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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Net Income (Loss) Before Income Tax | The components of our net income (loss) before income tax expense are as follows:
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
| (in thousands)
United States | $ | 9,888 |  |  | $ | (32,143) |  |  | $ | (49,483) |
International | 11,271 |  |  | 22,785 |  |  | 155 |
Net income (loss) before income tax expense | $ | 21,159 |  |  | $ | (9,358) |  |  | $ | (49,328) |
Schedule of Components of Income Tax Provision | The components of the provision for income tax expense (benefit) consists of the following:
| Year Ended December 31,
| 2025 |  | 2024 |  | 2023
| (in thousands)
Current: |  |  |  |  |
Federal | $ | 47 |  |  | $ | 311 |  |  | $ | — |
State | 804 |  |  | 1,280 |  |  | 1,494 |
Foreign | 2,633 |  |  | 1,335 |  |  | 1,647 |
Total current | 3,484 |  |  | 2,926 |  |  | 3,141 |
Deferred: |  |  |  |  |
Federal | (4,418) |  |  | (9,237) |  |  | (5,700) |
State | (4) |  |  | (2,221) |  |  | (2,402) |
Foreign | 962 |  |  | 289 |  |  | (256) |
Change in valuation allowance - United States | 5,982 |  |  | 14,183 |  |  | 10,082 |
Change in valuation allowance - State (1) | (713) |  |  | — |  |  | — |
Change in valuation allowance - Foreign | (2,338) |  |  | (101) |  |  | (3,488) |
Total deferred | (529) |  |  | 2,913 |  |  | (1,764) |
Total income tax expense | $ | 2,955 |  |  | $ | 5,839 |  |  | $ | 1,377 |
(1) 2025 presentation of change in state valuation allowance is provided separately due to the prospective adoption of ASU 2023-09.
Schedule of Deferred Tax Assets and Liabilities | The Company’s deferred tax assets and liabilities, included in other non-current liabilities on the consolidated balance sheets, related to temporary differences and operating loss carryforwards were as follows:
| December 31,
| 2025 |  | 2024
| (in thousands)
Deferred tax assets: |  |  |
Net operating losses | $ | 27,027 |  |  | $ | 29,277 |
163(j) interest limitation | 31,786 |  |  | 33,187 |
Reserves and accrued expenses | 6,081 |  |  | 6,571 |
Property and equipment depreciation | — |  |  | 463 |
Capitalized software | — |  |  | 2,726 |
Stock-based compensation | 2,525 |  |  | 2,802 |
Intangibles | 9,889 |  |  | 8,012 |
Lease liability | 3,385 |  |  | 4,240 |
Capital loss carryforward | 22,248 |  |  | 10,795 |
Other | 4,363 |  |  | 2,974 |
Total deferred tax assets | 107,304 |  |  | 101,047 |
Less: valuation allowance | (64,585) |  |  | (64,870) |
Net deferred tax assets | 42,719 |  |  | 36,177 |
Deferred tax liabilities: |  |  |
Goodwill | (40,033) |  |  | (36,041) |
Property and equipment depreciation | (31) |  |  | — |
Capitalized software | (3,895) |  |  | — |
Capitalized expenses | (4,210) |  |  | (4,951) |
Operating lease right-of-use assets | (2,035) |  |  | (2,736) |
Other | (674) |  |  | (1,039) |
Total deferred tax liabilities | (50,878) |  |  | (44,767) |
Net deferred tax liabilities | $ | (8,159) |  |  | $ | (8,590) |
Schedule of Tax Credits | The Company had net operating loss, capital loss, and tax credit carryforwards as of the financial statement date as follows:
| Amount |  | Expiration Years
| (in thousands) |  |
Net operating losses, federal (Post December 31, 2017) | $ | 19,063 |  |  | Indefinite
Net operating losses, federal (Pre January 1, 2018) | $ | 167 |  |  | 2036
Net operating losses, state | $ | 6,988 |  |  | Various
Net operating losses, foreign | $ | 809 |  |  | 2038 - Indefinite
Capital loss, federal | $ | 22,248 |  |  | 2029
Tax credits, federal | $ | 2,357 |  |  | Various
Tax credits, state | $ | 108 |  |  | Various
Tax credits, foreign | $ | 362 |  |  | Various
Schedule of Net Operating Loss Carryforwards | The Company had net operating loss, capital loss, and tax credit carryforwards as of the financial statement date as follows:
| Amount |  | Expiration Years
| (in thousands) |  |
Net operating losses, federal (Post December 31, 2017) | $ | 19,063 |  |  | Indefinite
Net operating losses, federal (Pre January 1, 2018) | $ | 167 |  |  | 2036
Net operating losses, state | $ | 6,988 |  |  | Various
Net operating losses, foreign | $ | 809 |  |  | 2038 - Indefinite
Capital loss, federal | $ | 22,248 |  |  | 2029
Tax credits, federal | $ | 2,357 |  |  | Various
Tax credits, state | $ | 108 |  |  | Various
Tax credits, foreign | $ | 362 |  |  | Various
Schedule of Reconciliation of Valuation Allowance | A reconciliation of our valuation allowance on deferred tax assets is as follows:
| Year Ended December 31,
| 2025 |  | 2024
| (in thousands)
Balance at beginning of period | $ | 64,870 |  |  | $ | 51,904 |
Additions to valuation allowance | 2,931 |  |  | 12,992 |
Reductions recorded from sale of business | (3,254) |  |  | (541) |
Additions recorded as a decrease in equity | 396 |  |  | 771 |
Reductions recorded as an increase in equity | (358) |  |  | (256) |
Balance at end of period | $ | 64,585 |  |  | $ | 64,870 |
Schedule of Unrecognized Tax Benefits | A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows:
| Year Ended December 31,
| 2025 |  | 2024
| (in thousands)
Balance at beginning of period | $ | 550 |  |  | $ | 531 |
Gross additions based on tax positions related to the current year | 617 |  |  | 57 |
Gross reductions based on tax positions related to prior years | — |  |  | (38) |
Balance at end of period | $ | 1,167 |  |  | $ | 550 |
Schedule of Effective Income Tax Rate Reconciliation | The tables below represent a reconciliation of the statutory federal income tax expense (benefit) to income tax expense. The Company has adopted the guidance in ASU 2023-09 on a prospective basis (see Note 2. Summary of Significant Accounting Policies). The following table reflects the rate reconciliation for the current year under the new guidance. Rate reconciliations for the years ending December 31, 2024 and 2023 are presented below the current year table under the prior guidance.
| Year Ended December 31,
| 2025 |  |  |  |
| (in thousands, except percentages)
Provision for income taxes U.S. statutory rate | $ | 4,443 |  |  | 21.00% |  |  |  |  |  |  |  |
Change in income tax resulting from: |  |  |  |  |  |  |  |  |  |  |
State and local income tax, net of federal income tax effect (1) | (238) |  |  | (1.12) |  |  |  |  |  |  |  |
Foreign tax effects |  |  |  |  |  |  |  |  |  |  |
New Zealand |  |  |  |  |  |  |  |  |  |  |
Change in valuation allowance | (2,377) |  |  | (11.23) |  |  |  |  |  |  |  |
Other | 119 |  |  | 0.56 |  |  |  |  |  |  |  |
Canada |  |  |  |  |  |  |  |  |  |  |
Rate differential | 445 |  |  | 2.10 |  |  |  |  |  |  |  |
Other | 65 |  |  | 0.31 |  |  |  |  |  |  |  |
Australia |  |  |  |  |  |  |  |  |  |  |
Rate differential | 273 |  |  | 1.29 |  |  |  |  |  |  |  |
Other | 4 |  |  | 0.02 |  |  |  |  |  |  |  |
Other | 342 |  |  | 1.62 |  |  |  |  |  |  |  |
Effect of cross-border tax laws |  |  |  |  |  |  |  |  |  |  |
Foreign branch income | 374 |  |  | 1.77 |  |  |  |  |  |  |  |
Other | 82 |  |  | 0.39 |  |  |  |  |  |  |  |
Nontaxable or nondeductible items |  |  |  |  |  |  |  |  |  |  |
Nondeductible compensation | 2,704 |  |  | 12.78 |  |  |  |  |  |  |  |
Sale of marketing technology solutions | (7,976) |  |  | (37.70) |  |  |  |  |  |  |  |
Other | 809 |  |  | 3.82 |  |  |  |  |  |  |  |
Tax credits |  |  |  |  |  |  |  |  |  |  |
Federal research and development tax credit | (2,573) |  |  | (12.16) |  |  |  |  |  |  |  |
Foreign tax credit | (240) |  |  | (1.13) |  |  |  |  |  |  |  |
Change in valuation allowance | 5,982 |  |  | 28.27 |  |  |  |  |  |  |  |
Changes in unrecognized tax benefits | 617 |  |  | 2.92 |  |  |  |  |  |  |  |
Other | 100 |  |  | 0.47 |  |  |  |  |  |  |  |
Income tax expense | $ | 2,955 |  |  | 13.98 | % |  |  |  |  |  |  |  |
(1) The tax effect in this category primarily reflects state and local taxes in Florida and Texas. |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Year Ended December 31,
|  |  | 2024 |  | 2023
|  |  |  |  | (in thousands, except percentages)
Benefit at U.S. statutory rate |  |  |  |  | $ | (1,965) |  |  | 21.00% |  | $ | (10,359) |  |  | 21.00%
Change in income tax resulting from: |  |  |  |  |  |  |  |  |  |  |
State income benefit, net of federal benefit |  |  |  |  | (1,715) |  |  | 18.33 |  | (999) |  |  | 2.03
Stock-based compensation |  |  |  |  | 416 |  |  | (4.45) |  | 2,513 |  |  | (5.09)
Nondeductible compensation |  |  |  |  | 1,863 |  |  | (19.91) |  | 876 |  |  | (1.78)
Nondeductible transaction costs |  |  |  |  | — |  |  | — |  | 61 |  |  | (0.12)
Foreign rate differential |  |  |  |  | 1,484 |  |  | (15.86) |  | 55 |  |  | (0.11)
Change in valuation allowance |  |  |  |  | 14,082 |  |  | (150.48) |  | 6,595 |  |  | (13.37)
Intellectual property migration |  |  |  |  | — |  |  | — |  | — |  |  | —
Change in deferred state income tax rate |  |  |  |  | 633 |  |  | (6.76) |  | 193 |  |  | (0.39)
US taxation of foreign income |  |  |  |  | 13 |  |  | (0.14) |  | 1,512 |  |  | (3.07)
Goodwill impairment |  |  |  |  | 724 |  |  | (7.74) |  | — |  |  | —
Sale of Fitness Solutions |  |  |  |  | (9,424) |  |  | 100.71 |  | — |  |  | —
Tax credits |  |  |  |  | (526) |  |  | 5.62 |  | — |  |  | —
Other |  |  |  |  | 254 |  |  | (2.72) |  | 930 |  |  | (1.89)
Income tax expense |  |  |  |  | $ | 5,839 |  |  | (62.40) | % |  | $ | 1,377 |  |  | (2.79) | %
Schedule of Net Cash Paid For Income Taxes | Net cash paid for income taxes consisted of the following:
| Year Ended December 31,
| 2025 |  |  |  |
| (in thousands)
Federal | $ | 123 |  |  |  |  |
State |  |  |  |  |
Florida | 447 |  |  |  |  |
Texas | 249 |  |  |  |  |
Other | 410 |  |  |  |  |
Total state | 1,106 |  |  |  |  |
Foreign |  |  |  |  |
Canada | 1,672 |  |  |  |  |
Other | 191 |  |  |  |  |
Total foreign | 1,863 |  |  |  |  |
Total cash paid | $ | 3,092 |  |  |  |  |

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