v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 6,838 $ 10,007
Accounts receivable, less allowance for doubtful accounts of $787 and $1,222 as of June 30, 2026 and December 31, 2025, respectively 14,543 10,723
Prepaid income taxes 1,827 1,364
Prepaid expenses and other 2,064 1,302
Total current assets 25,272 23,396
Deposits and other 193 166
Deferred tax assets 4,744 4,202
Restricted cash 754 756
Operating lease right-of-use assets 4,334 4,047
Property and equipment, net 132 231
Intangible assets, net 1,450 1,450
Goodwill 10,944 10,944
Total assets 47,823 45,192
Current liabilities:    
Accounts payable 8,474 7,761
Merchant payables 10,723 11,665
Accrued expenses and other 5,544 3,926
Deferred revenue 12,737 8,728
Income tax payable 71 279
Operating lease liabilities 2,026 1,811
Total current liabilities 39,575 34,170
Long-term tax liabilities 10,770 9,260
Long-term operating lease liabilities 4,074 4,184
Total liabilities 54,419 47,614
Stockholders’ equity (deficit):    
Preferred stock, $0.01 par value per share ( 5,000 shares authorized; none issued) Common stock, $0.01 par value (20,000 shares authorized; 10,232 shares issued and outstanding as of June 30, 2026, 10,932 shares issued and outstanding as of December 31, 2025) 102 109
Additional paid-in capital 0 0
Tax indemnification (9,537) (9,537)
Retained earnings 3,105 7,243
Accumulated other comprehensive loss (5,410) (5,331)
Total Travelzoo stockholders’ equity (deficit) (11,740) (7,516)
Non-controlling interest 5,144 5,094
Total stockholders’ equity (deficit) (6,596) (2,422)
Total liabilities and stockholders’ equity $ 47,823 $ 45,192