Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited)

v3.25.3
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Net revenue $ 140,377 $ 118,728 $ 271,303 $ 236,717
Costs of revenue and operating expenses        
Revenue share 63,093 56,336 121,231 112,145
Other direct costs of revenue 11,242 8,438 22,046 16,228
Product development 10,979 9,433 21,126 20,147
Sales and marketing 14,446 15,887 28,035 32,134
General and administrative 34,083 42,176 76,992 85,693
Total costs of revenue and operating expenses 133,843 132,270 269,430 266,347
Income (loss) from operations 6,534 (13,542) 1,873 (29,630)
Interest and other (expense) income, net        
Change in fair value of contingent consideration 0 200 0 200
Interest expense, net (11,498) (8,776) (20,298) (16,725)
Amortization of debt discount and issuance costs (2,778) (456) (3,932) (757)
Unrealized loss on derivatives (2,335) 0 (2,335) 0
Foreign exchange transaction gain (loss) 1,136 (976) 222 (158)
Loss on extinguishment of debt (9,795) 0 (9,795) 0
Other (expense) income, net (1,207) (36) (1,875) 78
Total interest and other expense, net (26,477) (10,044) (38,013) (17,362)
Loss before income taxes (19,943) (23,586) (36,140) (46,992)
Income tax provision (benefit) 1,452 1,400 (641) 3,150
Net loss (21,395) (24,986) (35,499) (50,142)
Other comprehensive (loss) income        
Foreign currency translation gain (loss) (2,204) 2,157 1,996 944
Comprehensive loss $ (23,599) $ (22,829) $ (33,503) $ (49,198)
Net loss per common share        
Basic (in dollars per share) $ (0.20) $ (0.24) $ (0.33) $ (0.49)
Diluted (in dollars per share) $ (0.20) $ (0.24) $ (0.33) $ (0.49)
Weighted-average common shares outstanding        
Basic (in shares) 109,128 103,041 107,885 102,722
Diluted (in shares) 109,128 103,041 107,885 102,722