ACCRUED LIABILITIES

6 Months Ended

Jun. 30, 2026

NOTE. 6 ACCRUED LIABILITIES

Accrued liabilities is composed of the following (in thousands):


	June 30,		December 31,
	2026		2025
Customer advances and deferred income	$	5,322	$	6,094
Compensation, benefit and other employee related	14,422		11,028
Employee withholding taxes payable	48,269		817
Operating lease liability	2,793		3,313
Tax liabilities	568		1,943
Accrued legal and professional services	20,982		9,713
Accrued leasehold improvements in progress	—		2,478
Accrued issuance costs	2,353		1,741
License payable, current portion	4,607		4,607
Accrued interest	2,630		—
Other (primarily operating expenses)	7,340		2,624
	$	109,286	$	44,358

As of June 30, 2026 and December 31, 2025, accrued professional services include $16.7 million and $1.9 million related to a contract which allowed for a portion to be settled in equity units contingent upon the completion of the IPO. No equity units were settled as of period end.