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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income (loss) $ (125,775) $ (80,660)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Share-based compensation 2,668 3,675
Depreciation and amortization 5,646 5,515
Amortization of intangible assets 47,028 47,028
Amortization of debt discount and issuance costs 1,992 4,288
Deferred tax liability 403 0
Non-cash lease expense 1,710 1,994
Intangible asset impairment charges 53,000 0
Operating lease impairment charges 798 0
Accrued interest payable in kind 13,808 0
Other non-cash items (325) (88)
Changes in assets and liabilities:    
Accounts receivable 4,309 (13,199)
Commissions receivable 56,994 96,713
Prepaid expenses and other assets 8,035 36,281
Accounts payable 5,296 (8,887)
Accrued liabilities (60,329) (42,408)
Deferred revenue (20,280) (24,598)
Commissions payable (38,732) (35,740)
Operating lease liabilities (2,702) (3,669)
Other liabilities (3,766) (10,229)
Net cash provided by (used in) operating activities (50,222) (23,984)
Investing Activities    
Purchases of property, equipment and software (5,877) (7,258)
Net cash provided by (used in) investing activities (5,877) (7,258)
Financing Activities    
Repayment of borrowings (2,375) (50,000)
Proceeds from borrowings 58,500 15,000
Debt issuance cost payments (431) (9,056)
Repurchase of shares to satisfy employee tax withholding obligations (5,028) (1,335)
Proceeds from stock option exercises 1 0
Net cash provided by (used in) financing activities 50,667 (45,391)
Effect of exchange rate changes on cash and cash equivalents 101 (52)
Increase (decrease) in cash and cash equivalents (5,331) (76,685)
Cash and cash equivalents at beginning of period 40,921 90,809
Cash and cash equivalents at end of period 35,590 14,124
Non-cash investing and financing activities:    
Purchases of property, equipment and software included in accounts payable $ 0 $ 1,256