v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 22,014 $ 9,008
Restricted cash 0 8,250
Current marketable securities 0 1,018
Accounts receivable, net 8,457 9,710
Contract assets, net 14,455 13,362
Prepaid expenses and other current assets 5,125 4,728
Total current assets 50,051 46,076
Non-current assets:    
Property and equipment, net 1,194 1,525
Operating lease right-of-use assets, net 1,600 3,114
Intangible assets, net 22,665 26,027
Goodwill 30,070 30,070
Non-current portion of contract assets 15,050 14,272
Other assets 1,254 1,558
Total non-current assets 71,833 76,566
Total assets 121,884 122,642
Current liabilities:    
Accounts payable 1,917 3,483
Accrued expenses and other current liabilities 10,104 19,397
Accrued income taxes 1,049 2,486
Deferred revenue, current 7,586 10,751
Operating lease liabilities, current 912 1,121
Vendor financing obligation, current 2,339 1,165
Total current liabilities 23,907 38,403
Non-current liabilities:    
Deferred revenue, non-current 4,122 5,157
Operating lease liabilities, non-current 661 1,961
Vendor financing obligation, non-current 1,041 2,038
Convertible note payable, non-current 10,108 0
Other non-current liabilities 124 94
Total liabilities 39,963 47,653
Commitments and contingencies (Note 13)
Stockholders' equity:    
Preferred stock, $0.0001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of September 30, 2026 and December 31, 2025 0 0
Common stock, $0.0001 par value; 500,000,000 shares authorized; 34,073,072 and 30,948,403 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 3 3
Additional paid-in capital 167,171 146,136
Accumulated deficit (83,341) (69,218)
Accumulated other comprehensive loss (1,912) (1,932)
Total stockholders' equity 81,921 74,989
Total liabilities and stockholders' equity $ 121,884 $ 122,642