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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 211,809 $ 218,432
Marketable securities 199,161 287,449
Accounts receivable, net of allowances of $2,072 and $1,976 at September 30, 2025 and December 31, 2024, respectively 24,871 23,454
Prepaid expenses and other assets 11,041 10,059
Deferred commissions, current portion 2,898 4,279
Total current assets 449,780 543,673
Property and equipment, net 4,343 4,889
Operating lease right-of-use assets 10,180 6,007
Internal-use software, net 16,564 18,510
Deferred commissions, net of current portion 4,036 2,915
Intangible assets, net 3,865 5,339
Goodwill 8,518 8,518
Deferred tax assets, net 75,959 73,737
Other assets 307 472
Total assets 573,552 664,060
Current liabilities    
Accounts payable 11,377 10,519
Accrued expenses 42,747 43,493
Accrued interest 5,989 12,866
Deferred revenue 11,268 10,837
Operating lease liabilities, current portion 2,429 2,786
Other current liabilities 1,501 1,093
Total current liabilities 75,311 81,594
Operating lease liabilities, net of current portion 11,328 6,286
Long-term borrowings, net 544,491 543,649
Other long-term liabilities 18,570 19,101
Total liabilities 649,700 650,630
Commitments and contingencies (Note 9)
Stockholders' equity (deficit)    
Preferred Stock, $0.00001 par value; 50,000 shares authorized as of September 30, 2025 and December 31, 2024; no shares issued and outstanding as of September 30, 2025 and December 31, 2024 0 0
Class B treasury stock, 195 shares outstanding as of September 30, 2025 and December 31, 2024 (644) (644)
Additional paid-in capital 0 32,402
Accumulated deficit (75,573) (18,385)
Accumulated other comprehensive income 68 56
Total stockholders' equity (deficit) (76,148) 13,430
Total liabilities and stockholders' equity (deficit) 573,552 664,060
Common Class A    
Stockholders' equity (deficit)    
Common stock 1 1
Common Class B    
Stockholders' equity (deficit)    
Common stock $ 0 $ 0