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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 231,485 $ 190,592
Restricted cash, current 201 100
Marketable securities 127,259 163,844
Accounts receivable, net 95,891 88,216
Prepaid expenses and other current assets 25,469 22,735
Deferred contract costs, current 43,908 40,841
Total current assets 524,213 506,328
Property and equipment, net 6,694 4,534
Capitalized software, net 28,964 31,548
Operating lease right-of-use assets 9,040 10,950
Restricted cash, non-current 183 1,115
Deferred contract costs, non-current 28,010 32,212
Intangible assets, net 2,448 2,428
Goodwill 12,646 12,646
Other assets 5,500 3,867
Total assets 617,698 605,628
Current liabilities:    
Accounts payable 8,198 6,311
Accrued expenses and other current liabilities 32,126 31,156
Content costs payable 33,175 37,607
Accrued compensation and benefits 27,958 28,793
Operating lease liabilities, current 4,541 2,502
Deferred revenue, current 294,071 291,106
Total current liabilities 400,069 397,475
Operating lease liabilities, non-current 5,686 8,315
Deferred revenue, non-current 1,248 2,438
Other liabilities, non-current 234 6
Total liabilities 407,237 408,234
Note 8 – Commitments and contingencies
Stockholders' equity:    
Common stock, $0.00001 par value - 950,000,000 shares authorized; 145,050,642 and 147,484,280 shares issued and outstanding as of December 31, 2025, and December 31, 2024, respectively. 1 1
Additional paid-in capital 1,011,477 1,002,390
Accumulated other comprehensive income (loss) 162 (11)
Accumulated deficit (801,179) (804,986)
Total stockholders’ equity 210,461 197,394
Total liabilities and stockholders' equity $ 617,698 $ 605,628