v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 31,044 $ 29,398
Restricted cash 626 626
Accounts receivable (net of allowance of $80 and $140 at June 30, 2026, and December 31, 2025, respectively) 19,850 25,603
Deferred commissions, current 5,339 5,660
Unbilled receivables 3,723 3,981
Income tax receivable, current 3,871 1,832
Prepaid expenses and other current assets 5,657 8,154
Total current assets 70,110 75,254
Tax credits receivable 969 863
Property and equipment, net 1,550 1,815
Operating lease right-of-use asset 1,400 1,713
Intangible assets, net 48,814 62,317
Goodwill 222,693 259,631
Deferred commissions, noncurrent 7,573 7,865
Interest rate derivatives 120 15
Other assets 3,337 3,704
Total assets 356,566 413,177
Current liabilities:    
Accounts payable 2,457 2,140
Accrued compensation 4,064 4,358
Accrued expenses and other current liabilities 2,829 3,938
Deferred revenue 66,102 74,768
Operating lease liabilities, current 646 817
Current maturities of notes payable (includes unamortized discount of $1,162 and $1,133 at June 30, 2026, and December 31, 2025, respectively) 4,120 7,739
Total current liabilities 80,218 93,760
Notes payable, less current maturities (includes unamortized discount of $4,571 and $4,961 at June 30, 2026, and December 31, 2025, respectively) 219,723 224,667
Deferred revenue, noncurrent 5,510 4,841
Operating lease liabilities, noncurrent 1,769 1,971
Noncurrent deferred tax liability, net 6,378 6,723
Other long-term liabilities 619 505
Total liabilities 314,217 332,467
Mezzanine equity:    
Series A Convertible Preferred stock, $0.0001 par value; 5,000,000 shares authorized; 115,000 shares issued and outstanding as of June 30, 2026, and December 31, 2025, respectively 132,102 129,078
Stockholders’ deficit:    
Common stock, $0.0001 par value; 75,000,000 shares authorized; 2,957,191 and 2,911,818 shares issued and outstanding as of June 30, 2026, and December 31, 2025, respectively 0 0
Additional paid-in capital 605,917 607,278
Accumulated other comprehensive loss (18,614) (15,138)
Accumulated deficit (677,056) (640,508)
Total stockholders’ deficit (89,753) (48,368)
Total liabilities, convertible preferred stock and stockholders’ deficit $ 356,566 $ 413,177