v3.26.1
Condensed Consolidated Balance Sheets (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 6,504 $ 87,045
Accounts receivable, net of allowance of zero and $15, at June 30, 2026, and December 31, 2025, respectively 69,651 67,946
Prepaid expenses 8,985 5,104
Deferred charges 4,683 4,669
Other current assets 3,175 1,274
Total current assets 92,998 166,038
Restricted cash 605 605
Property and equipment, net 785 1,152
Capitalized software development costs, net 17,242 12,993
Intangible assets, net 65,844 65,844
Goodwill 275,703 275,703
Equity method investment and loan receivable, net 3,829 1,676
Right-of-use assets 3,264 4,723
Other assets 2,568 2,297
Total assets 462,838 531,031
Current Liabilities    
Accounts payable 3,108 1,672
Accrued expenses and other current liabilities 36,447 38,966
Current maturities of long-term debt 20,000 20,000
Deferred revenue 24,918 24,285
Total current liabilities 84,473 84,923
Long-term debt, net 366,320 375,859
Lease liability 1,912 2,574
Deferred tax liability 1,391 1,391
Other non-current liabilities 20,480 19,278
Total liabilities 474,576 484,025
Commitments and Contingencies (Note 14)
Stockholders’ (Deficit) Equity    
Preferred stock, par value $0.0001; 100,000,000 shares authorized; none issued and outstanding at June 30, 2026, and December 31, 2025, respectively 0 0
Common stock, par value $0.0001; 1,000,000,000 shares authorized; 173,825,392 and 185,034,502 shares outstanding and issued at June 30, 2026, and December 31, 2025, respectively 17 18
Additional paid-in capital 40,813 144,049
Accumulated deficit (52,568) (97,061)
Total stockholders’ (deficit) equity (11,738) 47,006
Total liabilities and stockholders’ (deficit) equity $ 462,838 $ 531,031