v3.25.3

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2025	Dec. 31, 2024
ASSETS:
Cash and cash equivalents	$ 68,578	$ 106,594
Accounts receivable (net of allowance of $1,405 and $1,407, respectively)	149,444	97,790
Prepaid and other current assets	40,744	34,078
Total current assets	258,766	238,462
Property and equipment (net of accumulated depreciation of $26,146 and $33,375, respectively)	33,915	42,780
Operating lease right-of-use assets	40,038	52,557
Goodwill	381,539	381,539
Intangible assets, net	39,381	43,283
Equity investments	475	1,700
Other non-current assets	5,808	7,353
Total assets	759,922	767,674
LIABILITIES:
Current portion of long-term debt	3,936	124,931
Accounts payable, trade	52,050	8,360
Accrued expenses and other current liabilities	124,885	107,185
Total current liabilities	180,871	240,476
Long-term debt	388,370	344,124
Operating lease liabilities	52,044	69,238
Deferred income tax liabilities	6,082	4,884
Other non-current liabilities	157	131
Total liabilities	627,524	658,853
Commitments and contingencies (Note 13)
SHAREHOLDERS' EQUITY:
Preferred stock $0.01 par value; 5,000,000 shares authorized; none issued or outstanding	0	0
Common stock $0.01 par value; 50,000,000 shares authorized; 16,993,223 and 16,746,556 shares issued, respectively, and 13,637,757 and 13,391,090 shares outstanding, respectively	170	167
Additional paid-in capital	1,271,161	1,254,239
Accumulated deficit	(872,755)	(879,407)
Treasury stock; 3,355,466 and 3,355,466 shares, respectively	(266,178)	(266,178)
Total shareholders' equity	132,398	108,821
Total liabilities and shareholders' equity	$ 759,922	$ 767,674

Carrying value as of the balance sheet date of obligations incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

LendingTree, Inc. 10-Q