Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED FINANCIAL STATEMENT DETAILS

v3.25.3
CONDENSED CONSOLIDATED FINANCIAL STATEMENT DETAILS
 9 Months Ended
Sep. 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 September 30, 2025 and December 31, 2024:

(in thousands) September 30, 2025 December 31, 2024
Prepaid expenses $ 4,754  $ 5,504 
Income taxes receivable 2,702  778 
Deposits 711  1,582
Sales taxes receivable 587  874
Credit card receivables in-transit 408  1,184
Other 161 — 
Total prepaid expenses and other current assets $ 9,323  $ 9,922 

Accrued liabilities

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

(in thousands) September 30, 2025 December 31, 2024
Accrued cost of revenue $ 9,577  $ 8,122 
Accrued payroll and related costs 7,961  7,131 
Accrued carrier costs 7,771  4,399 
Sales and other taxes payable 5,403  6,117 
Interest payable 2,274  4,236 
Income taxes payable 515  1,397 
Other 589  447 
Total accrued liabilities $ 34,090  $ 31,849 

Loss on sale of assets

The Company recognized a loss on sale of assets of $1.1 million for the nine months ended September 30, 2025 resulting 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 nine months ended September 30, 2025 and 2024:

Three Months Ended September 30, Nine Months Ended September 30,
(in thousands) 2025 2024 2025 2024
Tax credit received $ —  $ —  $ (3,378) $ — 
Other (income) expense (366) 798  (502) 1,407 
Total other (income) expense, net
 $ (366) $ 798  $ (3,880) $ 1,407 

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” in the second quarter of 2025.