v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 133,208 $ 178,244
Accounts receivable, net of allowance of $3,750 and $3,431 102,264 112,626
Prepaid expenses and other current assets 44,025 47,769
Total current assets 279,497 338,639
Property and equipment, net 61,237 62,553
Right-of-use assets 8,238 9,770
Intangible assets, net 192,073 215,673
Goodwill 400,025 574,614
Deferred tax assets, net 77,221 61,289
Other assets 73,986 93,398
Total assets 1,092,277 1,355,936
Current liabilities:    
Accounts payable 12,982 13,898
Accrued expenses 104,227 129,952
Contributor royalties payable 98,292 94,163
Deferred revenue 198,444 212,984
Debt 158,112 158,110
Other current liabilities 14,719 19,295
Total current liabilities 586,776 628,402
Deferred tax liability, net 1,323 1,134
Long-term debt 115,157 116,639
Lease liabilities 13,518 17,247
Other non-current liabilities 11,843 11,476
Total liabilities 728,617 774,898
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000 shares authorized; 42,328 and 41,049 shares issued and 36,807 and 35,528 shares outstanding as of June 30, 2026 and December 31, 2025, respectively 422 410
Treasury stock, at cost; 5,521 shares as of June 30, 2026 and December 31, 2025 (269,804) (269,804)
Additional paid-in capital 536,627 520,018
Accumulated other comprehensive loss (9,249) (4,754)
Retained earnings 105,664 335,168
Total stockholders’ equity 363,660 581,038
Total liabilities and stockholders’ equity $ 1,092,277 $ 1,355,936