v3.26.1
Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 3,670 $ (11,648)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation and amortization expense 4,174 4,910
Amortization of content assets 2,669 5,018
Provision for inventory 829 559
Change in fair value of warrant liabilities (328) (869)
Equity-based compensation 2,403 3,741
Amortization of debt issuance costs 364 1,119
Paid-in-kind interest expense 0 218
Loss on debt extinguishment 0 2,166
Change in lease assets 400 523
Changes in operating assets and liabilities:    
Inventory (3,990) 4,340
Content assets (1,829) (1,290)
Prepaid expenses 1,828 4,348
Other assets 1,361 18,497
Accounts payable 1,531 (4,647)
Accrued expenses (5,309) (4,906)
Deferred revenue (8,946) (12,360)
Other liabilities (3,109) (3,139)
Net cash (used in) provided by operating activities (4,282) 6,580
Cash flows from investing activities:    
Purchase of property and equipment (1,444) (2,511)
Net cash used in investing activities (1,444) (2,511)
Cash flows from financing activities:    
Proceeds from exercise of stock options 98 47
Debt borrowings 0 25,000
Debt repayments 0 (22,582)
Proceeds from issuance of common shares in the Employee Stock Purchase Plan 95 78
Tax withholding payments for vesting of restricted stock (408) (215)
Payment of debt issuance costs (425) (1,543)
Net cash (used in) provided by financing activities (640) 785
Effect of exchange rates on cash, cash equivalents, and restricted cash (262) 520
Net (decrease) increase in cash, cash equivalents, and restricted cash (6,628) 5,374
Cash, cash equivalents and restricted cash, beginning of period 39,017 20,187
Cash, cash equivalents, and restricted cash, end of period 32,389 25,561
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest 1,656 900
Cash received during the year for US Federal income taxes 0 (324)
Cash paid during the year for Texas GMT income taxes 69 73
Supplemental disclosure of noncash investing activities:    
Property and equipment acquired but not yet paid for 302 481
Supplemental disclosure of noncash financing activities:    
Debt issuance costs, accrued but not paid 0 238
UNITED KINGDOM    
Supplemental disclosure of cash flow information:    
Cash (received) paid during the year (4) 16
CANADA    
Supplemental disclosure of cash flow information:    
Cash (received) paid during the year 11 19
Other jurisdictions    
Supplemental disclosure of cash flow information:    
Cash (received) paid during the year $ 14 $ 21