v3.25.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 275,983 $ 10,789
Short-term investments 77,705 0
Accounts receivable, net of allowance for credit losses of $907 and $1,540 respectively 79,039 39,836
Related party receivables 2,900 3,236
Related party loans receivables 0 105,334
Prepaid taxes 6,443 0
Prepaid expenses and other current assets 13,547 7,224
Total current assets 455,617 166,419
Property and equipment, net 4,621 3,229
Goodwill 973,398 475,814
Intangible assets, net 808,732 276,544
Operating lease right-of-use assets 15,907 5,173
Deferred tax assets 5,097 337
Other non-current assets 3,115 0
Total non-current assets 1,810,870 761,097
Total assets 2,266,487 927,516
Current liabilities:    
Accounts payable 10,639 5,050
Related party payables 4,795 32,493
Contract liabilities 44,825 27,153
Operating lease liabilities 5,186 2,664
Accrued expenses and other current liabilities 29,328 6,013
Accrued compensation expenses 18,093 12,759
Income taxes payable 6,701 243
Related party short-term debt 0 503,262
Convertible debt 415,690 0
Contingent consideration 0 4,937
Total current liabilities 535,257 594,574
Operating lease liabilities 15,107 3,010
Other liabilities 4,913 5,736
Deferred tax liabilities 139,356 23,095
Related party long-term debt 0 309,237
Contingent consideration 0 46,199
Total non-current liabilities 159,376 387,277
Total liabilities 694,633 981,851
Commitments and contingencies (See Note 14)
Stockholders’ equity:    
Net Parent investment (deficit) 0 (76,580)
Common stock, $0.001 par value; 250,000,000 shares authorized; 71,460,169 shares issued and outstanding at December 31, 2024 71 0
Additional paid-in capital 1,626,785 0
Retained earnings (accumulated deficit) (75,937) 0
Accumulated other comprehensive income 20,935 22,245
Total stockholders' equity (deficit) 1,571,854 (54,335)
Total liabilities and stockholders' equity (deficit) $ 2,266,487 $ 927,516