v3.26.1
Condensed Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 164,596 $ 186,612
Accounts receivable, less allowances of $1,409 and $2,494, respectively 183,052 208,709
Prepaid expenses and other current assets 13,353 12,604
Total current assets 361,001 407,925
Property and equipment, less accumulated depreciation of $3,712 and $3,029, respectively 23,212 23,434
Capitalized software development costs, less accumulated amortization of $26,279 and $24,165, respectively 26,482 24,193
Equity investment 4,531 4,531
Deferred tax assets, net 53,892 54,850
Operating lease assets 9,843 9,901
Other long-term assets 961 1,077
Total assets 479,922 525,911
Current liabilities:    
Accounts payable 7,237 10,840
Due to third-party publishers 106,293 107,601
Accrued expenses 19,754 19,614
Other current liabilities 1,557 1,249
Total current liabilities 200,923 207,760
Long-term liabilities:    
Operating lease liabilities, long-term 25,319 25,501
Unrecognized tax benefits, long-term 4,701 4,999
Total liabilities 230,943 238,260
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 100,000,000 shares authorized and zero shares issued and outstanding as of March 31, 2026, and December 31, 2025 0 0
Treasury stock, value (312,719) (267,575)
Additional paid-in capital 708,891 692,097
Accumulated deficit (147,193) (136,871)
Total stockholders' equity 248,979 287,651
Total liabilities and stockholders' equity 479,922 525,911
Common Class A    
Stockholders’ equity:    
Common stock, value, issued 0 0
Common Class B    
Stockholders’ equity:    
Common stock, value, issued 0 0
Deferred revenue    
Current liabilities:    
Deferred revenue 2,701 2,935
User redemption liability 2,701 2,935
User redemption liability    
Current liabilities:    
Deferred revenue 63,381 65,521
User redemption liability $ 63,381 $ 65,521