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BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 186,612,000 $ 349,282,000
Restricted cash 0 408,000
Accounts receivable, less allowances of $2,494 and $3,765, respectively 208,709,000 220,883,000
Prepaid expenses and other current assets 12,604,000 11,168,000
Total current assets 407,925,000 581,741,000
Property and equipment, less accumulated depreciation of $3,029 and $9,675, respectively 23,434,000 1,951,000
Capitalized software development costs, less accumulated amortization of $24,165 and $18,087, respectively 24,193,000 16,201,000
Equity investment 4,531,000 4,531,000
Deferred tax assets, net 54,850,000 73,211,000
Operating lease assets 9,901,000 0
Other long-term assets 1,077,000 794,000
Total assets 525,911,000 678,429,000
Current liabilities:    
Accounts payable 10,840,000 7,160,000
Due to third-party publishers 107,601,000 93,982,000
Accrued expenses 19,614,000 17,965,000
Other current liabilities 1,249,000 6,088,000
Total current liabilities 207,760,000 204,165,000
Long-term liabilities:    
Operating lease liabilities – long-term 25,501,000 0
Unrecognized tax benefits, long-term 4,999,000 16,981,000
Total liabilities 238,260,000 221,146,000
Commitments and contingencies (Note 16)
Stockholders’ equity:    
Preferred stock, $0.00001 par value: 100,000,000 shares authorized and zero shares issued and outstanding as of December 31, 2025, and December 31, 2024 0 0
Additional paid-in capital 692,097,000 629,050,000
Treasury stock, at cost, 7,388,343 shares as of December 31, 2025 and 518,683 shares as of December 31, 2024 (267,575,000) (31,321,000)
Accumulated deficit (136,871,000) (140,446,000)
Total stockholders' equity 287,651,000 457,283,000
Total liabilities and stockholders' equity 525,911,000 678,429,000
Common Class A    
Stockholders’ equity:    
Common stock issued 0 0
Common Class B    
Stockholders’ equity:    
Common stock issued 0 0
Deferred revenue    
Current liabilities:    
Deferred revenue 2,935,000 4,964,000
User redemption liability 2,935,000 4,964,000
User redemption liability    
Current liabilities:    
Deferred revenue 65,521,000 74,006,000
User redemption liability $ 65,521,000 $ 74,006,000