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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets    
Cash and cash equivalents $ 63,628 $ 100,093
Accounts receivable, net 44,089 55,936
Income tax recoverable 99 95
Prepaid expenses 7,901 3,801
Total current assets 115,717 159,925
Property and equipment, net 571 409
Operating lease right-of-use asset 6,249 0
Investment in SymetryML Holdings 851 0
Customer relationships, net 6,712 8,986
Other intangible assets, net 6,830 7,608
Goodwill 34,842 35,778
Deferred income taxes, net 3,670 434
Other assets 368 402
Total assets 175,810 213,542
Current liabilities    
Accounts payable 9,989 12,382
Accrued compensation 3,985 10,530
Accrued expenses 2,422 4,664
Operating lease liabilitiies, current 1,276 0
Total current liabilities 17,672 27,576
Revolver borrowings 0 39,017
SAFE Notes 0 2,950
Warrants 9,579 12,166
Seller's Earn-Out 5,318 18,081
Operating lease liabilities, non-current 6,832 0
Deferred rent 0 1,869
Total liabilities 39,401 101,659
Stockholders’ equity    
Preferred Stock, $0.0001 per share, 20,000,000 shares authorized, no shares issued and outstanding as of June 30, 2022 and December 31, 2021
Common Stock, $0.0001 par value, 350,000,000 shares authorized; 86,099,633 and 85,743,994 shares issued and outstanding as of June 30, 2022 and December 31, 2021 9 9
Additional paid-in capital 77,851 70,778
Retained earnings 58,549 42,512
Total stockholders' equity attributable to AdTheorent Holding Company, Inc 136,409 113,299
Noncontrolling interests in consolidated subsidiaries 0 (1,416)
Total stockholders' equity 136,409 111,883
Total liabilities and stockholders’ equity / members' equity $ 175,810 $ 213,542