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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 190,592 $ 305,564
Restricted cash, current 100 3,329
Marketable securities 163,844 171,372
Accounts receivable, net 88,216 92,555
Prepaid expenses and other current assets 22,735 20,924
Deferred contract costs, current 40,841 38,584
Total current assets 506,328 632,328
Property and equipment, net 4,534 4,439
Capitalized software, net 31,548 31,388
Operating lease right-of-use assets 10,950 5,691
Restricted cash, non-current 1,115 659
Deferred contract costs, non-current 32,212 35,790
Strategic investments 0 10,311
Intangible assets, net 2,428 5,223
Goodwill 12,646 12,646
Other assets 3,867 2,721
Total assets 605,628 741,196
Current liabilities:    
Accounts payable 6,311 2,506
Accrued expenses and other current liabilities 31,156 27,778
Content costs payable 37,607 40,277
Accrued compensation and benefits 28,793 24,332
Operating lease liabilities, current 2,502 5,825
Deferred revenue, current 291,106 279,414
Total current liabilities 397,475 380,132
Operating lease liabilities, non-current 8,315 1,124
Deferred revenue, non-current 2,438 3,000
Other liabilities, non-current 6 48
Total liabilities 408,234 384,304
Note 7 – Commitments and contingencies
Stockholders' equity:    
Common stock, $0.00001 par value - 950,000,000 shares authorized; 147,484,280 and 157,166,360 shares issued and outstanding as of December 31, 2024, and December 31, 2023, respectively. 1 2
Additional paid-in capital 1,002,390 1,076,508
Accumulated other comprehensive income (loss) (11) 80
Accumulated deficit (804,986) (719,698)
Total stockholders’ equity 197,394 356,892
Total liabilities and stockholders' equity $ 605,628 $ 741,196