v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 287,853 $ 230,517
Restricted cash (includes related party amounts of $63 and $72, respectively) 5,063 6,868
Marketable securities 125,886 164,947
Accounts receivable, net of allowance for doubtful accounts of $265 and $440 (includes related party amounts of $5,000 and $100, respectively) 21,391 83,041
Unbilled and other receivables, net of allowance for unbilled receivables of $140 and $140 19,733 21,352
Prepaid expenses 10,549 12,540
Total current assets 470,475 519,265
Property and equipment, net 19,459 19,456
Equity investments 39,052 73,647
Goodwill 4,791 4,791
Right of use assets - operating leases 100,911 102,736
Other assets 5,706 6,265
Total assets 640,394 726,160
Current liabilities:    
Accounts payable 10,320 11,452
Accrued payroll, taxes, and benefits 31,607 39,264
Deferred revenue (includes related party amounts of $4,148 and $84, respectively) 104,773 112,853
Lease liabilities - operating leases 16,480 16,412
Other accrued liabilities 10,665 9,155
Total current liabilities 173,845 189,136
Deferred revenue, long-term 45,152 78,877
Lease liabilities - operating leases, long-term 91,502 92,816
Other liabilities, long-term 939 1,278
Total liabilities 311,438 362,107
Commitments and contingencies (Note 5)
Stockholders' equity:    
Preferred stock, $0.01 par value. Authorized 10,000,000 shares; zero shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 0 0
Additional paid-in capital 1,011,119 992,015
Accumulated deficit (682,857) (628,806)
Accumulated other comprehensive (loss) income (54) 107
Total stockholders' equity 328,956 364,053
Total liabilities and stockholders' equity 640,394 726,160
Common Stock    
Stockholders' equity:    
Common stock 656 645
Limited common stock    
Stockholders' equity:    
Common stock $ 92 $ 92