v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 252,563 $ 231,485
Restricted cash, current 101 201
Marketable securities 105,256 127,259
Accounts receivable, net 97,139 95,891
Prepaid expenses and other current assets 30,527 25,469
Deferred contract costs, current 48,046 43,908
Total current assets 533,632 524,213
Property and equipment, net 6,395 6,694
Capitalized software, net 28,773 28,964
Operating lease right-of-use assets 8,697 9,040
Restricted cash, non-current 904 183
Deferred contract costs, non-current 27,089 28,010
Intangible assets, net 2,031 2,448
Goodwill 12,646 12,646
Strategic investments 8,500 0
Other assets 5,920 5,500
Total assets 634,587 617,698
Current liabilities:    
Accounts payable 12,887 8,198
Accrued expenses and other current liabilities 49,344 32,126
Content costs payable 28,214 33,175
Accrued compensation and benefits 20,982 27,958
Operating lease liabilities, current 4,870 4,541
Deferred revenue, current 299,857 294,071
Total current liabilities 416,154 400,069
Operating lease liabilities, non-current 4,851 5,686
Deferred revenue, non-current 1,136 1,248
Other liabilities, non-current 268 234
Total liabilities 422,409 407,237
Note 8 – Commitments and contingencies
Stockholders' equity:    
Common stock, $0.00001 par value - 950,000,000 shares authorized; 145,937,121 and 145,050,642 shares issued and outstanding as of March 31, 2026, and December 31, 2025, respectively. 1 1
Additional paid-in capital 1,025,943 1,011,477
Accumulated other comprehensive income 27 162
Accumulated deficit (813,793) (801,179)
Total stockholders’ equity 212,178 210,461
Total liabilities and stockholders' equity $ 634,587 $ 617,698