v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenue $ 120,163 $ 145,483 $ 214,229 $ 288,766
Cost of revenue 72,745 88,483 123,796 172,307
Gross profit 47,418 57,000 90,433 116,459
Operating expenses:        
Sales and marketing 17,067 24,779 29,699 46,989
General and administrative 21,791 26,032 41,204 51,051
Amortization of intangible assets 8,812 8,816 17,625 17,634
Restructuring and other costs 1,453 3,468 4,633 3,468
Total operating expense 49,123 63,095 93,161 119,142
Loss from operations (1,705) (6,095) (2,728) (2,683)
Other income (expense):        
Interest expense (8,273) (8,091) (15,883) (15,984)
Other income, net 506 6,411 11,791 8,514
Total other expense (7,767) (1,680) (4,092) (7,470)
Loss before benefit for income taxes (9,472) (7,775) (6,820) (10,153)
Benefit for income taxes (909) (391) (1,185) (1,991)
Net loss $ (8,563) $ (7,384) $ (5,635) $ (8,162)
Net income (loss) per share - basic (in dollars per share) $ (3.12) $ (2.77) $ (2.06) $ (3.11)
Net income (loss) per share - diluted (in dollars per share) $ (3.12) $ (2.77) $ (2.06) $ (3.11)
Weighted average common shares outstanding - basic (in shares) 2,748,334 2,665,790 2,731,664 2,626,237
Weighted average common shares outstanding - diluted (in shares) 2,748,334 2,665,790 2,731,664 2,626,237
Other comprehensive income (loss):        
Foreign currency translation adjustments $ (95) $ 121 $ (102) $ (151)
Amortization of dedesignated cash flow hedge 0 (938) (550) (1,944)
Total other comprehensive loss (95) (817) (652) (2,095)
Comprehensive loss $ (8,658) $ (8,201) $ (6,287) $ (10,257)