v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 29,781 $ 29,398
Restricted cash 626 626
Accounts receivable (net of allowance of $64 and $140 at March 31, 2026, and December 31, 2025, respectively) 23,622 25,603
Deferred commissions, current 5,448 5,660
Unbilled receivables 4,125 3,981
Income tax receivable, current 2,789 1,832
Prepaid expenses and other current assets 7,123 8,154
Total current assets 73,514 75,254
Tax credits receivable 841 863
Property and equipment, net 1,672 1,815
Operating lease right-of-use asset 1,552 1,713
Intangible assets, net 55,358 62,317
Goodwill 258,276 259,631
Deferred commissions, noncurrent 7,866 7,865
Interest rate derivatives 105 15
Other assets 3,476 3,704
Total assets 402,660 413,177
Current liabilities:    
Accounts payable 2,291 2,140
Accrued compensation 3,984 4,358
Accrued expenses and other current liabilities 2,324 3,938
Deferred revenue 73,746 74,768
Operating lease liabilities, current 759 817
Current maturities of notes payable (includes unamortized discount of $1,164 and $1,133 at March 31, 2026, and December 31, 2025, respectively) 4,127 7,739
Total current liabilities 87,231 93,760
Notes payable, less current maturities (includes unamortized discount of $4,842 and $4,961 at March 31, 2026, and December 31, 2025, respectively) 223,545 224,667
Deferred revenue, noncurrent 4,692 4,841
Operating lease liabilities, noncurrent 1,849 1,971
Noncurrent deferred tax liability, net 6,631 6,723
Other long-term liabilities 519 505
Total liabilities 324,467 332,467
Mezzanine equity:    
Series A Convertible Preferred stock, $0.0001 par value; 5,000,000 shares authorized; 115,000 shares issued and outstanding as of March 31, 2026, and December 31, 2025, respectively 130,581 129,078
Stockholders’ deficit:    
Common stock, $0.0001 par value; 75,000,000 shares authorized; 29,363,201 and 29,118,178 shares issued and outstanding as of March 31, 2026, and December 31, 2025, respectively 3 3
Additional paid-in capital 606,659 607,275
Accumulated other comprehensive loss (17,312) (15,138)
Accumulated deficit (641,738) (640,508)
Total stockholders’ deficit (52,388) (48,368)
Total liabilities, convertible preferred stock and stockholders’ deficit $ 402,660 $ 413,177