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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 235,929 $ 190,592
Restricted cash, current 203 100
Marketable securities 135,292 163,844
Accounts receivable, net 76,560 88,216
Prepaid expenses and other current assets 28,587 22,735
Deferred contract costs, current 47,567 40,841
Total current assets 524,138 506,328
Property and equipment, net 6,976 4,534
Capitalized software, net 29,122 31,548
Operating lease right-of-use assets 10,117 10,950
Restricted cash, non-current 912 1,115
Deferred contract costs, non-current 26,636 32,212
Intangible assets, net 2,865 2,428
Goodwill 12,646 12,646
Other assets 5,492 3,867
Total assets 618,904 605,628
Current liabilities:    
Accounts payable 6,534 6,311
Accrued expenses and other current liabilities 26,190 31,156
Content costs payable 32,275 37,607
Accrued compensation and benefits 22,953 28,793
Operating lease liabilities, current 5,298 2,502
Deferred revenue, current 295,926 291,106
Total current liabilities 389,176 397,475
Operating lease liabilities, non-current 6,670 8,315
Deferred revenue, non-current 1,240 2,438
Other liabilities, non-current 5 6
Total liabilities 397,091 408,234
Note 8 – Commitments and contingencies
Stockholders' equity:    
Common stock, $0.00001 par value - 950,000,000 shares authorized; 147,075,948 and 147,484,280 shares issued and outstanding as of September 30, 2025, and December 31, 2024, respectively. 1 1
Additional paid-in capital 1,020,518 1,002,390
Accumulated other comprehensive income (loss) 144 (11)
Accumulated deficit (798,850) (804,986)
Total stockholders’ equity 221,813 197,394
Total liabilities and stockholders' equity $ 618,904 $ 605,628