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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 189,617 $ 190,592
Restricted cash, current 0 100
Marketable securities 167,398 163,844
Accounts receivable, net 111,172 88,216
Prepaid expenses and other current assets 26,133 22,735
Deferred contract costs, current 46,736 40,841
Total current assets 541,056 506,328
Property and equipment, net 6,765 4,534
Capitalized software, net 30,760 31,548
Operating lease right-of-use assets 10,035 10,950
Restricted cash, non-current 1,115 1,115
Deferred contract costs, non-current 30,192 32,212
Intangible assets, net 2,198 2,428
Goodwill 12,646 12,646
Other assets 4,226 3,867
Total assets 638,993 605,628
Current liabilities:    
Accounts payable 4,430 6,311
Accrued expenses and other current liabilities 30,171 31,156
Content costs payable 34,485 37,607
Accrued compensation and benefits 22,317 28,793
Operating lease liabilities, current 2,584 2,502
Deferred revenue, current 326,331 291,106
Total current liabilities 420,318 397,475
Operating lease liabilities, non-current 7,286 8,315
Deferred revenue, non-current 2,025 2,438
Other liabilities, non-current 5 6
Total liabilities 429,634 408,234
Note 7 – Commitments and contingencies
Stockholders' equity:    
Common stock, $0.00001 par value - 950,000,000 shares authorized; 148,485,106 and 147,484,280 shares issued and outstanding as of March 31, 2025, and December 31, 2024, respectively. 1 1
Additional paid-in capital 1,016,130 1,002,390
Accumulated other comprehensive loss (15) (11)
Accumulated deficit (806,757) (804,986)
Total stockholders’ equity 209,359 197,394
Total liabilities and stockholders' equity $ 638,993 $ 605,628