Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets

v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Current assets    
Cash, cash equivalents, and restricted cash $ 43,206 $ 37,960
Accounts receivable, net 263,063 251,240
Prepaid expenses 6,734 6,060
Value-added tax receivable 3,192 4,461
Other current assets 17,077 12,149
Total current assets 333,272 311,870
Property and equipment, net 48,173 49,111
Right-of-use assets 8,145 7,739
Intangible assets, net 208,485 217,448
Goodwill 222,909 223,053
Other non-current assets 22,509 32,433
TOTAL ASSETS 843,493 841,654
Current liabilities    
Accounts payable 150,866 132,807
Accrued revenue share 85,755 87,215
Accrued compensation 12,310 22,408
Acquisition purchase price liabilities 436 436
Current portion of long-term debt 9,375 7,031
Other current liabilities 17,852 14,671
Total current liabilities 276,594 264,568
Long-term debt, net 343,488 353,932
Derivative liabilities 12,963 2,164
Deferred tax liabilities, net 14,531 15,818
Other non-current liabilities 5,325 4,838
Total liabilities 652,901 641,320
Commitments and contingencies (Note 13)
Stockholders’ equity    
Series A convertible preferred stock, $0.0001 par value; 2,000,000 shares authorized, 100,000 issued and outstanding (liquidation preference of $1) 100 100
Common stock, $0.0001 par value: 200,000,000 shares authorized; 121,694,163 issued and 120,936,038 outstanding at June 30, 2026; 121,073,328 issued and 120,315,203 outstanding at March 31, 2026 10 10
Additional paid-in capital 971,823 969,062
Treasury stock, (758,125 shares at June 30, 2026, and March 31, 2026) (71) (71)
Accumulated other comprehensive loss (52,940) (51,766)
Accumulated deficit (728,330) (717,001)
Total stockholders’ equity 190,592 200,334
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 843,493 $ 841,654