v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net loss $ (28,309) $ (15,448)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 980 937
Amortization of intangible assets 5,569 6,468
Stock-based compensation expense 4,588 7,665
Deferred income taxes (8,657) (5,195)
Asset impairment charges 303 413
Other non-cash items 913 (637)
Changes in operating assets and liabilities:    
Accounts receivable 5,870 14,952
Contract assets – commissions receivable 115,508 83,486
Prepaid expenses and other assets 1,079 (514)
Accounts payable (25,370) (17,627)
Accrued compensation and benefits (26,131) (26,834)
Accrued marketing expenses (13,403) (12,565)
Deferred revenue (2,537) 328
Accrued expenses and other liabilities 407 488
Net cash provided by operating activities 30,810 35,917
Investing activities:    
Capitalized internal-use software and website development costs (4,345) (7,376)
Purchases of property and equipment and other assets (643) (1,893)
Purchases of marketable securities (48,555) (61,878)
Proceeds from redemption and maturities of marketable securities 21,109 66,500
Net cash used in investing activities (32,434) (4,647)
Financing activities:    
Net proceeds from exercise of common stock options and employee stock purchases 102 189
Repurchase of shares to satisfy employee tax withholding obligations (208) (1,826)
Payments of preferred stock dividends (3,083) (2,906)
Net cash used in financing activities (3,189) (4,543)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 309 (4)
Net increase (decrease) in cash, cash equivalents and restricted cash (4,504) 26,723
Cash, cash equivalents and restricted cash at beginning of period 76,815 42,287
Cash, cash equivalents and restricted cash at end of period $ 72,311 $ 69,010