v3.26.1
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue $ 48,690 $ 63,655
Cost of revenue 11,934 18,048
Gross profit 36,756 45,607
Operating expenses:    
Sales and marketing 9,472 13,756
Research and development 8,044 11,542
General and administrative 8,538 11,621
Depreciation and amortization 5,631 7,995
Divestiture-related expenses 22 1,745
Total operating expenses 31,707 46,659
Income (loss) from operations 5,049 (1,052)
Other income (expense):    
Interest expense, net (4,459) (2,443)
Loss on divestitures of businesses 0 (23,457)
Other expense, net (834) (241)
Total other expense, net (5,293) (26,141)
Loss before benefit from (provision for) income taxes (244) (27,193)
Benefit from (provision for) income taxes (986) 1,345
Net loss (1,230) (25,848)
Preferred stock dividends (1,503) (1,438)
Net loss attributable to common stockholders, basic (2,733) (27,286)
Net loss attributable to common stockholders, diluted $ (2,733) $ (27,286)
Net loss per common share:    
Net loss per common share, basic (in dollars per share) $ (0.09) $ (0.97)
Net loss per common share, diluted (in dollars per share) $ (0.09) $ (0.97)
Weighted-average common shares outstanding, basic (in shares) 29,159,015 28,220,936
Weighted-average common shares outstanding, diluted (in shares) 29,159,015 28,220,936
Total product revenue    
Revenue $ 47,386 $ 61,790
Subscription and support    
Revenue 46,091 60,182
Cost of revenue 11,112 16,950
Perpetual license    
Revenue 1,295 1,608
Professional services    
Revenue 1,304 1,865
Cost of revenue $ 822 $ 1,098