v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash $ 22.0 $ 42.0
Restricted cash 1.2 1.3
Accounts receivable, net 38.0 43.9
Inventory 17.7 18.5
Prepaid expenses and other current assets 39.3 46.8
Corporate tax and other current taxes receivable 6.8 5.5
Total current assets 125.0 158.0
Property and equipment, net 56.3 60.5
Software development costs, net 20.9 22.7
Other acquired intangible assets subject to amortization, net 12.9 14.0
Goodwill 61.2 62.1
Finance lease right of use asset 18.8 21.7
Operating lease right of use asset 7.0 7.8
Costs of obtaining and fulfilling customer contracts, net 11.5 12.1
Deferred tax 64.5 65.3
Other assets 14.8 15.7
Total assets 392.9 439.9
Current liabilities:    
Accounts payable and accrued expenses 31.8 42.7
Corporate tax and other current taxes payable 4.4 9.1
Deferred revenue, current 8.0 7.1
Operating lease liabilities 2.3 2.9
Current portion of finance lease liabilities 4.4 4.3
Other current liabilities 4.2 4.7
Total current liabilities 55.1 70.8
Long-term debt 319.4 345.2
Finance lease liabilities, net of current portion 11.3 13.8
Deferred revenue, net of current portion 15.7 19.1
Operating lease liabilities 5.8 6.1
Other long-term liabilities 1.2 1.1
Total liabilities 408.5 456.1
Commitments and contingencies
Stockholders’ deficit    
Preferred stock; $0.0001 par value; 1,000,000 shares authorized, no shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively.
Common stock; $0.0001 par value; 49,000,000 shares authorized; 26,355,360 shares and 26,873,509 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively
Additional paid in capital 397.8 394.9
Accumulated other comprehensive income 51.0 47.8
Accumulated deficit (464.4) (458.9)
Total stockholders’ deficit (15.6) (16.2)
Total liabilities and stockholders’ deficit $ 392.9 $ 439.9