v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 46,169 $ 36,161
Marketable securities 20,562 20,843
Accounts receivable, net 31,142 32,153
Accounts receivable - unbilled 5,661 6,845
Prepaid and other current assets 26,687 23,654
Total current assets 130,221 119,656
Property and equipment, net 10,169 10,661
Capitalized software development, net 46,638 45,581
Operating lease right of use assets, net 13,818 15,272
Goodwill 212,727 217,518
Intangibles, net 59,970 64,930
Other assets 48,056 46,756
Total assets 521,599 520,374
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Accounts payable 6,823 7,769
Accrued royalties 5,114 5,595
Accrued liabilities 11,797 11,166
Accrued compensation 5,919 11,199
Deferred revenue 92,983 88,417
Total current liabilities 122,636 124,146
Deferred tax liabilities 21,952 18,246
Deferred revenue, noncurrent 1,452 1,344
Operating lease liability, noncurrent 13,429 14,684
Other long-term liabilities 5,525 7,931
Commitments and contingencies
Shareholders’ equity:    
Preferred Stock, no par value, 10,000 shares authorized, no shares issued or outstanding 0 0
Common stock, no par value, 75,000 shares authorized; 29,240 and 29,579 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 224,384 231,797
Retained earnings 134,111 123,587
Accumulated other comprehensive loss (1,890) (1,361)
Total shareholders’ equity 356,605 354,023
Total liabilities and shareholders’ equity $ 521,599 $ 520,374