v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash flows provided by (used in) operating activities:              
Net loss $ (7,452) $ (192,354) $ (9,265) $ (155,093) $ (199,806) $ (164,358)  
Adjustments to reconcile net loss to net cash provided by operating activities:              
Depreciation and amortization         2,074 1,459  
Amortization of intangible assets         24,953 26,696  
Amortization of deferred contract costs         7,439 7,935  
Equity-based compensation         10,474 14,299  
Amortization of debt issuance costs         340 249  
Recovery of doubtful accounts receivable         (192) (321)  
Loss on partial extinguishment of debt 0   0   0 507  
Non-cash restructuring charges         183 192  
Goodwill impairment charges 0 197,200 0 176,500 197,219 176,531 $ 196,064
Tax Receivable Agreement remeasurement         (6,585) (17,763)  
Changes in fair value of contingent consideration         0 (690)  
Deferred income taxes         (4,002) (10,609)  
Changes in operating assets and liabilities:              
Accounts receivable         21,223 15,874  
Prepaid expenses and other assets         (949) (4,230)  
Deferred contract costs         (5,787) (6,259)  
Accounts payable, accrued expenses and other liabilities         (13,537) (12,145)  
Deferred revenue         (10,027) 8,003  
Net cash provided by operating activities         23,020 35,370  
Cash flows (used in) provided by investing activities:              
Purchases of property, equipment, and data assets         (6,144) (9,999)  
Purchases of short-term investments         (12,500) (64,065)  
Maturities of short-term investments         17,326 147,447  
Net cash (used in) provided by investing activities         (1,318) 73,383  
Cash flows (used in) provided by financing activities:              
Repayments of term loan         (4,375) (248,438)  
Proceeds from term loan         0 175,000  
Payments of debt issuance costs         0 (1,660)  
Taxes paid related to net share settlement of equity awards         (1,446) (2,483)  
Repurchases of Class A common stock         0 (40,231)  
Payments under Tax Receivable Agreement         (8,077) (13,767)  
Member distributions         0 (2,827)  
Net cash used in financing activities         (13,898) (134,406)  
Net increase (decrease) in cash and cash equivalents         7,804 (25,653)  
Effect of exchange rate changes on cash and cash equivalents         (565) 1,259  
Cash and cash equivalents, beginning of period   $ 163,627   $ 105,378 163,627 105,378 105,378
Cash and cash equivalents, end of period $ 170,866   $ 80,984   170,866 80,984 $ 163,627
Supplemental cash flow disclosures:              
Interest         4,918 5,201  
Income taxes, net of refunds received         200 32  
Supplemental disclosure of non-cash investing activities:              
Capital expenditures included in accounts payable and accrued expenses and other liabilities         $ 2,926 $ 4,947