v3.26.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 9,533 $ 15,797
Accounts receivable and contract assets, net 29,212 28,570
Prepaid expenses and other current assets 4,804 4,225
Total current assets 43,549 48,592
Property and equipment, net 16,936 18,816
Operating lease right-of-use assets 1,883 1,904
Goodwill 34,213 34,213
Intangible assets, net 26,470 29,335
Other assets 2,633 2,894
Total assets 125,684 135,754
Current liabilities    
Accounts payable 4,207 3,789
Accrued expenses and other current liabilities 13,589 9,578
Line of credit 4,000 4,000
Deferred revenue, short-term 39,268 40,035
Total current liabilities 61,064 57,402
Deferred revenue, long-term 2,458 3,845
Deferred tax liability 1,444 1,359
Operating lease liabilities, net of current portion 1,188 976
Total liabilities 66,154 63,582
Commitments and contingencies (Note 12)
Stockholders' equity    
Common stock: $0.005 par value; 500,000,000 shares authorized; 13,240,518 and 12,825,960 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 65 64
Additional paid-in capital 193,737 186,115
Accumulated deficit (133,946) (113,718)
Accumulated other comprehensive loss (326) (289)
Total stockholders' equity 59,530 72,172
Total liabilities and stockholders' equity $ 125,684 $ 135,754