v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 10,887 $ 19,655
Short-term investments 90,507 94,942
Accounts receivable, net 27,953 25,622
Insurance recovery receivable related to legal loss (Note 8) 8,131 8,039
Prepaid expenses and other current assets 4,099 4,736
Total current assets 141,577 152,994
Property and equipment, net 7,706 7,583
Operating lease right-of-use assets 4,940 6,121
Other intangible assets, net 116 206
Goodwill 5,898 5,898
Other assets 1,151 837
Total assets 161,388 173,639
Current liabilities:    
Accounts payable 4,235 3,888
Accrued expenses 6,243 6,533
Accrued legal loss (Note 8) 11,500 11,500
Accrued salary and benefits 8,564 10,457
Deferred revenue 4,189 5,382
Operating leases 2,738 2,624
Finance leases 44 44
Total current liabilities 37,513 40,428
Operating leases, non-current 2,828 4,231
Finance leases, non-current 50 72
Other liabilities 838 801
Total liabilities 41,229 45,532
Commitments and contingencies (Note 8)
Stockholders’ equity    
Preferred stock $0.005 par value, 100,000 shares authorized and no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock $0.005 par value, 1,000,000 shares authorized as of June 30, 2026 and December 31, 2025; 64,857 and 63,264 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 325 317
Additional paid-in capital 479,953 469,560
Accumulated other comprehensive (loss) income (41) 32
Accumulated deficit (360,078) (341,802)
Total stockholders’ equity 120,159 128,107
Total liabilities and stockholders’ equity $ 161,388 $ 173,639