Quarterly report [Sections 13 or 15(d)]

Discontinued Operations (Tables)

v3.25.3
Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operations
The following table summarizes the results of operations of the Passenger business which are presented as discontinued operations:

Three Months Ended September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Revenue $ 32,505  $ 38,815  $ 76,556  $ 83,907 
Operating expenses
Cost of revenue
 21,495  26,486  53,673  62,152 
Software development
 298  383  1,124  1,410 
General and administrative
 2,186  6,543  12,989  23,617 
Selling and marketing
 1,335  1,848  3,790  5,661 
Total operating expenses
 25,314  35,260  71,576  92,840 
Operating income (loss) 7,191  3,555  4,980  (8,933)
Gain on sale and disposal of discontinued operations 60,435  —  60,435  — 
Income (loss) from discontinued operations before income taxes
 67,626  3,555  65,415  (8,933)
Income tax (benefit) on discontinued operations 553  (118) 557  (150)
Net income (loss) from discontinued operations $ 67,073  $ 3,673  $ 64,858  $ (8,783)
The following table presents depreciation and amortization, capital expenditures and other non-cash operating activities of the discontinued operations related to the Passenger business:
Three Months Ended September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Depreciation and amortization
 259  446  1,285  2,247 
Capital expenditures
 108  664  296  1,696 
Stock-based compensation 34  277  874  1,140 
Gain on sale of Passenger business (60,435) —  (60,435) — 

The following table summarizes the major classes of assets and liabilities which represent only those related to the Passenger business, classified as held for sale presented as discontinued operations at September 30, 2025 and December 31, 2024, respectively:

September 30,
2025		 December 31,
2024
Cash and cash equivalents $ —  $ 2,306 
Restricted cash —  1,006 
Accounts receivable, net —  1,769 
Prepaid expenses and other current assets —  6,071 
Property and equipment, net —  2,453 
Intangible assets, net —  5,689 
Goodwill —  25,510 
Operating right-of-use asset —  6,044 
Other non-current assets —  1,319 
Total assets of discontinued operations $ —  $ 52,167 
Accounts payable and accrued expenses $ —  $ 3,546 
Deferred revenue —  6,656 
Operating lease liability - current —  2,622 
Operating lease liability - non-current —  3,682 
Deferred tax liability —  185 
Total liabilities of discontinued operations $ —  $ 16,691