v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenues [1],[2] $ 79,246 $ 89,389 $ 164,568 $ 175,098
Cost of revenues [1],[2],[3],[4],[5] 50,982 53,099 103,970 104,846
Selling and marketing [3],[4],[5] 14,778 16,663 30,434 31,466
Research and development [3],[4],[5] 7,154 7,804 14,940 15,922
General and administrative [3],[4],[5] 14,998 12,872 27,778 25,347
Amortization of intangible assets 632 632 1,264 1,264
Loss on divestiture of business, net 2,682 0 2,682 0
Total expenses from operations 91,226 91,070 181,068 178,845
Loss from operations (11,980) (1,681) (16,500) (3,747)
Gain (loss) from foreign currency transactions 520 (3,803) 1,760 (5,546)
Other income, net 417 0 417 0
Interest expense, net (1,021) (1,553) (2,771) (3,311)
Loss on extinguishment of debt (3,608) 0 (3,970) 0
Loss before income taxes (15,672) (7,037) (21,064) (12,604)
Income tax benefit (provision) 887 (2,455) 31 (881)
Net loss (14,785) (9,492) (21,033) (13,485)
Net loss available to common stockholders:        
Net loss (14,785) (9,492) (21,033) (13,485)
Convertible redeemable preferred stock dividends [1],[2] 0 (4,494) 0 (8,933)
Total net loss available to common stockholders $ (14,785) $ (13,986) $ (21,033) $ (22,418)
Net loss per common share:        
Basic (in dollars per share) $ (0.97) $ (2.73) $ (1.38) $ (4.41)
Diluted (in dollars per share) $ (0.97) $ (2.73) $ (1.38) $ (4.41)
Weighted-average number of shares used in per share calculation - Common Stock:        
Basic (in shares) 15,241,209 5,114,830 15,190,902 5,078,069
Diluted (in shares) 15,241,209 5,114,830 15,190,902 5,078,069
Comprehensive loss:        
Net loss $ (14,785) $ (9,492) $ (21,033) $ (13,485)
Other comprehensive (loss) income:        
Foreign currency cumulative translation adjustment (548) 5,276 (2,489) 7,915
Total comprehensive loss $ (15,333) $ (4,216) $ (23,522) $ (5,570)
[1]
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Revenues$501 $2,285 $1,002 $4,889 
Cost of revenues2,665 5,435 5,443 11,201 
Convertible redeemable preferred stock dividends— (4,494)— (8,933)
[2]
(1) Transactions with related parties are included in the line items above as follows. Refer to Footnote 10, Related Party Transactions.
[3]
(2) Excludes amortization of intangible assets, which is presented as a separate line item.
(3) Stock-based compensation (benefit) expense is included in the line items above as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Cost of revenues$(144)$399 $70 $561 
Selling and marketing(40)383 131 507 
Research and development(91)239 36 336 
General and administrative186 727 499 1,082 
Total stock-based compensation (benefit) expense$(89)$1,748 $736 $2,486 
[4]
(2) Excludes amortization of intangible assets, which is presented as a separate line item.
[5]
(3) Stock-based compensation (benefit) expense is included in the line items above as follows: