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Discontinued Operations (Tables) | 6 Months Ended
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Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures | The following table summarizes the results of operations of marketing technology solutions reported as discontinued operations:
| Three months ended June 30, |  | Six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in thousands)
Total revenues | $ | 34,536 |  |  | $ | 36,870 |  |  | $ | 63,168 |  |  | $ | 69,131 |
Operating expenses: |  |  |  |  |  |  |
Cost of revenues (exclusive of depreciation and amortization presented separately below) | 26,107 |  |  | 29,786 |  |  | 46,768 |  |  | 55,078 |
Sales and marketing | 2,583 |  |  | 1,993 |  |  | 5,285 |  |  | 4,197 |
Product development | 1,423 |  |  | 936 |  |  | 2,509 |  |  | 1,830 |
General and administrative | 2,436 |  |  | 2,942 |  |  | 4,719 |  |  | 5,091 |
Depreciation and amortization | — |  |  | 2,037 |  |  | 1,191 |  |  | 4,084 |
(Gain) loss on held for sale and impairments | (412) |  |  | — |  |  | 9,021 |  |  | (11) |
Total operating expenses | 32,137 |  |  | 37,694 |  |  | 69,493 |  |  | 70,269 |
Operating income (loss) | 2,399 |  |  | (824) |  |  | (6,325) |  |  | (1,138) |
Other income, net | — |  |  | — |  |  | 3 |  |  | — |
Net income (loss) before income tax benefit | 2,399 |  |  | (824) |  |  | (6,322) |  |  | (1,138) |
Income tax (expense) benefit | (7) |  |  | — |  |  | 67 |  |  | — |
Income (loss) from discontinued operations, net of income tax | $ | 2,392 |  |  | $ | (824) |  |  | $ | (6,255) |  |  | $ | (1,138) |
The components of assets and liabilities classified as held for sale on our condensed consolidated balance sheets were as follows:
|  |  |  |  |  |  |  |  |  |  | June 30, |  | December 31,
|  |  |  |  |  |  |  |  |  |  | 2025 |  | 2024
|  |  |  |  |  |  |  |  |  | (in thousands)
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts receivable, net |  |  |  |  |  |  |  |  |  |  | 11,121 |  |  | 9,065 |
Contract assets |  |  |  |  |  |  |  |  |  |  | 467 |  |  | 474 |
Prepaid expenses and other current assets |  |  |  |  |  |  |  |  |  |  | 1,711 |  |  | 1,883 |
Property and equipment, net |  |  |  |  |  |  |  |  |  |  | 515 |  |  | 529 |
Capitalized software, net |  |  |  |  |  |  |  |  |  |  | 2,451 |  |  | 2,071 |
Other non-current assets |  |  |  |  |  |  |  |  |  |  | 3,268 |  |  | 3,359 |
Intangible assets, net |  |  |  |  |  |  |  |  |  |  | 14,670 |  |  | 15,668 |
Goodwill |  |  |  |  |  |  |  |  |  |  | 16,288 |  |  | 23,152 |
Total assets |  |  |  |  |  |  |  |  |  |  | 50,491 |  |  | 56,201 |
Valuation allowance |  |  |  |  |  |  |  |  |  |  | (2,155) |  |  | — |
Assets held for sale |  |  |  |  |  |  |  |  |  |  | $ | 48,336 |  |  | $ | 56,201 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  |  |  |  |  |  |  |  |  |  | $ | 497 |  |  | $ | 1,442 |
Accrued expenses and other |  |  |  |  |  |  |  |  |  |  | 7,532 |  |  | 7,659 |
Deferred revenue |  |  |  |  |  |  |  |  |  |  | 4,089 |  |  | 3,009 |
Customer deposits |  |  |  |  |  |  |  |  |  |  | 21 |  |  | 2,188 |
Other long-term liabilities |  |  |  |  |  |  |  |  |  |  | 579 |  |  | 973 |
Liabilities held for sale |  |  |  |  |  |  |  |  |  |  | 12,718 |  |  | 15,271 |
Assets held for sale, net |  |  |  |  |  |  |  |  |  |  | $ | 35,618 |  |  | $ | 40,930 |
The following table presents the significant non-cash items related to discontinued operations that are included in the accompanying statements of cash flows:
| Three months ended June 30, |  | Six months ended June 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
| (in thousands)
Adjustments to reconcile net loss to net cash used in operating activities: |  |  |  |  |  |  |
Depreciation and amortization | $ | — |  |  | $ | 2,037 |  |  | $ | 1,191 |  |  | $ | 4,084 |
Share-based compensation | 200 |  |  | 207 |  |  | 382 |  |  | 373 |
(Gain) loss on assets held for sale and impairments | (412) |  |  | — |  |  | 9,021 |  |  | (11) |

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