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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 230,258 $ 190,592
Restricted cash, current 203 100
Marketable securities 161,718 163,844
Accounts receivable, net 84,441 88,216
Prepaid expenses and other current assets 22,919 22,735
Deferred contract costs, current 47,957 40,841
Total current assets 547,496 506,328
Property and equipment, net 7,186 4,534
Capitalized software, net 29,490 31,548
Operating lease right-of-use assets 9,104 10,950
Restricted cash, non-current 912 1,115
Deferred contract costs, non-current 28,476 32,212
Intangible assets, net 3,281 2,428
Goodwill 12,646 12,646
Other assets 5,365 3,867
Total assets 643,956 605,628
Current liabilities:    
Accounts payable 7,408 6,311
Accrued expenses and other current liabilities 27,585 31,156
Content costs payable 33,167 37,607
Accrued compensation and benefits 20,356 28,793
Operating lease liabilities, current 2,933 2,502
Deferred revenue, current 311,223 291,106
Total current liabilities 402,672 397,475
Operating lease liabilities, non-current 6,286 8,315
Deferred revenue, non-current 1,635 2,438
Other liabilities, non-current 5 6
Total liabilities 410,598 408,234
Note 8 – Commitments and contingencies
Stockholders' equity:    
Common stock, $0.00001 par value - 950,000,000 shares authorized; 149,917,996 and 147,484,280 shares issued and outstanding as of June 30, 2025, and December 31, 2024, respectively. 1 1
Additional paid-in capital 1,033,803 1,002,390
Accumulated other comprehensive income (loss) 46 (11)
Accumulated deficit (800,492) (804,986)
Total stockholders’ equity 233,358 197,394
Total liabilities and stockholders' equity $ 643,956 $ 605,628