v3.26.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities:    
Net (loss) income $ (3,182) $ 32,151
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 1,083 1,031
Impairment of property and equipment, net 0 380
Stock-based compensation 5,122 5,698
Change in fair value of contingent consideration (60) (1,441)
Deferred taxes 22 1,651
Loss on disposal of property and equipment 586 0
Unrealized gains on foreign currency (14) 0
Other gains (1,092) (1,908)
Noncash lease expense 588 2,545
Changes in operating assets and liabilities:    
Accounts receivable 2,726 (2,192)
Related party receivables and payables 1,631 1,308
Prepaid expenses 3,119 2,764
Other current assets and other assets (85) 419
Deferred contract acquisition costs (11,728) 16,645
Trade and other payables 3,169 (1,374)
Accrued expenses (1,686) (184)
Deferred revenue 18,934 (33,107)
Operating lease liabilities (551) (2,937)
Other current and long-term liabilities 1,764 (1,874)
Net cash provided by operating activities 20,346 19,575
Investing activities:    
Purchases of property and equipment (627) (163)
Capitalized software development costs (992) (398)
Net cash used in investing activities (1,619) (561)
Financing activities:    
Proceeds from issuance of common stock 143 283
Repurchases of stock (370) (1,851)
Restricted stock units withheld to pay taxes (859) (583)
Dividends paid to Class A shareholders (2,329) (2,758)
Repurchase of stock and reduction in related TRA liability as part of legal settlement (12,160) 0
Tax distributions to noncontrolling interests (33,711) (33,759)
Other distributions to noncontrolling interests (6,651) (9,110)
Net cash used in financing activities (55,937) (47,778)
Effect of exchange rate changes on cash (16) 0
Net decrease in cash and cash equivalents (37,226) (28,764)
Cash and cash equivalents — beginning of period 70,140 97,876
Cash and cash equivalents — end of period $ 32,914 $ 69,112