v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 72,919 $ 4,938
Stablecoins 1,481 222
Accounts receivable 3,713 5,141
Prepaid expenses 2,172 2,996
Income tax receivable 0 3,401
Loans receivable, net 85,164 80,584
Other current assets 2,528 1,995
Total current assets 167,977 99,277
OTHER ASSETS    
Fixed assets, net 435 458
Digital assets 48,229 156,447
Software assets, net 4,064 4,565
Definite and indefinite-lived intangible assets, net 4,799 4,928
Deferred tax assets 3,650 13
Other long-term assets 1,340 1,074
Total other assets 62,517 167,485
TOTAL ASSETS 230,494 266,762
CURRENT LIABILITIES    
Accounts payable 1,811 1,176
Accrued liabilities 2,391 2,210
Payroll liabilities 4,071 3,975
Income tax payable 3,554 0
Total current liabilities 11,827 7,361
LONG-TERM LIABILITIES    
Deferred tax liability 0 11,991
Total long-term liabilities 0 11,991
Total liabilities 11,827 19,352
STOCKHOLDERS' EQUITY    
Preferred stock $0.000001 par value, 5,000,000 shares authorized, no shares issued and outstanding 0 0
ADDITIONAL PAID IN CAPITAL 130,290 126,995
ACCUMULATED OTHER COMPREHENSIVE LOSS (2,023) (2,124)
RETAINED EARNINGS 90,400 122,539
Total stockholders' equity 218,667 247,410
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 230,494 266,762
Class A Shares    
STOCKHOLDERS' EQUITY    
Common stock value 0 0
Class B Shares    
STOCKHOLDERS' EQUITY    
Common stock value $ 0 $ 0