v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 260,255 $ 230,517
Restricted cash (includes related party amounts of $0 and $72, respectively) 7,464 6,868
Marketable securities 138,704 164,947
Accounts receivable, net of allowance for doubtful accounts of $440 and $440 (includes related party amounts of $0 and $100, respectively) 27,253 83,041
Unbilled and other receivables, net of allowance for unbilled receivables of $140 and $140 20,930 21,352
Prepaid expenses 9,353 12,540
Total current assets 463,959 519,265
Property and equipment, net 20,447 19,456
Equity investments 39,826 73,647
Goodwill 4,791 4,791
Right of use assets - operating leases 100,198 102,736
Other assets 4,966 6,265
Total assets 634,187 726,160
Current liabilities:    
Accounts payable 11,945 11,452
Accrued payroll, taxes, and benefits 24,776 39,264
Deferred revenue 103,111 112,853
Lease liabilities - operating leases 16,013 16,412
Other accrued liabilities 13,697 9,155
Total current liabilities 169,542 189,136
Deferred revenue, long-term 59,019 78,877
Lease liabilities - operating leases, long-term 90,943 92,816
Other liabilities, long-term 1,135 1,278
Total liabilities 320,639 362,107
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, $0.01 par value. Authorized 10,000,000 shares; zero shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 1,001,662 992,015
Accumulated deficit (688,832) (628,806)
Accumulated other comprehensive (loss) income (28) 107
Total stockholders' equity 313,548 364,053
Total liabilities and stockholders' equity 634,187 726,160
Common Stock    
Stockholders' equity:    
Common stock 654 645
Limited common stock    
Stockholders' equity:    
Common stock $ 92 $ 92