v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net loss $ (72,923) $ (41,398)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 18,951 41,043
Stock-based compensation 2,619 7,193
Impairment of long-lived assets 37,733 0
Amortization of debt issuance costs 1,677 1,816
Noncash lease expense 789 971
Deferred tax benefits (440) (984)
Share-based compensation liabilities 0 1,646
Other, net 17 122
Changes in operating assets and liabilities:    
Accounts receivable 16,310 (7,302)
Prepaid expenses and other current assets (3,522) (2,234)
Accounts payable (6,876) 18,048
Accrued expenses and other current liabilities (22,780) (9,860)
Other non-current liabilities 276 (518)
Net cash (used in) provided by operating activities (28,169) 8,543
Cash Flows from Investing Activities    
Capitalized software development costs (3,540) (2,786)
Other, net 0 (321)
Net cash used in investing activities (3,540) (3,107)
Cash Flows from Financing Activities    
Repayment of term loan (15,000) (10,000)
Proceeds from private placement of Class A common stock 0 2,250
Other, net (237) (344)
Net cash used in financing activities (15,237) (8,094)
Effect of exchange rate changes in cash, cash equivalent and restricted cash (200) (21)
Net decrease in cash, cash equivalents and restricted cash (47,146) (2,679)
Cash, cash equivalents and restricted cash, beginning of the period 88,509 67,948
Cash, cash equivalents and restricted cash, end of the period 41,363 65,269
Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets:    
Cash and cash equivalents 40,484 63,648
Restricted cash 879 1,621
Total cash, cash equivalents and restricted cash 41,363 65,269
Supplemental cash flow information:    
Cash (refunds) paid for income taxes, net (91) 56
Cash paid for interest 12,584 10,828
Stock-based compensation included in capitalized software development costs 321 365
Right-of-use assets obtained in exchange for operating lease obligations $ 0 $ 1,700