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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 91,088 $ 92,765
Accounts receivable, net 34,585 34,422
Prepaid expenses and other current assets 12,253 10,973
Total current assets 137,926 138,160
Property and equipment, net 1,749 2,167
Right of use assets, net 697 1,095
Intangible assets, net 177,067 201,522
Goodwill 610,063 610,063
Other assets 9,431 8,326
Total assets 936,933 961,333
Current liabilities:    
Accounts payable 4,342 6,798
Accrued liabilities 30,700 29,383
Deferred revenue 30,110 17,170
Current portion of debt, net of debt issuance costs 3,632 3,678
Total current liabilities 68,784 57,029
Long-term debt, net of debt issuance costs 463,125 464,922
Deferred tax liabilities, net 12,069 11,287
Long-term deferred revenue 0 75
Other long-term liabilities 314 527
Total liabilities 544,292 533,840
Commitments and contingencies (Note 5)
Stockholders’ Equity:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized; zero shares issued and outstanding at June 30, 2025 and December 31, 2024 0 0
Common stock, $0.001 par value; 600,000,000 shares authorized, 74,195,939 and 76,049,681 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 125 127
Additional paid-in capital 734,970 709,057
Accumulated deficit (342,454) (281,691)
Total stockholders’ equity 392,641 427,493
Total liabilities and stockholders’ equity $ 936,933 $ 961,333