v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (16,276) $ (6,284)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,999 1,900
Non-cash stock-based compensation expense 1,168 2,035
Loss on sale of assets 0 137
Net losses on investment securities 40 43
Equity in earnings from equity-method investments (388) (2)
Non-cash interest expense 0 647
Non-cash lease expense 4,590 4,883
Change in fair value of the derivative embedded within convertible debt 0 746
Provision for credit losses 867 1,180
Changes in assets and liabilities:    
Receivables (4,437) (7,694)
Income taxes payable, net (1,152) 81
Contract assets, net (4,870) (2,430)
Operating lease liabilities (5,080) (5,592)
Accounts payable 11,642 10,869
Other assets and liabilities (7,110) (3,505)
Accrued salaries and benefits (7,879) (5,032)
Contract liabilities 7,544 2,401
Net cash used in operating activities (19,342) (5,617)
Cash flows from investing activities:    
Proceeds from sale or liquidation of long-term investments 28 78
Proceeds from sale or liquidation of short-term investments 0 54,416
Purchase of short-term investments 0 (44,612)
Purchase of long-term investments (60) (67)
Capital expenditures (259) (1,034)
Purchase of subsidiaries (100) 0
Net cash (used in) provided by investing activities (391) 8,781
Net (decrease) increase in cash, cash equivalents and restricted cash (19,733) 3,164
Cash, cash equivalents and restricted cash, beginning of period 122,709 142,221
Cash, cash equivalents and restricted cash, end of period $ 102,976 $ 145,385