v3.26.1
Prepaid Expenses and Other Current Assets
3 Months Ended
Mar. 31, 2026
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets

6. Prepaid Expenses and Other Current Assets

The following table presents the major components of prepaid expenses and other current assets at March 31, 2026 and December 31, 2025 (in thousands):

 

 

March 31,

 

 

December 31,

 

 

 

2026

 

 

2025

 

Recovery of future customer compensation

 

$

15,046

 

 

$

13,021

 

Prepaid expenses

 

 

11,640

 

 

 

9,807

 

Other current assets

 

 

7,123

 

 

 

3,508

 

Prepaid expenses and other current assets

 

$

33,809

 

 

$

26,336

 

Recovery of future customer compensation represents expected recoveries of compensation to be paid to customers for event cancellations or other service issues related to previously recorded sales transactions. Recovery of future customer compensation costs increased by $2.0 million between March 31, 2026 and December 31, 2025, primarily due to an increase in estimated future event cancellations. A related provision for expected compensation to customers is recorded in Accrued expenses and other current liabilities in the Condensed Consolidated Balance Sheets.