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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities      
Net income $ 2,159 $ 4,653 $ 3,153
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization   6,779 6,124
Change in fair value of warrant liability (390) (390) 390
Change in tax receivable agreement liability 545 1,090 938
Amortization of right-of-use lease assets   1,290 2,385
Stock-based compensation   4,818 5,571
Gain on lease termination (100) 0 (109)
Loss contingency 2,300 2,324 0
Provision (recovery) for credit losses 768 1,082 (616)
Changes in operating assets and liabilities:      
Accounts receivable   (2,624) 4,774
Prepaid expenses and other current assets   635 328
Other assets   475 123
Accounts payable and accrued expenses   (1,418) 610
Deferred revenue   (220) (74)
Operating lease liabilities   (1,769) (3,543)
Net cash provided by operating activities   16,725 20,054
Cash flows from investing activities      
Capitalized software and expenditures   (6,493) (7,140)
Net cash used in investing activities   (6,493) (7,140)
Cash flows from financing activities      
Distributions   (1,916) (5,950)
Proceeds from repayment of related party note   92 96
Tax receivable agreement payment   (1,422) (116)
Taxes paid related to net share settlement of equity awards   (1) (2)
Net cash used in financing activities   (3,247) (5,972)
Net increase in cash   6,985 6,942
Cash – beginning of period   51,966 34,350
Cash – end of period 58,951 58,951 41,292
Supplemental disclosures of noncash investing and financing activities      
Stock-based compensation capitalized for software development $ 224 487 613
Capitalized assets included in accounts payable and accrued expenses   $ 845 $ 789