v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 8 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Dec. 31, 2025
Cash flows from operating activities:        
Net (loss) income $ (11,650) $ 16,239    
Adjustments to reconcile net (loss) income to net cash used in operating activities:        
Depreciation and amortization 66 220    
Non-cash lease expense 0 266    
Share-based compensation expense 2,805 3,343    
Gain on lease assignment 0 (1,755)    
Gain from change in fair value of warrant liability (4,700) (32,247)    
Loss on equity method investment 221 0    
Change in fair value of derivative asset 517 0    
Changes in operating assets and liabilities:        
Accounts receivable 1,500 (3,593)    
Prepaid insurance 1,082 1,435    
Accounts payable and accrued liabilities (2,123) (1,810)    
Unsettled crypto trades (1,850) 0    
Due to related party 0 (150)    
Deferred revenue (769) (362)    
Operating lease liabilities (471) (1,803)    
Customer funds payable 2,731 (76,563)    
Assets and liabilities of businesses held for sale 0 (3,457)    
Other assets and liabilities 548 (1,044)    
Net cash used in operating activities (12,093) (101,281)    
Cash flows from investing activities:        
Capitalized internal-use software development costs and other capital expenditures (728) (130)    
Cash received from partial settlement of derivative arrangement 2,677 0    
Purchase of investments (14) 0    
Net cash used in investing activities 1,935 (130)    
Cash flows from financing activities:        
Proceeds from the exercise of warrants     $ 400  
Withholding tax payments on net share settlements on equity awards (280) (906)    
Proceeds from Equity offerings 69,602 0    
Cash paid for Equity offerings (2,541) 0    
Proceeds from borrowings on revolving credit facility 0 5,000    
Net cash provided by financing activities 66,781 4,095    
Effect of exchange rate changes 94 29    
Net increase (decrease) in cash, cash equivalents, restricted cash, customer funds and deposits 56,717 (97,287)    
Cash, cash equivalents, restricted cash, customer funds and deposits at the beginning of the period 44,902 153,746    
Cash, cash equivalents, restricted cash, customer funds and deposits at the end of the period 101,619 56,459 101,619  
Reconciliation of cash, cash equivalents, restricted cash, customer funds and deposits to consolidated balance sheets:        
Cash and cash equivalents 79,984 23,010 79,984 $ 26,962
Restricted cash 2,576 19,754 2,576 575
Customer funds 17,393 12,003 17,393  
Deposits (Note 6) 1,666 1,692 1,666  
Total cash, cash equivalents, restricted cash, customer funds and deposits 101,619 56,459 $ 101,619 $ 44,902
Non Pre-Funded Warrants        
Cash flows from financing activities:        
Proceeds from the exercise of warrants $ 0 $ 1