Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED FINANCIAL STATEMENT DETAILS

v3.25.2
CONDENSED CONSOLIDATED FINANCIAL STATEMENT DETAILS
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
CONDENSED CONSOLIDATED FINANCIAL STATEMENT DETAILS CONDENSED CONSOLIDATED FINANCIAL STATEMENT DETAILS
Prepaid expenses and other current assets

The following table sets forth the details of prepaid expenses and other current assets included on the condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024:

(in thousands) June 30, 2025 December 31, 2024
Prepaid expenses $ 4,484  $ 5,504 
Credit card receivables in-transit 1,983  1,184
Deposits 1,647  1,582
Sales taxes receivable 952  874
Income taxes receivable 294  778 
Total prepaid expenses and other current assets $ 9,360  $ 9,922 

Accrued liabilities

The following table sets forth the details of accrued liabilities included on the condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024:

(in thousands) June 30, 2025 December 31, 2024
Accrued cost of revenue $ 8,420  $ 8,122 
Accrued carrier costs 7,279  4,399 
Accrued payroll and related costs 6,843  7,131 
Sales and other taxes payable 5,689  6,117 
Interest payable 3,957  4,236 
Income taxes payable 2,604  1,397 
Other 363  447 
Total accrued liabilities $ 35,155  $ 31,849 

Loss on sale of assets

The Company’s loss on sale of assets for the three and six months ended June 30, 2025 as presented on its condensed consolidated statements of operations arose from the sale of certain intangible assets consisting of internally developed software along with hardware inventory associated with that software.

Other (income) expense, net

The following table sets forth the details of “other (income) expense, net” included on the condensed consolidated statements of operations for the three and six months ended June 30, 2025 and 2024:

Three Months Ended June 30, Six Months Ended June 30,
(in thousands) 2025 2024 2025 2024
Tax credit received $ (3,378) $ —  $ (3,378) $ — 
Other (income) expense (450) 302  (136) 609 
Total other (income) expense $ (3,828) $ 302  $ (3,514) $ 609 

The Company had previously accounted for the receipt of cash in 2023 from a U.S. government program for certain tax credits related to the coronavirus pandemic as a liability, in “other liabilities,” as included on the condensed consolidated balance sheet as of December 31, 2024, as all conditions for recognition in income had not been met at that time. As all conditions for recognition were met in the second quarter of 2025, the Company removed the liability and recognized “other income” for the three and six months ended June 30, 2025.