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Income Taxes (Tables)

12 Months Ended

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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