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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 198,240 $ 95,260
Accounts receivable, net of allowances of $726 and $203 as of December 31, 2024 and 2023, respectively 23,159 4,050
Contract assets and unbilled revenue, net 26,645 11,780
Other current assets 7,476 2,452
Total current assets 255,520 113,542
Restricted cash equivalents, non-current 676 13,775
Right-of-use assets 4,692 5,210
Property and equipment, net 1,239 1,515
Goodwill 101,704 0
Intangible assets, net 174,943 0
Deferred tax asset 4 11
Contract assets and unbilled revenue, non-current, net 12,879 16,492
Other non-current assets 2,296 577
Total assets 553,953 151,122
Current liabilities:    
Accounts payable 5,559 1,653
Accrued liabilities 26,291 13,884
Operating lease liabilities 1,898 2,637
Finance lease liabilities 49 121
Income tax liability 2,750 1,618
Deferred revenue 23,876 4,310
Other current liabilities 7,319 0
Total current liabilities 67,742 24,223
Operating lease liabilities, net of current portion 2,403 3,089
Deferred revenue, net of current portion 6,862 4,910
Long-term debt 0 84,312
Contingent acquisition liabilities 286,898 0
Income tax liability, net of current portion 3,075 2,453
Other non-current liabilities 4,320 3,967
Total liabilities 371,300 122,954
Commitments and contingencies (Note 7)
Stockholders’ equity (deficit):    
Preferred stock value 0 14,187
Additional paid-in capital 1,125,470 606,135
Accumulated deficit (943,060) (592,379)
Accumulated other comprehensive income 205 199
Total stockholders’ equity 182,653 28,168
Total liabilities and stockholders’ equity 553,953 151,122
Class A Common Stock    
Stockholders’ equity (deficit):    
Common stock value 35 22
Class B Common Stock    
Stockholders’ equity (deficit):    
Common stock value $ 3 $ 4