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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net income $ 124,858 $ (100,710)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation of property and equipment 92 234
Amortization of platform development and intangible assets 8,795 11,859
Amortization of debt costs 142 658
Loss on impairment of assets 0 40,589
Change in fair value of contingent consideration 0 313
Liquidated damages 305 306
Stock-based compensation 485 3,031
Deferred income taxes (69) 203
Provision for credit losses 614 2,992
Non-cash lease expense 309 0
Other, net (4) (19)
Change in operating assets and liabilities:    
Accounts receivable 8,231 10,478
Subscription acquisition costs 0 6,131
Prepayments and other current assets 1,735 1,841
Other long-term assets 14 852
Accounts payable (4,951) (3,730)
Accrued expenses and other (53,078) 29,688
Unearned revenue (48,142) (18,803)
Subscription and returns reserve liability (345) 404
Operating lease liability 255 (304)
Contingent consideration 0 (1,683)
Other long-term liabilities 0 (406)
Net cash provided by (used in) operating activities 39,246 (16,076)
Cash flows from investing activities    
Purchases of property and equipment 0 (54)
Purchases of intangible assets (2,550) 0
Capitalized platform development (7,040) (5,121)
Net cash used in investing activities (9,590) (5,175)
Cash flows from financing activities    
Payment of Fexy put option 0 (561)
Repayments under line of credit 0 (20,027)
Proceeds from common stock private placement 0 12,000
Repayment of Term Debt (13,000) 0
Proceeds from Simplify loan 0 25,651
Repayment of Simplify loan (10,651) 0
Payments of deferred cash payment 0 (200)
Payments of taxes from common stock withheld (29) (534)
Net cash (used in) provided by financing activities (23,680) 16,329
Net change in cash and cash equivalents 5,976 (4,922)
Cash and cash equivalents — beginning of year 4,362 9,284
Cash and cash equivalents — end of period 10,338 4,362
Supplemental disclosures of cash flow information    
Cash paid for interest 11,551 17,837
Cash paid for income taxes 862 85
Noncash investing and financing activities    
Reclassification of stock-based compensation to platform development 25 259
Purchase of intangible asset with accrued expenses and other 450 0
Repurchase of common stock for Fexy put option 0 379
Issuance of common stock upon exercise of stock options (4) 0
Series G Redeemable and Convertible Preferred Stock    
Noncash investing and financing activities    
Issuance of common stock upon conversion of convertible preferred stock 168 0
Series H convertible preferred stock    
Noncash investing and financing activities    
Issuance of common stock upon conversion of convertible preferred stock $ 0 $ 15,000