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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 263,928 $ 100,629
Accounts receivable, net 24,117 21,214
Commissions and advisory fees receivable 20,679 25,073
Prepaid expenses and other current assets 15,027 11,731
Current assets of discontinued operations 0 41,632
Total current assets 323,751 200,279
Long-term assets:    
Property, equipment, and software, net 53,041 50,040
Right-of-use assets, net 19,361 20,466
Goodwill, net 266,279 266,279
Acquired intangible assets, net 266,002 282,789
Other long-term assets 35,081 20,414
Long-term assets of discontinued operations 0 231,676
Total long-term assets 639,764 871,664
Total assets 963,515 1,071,943
Current liabilities:    
Accounts payable 7,531 6,493
Commissions and advisory fees payable 13,829 17,940
Accrued expenses and other current liabilities 111,212 55,658
Current deferred revenue 4,583 4,792
Current lease liabilities 5,139 4,896
Current portion of long-term debt 0 1,812
Current liabilities of discontinued operations 0 20,131
Total current liabilities 142,294 111,722
Long-term liabilities:    
Long-term debt, net 0 553,134
Long-term lease liabilities 30,332 33,267
Deferred tax liabilities, net 20,819 19,124
Long-term deferred revenue 4,396 5,322
Other long-term liabilities 22,476 6,752
Long-term liabilities of discontinued operations 0 1,000
Total long-term liabilities 78,023 618,599
Total liabilities 220,317 730,321
Commitments and contingencies (Note 10)
Stockholders’ equity:    
Common stock, par value $0.0001 per share—900,000 shares authorized; 51,260 shares issued and 48,079 shares outstanding as of December 31, 2022; 50,137 shares issued and 48,831 shares outstanding as of December 31, 2021 5 5
Additional paid-in capital 1,636,134 1,619,805
Accumulated deficit (829,542) (1,249,789)
Treasury stock, at cost—3,181 shares as of December 31, 2022 and 1,306 shares as of December 31, 2021 (63,399) (28,399)
Total stockholders’ equity 743,198 341,622
Total liabilities and stockholders’ equity $ 963,515 $ 1,071,943