,355,936