v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 250,976 $ 188,028
Marketable securities 142,507 221,109
Accounts receivable, net of allowances of $2,285 and $2,031 at March 31, 2026 and December 31, 2025, respectively 23,884 25,666
Prepaid expenses and other assets 11,208 11,097
Deferred commissions, current portion 2,917 2,951
Total current assets 431,492 448,851
Property and equipment, net 3,928 4,076
Operating lease right-of-use assets 9,241 9,715
Internal-use software, net 15,513 16,050
Deferred commissions, net of current portion 3,469 3,770
Intangible assets, net 2,883 3,369
Goodwill 8,518 8,518
Deferred tax assets, net 76,067 75,192
Other assets 137 202
Total assets 551,248 569,743
Current liabilities    
Accounts payable 8,365 9,115
Accrued expenses 31,879 36,610
Accrued interest 6,021 12,864
Deferred revenue 10,616 9,731
Operating lease liabilities, current portion 2,247 2,213
Other current liabilities 190 363
Total current liabilities 59,318 70,896
Operating lease liabilities, net of current portion 10,057 10,688
Long-term borrowings, net 545,072 544,780
Other long-term liabilities 20,565 20,580
Total liabilities 635,012 646,944
Commitments and contingencies (Note 8)
Stockholders' deficit    
Preferred Stock, $0.00001 par value; 50,000 shares authorized as of March 31, 2026 and December 31, 2025; no shares issued and outstanding as of March 31, 2026 and December 31, 2025 0 0
Class B treasury stock, 195 shares outstanding as of March 31, 2026 and December 31, 2025 (644) (644)
Additional paid-in capital 0 0
Accumulated deficit (83,091) (76,590)
Accumulated other comprehensive income (loss) (30) 32
Total stockholders' deficit (83,764) (77,201)
Total liabilities and stockholders' deficit 551,248 569,743
Common Class A    
Stockholders' deficit    
Common stock 1 1
Common Class B    
Stockholders' deficit    
Common stock $ 0 $ 0