v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 129,739 $ 188,028
Marketable securities 44,069 221,109
Accounts receivable, net of allowances of $2,230 and $2,031 at June 30, 2026 and December 31, 2025, respectively 26,409 25,666
Prepaid expenses and other assets 12,524 11,097
Deferred commissions, current portion 2,822 2,951
Total current assets 215,563 448,851
Property and equipment, net 3,870 4,076
Operating lease right-of-use assets 8,758 9,715
Deferred commissions, net of current portion 3,177 3,770
Goodwill 8,518 8,518
Deferred tax assets, net 59,304 75,192
Other assets 4,712 202
Total assets 321,326 569,743
Current liabilities    
Accounts payable 15,665 9,115
Accrued expenses 36,132 36,610
Accrued interest 5,889 12,864
Deferred revenue 11,103 9,731
Operating lease liabilities, current portion 2,223 2,213
Other current liabilities 35 363
Total current liabilities 71,047 70,896
Operating lease liabilities, net of current portion 9,500 10,688
Long-term borrowings, net 253,269 544,780
Other long-term liabilities 21,323 20,580
Total liabilities 355,139 646,944
Commitments and contingencies (Note 8)
Stockholders' deficit    
Preferred Stock, $0.00001 par value; 50,000 shares authorized as of June 30, 2026 and December 31, 2025; no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Class B treasury stock, 195 shares outstanding as of June 30, 2026 and December 31, 2025 (644) (644)
Additional paid-in capital 6,497 0
Accumulated deficit (39,666) (76,590)
Accumulated other comprehensive income (loss) (1) 32
Total stockholders' deficit (33,813) (77,201)
Total liabilities and stockholders' deficit 321,326 569,743
Internal-use software, net    
Current assets    
Intangible assets, net 15,032 16,050
Intangible assets, net    
Current assets    
Intangible assets, net 2,392 3,369
Common Class A    
Stockholders' deficit    
Common stock 1 1
Common Class B    
Stockholders' deficit    
Common stock $ 0 $ 0