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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net loss $ (2,641) $ (10,128)
Adjustments to reconcile net loss to net cash provided by operating activities    
Change in fair value of warrant liability (88) 66
Additions to content assets (7,276) (3,412)
Change in content liabilities (196) 92
Amortization of content assets 10,696 14,470
Depreciation and amortization expenses 122 285
Amortization of premiums and accretion of discounts associated with investments in debt securities, net (454) (166)
Stock-based compensation 10,054 4,734
Equity method investment loss 231 2,175
Other non-cash items 453 359
Changes in operating assets and liabilities    
Accounts receivable (3,098) 260
Other assets 256 1,096
Accounts payable (2,788) (728)
Accrued expenses and other liabilities 6,500 (658)
Deferred revenue (2,683) (3,329)
Net cash provided by operating activities 9,088 5,116
Cash flows from investing activities    
Purchases of property and equipment (77) 0
Sales of investments in debt securities 3,500 0
Maturities of investments in debt securities 25,300 0
Purchases of investments in debt securities (11,807) (29,968)
Net cash provided by investing activities 16,916 (29,968)
Cash flows from financing activities    
Repurchases of common stock 0 (218)
Dividends paid (17,311) (2,676)
Payments related to tax withholding (2,476) (756)
Net cash used in financing activities (19,787) (3,650)
Net increase in cash, cash equivalents and restricted cash 6,217 (28,502)
Cash, cash equivalents and restricted cash, beginning of period 7,951 38,215
Cash, cash equivalents and restricted cash, end of period 14,168 9,713
Supplemental disclosure:    
Cash paid for taxes, net (197) 71
Cash paid for operating leases $ 473 $ 416