v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 5,076 $ 21,105
Restricted cash 11,608 0
Accounts receivable, net of allowance for credit losses of $3,086 and $3,069 at September 30, 2026 and December 31, 2025, respectively 57,730 55,743
Inventories 8,139 9,627
Prepaid and other current assets 21,025 11,294
Total current assets 103,578 97,769
Operating lease right-of-use assets 1,506 983
Finance lease right-of-use assets 435 0
Property and equipment, net 3,550 3,793
Goodwill 7,748 7,444
Other assets 2,227 1,823
Total assets 119,044 111,812
Current liabilities    
Accounts payable 16,162 13,247
Short-term debt 24,780 12,681
Accrued expenses 56,725 23,770
Income taxes payable 748 630
Deferred revenue 8,672 7,172
Other current liabilities 13,396 10,725
Total current liabilities 120,483 68,225
Long-term debt, net 0 9,921
Noncurrent lease liability 947 553
Finance lease liability, net of current portion 334 0
Deferred income taxes 229 0
Warrant liability 13,157 74,515
Other non-current liabilities 1,309 1,556
Total liabilities 136,459 154,770
Commitments and contingencies (Note 12)
Stockholders' deficit    
Preferred stock par value of $0.0001 per share, 10,000,000 shares authorized; none issued as of September 30, 2026 and December 31, 2025 0 0
Common stock par value of $0.0001 per share, 850,000,000 shares authorized; 18,152,140 and 15,537,344 shares issued and outstanding as of September 30, 2026 and December 31, 2025 2 2
Treasury stock, at cost; 1,076,257 shares as of September 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 397,686 384,648
Accumulated other comprehensive gain (loss) 38 (290)
Accumulated deficit (415,141) (427,318)
Total stockholders' deficit (17,415) (42,958)
Total liabilities and stockholders' deficit $ 119,044 $ 111,812