v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 110,472 $ 178,244
Accounts receivable, net of allowance of $4,073 and $3,431 100,498 112,626
Prepaid expenses and other current assets 45,852 47,769
Total current assets 256,822 338,639
Property and equipment, net 61,213 62,553
Right-of-use assets 6,564 9,770
Intangible assets, net 180,931 215,673
Goodwill 196,877 574,614
Deferred tax assets, net 79,393 61,289
Other assets 71,723 93,398
Total assets 853,523 1,355,936
Current liabilities:    
Accounts payable 13,477 13,898
Accrued expenses 102,559 129,952
Contributor royalties payable 94,041 94,163
Deferred revenue 189,737 212,984
Debt 128,113 158,110
Other current liabilities 15,242 19,295
Total current liabilities 543,169 628,402
Deferred tax liability, net 636 1,134
Long-term debt 114,416 116,639
Lease liabilities 11,123 17,247
Other non-current liabilities 12,645 11,476
Total liabilities 681,989 774,898
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, $0.01 par value; 200,000 shares authorized; 42,598 and 41,049 shares issued and 37,077 and 35,528 shares outstanding as of September 30, 2026 and December 31, 2025, respectively 424 410
Treasury stock, at cost; 5,521 shares as of September 30, 2026 and December 31, 2025 (269,804) (269,804)
Additional paid-in capital 543,095 520,018
Accumulated other comprehensive loss (10,091) (4,754)
Retained earnings (92,090) 335,168
Total stockholders’ equity 171,534 581,038
Total liabilities and stockholders’ equity $ 853,523 $ 1,355,936