v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 28,039 $ 48,719
Accounts receivable and contract assets, net 67,644 82,458
Other receivables 2,855 2,474
Prepaid expenses and other assets 2,533 3,213
Current assets of discontinued operations 0 415
Total current assets 101,071 137,279
Long-term assets:    
Property and equipment, net 1,617 1,931
Right-of-use assets under operating leases, net 4,096 4,723
Goodwill 110,305 110,305
Capitalized software development costs, net 16,577 19,005
Other long-term assets, net 1,119 1,235
Noncurrent assets of discontinued operations 0 11,163
Total assets 234,785 285,641
Current liabilities:    
Accounts payable 1,245 2,655
Accrued liabilities:    
Accrued compensation 4,828 6,038
Accrued expenses 12,320 7,125
Partner Share liability 18,503 24,792
Consumer Incentive liability 21,812 32,144
Deferred revenue and other liabilities 2,194 2,541
Current operating lease liabilities 1,448 1,438
Current liabilities of discontinued operations 0 1,657
Total current liabilities 62,350 78,390
Long-term liabilities:    
Convertible senior notes, net 169,411 168,850
Lines of credit 15,000 40,070
Long-term operating lease liabilities 4,028 4,748
Long-term liabilities of discontinued operations 0 91
Total liabilities 250,789 292,149
Stockholders’ deficit:    
Common stock, $0.0001 par value—10,000 shares authorized and 5,808 and 5,451 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively.(1) [1] 10 10
Additional paid-in capital 1,408,082 1,399,542
Accumulated Other Comprehensive Income (Loss), Net of Tax (676) (1,996)
Accumulated deficit (1,423,420) (1,404,064)
Total stockholders’ deficit (16,004) (6,508)
Total liabilities and stockholders’ deficit $ 234,785 $ 285,641
[1] The number of shares of common stock has been adjusted for the prior period presented to reflect the one-for-ten reverse stock split effected on June 5, 2026. See Note 2 -Significant Accounting Policies and Recent Accounting Standards for more information.